Home – New Forums Money matters Smartphone apps accounting expenses?

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  • #988077
    Jordan Harman
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    Hi Guys,

    We have recently built a couple of smartphone apps, 2 of them are free to download (but we gain income from in app advertising) and 2 are $1.99 each.

    What we need to know is what sort of expense do we class these as? Would this, we make money directly from these apps.

    Any help would greatly be appreciated.

    #1165524
    FalzonFinancial
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    Generally speaking the money earned from from either the app purchases or in app advertising will be your income. You can code these to separate accounts to track performance of each over time.

    Conversely, the expenditure incurred making these mobile apps will be your expenses. You can code them as ‘App Development Expenses’ or another suitable name to monitor spending.

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