# New to STR, need a little accounting help

**URL:** <https://community.stessa.com/t/new-to-str-need-a-little-accounting-help/5758>\
**Category:** Setup & Support\
**Created:** [March 12, 2022, 5:04pm UTC](https://community.stessa.com/t/new-to-str-need-a-little-accounting-help/5758 "2022-03-12T17:04:50Z")\
**Posts on this page:** 2\
**Page:** 1

<div class="post-metadata">

**Author:** ![bethwalker62](https://avatars.discourse-cdn.com/v4/letter/b/f6c823/32.png) [@bethwalker62](https://community.stessa.com/u/bethwalker62)\
**Post date:** [March 12, 2022, 5:04pm UTC](https://community.stessa.com/t/new-to-str-need-a-little-accounting-help/5758/1 "2022-03-12T17:04:50Z")

</div>

Hi All. Attempting to do things on my own. Once I learn how to do things, I’ll be set, but there is a lot to know. The very first thing I am confused on is how to categorize the actual purchase of my rental property. There doesn’t seem to be the perfect fit for it. I figured out where to put loan costs, and closing costs. Would the actual loan amount go under CapEx, new aquistion?  
How do I account for the 20% down?  
Thanks for any help.

---

<div class="post-metadata">

**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:** [March 22, 2022, 2:51am UTC](https://community.stessa.com/t/new-to-str-need-a-little-accounting-help/5758/2 "2022-03-22T02:51:26Z")

</div>

@bethwalker62 While there’s no substitute for the advice of a qualified CPA, this help article will help get you started:

> **[Track Purchases, Sales, and Refinances](https://support.stessa.com/en/articles/5121179-track-purchases-sales-and-refinances)**
>
> Accurately log and report on new acquisitions, mortgage and loan refinances, and property sales. Run an IRR calculation in Excel.