Community

In which product category (e.g. car shampoo) should I enter this?

LP
2022-09-17

Question

Dear Sir/Madam,

I recently started a car detailing company. In the beginning, I purchased a lot of products and machines and entered them as investments, but now I regularly buy new coatings or car shampoos. These are things that are used by the services I offer to my customers, but they run out quickly and need to be reordered.

So I’m wondering which category I should enter these items under, as I can’t imagine having to write them off in a few years’ time when they only last a few weeks.

Thanks in advance!

Kind regards,

Lowie Piro
Blingboost

Shouldn't you record it as trade goods? You use it for your customers, you sell it to customers, it leaves your company after you sold it to customers... That seems to me to fall within the category of "goods".

Certainly not an investment, as the amount would be too limited for that, wouldn't it?

Trade goods indeed ;)

Ask a question
Ask your question to the Dexxter community with over 25.000 sole traders and verified Dexxter experts.

30-day free trial. No credit card required.

You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.

Community

Other questions from the community

investment deduction

Standard text for terms and Conditions NL

How do I enter a gift voucher?

tax on establishment, use of public roads and/or driving force

Depreciation of passenger car purchase

Which cost category

Forgot to file a special vAT return

(incorrect: ) No special vAT declaration for financial transaction costs

Purchases of licences/domain name/hosting for customer => services or trade goods

Unfortunately! Our community is currently only open to people who are starting a trial period on Dexxter

Unfortunately! Our community is currently only open to people who are starting a trial period on Dexxter