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JakeHolmer
Level 1

How do categorize Capital Costs / Capital Expenses?

Hello Community,

 

I'm using QB Essentials and manage a rental property portfolio.  We just finished performing major renovations on one of our properties and would like to categorize the bill as a Capital Cost or Expense; however there is no category in the chart of accounts.

 

How are others categorizing capital expenditures?

1 Comment 1
gayatriluthfias20
Level 7

How do categorize Capital Costs / Capital Expenses?

hi @JakeHolmer , thank you have posted in quickbooks community.

 

You could entry in other expense account and add some necesssary information as a capital expenditure or setup new capital expenditure account. Here i give you articel about how to create new account in QBO.

 

Nice to assist you.

 

 

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