Before you start
Use the latest lender statement or facility schedule. Debt records should show current balance and terms, not only the original amount borrowed.
Detailed steps
Open Debts > Unclassified Debt
Start from the screen named in the step and confirm the portfolio in the top bar before you change anything. If the wrong portfolio is selected, switch portfolios first.
Open the liability row
Start from the screen named in the step and confirm the portfolio in the top bar before you change anything. If the wrong portfolio is selected, switch portfolios first.
Choose the correct debt type and fill missing fields
Pick the option that matches the real-world record you are adding or reviewing. If two options look similar, use the one that matches the source document, not the one that makes totals look cleaner.
Save and confirm the row moved to the expected tab
Save only when the record reflects the source. After saving, the change can affect Net Worth, Capital Review, Forecast, exports and shared views.
Field guide
The amount currently owed.
Do not use credit limit or original principal.How interest can change.
Variable and tracker debt needs closer review.Regular cash outflow.
Use real payment frequency and amount.Asset financed or secured by the debt.
Link only when the relationship is real.Decision rules
What it adds
- Improves liability reporting and Forecast assumptions.
- Reduces unresolved review items.
What it does not do
- Classification does not validate the balance or legal terms.
- Some rows may be duplicate imports that should be removed.
Common mistakes
What to check
- Check whether the liability belongs personally or to an entity.
- Do not classify credit limit as debt balance.
Entering a clean-looking value without recording where it came from.
Ignoring currency, ownership percentage or valuation date because the total appears reasonable.
Using ordinary notes for private access information.
Assuming Classify Unclassified Debt produces advice, verification or execution beyond the workflow described here.
After you save
- Return to Net Worth and confirm totals changed as expected.
- Open Capital Review to see whether the record created, resolved or changed any review item.
- Check whether the record should affect Forecast, Investment Plan, exports or share links.
- Revisit this basics guide when source evidence changes.