Canada Owner's equity and Expenses


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Aug 3, 2016
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Good morning everyone. I'm finishing up my year end shortly and had a few quick questions.

Since this is my first year in business I had to incure some costs for registration of my corporation, business licenses, web domains and hosting, as well as inventory which I used my personal credit card for. I kept all the backup and statements as well.

My issue is I don't have enough revenue to fully pay myself for these expenses. Should I set myself up as a vendor and pay what I can back to myself, then leave the remaining as outstanding AP for next year? Would the expenses I incurred be considered owner's equity? I didn't put money in the account of the business but used my personal credit on behalf of the company to pay for goods. Couldn't I just invoice myself?

Thank you for any help you can provide.
 
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