Forum

• # 90703
• Thu 09 May 2013 10:55 AM

Hi,

Does anyone know what n/c I should put our company new ipad under?

Is it 74XX for entertianment...?

It has been purchased primarily to take photo's of our machines and working practices to put on our website.


Thanks
Jo'Anne 

• Jo'Anne
• 
  Quote
  

• # 90726
• Thu 09 May 2013 07:11 PM

Hi Jo'Anne

It's a fixed asset like a computer, or depending on its price it could be equipment expensed.  But as a bit of equipment it is definitely not entertainment.

Hope this helps

Kind regards 

• Debbie
  www.beckcottage.com
  
  

• 
  Quote
  

• # 90729
• Thu 09 May 2013 07:51 PM

If it were me and it cost less than £150 I would put it in a P&L expense nominal like promotions or advertising. If it cost more than that I would put it in a BS nominal like Office Equipment.

Steve

• 
  Quote
  

• # 90732
• Thu 09 May 2013 08:31 PM

Hi Jo'Anne,

If it is used wholly for business purposes then I would post this to Office Equipment as a Asset depending on the price of course. As Steve says if under £150 just post it to an office expense account.

If it is not used wholly for business then different rules apply and details for dealing with this can be found on HMRC website.

Marilyn  

• A clever person solves a problem.

  A wise person avoids it.

  Albert Enstein

• 
  Quote
  

• # 90733
• Thu 09 May 2013 08:32 PM

Hi Jo'Anne,

If it is used wholly for business purposes then I would post this to Office Equipment as a Asset depending on the price of course. As Steve says if under £150 just post it to an office expense account.

If it is not used wholly for business then different rules apply and details for dealing with this can be found on HMRC website.

Marilyn  

• A clever person solves a problem.

  A wise person avoids it.

  Albert Enstein

• 
  Quote
  

• # 90814
• Mon 13 May 2013 03:40 PM

making sure of course you list it as an asset and claim your AIA on it 

• 
  Mrs Mary Sunderland MICB CB.Dip
  www.TheCheshireBookkeeper.co.uk 

• 
  Quote
  

• # 90953
• Thu 16 May 2013 12:51 PM

Thank You everyone for your replies - all are very helpful
 

• Jo'Anne
• 
  Quote