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Anti V I R U S

PeteLCPeteLC Feels At HomeRegistered Posts: 56
Would you capitalise the above?

If yes why!

If no why!

Cheers!

Comments

  • MonsoonMonsoon Font Of All Knowledge FMAAT, AAT Licensed Accountant Posts: 4,071
    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.
  • AK002AK002 Font Of All Knowledge Registered Posts: 2,492
    Ha!!

    Me too, I was like why would you write it in upper case!
  • PGMPGM Font Of All Knowledge Registered Posts: 1,954
    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.
  • stevefstevef Well-Known CarmarthenRegistered Posts: 258
    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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