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How to Add a New Liability

Learn how to add a liability (e.g. mortgages, car loans, etc).

Adding a liability is a little less counter-intuitive than adding an asset, due to the nature of it being open-ended to cater to a wide variety of assets/liabilities.

If you have an idea on how to better implement this or any further questions at the end of the tutorial, please don’t hesitate to post in the forum!

  1. First, you need to create the asset (or liability in this case) listing here.
  2. Next, enter a buy transaction of price 0 here.
  3. Why? Buy because you are acquiring a liability. Price is set as 0 because you will change the current value somewhere else. Another reason for price 0 is so that the P&L is straightforward.
  4. The quantity should be set to 1 in 99% of the cases, unless you have several liabilities of similar value.
  5. Finally, you want to set the current value of the liability to be a negative value. Go to the Recent Values page (view a demo here) and click Add new value.
  6. Enter a negative value (e.g. amount of the loan left or amount of the liability) in the Value per unit field.

    Tip #1: To see the demo account page, you MUST NOT be logged in.
    Tip #2: Another way to access the add new recent value page: Start from asset listing 10, click on the asset (or liability) and click on “Add new value” link.
Updated on 23 April 2021

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