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Categories AgExpert Accounting AgExpert Analyst
Created by AgExpert Support
Created on Jul 17, 2015

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What would be the best way to set up an account for a construction project that will be a capital asset? I have a bunch of different expenses from contractors, etc but I want to be able to keep the project under one general "sub account" so I can track it and report it as a single capital cost.

  • ADMIN RESPONSE
    Feb 10, 2025

    Hi Greg, I recommend entering the additions/purchases as Withdrawals, type A+, towards a detailed account you can make called Construction Project (or a name along those lines). You can transfer the money out of that account and capitalize it once the project is finished.

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