How Do I Know If Something Is a Liability?
Last Updated: 1 August, 2025A liability is anything you owe to others – money, services, or obligations. To identify if something is a liability, ask yourself: “Do I owe this to someone else?” Simple Liability Test: 1. Do you owe money? If yes, it’s...
How To Manually Add A Liability
Last Updated: 31 July, 2025This guide provides a straightforward approach to manually adding a liability, specifically a credit card, to the Know Your Dosh dashboard. By following the step-by-step instructions, customers can efficiently input essential information, ensuring accurate financial tracking. This helps to manage...
Liabilities vs. Assets vs. Owner’s equity
Last Updated: 1 August, 2025The accounting equation is the fundamental formula that shows how these three components relate: Assets = Liabilities + Owner’s Equity. Understanding Each Component: Assets: Everything you own that has value – Cash and bank accounts – Property and real estate...
Update Liabilities on Know Your Dosh
Last Updated: 31 July, 2025This guide provides a straightforward process for updating liabilities on the Know Your Dosh platform, ensuring customers can easily manage their financial information. By following the steps outlined, you can efficiently edit important details like the current outstanding amount and...
What Are Examples of Household Liabilities?
Last Updated: 7 October, 2025Personal liabilities are debts and financial obligations that individuals and families owe to others. Understanding these examples of liabilities helps you calculate your true net worth and manage household debt effectively. Common Personal Liabilities: Housing-Related Liabilities: – Mortgage payments –...
