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Capital and revenue expenditure

LeeChauLeeChau Member Posts: 1

Hi,
Can I distinguish capital expenditure and revenue expenditure in Wave? i.e. for stamp duty which is only deductible when I resell specific property。Thank you.

in Accounting Technical Support

Comments

  • NicoletteBNicoletteB Member Posts: 122 ✭✭

    @LeeChau Let me know if I am off-base on this but it sounds like you are trying to account for things on a more inventory/property management level. We don't offer this feature explicitly but many users use this workaround when it comes to keeping track of selling and buying prices. As well, Wave is customizable so that you can create any type of account you would like!

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