HOW : Activities...Add a liability.
Allows you to add / edit liability entries for the selected estate. A liability is an expense that existed and was unpaid at the time of death.
Liability properties explained...
Choose (or type in) the creditor for this liability (who the money is owing to). If the name of the creditor has not been entered before, you'll be asked if you want to add them to the address book.
Enter a description for the liability. E.g. Funeral Account.
Enter the date of this liability is entered. Normally this is the date on the bill.
Enter a value for the liability. This can be an estimated figure if you don't know it.
Enter the date that the liability was paid.
Select the cash account from which the liability was paid.
If the value paid is different from the value originally entered (If the original value had been estimated), then enter the value actually paid out. If the paid value is not entered, the Probate Plus will use the "value" entered (see above).
Put a mark in the checkbox to mark this posting as reconciled - i.e. agrees with your internal office accounts system.