Monday, January 16, 2012

How do I account Startup costs in quickbooks for corporation that I paid from my pocket and I want that back?

Well you would make an equity account in your chart of account called "Owner Contribution" or "Loan from Shareholder" to start with. But like the other poster said, I think you're going to have to pay yourself back legit, and account for it or the IRS may get suspicious.

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