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”?
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 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.