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Entering liabilities?


RogerAgain

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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,  

 

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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, 

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