We have an internal software development team. They develop new products, but they also maintain existing products. What costs get capitalized? Does all development for new products get capitalized? Is there any discretion. For example, if the product is an add-on to an existing solution, does that matter. We would prefer to take the expense in the current year to reduce taxable income, but I'm not sure if that is permitted. What about the maintenance work? Is software maintenance work (done by the same people) always an expense? Under what circumstances would it be capitalized? I need to know the GAAP treatment.

accounting software-development gaap

asked by boris89

I recently left my job as a compliance officer at a financial services firm to join a compliance software company as a domain expert. The jump is larger than I expected. There is a lot about the software development process that eludes me. I am trying to understand what product management is or rather what its role is so I can produce better work product.

product-development product-management software-development

asked by mmendez

We are considering a substantial enterprise application development effort. The application will be multi-tenant, global and highly configurable. Most of our internal team supports SQL. But it would be help to have another perspective, especially if its objective.

database-administration software-development software sql

asked by ktanner