Is this true for other SaaS as well that aren't cloud related? For example, I run a yoga studio and I'm wondering how to categorize my CRM (we use MindBody) or how to categorize the studio subscription to Spotify (an online music streaming service). So they aren't things I'm holding documents on, but the service does stop if I don't pay monthly.
Is there a disadvantage or advantage tax-wise to putting them in the chart of accounts under "Other expenses" or under "Rent"?
Thank you!
Morgan
