Not sure if this is the best place...

[VoxKeysGtr]

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!

 

[DNQuest.com]

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.

 

[HOWARD]

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.