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PDtax, Certified Public Accountant (CPA)
Category: Finance
Satisfied Customers: 5732
Experience:  MBA/CPA credentials, CPA firm owner. Business consultant, author, lecturer, US tax professional.
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When starting your business how should you account for

Customer Question

When starting your business how should you account for initial start-up investments when doing your accounts?
Submitted: 9 months ago.
Category: Finance
Expert:  oleksandrav-mod replied 9 months ago.
I've been working hard to find a Professional to assist you with your question, but sometimes finding the right Professional can take a little longer than expected.
I wonder whether you're ok with continuing to wait for an answer. If you are, please let me know and I will continue my search. If not, feel free to let me know and I will cancel this question for you.
Thank you!
Expert:  PDtax replied 9 months ago.
I'mCustomer I'll assist.Set up your initial account deposits as equity. The name for the equity account varies with the type of business structure.Most will use owner's equity as the account. Partnerships use partner equity, corporations use common stock or shareholder's equity.Thanks for asking at just answer. If this covers your question, positive feedback is appreciated. I'mCustomer