BUSINESS START UP TAX RECORD KEEPING QUESTIONS?

Already paid for most things from my personal acct. Finally got the commercial operation checking acct. opened.

Shall I write myself checks upon the commercial operation acct. to compensate msyelf behind for the equipment I paid for from the personal acct?

My reasoning: I wish all income as well as losses obviously accounted for from inside of the commercial operation acct. (and quicken).

Is this an excusable practice?

{ 1 comment… read it below or add one }

RichManPoorMan July 31, 2010 at 4:28 am

sounds acceptable to me, and a good idea. book it danno.

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