📨 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!

Accountant was purchases, what are counted as purchases?

Options
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: 10,733 Forumite
    10,000 Posts Fifth 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
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.3K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K 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.