I’m new to the Stessa website. I am trying to record my earnest money payment, but doesn’t know what category to use.
According to this post: Understanding the categories, closing costs, loan costs , it seems that I should use “Capital Expense → Closing Costs”.
But when I choose this, it doesn’t show up in the balance sheet (I expect it to be in my balance sheet → asset). I also tried “Transfers > Down Payments”, but it’s the same, it doesn’t show up as my asset in the balance sheet.
So what’s the correct way to categorize this transaction? Thanks.