Telephone, Internet, Computers & Mobile Charges: Codes 7550, 7551, 7552 & 7553

Every modern business runs on connectivity and computing in some form, and this block of codes keeps those costs visible and separate from general office running costs.

The codes, and what each one holds

Code 7550 — Telephone and Fax records landline and fax line costs.

Code 7551 — Internet Charges covers broadband and internet connectivity costs.

Code 7552 — Computers & Software covers computer hardware purchases too small to capitalise as a fixed asset, plus software licences and subscriptions.

Code 7553 — Mobile Charges covers business mobile phone contracts and usage. All four are Overheads codes and normally carry a debit balance.

A worked example

Say a business pays £40 for its office landline, £55 for broadband, buys a £180 laptop for a new starter, and pays £120 across its staff mobile contracts this month.

Telephone and Fax (code 7550): £40 debited.

Internet Charges (code 7551): £55 debited.

Computers & Software (code 7552): £180 debited (assuming it's below the business's capitalisation threshold for fixed assets).

Mobile Charges (code 7553): £120 debited.

Why this matters day to day

IT and connectivity spend tends to grow quietly as a business adds software subscriptions and devices, so keeping it in its own visible code is a useful check against subscription creep. It's also worth deciding early where the line sits between an expensed small purchase here and a capitalised fixed asset in Office Equipment (code 0030), since larger computer purchases are usually better treated as assets rather than run through this code.