It is worthwhile bringing equipment (such as a computer, mobile phone or equipment) as an asset into the company, as you will be able to claim relief for this against tax. Currently the allowance for the first year the asset is in the company is 100%, meaning the whole cost will be set against your taxable profit, reducing your corporation tax for that year.
In order to set this up on Crunch all you need to do is enter as though an expense, choosing the business bank account as payment method if you bought it from the company account, or Director's Expense if you paid for it personally and are "paying yourself" back for this expense. Then from the "Expense Type" drop down select Equipment Cost under the "Fixed Asset" heading, and complete the rest of the details for the cost. The Crunch system will do all the rest and will apply all the allowances over the lifespan of the asset!
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