IDG Contributor Network: Can I capitalize my system implementation or get tax advantages?

Until recently, most organizations that purchased and implemented a new accounting system would capitalize the costs associated with the application development stage of implementing the new system.They could do this if the organization physically bought the software via a multiyear license and support arrangement. For book purposes, this allowed an organization to recognize the cost of the implementation (which could be in the millions) over many years, reducing the project’s cost on any