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How would you deal with spending a bunch of money on redesigning a company's website (in practice, as opposed to in theory)? On the one hand it has a lot of sim
by toasterlovin 8y ago
How would you deal with spending a bunch of money on redesigning a company's website (in practice, as opposed to in theory)? On the one hand it has a lot of similarities to making improvements to a retail location (which would typically be amortized). On the other hand, my experience (not as an accountant, but as someone who has been exposed to accounting in small business contexts) is that that would typically get booked as an expense.
- jsmith99 8y agoIt would be capitalised as an intangible asset. In practice I assume a small company might not bother, especially if the website was built by their own staff, but the clients I worked on seem to get charged quite a lot for outsourced IT work so they would certainly want to capitalise it.