I have made an investment for the future, but would like to use this year’s profit for it. So I have now spread the investment, for which the invoice was issued in December 2022, as payments from January 2022 to December 2022. Is this allowed?
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
I have made an investment for the future, but would like to use this year’s profit for it. So I have now spread the investment, for which the invoice was issued in December 2022, as payments from January 2022 to December 2022. Is this allowed?
As a sole proprietor, you can choose when to start depreciation in the current year. I think there is also something from the learning center about this; search for depreciation.But in any case, as a sole proprietor (no longer as a company), you can choose when to start depreciation in the year you make the purchase.
Thank you! I will take a look at the learning center.
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.