Purchase Code for Computer Parts?

Accounting
1

Hi I’m looking for advice on which purchase code to use for expenses just as computer monitors, and keyboards etc.

I was previously using General Purchases, but this is a “cost of sale” so I am not sure if this is correct.

I found this code online: Computer Supplies - 72240, but when I try to use this code it says ‘did not match any code’

Any advice would be much appreciated.

Thanks,

Philip

2

What are you doing with these monitors and keyboards?

3

General day-to-day work - I provide online marketing services and having a computer (and different accessories like mice, keyboard, headset) is essential.

4

The main questions is whether you expense these items or you treat them as a capital asset.

Larger items of equipment, that will be useful for more than a year and are expensive in the context of your business, would normally be categorised as a “Capital Asset”.

If you want to post a computer part/peripheral as an asset you can use the nominal account “Office Equipment”.

If you want to post to an expense account you can use “Hosting Fees and IT Consumables”

1 Like