Entering liabilities?

RogerAgain

How do I enter Liabilities? Assets were easy.

Telephony

Hi,

On MoneyLine, you have the following transaction types:

Deposit - Deposit income into this account.
ATM - A withdraw from an ATM machine.
EFT - An electronic funds transfer.
Check - A written and numbered check.
Purchase - Point of sale purchase.
Transfer - A transfer to another account.

There is no Liability option, but you can always use the Category and Sub Category to classify your liability, for instance: you can use "Loan" from the Category case or create a new Category call "Liability" from the top menu > Category+ icon.

Best regards,

RogerAgain

Why is there a Liabilities total at the bottom of the left column if there is no way to enter them?

Telephony

Hi,

Is not included on the Category case listing, but transactions that are related to liabilities will be allocated on this section, for instance: Credit Card transactions, dues, education...will be allocated and classified as Liabilities. Do some test entries and confirm, latter on you can delete if necessary.

Regards,