Sage Home    Go to sage.com
We make accounting easy. So you can focus on your business.
Simply Accounting Support Community
Home Blogs Forums Your Voice
Search in

entering strt-up costs

Simply Accounting » Starting a Small Business » General Discussion » entering strt-up costs
Last post 07-10-2008 8:58 AM by Michael. 1 replies.
Page 1 of 1 (2 items)
Sort Posts: Previous Next

  • 07-08-2008 11:22 AM

    entering strt-up costs

    Reply Contact

    Hi, new here, new to Simply Accounting, and opening my own business in BC Canada. I have taken a bookkeeping course and have some knowledge from a prior job, but that was on Business Vision software; and I have never "opened" a company.

    I have a few fees and supplies that I have paid from my own savings account or cash, and on my personal credit card, as I had to have some of the start-up done and registered PRIOR to opening a business account, which I do tomorrow. How can I enter these transactions?

     Thanks

  • 07-10-2008 8:58 AM In reply to

    Re: entering strt-up costs

    Reply Contact
    If your company is a limited company you can enter those expenses against the Loan from Shareholder account (range 2000 to 2700 depending on length of loan).  If not limited they can go against the Ownner’s Contribution.
Page 1 of 1 (2 items)