typically during the remodeling process you post costs to an asset account called remodeling, then when the job is finished the balance in the remodeling account is moved to a fixed asset account if appropriate.  Depreciation starts on the date the remodeling is done and placed in service – so […]

Resolution for 'best place issue: 'I have a Hair Salon and are remodeling. Where is the best place to post the invoices/payments on the chart of accounts? Do I create a new expense account? Thanks! Becky' available: Yes.

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