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Post Info TOPIC: Research & Development


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Research & Development

I work for a small engineering company who produce infrastructure for the mobile phone industry. Recently we have purchased a large amount of goods from the USA & Ireland to develop new products and my managing director does not want the goods to show on the P&L as it will affect the day to day figures and could be in storage for quite some time. I use Sage 50 and in the past have always posted any R&D labour or goods in or around the 7000 nominal so that they show up on a monthly basis on the profit & loss - does anyone have any advise on a code I would be able to use between 0010 and 3999 so that these goods and future goods are just shown on the balance sheet ??

Thanks everyone for any advice.

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