User Support Forum

I am trying to increase our asset value for various remodeling projects. Am I right in thinking that I should debit an asset account and credit our equitity account. My question is do I need a seperate asset account set up for remodels. How do I do this so that it increases the value of the building?

We began our church in 2000 and purchased powerchurch software in 2008. We actuall began using powerchurch beginning January of 2008. At the time we started inputing powerchurch we did not key our assets i.e. building, sound equipment, chairs, pews etc. Our church is currently trying to refinance it...

When our accounting was originally setup we unfortunately did not enter any assets. Now I am trying to figure out how to enter in an asset where it will show up and be listed on a balance sheet. Is it possible to do this after the inital accounting walk through without starting the accounting proces...