Hankintamenoja

Hankintamenoja are costs associated with acquiring goods, services, or works for an organization. They include not only the purchase price but also other expenses necessary to bring the item or service into usable condition, such as delivery, handling, installation, testing, commissioning, and related fees. The term is used in Finnish accounting and procurement contexts, and the singular form is hankintameno.

The scope includes tangible assets, software licenses, construction projects, and contracted services. Hankintamenoja cover direct costs (the price paid) and indirect costs (transport, insurance, installation, commissioning, project management). They may also include non-recoverable taxes and other mandatory charges that form part of obtaining the asset or service. Running costs and maintenance are generally not hankintamenoja.

Accounting treatment: If the expenditure qualifies as a fixed asset, hankintamenoja are included in the asset's acquisition cost and depreciated over its useful life. If the expenditure is for a service or consumable that does not become a capital asset, it is expensed in the period as a hankintameno.

In many organizations, hankintamenoja are planned in procurement budgets and reported in financial statements under asset acquisitions or procurement expenses. The distinction between capitalized costs and operating costs influences budgeting, depreciation, and financial reporting.

Etymology: hankinta means acquisition and meno means expense or outlay; hankintamenoja is the plural form used when referring to multiple such costs. The concept is central to procurement and asset management in Finnish accounting.