I hope you can help me with this one as it’s making my brain hurt. For reference, I’m a sole trader.
I’m a vehicle detailer and part of the services I offer is the application of a ceramic coating - the raw materials of which can cost over £100 when I purchase them. These things aren’t assets as they are consumable…but Crunch has a limit of £100 on expense items before they need to be classified as assets.
How would you record these?