UK Recording opening equity on Quickbooks

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Hi

We're trying to work out the right way to do this with only some experiences of balance sheets. Its a brand new Quickbooks and brand new company so there is little on there at the moment.

There was a certain amount of start up costs before the business started trading.

2 owners, so for example owner A put in £2000 and owner B £2000 which was spent on small items to help the business be set up.

I want to record them as opening equity but with the capabilities of paying it back as the business begins to make a profit.

The way I've done it has created a weird movement on the opening balance equity account and after a bit of google research Ive seen that this is a problematic thing for a lot of people.

SO my basic question is how do I correctly record these start up costs in quickbooks with the ability to be able to pay them back as and when we can.

Thanks for any advice

IG
 

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