My partner and I paid for our start up expenses through personal accounts. How do we enter invoices if we did not pay through our business account?
There are several ways to do paying for business expenses with personal funds, I prefer
bring up an expense transaction, list all the expense accounts you need to and the total amounts for each then on the next line
IF, if you are taxed as a sole proprietor or a partnership, select your equity investment account and enter the total as a negative number, save OR IF you are taxed as a c-or s-corp select a liability account you set up named due to [name] and enter the total as a negative number, save. Later you pay yourself back using the due to account as the expense for the payment
For a company taxed as a sole proprietor (schedule C) or partnership (form 1065), I recommend you have the following for owner/partner equity accounts (one set for each partner if a partnership)
[name] Equity (do not post to this account it is a summing account) >> Equity >> Equity Drawing - you record value you take from the business here >> Equity Investment - record value you put into the business here