Accounting treatment of Computer Licence

Posted by oconnor_m2000 PM | on Wed, 23/01/2013 - 14:04 1823 17 comments | report

Hi,

Can anyone advise how a licence should be treated. It is renewable after one year. It is for checking postcodes while sales calls are being made. Can this be depreciated.

Comments

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Eh?

ShirleyM | Wed, 23/01/2013 - 14:21

its revenue not capital

carnmores | Wed, 23/01/2013 - 15:09

How much is the renewal?

androo235 | Wed, 23/01/2013 - 15:18

Is it an asset? (FRS 5)

jndavs | Fri, 01/02/2013 - 12:46

Prepayment?

ShayaClearBooks | Fri, 01/02/2013 - 12:46

Prepayment?

jndavs | Fri, 01/02/2013 - 13:00

"It is for checking postcodes

ShayaClearBooks | Fri, 01/02/2013 - 12:59

Prepayment?

jndavs | Fri, 01/02/2013 - 13:12

@jndavs

neileg | Fri, 01/02/2013 - 13:40

Defo

Glennzy | Fri, 01/02/2013 - 13:53

Are you forgetting?

David Gordon FCCA | Fri, 01/02/2013 - 15:00

It's a prepayment

shoshana | Sat, 02/02/2013 - 18:40

I agree with Malcolm (and others)

George Attazder | Sun, 03/02/2013 - 12:18

Economic benefit

jndavs | Mon, 04/02/2013 - 11:03

my god this is generating a lot of heat

carnmores | Mon, 04/02/2013 - 13:14

I'm sure the OP...

George Attazder | Mon, 04/02/2013 - 13:25

materiality@Carnmores. I think I said that. Didn't I?

androo235 | Mon, 04/02/2013 - 14:14