I’m loving Manager so far, and so glad I found it so I didn’t have to use Quickbooks!
Anyway, my wife and I started a 2-member LLC and had lots of startup expenses we initially paid out of our personal funds. Things like LLC filing fees, computer, office supplies, land (yes, land for a new construction), and various other things that had to be paid before we were able to establish a bank account and credit card for the LLC.
We may eventually want to be paid back for some or all of that, but for now we just want to properly record everything as equity/funds contributed by each of us.
Since this whole LLC thing is new to us, how can I properly record all those startup expenses in Manager without having our personal accounts setup in Manager, and without affecting any of our cash accounts?
Oh, and I also need to record the money we personaly gave the business which became the opening deposit amount for the LLC checking account. That would also be equity/funds contributed.