I'm starting an LLC with an effective date of January 1, 2022. I would like to purchase some computer equipment ASAP so I can hit the ground running in January, but I won't have my LLC's bank account setup until after the first of the year and I'm not sure how a personal purchase in 2021 should be reflected in my LLC's bookkeeping in 2022.
If I make the purchase with my LLC's bank account after January 1, 2022, it seems like it would be easy. I would just make a contribution to my LLC's account and then purchase directly out of that account.
But is there any downside if I want to purchase equipment personally in 2021 and then transfer that equipment to the LLC in 2022? What is the best way to track this, bookkeeping-wise?
Thanks for any advice on how to handle this.