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idc_shopping
Level 2

How do I record a owner's non-cash contribution in the form of inventory

Greetings,

 

I am the 50% member of an US LLC Partnership. We just started the company in 2021.

 

I had some goods purchased prior to this company, all paid by my personal credit card. I will be adding these items to our LLC's inventory to be sold by our LLC.

 

I kindly ask you to inform me how I will record this non-cash contribution in Quickbooks Online.

 

Kind regards,

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