Skip to main content
All CollectionsGeneral
How do liabilities work?
How do liabilities work?

Explaining liabilities in Wealthbit.

Arrie Pieterse avatar
Written by Arrie Pieterse
Updated over a year ago

How do liabilities work in Wealthbit?

Wealthbit allows you to capture liabilities in the "Liabilities" tab on the client dashboard or in scenario planning. Once a liability is captured, it becomes available to other parts of the system, such as FNA assessments.

However, it's important to note that liabilities are not included in the capital projections at this point. The only exception to this is the liability value captured directly on the investment property asset. This value is used in calculating the monthly premium, income, and annual change in net equity of an investment property.

To capture a liability, simply navigate to the "Liabilities" tab on the client dashboard or in scenario planning. From there, you can enter the details of the liability, such as the type of liability, its value, and its interest rate.

It's important to keep your liabilities up to date in Wealthbit to ensure accurate financial planning. By capturing all of your liabilities in the system, you can get a clearer picture of your overall financial health.

If you have any questions about how to capture liabilities in Wealthbit, please don't hesitate to reach out to our customer support team. We're always happy to help!

Did this answer your question?