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01-22-2003, 04:58 PM
| #1 (permalink) |
| Gold Lifetime Member  Last Online: 08-02-2006 12:43 AM iTrader: (0) Join Date: May 2002
Posts: 43
DNF$: 211 Location: Texas     |  Not sure if this is the best place... to ask about accounting/bookeeping questions, especially after sifting through the domain in trust thread...it was kinda scary... Anyway, here's my question(s): How do you list domain names in your books? As inventory? As Assets? Do you use the registration price as value, or the "appraised" value? Any info is appreciated? Thanks!  |
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01-22-2003, 10:27 PM
| #2 (permalink) |
| DNF Addict  Last Online: 09-23-2008 04:35 PM iTrader: (2) Join Date: Oct 2002
Posts: 1,100
DNF$: 4,835 Location: Columbia, MD  | Hi Vox, I list my domains in my books as "Domain License Expense" and it is an asset. I then have a default client "Domain Sales" to show Revenue. Hope this helps.
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01-23-2003, 09:05 AM
| #3 (permalink) |
| Platinum Lifetime Member Last Online: 12-01-2005 11:02 PM iTrader: (0) Join Date: Oct 2002
Posts: 224
DNF$: 1,216 Location: Davie, Fl  | If it cost less than $10,000, you can expense it. Or you may want to amortize the cost over a period of years. I'm not sure whether the I.R.S. has issued any opinion on useful life of a domain.
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