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Hi - I am new to Start Up Nation and I am hoping someone can help me. I have looked online, everywhere!, and cannot seem to find any answers.
I am putting together some business financials and have the standard Income Statement, Balance Sheet, Cash Flow Statement, etc. I also want to create a worksheet for Start-Up Costs. Is this a stand-alone worksheet or does it tie into the other worksheets, like the Beginning Balance Sheet? If so, will I need to depreciate items (itemized in the Start Up Costs) prior to the Month 1, Year 1 of my business? And the same for amortization, if I have a loan prior to Month 1, Year 1 of my business? AND will I need to continue to post depreciation, amortization, and other occurring costs into Year 1 and further? I already have my Income Statement, Balance Sheet and Cash Flow Statement integrated into one another - - and now I am trying to add Start Up Costs and I am uncertain of how to proceed properly.
I hope my questions make sense. Thank you so much in advance for any advice or assistance!
Leenie
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