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 and select the liability
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 edit details
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.
Enter the current balance, statement date and any changed terms
Enter the values exactly as they appear in your source material. Include enough detail that you or an advisor can later understand what the record is and why the value is credible.
Save and review Net Worth plus Forecast
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
- Keeps leverage and net worth current.
- Improves debt-service and liquidity projections.
What it does not do
- Updating balance does not import payment history.
- The app does not verify the lender statement.
Common mistakes
What to check
- Do not enter original principal as current balance.
- Check whether rate or payment changed at the same time.
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 Update a Debt Balance 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.