Go Back   English Forum Switzerland > Living in Switzerland > Business & entrepreneur
Reply
 
Thread Tools Display Modes
  #1  
Old 20.05.2015, 11:03
Treverus's Avatar
Forum Legend
 
Join Date: Dec 2007
Location: Luxembourg
Posts: 10,192
Groaned at 241 Times in 203 Posts
Thanked 18,371 Times in 6,710 Posts
Treverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond repute
Start-Up accounting question...

Hi!

I did read a lot of the start-up threads, but have a rather simple question I could not find answered: I know everything I need to know to start a GmbH and will do so in about two months. I am currently not in CH and well, that's the earliest I will get going. However, I want to prepare some things I'll need and those come with a cost - for example getting a website designed and running.

A long story short: Can I spend some money now which I can in two months book on the company instead? It is all honest and company related, but I technically start working on it before said company exists. I am pretty sure that's not unusual with start-ups...?

Any idea, tips, pit-falls?

Thanks!
Reply With Quote
  #2  
Old 20.05.2015, 11:07
roegner's Avatar
Forum Legend
 
Join Date: May 2011
Location: Zurich
Posts: 5,618
Groaned at 192 Times in 167 Posts
Thanked 6,006 Times in 3,030 Posts
roegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond repute
Re: Start-Up accounting question...

I am not an accountant but I would say you can add that later on as start up cost. Maybe this link helps a bit?

https://www.business-case-analysis.c...t-up-cost.html
Reply With Quote
This user would like to thank roegner for this useful post:
  #3  
Old 20.05.2015, 11:11
Treverus's Avatar
Forum Legend
 
Join Date: Dec 2007
Location: Luxembourg
Posts: 10,192
Groaned at 241 Times in 203 Posts
Thanked 18,371 Times in 6,710 Posts
Treverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond repute
Re: Start-Up accounting question...

Quote:
View Post
I am not an accountant but I would say you can add that later on as start up cost. Maybe this link helps a bit?

https://www.business-case-analysis.c...t-up-cost.html
Well, the question I have is a bit more in the details:
1. Company does not exist yet, so I can only get things billed to my name personally. (I assume that should be ok as most companies have a founder and as long as the name matches...)

2. I am not in Switzerland right now, so billing address will be totally wrong... any tax implications or anything to care about?

3. Well, time line: Is it possible to book stuff that was done before a company exists...?

Last edited by Treverus; 20.05.2015 at 11:26.
Reply With Quote
  #4  
Old 20.05.2015, 11:30
grumpygrapefruit's Avatar
Forum Legend
 
Join Date: Feb 2007
Location: Zuriwest
Posts: 5,392
Groaned at 35 Times in 34 Posts
Thanked 13,494 Times in 3,501 Posts
grumpygrapefruit has a reputation beyond reputegrumpygrapefruit has a reputation beyond reputegrumpygrapefruit has a reputation beyond reputegrumpygrapefruit has a reputation beyond reputegrumpygrapefruit has a reputation beyond reputegrumpygrapefruit has a reputation beyond repute
Re: Start-Up accounting question...

I can't see any problem with that. Just make a list of all expenses incurred by you personally and pay yourself that amount once the company is running. Even though the dates will be earlier than the legal formation it would be a very pedantic inspector or auditor who would question those expenses (providing they are reasonable amounts that is), if indeed any one ever gets to see them. Just do it.

EDIT... just re-read your bit about foreign billing address, obviously don't try to claim back any local VAT. And really, as long as you can realistically justify the expenses to your accountant there won't be a problem.
__________________
Mike

Monger of fine British Cheeses
Reply With Quote
The following 3 users would like to thank grumpygrapefruit for this useful post:
  #5  
Old 20.05.2015, 12:08
sva's Avatar
sva sva is offline
Forum Veteran
 
Join Date: Mar 2010
Location: Villars sur Glāne
Posts: 722
Groaned at 23 Times in 14 Posts
Thanked 495 Times in 261 Posts
sva has a reputation beyond reputesva has a reputation beyond reputesva has a reputation beyond reputesva has a reputation beyond repute
Re: Start-Up accounting question...

When I set up my company in 2010 i had put all the expenses prior to establishment under the head "Pre-Incorporation Expenses" - and it worked perfectly fine.

So, go ahead and do it.
Reply With Quote
This user would like to thank sva for this useful post:
  #6  
Old 20.05.2015, 12:31
Treverus's Avatar
Forum Legend
 
Join Date: Dec 2007
Location: Luxembourg
Posts: 10,192
Groaned at 241 Times in 203 Posts
Thanked 18,371 Times in 6,710 Posts
Treverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond repute
Re: Start-Up accounting question...

Thanks!
Reply With Quote
  #7  
Old 28.06.2015, 15:02
Newbie
 
Join Date: Jun 2015
Location: Basel
Posts: 3
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
linshao84 has no particular reputation at present
Re: Start-Up accounting question...

It actually all depends on what kind of expenses they are and for what you want to use them.

Unless you don't want to bring the expenses in as a replacement for the capital required its not a big problem.
Reply With Quote
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Management Consulting Start-up? mambo Business & entrepreneur 21 23.08.2009 19:24
Start-up Loan Rafi Business & entrepreneur 3 30.07.2009 18:06
Business start up information billscottmorri Business & entrepreneur 8 01.05.2009 19:45
creative accounting with health insurances: rates go up, not down john_semour Insurance 3 05.11.2008 19:47


All times are GMT +2. The time now is 09:23.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0