Forum Discussion

JoanneD007's avatar
JoanneD007
3 months ago

Purchase of Data Base

I am purchasing a data base at a cost of $9900, wondering how I should record it? As a capital purchase or just as a marketing expense? TIA
Princess_R's avatar
Princess_R
MYOB Moderator
3 months ago

Hi JoanneD007,

 

I get that you're looking for advice on how to record purchasing a database. If the database is going to be a long-term asset for your business, you can record it as a capital purchase. On the other hand, marketing expenses are usually short-term costs to promote your products or services. But to be sure, it's best to check with your accountant for advice that's specific to your business needs.

 

Feel free to get in touch if there's anything else I can assist you with.

 

Cheers,

Princess

Looking for something else?

Search the Community Forum for answers or find your topic and get the conversation started!

Community home

Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.