What GIFI code would I use for book publishing costs..?

my client has not sold any books yet but they have published their first book and have editing and publishing costs.  I'm not sure how to code on Sched 125

Answer

This sounds to me like something which would, from an accounting perspective, be lumped in with costs of sales since it is directly related to getting the product into a position to sell it.

GIFI code 8370 (production costs other than resources) seems to cover this.

Alternatively, if you're not in agreement with the cost of sales idea, you might consider 9284 which covers general and administrative expenses (marketing and administration, office and general expenses, selling and administrative expenses). I'm no expert in this area, but I prefer the first code as the latter one seems more geared towards the costs incurred by the sales department of a business.

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