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From: Simon St John
Hi everyone
Just interested in what type of accounting system people use for managing their IP's.
Questions in my head include:
- Do others use an accounting package (are any IP friendly, with an IP-oriented standard chart of accounts?) or just a spreadsheet or manual files (shoebox!).
- Do you calculate your own depreciation or just leave it to the end of FY for your accountant?
- What do the accountants advocate (eg Dale!)
- Do those with multiple IP's do something different to those just starting and when did you upgrade?
- Does anyone put every cent (even personal) through a package to aid in racking/budgeting ?
Just a few questions to get the discussion flowing.....
Cheers, Simon
Hi everyone
Just interested in what type of accounting system people use for managing their IP's.
Questions in my head include:
- Do others use an accounting package (are any IP friendly, with an IP-oriented standard chart of accounts?) or just a spreadsheet or manual files (shoebox!).
- Do you calculate your own depreciation or just leave it to the end of FY for your accountant?
- What do the accountants advocate (eg Dale!)
- Do those with multiple IP's do something different to those just starting and when did you upgrade?
- Does anyone put every cent (even personal) through a package to aid in racking/budgeting ?
Just a few questions to get the discussion flowing.....
Cheers, Simon
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