I have a new business with high start-up costs. I do have a business checking account and make deposits from my savings and other income which are equity injections far beyond the business' generated income.

However, for various reasons I also use personal bank accounts, credit cards and brokerage accounts to pay for items ranging from office supplies to buying several pieces of property to making capital improvements on the property -- not standard practice I know -- but it's just me and I'm scrambling to get my business off the ground.

I handled this in my previous paper-books business by calling all cash injections petty cash, but several hundred thousand for a property is not exactly petty cash, and my books were actually a kludge.

I have several questions:

1. The simple question is this:

After reading the manual, watching all the webinars posted, and MYOB Accounting 101 I didn't see how to characterize the money which I DO deposit into the biz bank acct so that they will show up as Non-income and make their way to owner's equity (and from there, presumably to the balance sheet?).

I just did a test transaction -- a bank deposit which I entered in the owner's equity account, which showed up as a bank deposit and as the same amount in my "owner's investment" EQUITY account.

Is that all there is to it??

2. My complicated question is this: I want to show all my other investments in the business which never go into the biz bank account, and which are on various credit and debit cards, and in two cases wire transfers to a property title company -- hopefully without calling all of these things banks or a variety of credit/debit cards/personal checks/cash purchases.

It occurs to me that I COULD call myself a "bank" (I'm certainly the lender of first and last resort to my business), and all of the deposits would be handled the same way and show up in one account, i.e., posted to my "owner's investment" Equity account. And since they're only part of many other accounts, I don't give a fig about trying to reconcile with statements.

Or will this not pass muster with the IRS and GAAP?? (I know it won't meet GAAP!!) -- but I have limited time, have receipts for everything I buy, and just want to create books I can give to my CPA which accurately reflect my expenses, cap investments, purchases, etc.

Any input would be much appreciated.

3. I also take a home office deduction which is a portion of rent and utilities paid by me. And deduct business travel miles, meals, etc.

Do I enter this information in MYOB somehow OR do I just keep separate records of it and deduct it off of my personal income tax return??