Can I put PC bits and Bob in P&L account?

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xoggoth replied

25 June 2007, 15:54
Indeed there is some accounting term for too small to bother about, even HMRC accept the principle.
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css_jay99 replied

25 June 2007, 15:12
cheers guys, thats what I thought.
too small amount to to start maintaining a fixed assest register...

Actually come to think of it I just bought a 23" LCD TV for the bedroom and my Server/ desktop is conected to it.

how should i treat this
css_jay99
Leave a comment:
ASB replied

25 June 2007, 14:42
Originally posted by css_jay99

Just a quikie

I want to buy one or two bits and bob for PC.

HDD, NAS storage, New router.

I guess this can be classified as Assets hence dont hit P&L.
What do you guys classify this as?

or it it just a case of classiying it as an office expense?

cheers

css_jay99

Ask your accountant. < 100 quid I always used to treat as an expense. Ditto software.

Do you really want to bother creating an asset account and depreciating it over useful life ??
Leave a comment:
Bluebird replied

25 June 2007, 14:31
business expense paid for by business credit card.
Leave a comment:
css_jay99 started a topic Can I put PC bits and Bob in P&L account?

25 June 2007, 13:11
Can I put PC bits and Bob in P&L account?

Just a quikie

I want to buy one or two bits and bob for PC.

HDD, NAS storage, New router.

I guess this can be classified as Assets hence dont hit P&L.
What do you guys classify this as?

or it it just a case of classiying it as an office expense?

cheers

css_jay99
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