I am trying to add a pole shed being built as a capital asset. Owner is purchasing material from one place and getting it constructed by a private carpenter. How do you add to the cost of the capital asset as there are separate entries - one cheque for material and the other for the construction.
ADMIN RESPONSE
Feb 10, 2025
You will need to use an asset account to accumulate the costs of construction and then once the project is complete, transfer the funds out of the asset account to add the Capital Asset to your books. http://community.fccsoftwar...
