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accounting for software.

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 January 2011 accounting for software purchases and its annual maintenance charges.
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
11 January 2011 What's your question ?
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Vivek Raju P

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Vivek Raju P (Expert)
12 January 2011 The question is not clear but :

If software is purchased then it needs to be capitalised along with the implementation costs if any as an intangible asset.

Any annual license fee or maintainance fee paid needs to be expensed.
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