I am currently in the process of getting a new business setup. My partners and I have a lawyer and have incorporated and setup all of our legal paperwork. Since these things just got setup, I do not have a bank account yet nor have I purchased my accounting software (will be getting Peachtree).

So far, pre-startup expenses are minimal (mailings, etc) but I am going to be paying the first bill my attorney sent us. Since the corporate books and bank accounts are not setup, I will be paying from my personal checkbook.

My question is how do I account for this when I get my books setup in Peachtree? Is there a way I can roll this into my equity stake?

Its not huge dollars, but its sizeable compared with my contribution to initial equity. My other partners/founders will not be laying out any money during pre-startup, so their equity buy-in is fairly simple.

I guess I am wondering what accounting transaction, if any, I could make to bring this expense into the company, either as an expense or as part of my equity contribution.

Any help would be much appreciated. Thanks in advance.