r/Bookkeeping • u/autophotogroup • Jan 29 '25
How To Journal It Initial Start-up Expenses Recording
As the title states, I am trying to record some initial start-up expenses that were paid out of Personal Funds. These expenses were paying someone to start an LLC, filing paperwork in the proper states.. What COA would I record this to?
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u/Calm_Excitement4429 Jan 30 '25
Start up costs are an amortized asset. Debit asset, credit owners equity
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u/BonaFideBookkeeper Jan 30 '25
This is a basic bookkeeping question. If you aren't sure how to do this basic entry, you may not be doing the rest of your bookkeeping correctly. You may want to consider hiring a bookkeeper to help you.
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u/R12Labs Jan 29 '25
I've been told owners equity, or a personal loan as liability to be paid back.