We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Accountant was purchases, what are counted as purchases?

Hi,
Im sending my accounts to the accountant and he was sale, purchases, expenses.
At first I thought expenses and purchases are the same.

Im guessing purchases is like a car.

But what else is under purchases? Cant find examples online link to UK tax.

Is a computer, usb cable, printer, tables, boxes purchases?

Comments

  • Jeremy535897
    Jeremy535897 Posts: 10,812 Forumite
    10,000 Posts Sixth Anniversary Photogenic Name Dropper
    Purchases are the direct costs of goods you buy to sell. Expenses are the indirect costs of running a business (like motor expenses, heat and light etc). Cars and computers are fixed assets.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.5K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.5K Spending & Discounts
  • 247.4K Work, Benefits & Business
  • 604.2K Mortgages, Homes & Bills
  • 178.5K Life & Family
  • 261.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.