Hi, your post has been super helpful but I have one other question going off of what you said. I have removed my 100$ "opening balance" like you suggested and now am working on categorizing it the right way as my first transaction.....What if when I opened my business checking account I had to transfer the 100$ from my personal checking account to fund the initial 100$?, after reading into it further I understand this may have been a mistake and count as comingling personal/business accounts? Since that initial transaction I've kept everything separate ( business credit card for business expenses ), payroll to pay myself as an employee of my s corp etc... but for me to categorize that initial 100$ deposit I would have to link my personal checking account to my quickbooks online account correct? which I've red is seen as a red flag by the IRS and recommended not to do? Please advise, any help appreciated
