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Life-Trust
September 26, 2019
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I would like to track the cost of several constructions. Do I need to set up for each building different CIP accounts with subaccounts for the expenses?

  • September 26, 2019
  • 1 reply
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We are building several constructions for our school and would like to track all expenses for each construction. Do we need to set up for all construction different CIP accounts with subaccounts?

Best answer by Rustler

Yes I would.  Whether you need sub accounts per project is a personal decision, I do not use them and just accumulate the total cost in the WIP (CIP) asset account

1 reply

Rustler
RustlerAnswer
September 26, 2019

Yes I would.  Whether you need sub accounts per project is a personal decision, I do not use them and just accumulate the total cost in the WIP (CIP) asset account

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