Anti V I R U S

PeteLC

Would you capitalise the above?

If yes why!

If no why!

Cheers!

Monsoon

I read that and was like "no, I would write it in lower case".

Seriously!!

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

Ha!!

Me too, I was like why would you write it in upper case!

PGM

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

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.