Problem: How to entry Construction Work in Progress of Fixed Assets without charging Depreciation?
Solution: Use one of two entries for costs of Construction-in-Progress as shown.
1. For purchase of inventory, allocate its costs with Invoice Received document 4.2.3. Invoices Received document.
At Inventory tab, change Item's GL Account to GL Construction in Progress:
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2. For already accrued expenses, create Other Expense7.5.4. Other Expenses (Reversal) document to allocated costs to Construction-in-Progress.
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NOTE In case, if Automatic Depreciation of these Fixed Assets is needed on monthly basis, accept Fixed Asset for accounting by Fixed Asset Entry document.
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