Good Morning All,

Compliments for 2018, Wishing you all a prosperous year!

I need insight/assistance in accounting for the following, kindly guide me...

We are busy erecting a building which will benefit all projects. We are running an NGO, lets call it ABC it is the main organisation. Under it, Various individual donor projects are managed and operated. Lets call them Project 2, Project 3, Project 4 and Project 5.

All these projects 2 to 5 contributed towards the building, recognising expenditures within these projects. What accounting entries should one pass to recognise the building as a whole in the main organisation ABC, yet recognising the asset interest within ABC at individual project level. As of now, these costs are expensed in the various projects.

Hope my explanation is clear...thanking you in advance!

BR,
Nakwila