Difference between revisions of "How to financials"
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| Line 8: | Line 8: | ||
* Office Expenses | * Office Expenses | ||
** Things that would be used to maintain an office building. Examples: cleaning supplies, toner, paper, toilet paper. | ** Things that would be used to maintain an office building. Examples: cleaning supplies, toner, paper, toilet paper. | ||
| + | * Regs, licenses, and fees | ||
| + | ** Government fees and business licenses. | ||
== How we are categorizing specific things == | == How we are categorizing specific things == | ||
* Software licenses | * Software licenses | ||
** Going to categorize these as office expenses. The "Regs, licenses, and fees" account will be used for government dealings. | ** Going to categorize these as office expenses. The "Regs, licenses, and fees" account will be used for government dealings. | ||
Revision as of 04:24, 11 November 2014
Category
- Supplies - Things consumed by the process of using or running the machine. Will not improve or maintain condition.
- These are going to be things that are directly worn down in its normal use. Example: grinding wheels, bandsaw blades, end mills, and lathe tooling.
- Repair and Maintenance - The costs incurred to bring an asset back to an earlier condition or to keep the asset operating at its present condition (as opposed to improving the asset). Fixing non-consumable things in the machine. These things are less frequently replaced.
- Example: cleaning fluid, belts.
- Tools - Tools or permanent improvement to tools or area.
- These include things like shelving.
- Office Expenses
- Things that would be used to maintain an office building. Examples: cleaning supplies, toner, paper, toilet paper.
- Regs, licenses, and fees
- Government fees and business licenses.
How we are categorizing specific things
- Software licenses
- Going to categorize these as office expenses. The "Regs, licenses, and fees" account will be used for government dealings.