I took accounting eons ago, am fairly familiar w/ many OTHER computer applications and somehow ended up as church treasurer for a 2-year stint. In my term's interim, we have constructed a new building and I need to reflect the new building value. I cannot locate any "appreciation" subject on the QB help index. I believe that I will have to journal the updated (according to the county assessor's estimate) value. Whenever I make a journal entry, it inevitably requires 2 steps because I always credit/debit backwards and have to go back and correct it. I know what account to credit (debit?) for the building's increase in value in this instance but am unsure what [type of] account to offset it.
I'm not sure why you're doing that entry. Normally the building and improvements are carried on the company's books at cost, not market value. Entries are made each year for Depreciation, not Appreciation. Normally church treasurers are keeping track of the various church funds and programs and the uses of the cash and donations received. Did you look in the Help Index under Non Profit Entities?
