Capital Expenses are handled a bit differently than other expenses in Stessa. Two additional fields are available to help you and your CPA track capital items: Useful Life and Date Placed in Service.
Take advantage of these custom fields! Navigate to your Transactions page. Add a new Capital Expense manually with the “+ Add” button or categorize an existing expense as “Capital Expenses” and then select it and click the “Edit” button. You’ll see the two custom fields available in the modal window.
Next, run the “Capital Expenses” report to see each line item along with its date placed in service and useful life. Also check out this demo video for a quick tutorial…