Construction Work-in-Progress is a non-current asset account in which the costs of constructing long-term, fixed assets are recorded. The costs associated with CIP are capitalized and recognized as assets on the balance sheet until the construction project is completed.
Depreciation will begin after the asset is put into service.
New GL are available in chart of account under Non current asset > Property, Plant and Equipment.
The GL accounts can added in the default chart of accounts of Fixed asset.
The ability to work with these accounts was added to documents that are used for expense recognition: Invoice Received (the Expenses tab), Employee Expense Report (the Expenses tab), Loan Agreement, Processing of Current Loans, Inventory Write Off, Bank Payment, Cash Payment, Cheque Issued, and Other Expenses.