I just did a cash-out refinance on a property, and I am unsure how to categorize the funds. The closest I can find might be a principal refund? This doesn’t seem correct. Can you suggest where this would be best categorized?
Had the same question as well
Following, same question.
@reed @jrvoncannon @johnmanner Good question. Refinance proceeds can indeed be categorized as “Money In” to “Mortgages & Loans > Principal Payments.” Funds received will then be reflected on your Net Cash Flow report as a positive number. If you also paid off an existing loan balance, you’ll probably want to record just the net cash out amount.