# LLC transactions, not property specific, portfolio-level expenses **URL:** \ **Category:** Setup & Support\ **Created:** [April 4, 2022, 5:40pm UTC](https://community.stessa.com/t/llc-transactions-not-property-specific-portfolio-level-expenses/6091 "2022-04-04T17:40:58Z")\ **Posts on this page:** 7\ **Page:** 1
**Author:** ![gmoilanen8888](https://avatars.discourse-cdn.com/v4/letter/g/48db29/32.png) [@gmoilanen8888](https://community.stessa.com/u/gmoilanen8888)\ **Post date:** [April 4, 2022, 5:40pm UTC](https://community.stessa.com/t/llc-transactions-not-property-specific-portfolio-level-expenses/6091/1 "2022-04-04T17:40:58Z")
New to Stessa this week. I have setup all my properties in Stessa. I have back-recorded all transactions starting 1/1/2022. I now have many transactions which are not specific to a Property. How do I reflect these? My initial thought was to set up my address with $1 purchase and $1 valuation and record all LLC transactions(expenses) here. Any help is greatly appreciated! -George ---
**Author:** ![candslegacy](https://avatars.discourse-cdn.com/v4/letter/c/edb3f5/32.png) [@candslegacy](https://community.stessa.com/u/candslegacy)\ **Post date:** [April 12, 2022, 7:18pm UTC](https://community.stessa.com/t/llc-transactions-not-property-specific-portfolio-level-expenses/6091/2 "2022-04-12T19:18:04Z")
I would also be interested in this. I have a single LLC that will incur costs that are not property specific, but the only purpose of the LLC is to be the beneficiary of each land trust. Do I need to use completely different software to record these occasional non-property specific transactions? ---
**Author:** ![jaimearroyo45](https://avatars.discourse-cdn.com/v4/letter/j/ed8c4c/32.png) [@jaimearroyo45](https://community.stessa.com/u/jaimearroyo45)\ **Post date:** [April 14, 2022, 1:58pm UTC](https://community.stessa.com/t/llc-transactions-not-property-specific-portfolio-level-expenses/6091/3 "2022-04-14T13:58:02Z")
Hello all, I’m new to STESSA, Great Product!! I am also interested in categorizing transactions not specific to a single property. A couple of examples: - bank service fees - LLC fees such as annual report. Please advise how we can track these transactions. Thank you! ---
**Author:** ![gmoilanen8888](https://avatars.discourse-cdn.com/v4/letter/g/48db29/32.png) [@gmoilanen8888](https://community.stessa.com/u/gmoilanen8888)\ **Post date:** [April 14, 2022, 2:28pm UTC](https://community.stessa.com/t/llc-transactions-not-property-specific-portfolio-level-expenses/6091/4 "2022-04-14T14:28:27Z")
I have set up a new property which I named in Stessa with the same name as my LLC. I valued it at $1 and assigned a cost of $1. I now enter all my LLC costs(transactions) under this “property”. I have used it for meals, advertising, business cards, LLC fees etc… George Moilanen 248.417.1854 ---
**Author:** ![devin](https://yyz2.discourse-cdn.com/flex032/user_avatar/community.stessa.com/devin/32/8_2.png) [@devin](https://community.stessa.com/u/devin)\ **Post date:** [May 10, 2022, 4:29pm UTC](https://community.stessa.com/t/llc-transactions-not-property-specific-portfolio-level-expenses/6091/5 "2022-05-10T16:29:26Z")
The approach you’ve all taken here will certainly work, but may have other unintended consequences in terms of notifications for incomplete property info, etc. The best practice is actually to use “portfolio expenses” and simply assign these expenses at the “portfolio-level” instead of to a specific property. Here’s how it works: > **[Assigning Transactions & Reporting: Portfolios, Properties, and Units](https://support.stessa.com/en/articles/3840221-assigning-transactions-reporting-portfolios-properties-and-units)** > > One of Stessa's core features is the ease with which you can track and report on income and expenses by portfolio, property, and/or unit. ---
**Author:** ![opcrealty](https://avatars.discourse-cdn.com/v4/letter/o/65b543/32.png) [@opcrealty](https://community.stessa.com/u/opcrealty)\ **Post date:** [January 6, 2023, 9:10pm UTC](https://community.stessa.com/t/llc-transactions-not-property-specific-portfolio-level-expenses/6091/6 "2023-01-06T21:10:44Z")
If you assign a transaction to a portfolio expense, it doesn’t appear that you can run an end of the year report solely on the non-property specific entries. If you do it at the portfolio level, it includes all of the properties within that portfolio. I’m trying to do that now for my accountant, but I cannot get a printout of just the general LLC business expenses. I’ll have to follow George’s suggestion and reassign those entries to the phantom property. ---
**Author:** ![dbaumy](https://avatars.discourse-cdn.com/v4/letter/d/5fc32e/32.png) [@dbaumy](https://community.stessa.com/u/dbaumy)\ **Post date:** [January 14, 2023, 12:10pm UTC](https://community.stessa.com/t/llc-transactions-not-property-specific-portfolio-level-expenses/6091/7 "2023-01-14T12:10:05Z")
I just noticed that assigning portfolio level expenses to “Portfolio” does not equally distribute these expenses across all of my properties. I’m going to have to go back and use ‘splits’ for each expense. I really like Stessa, thank you! Dave