Often times, there are transactions that don’t quite apply to one specific property. Rather than assigning that transaction to one property in particular, we can assign it to your entire portfolio.
For example, let’s say you purchase some printer paper or a new ink cartridge, to be used to print lease agreements for ALL of your properties. You could classify this transaction as “Office Supples” and then apply it to your “Entire Portfolio”.
This way, the transaction is still tracked for tax purposes, but it doesn’t affect the cap rate or NOI for one property in particular.