banner_ad

Accounting treatment for tally purchase software

33895 views 16 replies
Quick Summary
Tally software with 1-year license can be treated either as software expense (revenue expenditure) or intangible asset depending on accounting policy. Many treat it as prepaid/software expense and amortize over the license period, while some classify it as intangible fixed asset.

Because It won't add on value of asset

any software purchased that will come under fixed assets because software has resale value ,later we can sale it to other company or persons or we can earn money .So,This will come under fixed assets

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details