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I am a gardener and have just bought an amount of machines, costing around £600 per machine.
Which cost category does this fall under?
Thank you!
I am a gardener and have just bought an amount of machines, costing around £600 per machine.
Which cost category does this fall under?
Thank you!
I read somewhere that it is best to record expenses above £250 as an investment.
Hello,
JB's answer is correct here. Dexxter recommends that you record purchases with a unit price higher than £250 as an investment if your purchase is a long-term purchase. The amount of £250 is an indication, not a hard limit.In this case, I assume that the machines are intended to last for several years. You could then indeed record them as an investment. You can find more information in this article from the learning center: https://dexxter.be/investment-afschrijven-hoe-doe-je-dat-boekhoudkundig/?utm_source=learning_center&utm_medium=referral
Kind regards,
Your Dexxter expert
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.