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    phoebono's Avatar
    phoebono Posts: 1, Reputation: 1
    New Member
     
    #1

    Dec 11, 2017, 01:23 PM
    Prepaid expenses that may be to small?
    Do all annual service agreements need to be prepaid and amortized
    Or can small contracts say under $1000. Just be expensed?
    paraclete's Avatar
    paraclete Posts: 2,705, Reputation: 172
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    #2

    Dec 11, 2017, 07:18 PM
    Your choice you can operate on a cash basis or an accrual basis

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