There is a lot of disagreement over whether the costs associated with a website should be expensed or classed as an asset. Normally when a website is paid for monthly on an ongoing basis then you should be ok to expense it in the P&L. This is because you are almost renting the website i.e. if you stop paying the monthly amount you lose your website.
Assuming the website costs are paid via the bank you need to need to debit website costs (profit and loss account) and credit the bank a/c. When the amount goes up to £230 per monthly simply do the same journal.
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"People who are exceptionally good in business arent so because of what they know but because of their insatiable need to know more"
As well as book keeping I do some web design, I'm not after a job or anything I'm busy enough but that sounds really expensive. I hope it's one hell of a website!
I'm a real newbie with book keeping but at I at least might be able to help with something like that.
That does sound like a lot. My website could be better I admit, its just a generic one through Bookcert and it needs some work but I'm paying £50 a year for mine.
For anyone not as fortunate as Alison I would recommend a look at "MicroSoft Officelive Small Business". With little or no experience of web design or building you can build and publish your own web site - and its free for the first two years, and a minimal cost of around £12 per year after that.
I'm not suggesting my own web site (www.abslive.co.uk) is fantastic - but I built it with very little effort (I know, some may say "it shows") - but you can put in more effort it you want anything grander.
I looked at your website before I sent my previous reply, and I must say that I did think it was a very good, concise, does what it says on the tin website - so I will certainly have a look at what you recommend. Thanks!
I can understand that there is a thinking that the OP has been overcharged, however I genuinely believe that there is merit in having a professionally designed website.
I believe that for many people, not all, that designing your own website with a builder script is akin to printing business cards on a dot matrix printer. The generally don't look professional and can ultimately lose you more business than they attract. I would suggest that you'd be better without a website than having a DIY site.
The views expressed in this post are my own personal (HRA protected) views, and are not representative of any organisation I have any involvement with.
