Church construction.

by Carlos
(Katy texas)

We are a non profit organization. We purchased our land in cash and we recorded the transaction to fixed asset.

We are now building our church on said property and have been recording all the expenses of construction as a construction expense.

Question: How do I record the value of the of building in the fixed asset section? Or should I have been doing it as we paid the expenses in construction? Thank you

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Church Accounting FAQs.

Need training on how to use QBO or Aplos effectively for a church or better yet ...need an expert in either of those accounting software to do your monthly bookkeeping and/or payroll? See more on our accounting services!

Enjoy this page? Please pay it forward. Here's how...

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.