5. Liabilities – Introduction

Click Mclowd’s LIABILITIES tab to enter invoices and other debts to third parties. Currently, Mclowd requires you to enter these via a Journal entry.

The LIABILITIES tab also allows you to enter new loan accounts, which can also be entered through the Bank tab.

about the author:

Lorraine Cobcroft

With a background in accounting and financial management, followed by two decades writing software documentation, Lorraine joined the Mclowd team in mid-2016 and is enjoying working with a dynamic team to enhance an innovative product that has the potential to revolutionize the way Australians manage their retirement funding. Lorraine is also an accomplished business writer, ghost-writer, novelist and short-story writer and poet.