Textbooks and reference materials in accounting entries

[M@ry]

We are going to buy several books to be used by our employees (project management, technical books, leadership, etc...)
How do you put this in accounting book? This is an asset I know but under what category?

 

[bklynboy]

I view these as expenses and not assets. What type of business is this that you would capture as an asset?

 

[Steve-LevelUp]

I agree, I would expense these as well.

 

[M@ry]

Thanks guys. We use Odoo ERP system and we need product code for all items to be purchased. Having said that, we also need to categorize the product type. So I plan to include this under SUNDRIES.
Now, the question is the product type. Our only options in the system is Stockable, Consumable and Service.

 

[bklynboy]

Not familiar with that system and 3 categories seems very restrictive. Use Consumable. Its not a service or a Stockable item.