Internal-Use Software and IT Subscriptions
All articles in this category pertain to internal-use software and IT subscriptions. Accounting for software and IT subscriptions can be complicated. Computer software is considered internal use when it is purchased specifically for internal use within an entity, such as for payroll. Expenses for computer software purchased for internal use are either capitalized or expensed depending on the manner in which they were incurred. ASC 350-40 pertains to this category.
Learn more about accounting for internal-use software and IT subscriptions below.