What purchase category for monthly software licenses that are resold?

[Matt_Yarranton]

Hi,

I am getting a Managed Service Practice off the ground which involves selling services that have software wrapped in. I purchase the software licences from a supplier, add a markup and sell onto my customers. What category should I mark the license purchases from my supplier?

Hope this makes sense!

Thanks in advance.

Matt…

[ian_roberts]

@Matt_Yarranton

I purchase the software licences from a supplier, add a markup and sell onto my customers. What category should I mark the license purchases from my supplier?

Things purchased for resale would be “general purchases” as they’re a cost directly linked to a specific sale.

[Matt_Yarranton]

Thank you Ian. I assumed this was the case but just wanted to check.