We recently acquired a real estate subsidiary that buys real estate then sell it, leases it or improves it first before selling. Accounting-wise, they are inventory to us and not fixed assets. With that, I have a couple of questions 'cause it seems like NS isn't for real estate companies: 1. Will the FAM module be useful to us? Seems no since we do not actually depreciate the real estate inventory? 2. If we want specific costing, then we would need serialized inventory, right? 3. How do we accumulate the inventory costs? Like improvement costs? Inventory adjustments will not work since the quantity isn't affected. Inventory adjustment worksheet won't work too if we use serialized inventory. Landed costs may not too 'cause the additional costs can be for several months after acquisition.

I think FAM will be useful here, even without depreciation. specific costing can be added through asset revaluations. No need for inventory item of any kind. Create bill for any service/modifications/improvements performed on property (service/other charge items), link Bill to the asset (related asset field on line level), then perform revaluation in FAM module for associated dollar amounts. If property gets Leased, you can tag asset as 'leased' and track additional information there regarding contracts etc. If you sell it, you dispose of the asset through a sale, and it will auto create the invoice.