What You Should Do

By Larry Barrett  |  Posted 2002-07-02 Print this article Print

Expenditures of public companies are getting closer scrutiny. When will there be accounting for information technology?

Accounting for IT Spending

How to know when to say "when" to adding more servers:

  1. Think it through. Determine what the final information is that you want to track and then work backwards from that
  2. Identify "soft costs.'' Find the cracks where unexpected expenses will materialize and determine which department will be responsible for those costs
  3. Communicate, communicate. Make sure all employees know what data needs to be gathered and reported
  4. Do due diligence. Review how your current systems account for costs
  5. Review contracts. Examine agreements with suppliers and consultants to make sure all costs are reported fully and regularly

Senior Writer
Larry, of San Carlos, Calif., was a senior writer and editor at CNet, writing analysis, breaking news and opinion stories. He was technology reporter at the San Jose Business Journal from 1996-1997. He graduated with a B.A. from San Jose State University where he was also executive editor of the daily student newspaper.

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