Liabilities are items owed by the institution. They could be money or a service that must be performed. Create one by going to:
Menu > Administration > Finance > Asset Liability Management > Liability
- Click Create.
- In the Title field, enter the name of the liability.
- In the Description field, enter a short description about the liability.
- In the Amount field, enter the value of the liability.
- Click the Save button.
You can easily make changes to or remove a liability by clicking on edit or delete.