Open A Liability Account

To Open A Liability Account:

1. Display the Income & Expenses window as outlined in About Income and Expenses.

2. From the Quick Entry selection box located on the right of the Income & Expenses window choose Open Acct. From the Open Acct menu choose Liability. The Liability Setup dialog box is displayed.

3. Enter the Account Name.

4. Enter the Purchase Price.

5. Enter the Finance Amount.

6. Enter the Monthly Payment.

7. Enter the Loan Term months.

8. Enter the Interest Rate percentage. (Do not use decimals.)

9. Enter the Current Balance.

10. Click Done to save and exit the liability setup.