Yes. Worthic provides a cost-base register for each property, allowing you to record individual costs, attach supporting documents and view a running total. You can also import existing records and generate reports for your records or accountant.
On the web
1. Open Real estate and select your property.
2. Choose Manage cost base.
3. Select Add → Add cost base item.
4. Enter the date, description, category and amount, plus the payee if applicable.
5. Attach supporting documents, then select Add cost base item to save.
To bring in existing records, choose Add → Import cost base. You can export the register using the CSV control or generate a Cost base report from the property’s reports.
On mobile
1. Open More → Real estate and select your property.
2. Under Manage property, tap Cost base. If tracking is disabled, tap Set up now and complete the setup.
3. Tap Add cost-base item.
4. Enter the date, description, category, amount and optional payee.
5. Add supporting documents under Attachments, then tap Save changes.
To update an existing entry, open it in the property’s cost-base register and save your changes.
You can also create cost-base items while editing a property expense transaction. Select the property’s reporting line, then choose an eligible category under Capital items: Renovations and improvements, Capital repairs, Purchase costs, Closing costs or Sales commission.
- Web: Select Add CGT cost base item, enter the item details and amount, then add the item.
- Mobile: In Property cost base items, tap Add item and enter the item details and amount.
You can add multiple cost-base items to a transaction and record their full cost, even when the transaction represents only a deposit or partial payment. Each item must have a positive value. For a split transaction, add the items to the relevant property component.
Save the transaction to save the items to the property’s cost-base register and link them to the source transaction.