Investment Ledger - Improvement Event
The event is used to add additional expenditure to an existing property investment
What to enter
- Reference
- A reference can be entered if required
- date
- A date for the transaction is mandatory
- Improvement
- Enter the amount of the additional expenditure
- Fees and Fee Account
- Enter any fees paid associated with the transaction and select the expense account to record them to
- Supplier
- Select the provider
- Bank Account
- Choose the bank account to record the payment.
Accounting Entry Structure
The transaction will be based upon a payment transaction as the investment is being purchased. So Credit (Reduce) bank account and debit (increase) the investment holding account and fees expense account