Problem: How to record
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property purchase in
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case if the company
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purchases real estate as part of its investment?
Solution: Use Land and Building settings to purchase property.
1. Operations with Land and Buildings are available if option in General Settings is enabled (Accounting > Master Data > Land and Buildings):
2. Go to Accounting > Master Data > Land and Building to create a new object:
Add Description and required Information:
Please edit GL Accounts as shown here here 7.1.4.1. Land and Buildings. GL Accounts
3. Create Invoice Received to record purchasing of the asset with Transaction Type Land and Building Purchase:
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