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Post Info TOPIC: Recording Mobile phone contract
Jake93


Newbie

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Recording Mobile phone contract
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Hi all.

I'm looking for a bit of advice on how to record a mobile phone contract in my books.
Please forgive me as I am new to bookkeeping and am learning as I go. Let me know if I'm wrong in what I'm saying 

So here's where I'm at...

I currently pay £94.30 (ex. VAT) per month for 2 connections. Purchased through Carphone Warehouse on the O2 tariff - billed by O2.
My invoice shows "Line rental: £94.30" - "Bill total: £94.30".

How do I determine (if necessary) how much of this bill would be classed as an asset (the value of the handset), and how much would be the cost of the tariff?
I have never seen a full figure for the price of the phones, only the monthly totals, so am unable to calculate the difference.

Any and all advice is appreciated.

Cheers.



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Cheers, Jake
Artois


Guru

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Posts: 1313
Date:
Permalink Closed

 

Can you justify 2 phones for your business? 

A similar post from not long ago

https://www.book-keepers.org.uk/t64498407/mobile-phone-bills/



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Doug

These are only my opinions of how I see things and therefore should not be taken as advice
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