Skip to main content
Y
Yorkshire_Remaps
October 13, 2021
Solved

Accounting categories (nominal accounts) again

  • October 13, 2021
  • 1 reply
  • 0 views

Hi again

Entering some receipts for tools for my business. Mixture of software and hardware as my business does software tuning for vehicles. How would you see these fitting in to the nominal account categories please?

 

Kind regards

Jason

Best answer by EmmaM

Hello Yorkshire_Remaps, You could look at tangible assets>macinery and equipment as an option within the nominal account categories to record the purchase of software/hardware for the business. You may want to confirm that with an accountant.

1 reply

E
EmmaMAnswer
October 13, 2021

Hello Yorkshire_Remaps, You could look at tangible assets>macinery and equipment as an option within the nominal account categories to record the purchase of software/hardware for the business. You may want to confirm that with an accountant.

Y
Yorkshire_RemapsAuthor
October 13, 2021

Thanks EmmaM, that's the type of thing I was looking for but can't see it listed. I'll have a scout about :)

Kind regards

Jason

Y
Yorkshire_RemapsAuthor
October 13, 2021

Actually I'll amend that. I can see computer additions at cost which in the detail also says Machinery and equipment but seems a bit confusing to be honest.

Terms & ConditionsAccessibility statement