Current thoughts:
Dr B/S - AWS Credits
Cr - PL - Other income
Other points/questions:
- I would expect this to be VAT exempt
- Credits can only be spend on AWS hosting server costs
Any thoughts appreciated.
Replies (2)
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I think you are right ...
open a bank a/c to record this as you may likely receive other credits monthly /quarterly depending on your usage
- so
Dr AWS Bank $1000
Cr. Sundry income $1000.
once you spend it on a wed service
Dr. IT /or related AWS cost $XXXX
Cr. Bank $XXXX