Recording LLC startup expenses

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First, set up capital accounts for the two LLC members. See the Guide:

Capital accounts

Capital accounts are used to track funds contributed, drawings and share of profit of business owners. They can be adapted to suit any type of business entity including sole proprietors, partnerships, companies, trusts and funds. [image] Sole proprietorships only require a single capital account. Partnerships require a capital account for each partner. Trusts require a capital account for each beneficiary. Funds require a capital account for each member. [image] By default, capital accounts …

For items you purchased on behalf of the LLC with personal funds, use expense claims. See this Guide:

Use expense claims

Expense claims record expenses incurred by people on behalf of the business. These can be of two types: Actual expenses paid with personal funds that, in other circumstances, could have been paid directly with company funds and posted to appropriate accounts. Examples include: travel expenses for company business charged to an individual’s credit card, cash purchases of office supplies, or materials bought locally out of pocket on an emergency basis to finish work at a customer’s site. All…

As Payers, be sure to choose from the Members category (if you also have yourselves set up as Expense Claims Payers). That is all explained in the Guide. Payback can come as draws from capital or could be reimbursed. That is explained, too.

Contributions of cash are recorded using Receive money in Cash Accounts tab, allocating the receipt to the capital account of whoever made the contribution.