Every posting cites its governing paragraph. A position and a citation, not accounting advice.
TokenCapEx
The posting ledger for token, compute and inference spend

Post your token spend to the right ledger line

Describe the instrument you just signed. The LedgerPost writes the double-entry posting, stamps the verdict, and cites the paragraph that governs it, under US GAAP and IFRS.

PostingSplit
CapEx / Balance sheet
DrPrepaid compute (asset)
DrSoftware asset (intangible)
CrPrepaid compute (asset)
OpEx / P&L
CrCash

Book the commitment as prepaid at signing, then reclassify the drawn-down capacity used in the application-development stage of an internal-use build to the software asset. The rest hits expense as consumed.

Capitalizable share50 - 60%
CapitalizeExpense
Amortized across the commitment term
Y1
Y2
Y3
The direct answer

Token CapEx is treating LLM token, compute and inference spend as capital expenditure that can sit on the balance sheet, capitalized and amortized over the commitment or useful life, rather than defaulting to operating expense. Under US GAAP, ASC 350-40 permits it for internal-use software in the application-development stage, now gated by ASU 2025-06; production inference is expensed or booked to cost of revenue. IFRS routes it through IAS 38.

Three ways in, one ledger

The instrument index

Questions a FinOps lead types

What is Token CapEx?
Token CapEx is treating LLM token, compute and inference spend as capital expenditure that can sit on the balance sheet, capitalized and amortized over the commitment or useful life, rather than defaulting to operating expense. Development-window build cost can capitalize under ASC 350-40 and IAS 38; production inference is expensed or booked to cost of revenue.
Is a reserved compute commitment CapEx or OpEx?
Neither at signing. A signed commitment is a prepaid asset, not consumption. It unwinds to expense, cost of revenue or a capitalized asset as capacity is drawn down, under ASU 2018-15.
Can we capitalize LLM training costs?
Yes, when the run develops buyer-owned internal-use software and the ASU 2025-06 probable-to-complete threshold is met with no significant development uncertainty. Exploratory or novel runs are expensed as research.
How does US GAAP differ from IFRS on the same token spend?
US GAAP uses the ASC 350-40 internal-use model gated by ASU 2025-06; IFRS uses the IAS 38 research-versus-development split. Cloud configuration diverges most: ASU 2018-15 permits capitalizing implementation, while the IFRIC March 2021 decision generally expenses it.

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