Hi, I just recently set up my own website. So I had to pay a fee for my domain name which I tagged as Website Hosting and IT Consumables. Going forwards there is a monthly fee of £29.99 to the provider of my website, should that be tagged “Website Hosting” as well, or would “Subscriptions” be more appropriate?
I usually tag these kind of costs as “Hosting or IT Consumables”. But you could feasibly go with Subscriptions too, either way it will end up on the same place in your profit and loss report.
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