What do I classify keys and an adapter as?
Keys? As in getting a spare set of keys cut?
The adapter I’m presuming is a power adapter for a phone or some electronic device? In which case could put that under Office Equipment (asset code) or Repairs & Renewals (P&L code).
Yes the key was so we would have two more copies. And the adapter was purchased for a client as they needed it, so what would it be classed as?
The keys I would put under “repairs and renewals”. The adapter could go under “Office equipment”. I’m not an accountant so there may be other more qualified suggestions
If the adapter was purchased for a client and then sold on would it not just be a general purchase?
Yes it would go under “General Purchases” if it’s being resold to a client. I just assumed it was for the business.
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