If you purchased a computerized accounting software would you consider that an asset or an expense?

Answer 1

Connie,

Based on the fact that you can annually deduct (expense) more than $100,000 of equipment and other capital assets (software), expense this item since it will reduce your current taxes and simplify the accounting process to do so.

Good luck,
Dana B.

Answer 2

An expense since it doesn't directly help your business make money...unless of course, you're an accountant.