Issue
When processing a Property Capital Improvement event
Navigate to Entity Level > Transactions > Investment - Buy > Property Capital Improvement
A warning message will appear: Please add this investment to the Depreciation Worksheet if using one.
Troubleshooting
Adding a new property capital improvement event will increase the cost base of the property. The warning message provides a reminder to add a new fixed asset in the depreciation worksheet to prevent residual book cost. If you are not using depreciation worksheet, you can ignore the message.
Resolutions
Navigate to Entity Level > Investment > Depreciation Worksheet
- Select the Property Tab
- Click on Create New Fixed Asset
- Input relevant asset details (per User Guide: Adding Assets to a Depreciation Worksheet)