Skip to Main Content
Community Forum Portal/Portail du forum communautaire
Status Answered
Created by AgExpert Support
Created on Jan 11, 2017

Disqus Agexpert Accounting Questions Archive

Under capital assets I have more than 1 entry on building a shop over time. How do I merge these assets

  • ADMIN RESPONSE
    Feb 10, 2025

    Hi Allan, typically we would post each of those items to a single asset account called "Shop In Progress" or something like that and then when the project is completed, clear the Asset account and enter our Capital Asset purchase. There is no way to merge one capital asset into another. What you might consider doing is entering a zero dollar transactions to sell each of the current assets at their entry price and then doing a single C+ line to balance the transaction and record the new shop as a single capital asset.

  • Attach files