QB Issue Resolution:
all costs to build out a property are part of the final cost
create an asset account called WIP-[address] and post all costs to that account
Resolution for Issue 'I am setting up QB for a real estate development company. We are in the process of building on the land. How do I record expenses such as tree removal service?' available: Yes (Solved).
Source: Intuit Community forum.
I am setting up QB for a real estate development company. We are in the process of building on the land. How do I record expenses such as tree removal service?: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.Support for all costs
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