Anti V I R U S

PeteLC
PeteLC Registered Posts: 56 Regular contributor ⭐
edited June 18 in AAT member discussion
Would you capitalise the above?

If yes why!

If no why!

Cheers!

Comments

  • Monsoon
    Monsoon Registered Posts: 4,020 Beyond epic contributor 🧙‍♂️
    I read that and was like "no, I would write it in lower case".

    Seriously!! :lol:

    Back with my Accountant's head on not my English graduate's one.....

    And no, they are annual subscriptions usually. Unless its a big payment that is infrastructure that will last more than a year. And if it's a 2 year licence its a prepayment.

    I don't capitalise anything that cost less than at least £300.
  • AK002
    AK002 Registered Posts: 2,442 Beyond epic contributor 🧙‍♂️
    Ha!!

    Me too, I was like why would you write it in upper case!
  • PGM
    PGM Registered Posts: 1,937 Beyond epic contributor 🧙‍♂️
    Monsoon wrote: »
    I don't capitalise anything that cost less than at least £300.

    I pay a lot more than that, but we have lots of users.

    Still I only get short contracts, current one is 2 years so its just a year end prepayment.
  • stevef
    stevef Registered Posts: 257 Dedicated contributor 🦉
    Capitalisation levels very much depend on the overall budget size. Currently we only capitalse expendiure on assets if the value exceeds £5,000, but this limit has been in place for a number of years. I am considering raising it to £10,000 this year, this will bring it in line with our capital receipts recognition level. All receipts under £10k are considered revenue cash. This will keep most office equipment (particularly those pesky phtocopiers funded by finance lease (but I have found a framework that will fund photocopiers on an operating lease)) and small plant off the balance sheet.

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