Accounting for Transactions Pre-Dating the Bank Account

[Human]

Hi,

A guess this is more of an accounting query rather than QB specifically.

I recently started a new business, which involved paying a licence fee to operate in my area. The licence fee included stock & training, and was paid out of my existing business as at the time of receiving the training I hadn't yet got the bank account for the new business opened.

Should I show the licence fee in my existing company (in QB) as private drawings, enter it as a deposit in the new company, then enter the bill from the licensor and make a payment as normal? While this would show the correct transactions in the new company, the transactions won't appear on the new company's bank statements. Does this matter? How would it work when I come to reconcile the bank acct in QB with the bank statement?

I'm using QuickBooks Premier 2012

[Deidre56]

do a journal entry to debit the appropriate expenses and credit owners equity. on the company that paid the bill, make sure that check is coded to owners draw. simple as that.