<title>Adjust the balance of a liability account</title>
<category>accounts</category>
<klink type="prcdr">How do I adjust the balance of a liability account?</klink>
</index>
<content>
<ol>
<li>On the <emph>Accounts & Bills</emph> menu, click <emph>Account List</emph>.</li>
<li>Click the appropriate account.</li>
<li>In the left pane, click <emph>Update amount owed</emph>.</li>
<li>Enter a one-time balance adjustment or your liability transactions.</li>
<ul>
<li>To make a one-time balance adjustment, enter the new balance and corresponding date for your liability account, specify the category (and subcategory, if one applies), and then click <emph>OK</emph>.</li>