Hello there, iambkm. Let me provide you with the steps on how to record start-up costs in QuickBooks Online (QBO).
If you're referring to start-up costs for starting a business, you can record it as a Journal Entry. Here's how:
- Go to + New and select Journal Entry.
- On the first line, select the Expense account for the purchase.
- Enter the purchase amount in the Debits column.
- On the second line, select Partner's equity or Owner's equity.
- Enter the same purchase amount in the Credits column.
- Select Save and close.
However, I still recommend consulting an accountant for the appropriate account and more guidance on recording this. If you don't have one yet, you can find one through this link.
If you need help with other processes in QBO, feel free to visit our articles on this page: General articles list page. They contain guides that can assist you in recording transactions, building reports, and more.
If you meant something else, kindly add your reply in the comments. The Community is here to assist you 24/7.
