Issue

How do I track the book cost for a property in Class? 

Resolution

You can track the book cost of property by using one of the following options:

Option 1: Tracking the property book cost via the Unrealised Capital Gains Report

Option 2: Tracking property book cost via the Depreciation Worksheet

Option 3: Tracking property book cost via Maintain Parcel Matches

Tracking the property book cost via the Unrealised Capital Gains Report

Navigate to Fund Level > Reports > Run a Report

1. Select Unrealised Capital Gains Report
2. Enter the relevant Financial Year
3. Select "NO" to Summary parameter
4. Click on Run or Preview
5. From the generated report, search for the property. 

This report shows both Accounting Treatment (known as accounting cost) and Taxation Treatment (known as tax cost).

Tracking property book cost via the Depreciation Worksheet

Navigate to Fund Level > Investments > Depreciation Worksheet

Refer to User Guide Overview of Depreciation for more details 

Tracking property book cost via Maintain Parcel Matches

If there is no depreciation worksheet in use, the cost base will be maintained in the "Maintain Parcel Matches" screen.

Navigate to Fund Level > Periodic processing > Maintain Parcel Matches

1. Search for the property holding account

Refer to User Guide Maintain Parcel Matches regarding Maintain Parcel Matches for more details.