tag:infinitekind.tenderapp.com,2009-01-14:/discussions/general-questions/444-setting-up-a-liability-accountInfinite Kind: Discussion 2018-10-18T13:54:04Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/2795452009-07-30T01:11:30Z2009-07-30T01:11:30ZSetting up a Liability account<div><p>Hi</p>
<p>Create a new liability account by clicking Account->"New
Account"</p>
<p>Set the type to be Liability.</p>
<p>Give the account a name, e.g. "Debt"</p>
<p>Set the initial balance to be the value of the liability.</p>
<p>To pay the liability click on your checking account on the home
page.</p>
<p>Click the new transaction button.</p>
<p>Enter a transaction and select the liability account from the
category list in the category column.</p>
<p>Enter the amount in the payment column.</p>
<p>See the attached screen shot.</p>
<p>Sincerely</p>
<p>Ben Spencer</p></div>Ben Spencertag:infinitekind.tenderapp.com,2009-01-14:Comment/2795452009-08-03T01:42:08Z2009-08-03T01:42:08ZSetting up a Liability account<div><p>Your reply helped me thank you.</p></div>Robert K. Tompsett