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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 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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