Step 10 - Liabilities

The Liabilities tab allows users to enter the client's current liabilities.

The Liabilities tab will only be visible if the Client Type is set to Individual.

Selecting Joint Owners - Click here to expand...

If you have added other client contacts on the Contacts tab (Step 3 - Contacts), they will appear in the Joint Owners list.

Before clicking the right-arrow button to add a liability, double-click a contact in the Joint Owners list to indicate that a liability is jointly owned.

Note: a tick next to the contact in the Joint Owners list means that when a liability is added, the contacts with a tick will also have a link to the liability.

Adding a Liability - Click here to expand...

Enter the liability details.
Click the right-arrow button () to move the liability into the Liabilities list on the right-hand side of thedialog.

1. To remove a redundant or incorrect liability, select the liability from the Liabilities list and click the left-arrow button ().
2. A user cannot remove a liability from the Liabilities list that is an encumbrance for an asset. This form of liability can only be edited from the Asset that created the encumbrance (Step 9 - Assets).

IMPORTANT CONCEPTSLiability Type: use the Space Bar to toggle between Liability and Expense.

Process Navigation

Create a New Client	General	Address\ Telephone	Contacts	Marketing	Services
	References	Accounts	Employment	Assets	Liabilities