If I made a business expenses from a personal account, can I write myself a check from my business account?

Question

Basically, after my business was officially filed as an LLC but before my business bank account was created, I made some purchases exclusively for business purposes (ie company website). Can I simply write a check from my business account to my personal one? I keep very detailed notes about my expenditures for accounting and have all receipts.

Thanks!

Answer 1

Yes, you can.

Make the check payable to yourself, and have it as a reimbursal.

It is a good idea to use a separate credit card for the business, even if it is a personal one.  That makes it much easier to keep track of expenses, and it simplifies internal audit.

Look at IRS Form 1040, Schedule C.  That will give you an idea of how to categorize expenses.