During the initial startup of this s-corp I had to pay out license fees, incorporation fees, cost of initial goods, etc. during the month before the corporation officially began operation and in the two months following. One payment came from my personal bank account, all the rest came from various personal credit cards.
How would I handle categorizing these into accounts? Could any of these payments I had to make on behalf of the corporation be entered as shareholder equity/advance or something similar instead of issuing a repayment?