Create a liability account

1  On the navigation bar, click Accounts.
2  At the bottom of the screen, click New Account. The New Account wizard appears.
4  Enter an appropriate name in the Bank or Financial Institution field, then click Next.
5  Choose Liability as the kind of account.
6  Follow the instructions on the screen.

After youÆve created the liability account, enter each increase or decrease as a separate transaction.


How do I enter a change in the liability amount?

What kind of loan should I set up?