E-commerce
ERP / OMS Implementation Cost
Capitalizing the cost of implementing an Order Management System or ERP for the e-commerce operation.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Intangible Assets — ERP / OMS | Asset (+) | 35,000.00 | - |
| Cash / Accounts Payable | Asset/Liability (-) | - | 35,000.00 |
💡 Accountant's Note
ERP and OMS implementation costs meeting the IAS 38 capitalization criteria are intangible assets. They are amortized over the expected useful life (typically 5-7 years).
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