Problem: How to record Investment property in the database in case the company purchased 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 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:
At Land and Buildings tab, add object as Land/Buildings, put Amount and edit GL Account if required (or default account is populated as set at step 2).
Fill Expense, Payment Terms and Additional Information tabs and post the document.
4. In this way, property is registered as investment at chosen account:
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