Capital vs revenue expenditure
How to decide whether a purchase should be treated as a capital asset or an immediate expense — and the tax implications of getting it wrong.
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How to decide whether a purchase should be treated as a capital asset or an immediate expense — and the tax implications of getting it wrong.
What the chart of accounts is, how AccBooks organises it, and how to add, rename or reclassify accounts to match your business.
How to set up and maintain your fixed asset register — adding assets, tracking cost, accumulated depreciation and net book value.