Prepaid software licenses

Joined
Jun 4, 2023
Messages
8
Reaction score
0
Country
Hong Kong
Over the last 3 years, we have purchased some software licenses and record into "Prepayment". Latest assessment is that we are unable to utilize all the licenses so we will have to write them off into P&L. Instead of recording the licenses into IT expenses, is there an argument that we can hit some kind of expenses "below the line" (eg. amortization, discontinued operation expenses...)
 

kirby

VIP Member
Joined
May 12, 2011
Messages
2,460
Reaction score
334
Country
United States
A question; Why do you not want to record this as IT expense?
 
Joined
Jun 4, 2023
Messages
8
Reaction score
0
Country
Hong Kong
Just some internal KPI, want to make it as a "below the line" expense
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

USA Allocating prepaid expenses on 445 accounting period 1
USA Prepaid Equipment never got delivered by vendor 4
USA Prepaid inventory? 3
Germany Prepaid Assets in Balance sheet 1
Australia How to record prepaid trial balance? 1
USA Prepaid Expenses 5
USA Prepaid Expenses . R&D Projects ... 0
USA Prepaid tax? 2

Members online

No members online now.

Forum statistics

Threads
11,782
Messages
27,851
Members
21,793
Latest member
nextgenaccountant

Latest Threads

Top