<klink type="cncpt">Tell me about liability accounts</klink>
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<p>Use liability accounts to track money you owe other than amortized loans and credit card debt. For example, use a liability account to track short-term loans or money you've borrowed interest-free from your parents. Tracking this information can give you a more accurate picture of your net worth. In a liability account, you can:</p>
<ul>
<li>Enter payments you make to pay off the liability.</li>
<li>Enter increases in liability amounts.</li>
<li>Track your credit limit.</li>
<li>Track your current and running balances of how much you owe over time.</li>
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<p>Use a loan account to track interest-bearing debts.</p>
