I have been building an office to be retained within the company, the cost is spread over a number of Nominal Codes with the P/L, do I need to journal each code to the asset code or can I do it with one journal and if so what nominal code should I use to take it out of P/L??
Thanks in advance.
You can use one journal. The nominal codes will be the same ones you see in the p and l list.
So if the expense went to materials you would use the nominal for that in the journal. The corrisponding entry would be the correct asset nominal.
If all the expenses are under the same p and l headings then you can do a bulk move to the asset nominal for each of them.