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I build websites and purchase the hosting, domain name and software and licences that are required. I then charge these to the customer. Should I register the associated expenses as a “Commodity”?
I build websites and purchase the hosting, domain name and software and licences that are required. I then charge these to the customer. Should I register the associated expenses as a “Commodity”?
I would register them as trade goods. Since you make purchases for a customer, then use them in a final product for the customer and also charge them to the customer.
That seems to me to be a trade good!
Trade goods effective
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.