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Capitalize or Expense New Accounting Software

Joshua Hall's Profile

Hi everyone, we are switching from Quickbooks to Intacct and I was wondering if we can capitalize those costs.

Lets say for example the implementation costs are $15K, and the annual/recurring costs are $5K. Can I capitalize both the implementation and the annual costs? Or just the annual costs?

Thanks!

Answers

Len Green
Title: Performance Improvement Consultant and E..
Company: Haygarth Consulting LLC
LinkedIn Profile
(Performance Improvement Consultant and ERP Strategist, Haygarth Consulting LLC) |

Joshua
I think you can amortize the implementation costs, but may need to refer to your subscription contract to determine period of amortization.
Annual subscription costs I believe are opex.
Regards

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