How do I record capital costs? I have a rental property, I am doing a large renovation. How do I set up the accounts and enter the expenses. Do I have to use the GL?

Hi there,

Congrats on your first post in the Community! Making sure you're recording a transaction the right way is good for preventing discrepancies in the future. 

I recommend contacting an accounting professional. If you're not in contact with one, I encourage you to search for one on our website using this link here. Doing this will help prevent any future discrepancies. Let me know if you have other questions. I'm here to assist.