Originally posted by Maslins
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Reply to: Long term deposit for training course
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Previously on "Long term deposit for training course"
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Can't see anything contentious there.
If the deposit is quite sizeable, then might be worth prepaying it in the accounts (ie putting it as an asset on the balance sheet). This will then be released when you actually undertake the course, so the cost hits the P&L when you do it.
Also has the added benefit that if the course doesn't go ahead for whatever reason and your deposit gets refunded, you don't have a staff training expense one year, then a refund the next.
I wouldn't bother if the deposit is small fry though (eg <£100).
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Originally posted by Notascooby View PostAll,
Thinking about reserving a spot on a training course which wont run in the current company year.
I can't think of an issue but anyone see a problem with paying the deposit this company year and the remainder of the amount and attending the course in another company year?
I only ask as I've not actually received anything, apart from a confirmation and invoice for deposit until I attend the course.
*just checking I'm not being stupid*
NLUK Disclaimer
Yes I've googled and yes I'll double check with my accountant and yes I know that the course needs to relate to current role and be wholly and exclusively etc etc
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Can't see a problem with it.
It's an expense this year, and if the course gets cancelled and your deposit is refunded next year then it's just a supplier rebate.
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Long term deposit for training course
All,
Thinking about reserving a spot on a training course which wont run in the current company year.
I can't think of an issue but anyone see a problem with paying the deposit this company year and the remainder of the amount and attending the course in another company year?
I only ask as I've not actually received anything, apart from a confirmation and invoice for deposit until I attend the course.
*just checking I'm not being stupid*
NLUK Disclaimer
Yes I've googled and yes I'll double check with my accountant and yes I know that the course needs to relate to current role and be wholly and exclusively etc etcTags: None
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