What nominal should I use for mobiles phones we have bought outright rather than rented, I don t want to treat them as assets as their usable life will probably be only two years.
Thanks in advance
What nominal should I use for mobiles phones we have bought outright rather than rented, I don t want to treat them as assets as their usable life will probably be only two years.
Thanks in advance
Possibly “Hosting Fees and IT Consumables”, although it’s not a perfect match!
The other option is to just create a new nominal account under the “Overheads” category.
Either way it will end up in the same place on the P&L.
Thank you Glenn, I’ll go for the Overheads category
