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Level 1

I am a real estate developer. I buy lands and develop villas in it to sell it off. How to set up this process to keep a track of all the expenses and profits/sale?

My transaction business transactions are as such: 1. I buy land. (Expense). 2. I pay construction monies to build a villa on the land. (Expense). 3. I pay for accessories such as AC/KITCHEN/FURNITURES ETC. (Expense). 3. I sell the finished estate to a customer. (Income).
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Moderator

I am a real estate developer. I buy lands and develop villas in it to sell it off. How to set up this process to keep a track of all the expenses and profits/sale?

Hi there, sheikhislam.

 

Looks like you've posted this question twice in the system. Let me route you to the duplicate post where my colleague has already share an answer. This link will route you to the said post.

 

Come can visit us again if you u have other questions. I'd be more than happy to help. Have a good one.