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edwood79
Level 1

Need help setting up chart of accounts for new construction

Hello! I'm building multiple spec homes and need help setting up chart of accounts for: build money spent. It's spent 2 different ways - charged on one of my own accounts and then reimbursed through a title company, or simply paid directly by a title company, at my direction. When that happens, my new construction loan is then increased by the same amount. I understand how to process the loan, but am hung up on managing the draws and unreimbursed expenses and when they are reimbursed. Thank you so much for any help!

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