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Choose Asset or Liability Type

This assets and liabilities list allows you to choose the type of asset or liability from the predefined selections. You must set asset or liability type for new assets or liabilities. You can group assets and liabilities on the Net Worth report by type, and some financial planning integrations use these types.

To choose an asset or liability type: 

1. Open the account, asset, or liability you want to edit.

2. Find this setting on Assets and Liabilities or the Aggregated Accounts page.

3. Choose the type from the available list. You cannot create new types. The available options map directly to corresponding asset and liability types in financial planning software, such as MoneyGuide.

4. Click Save.

For more information about manually adding assets, see Assets and Liabilities.

For more information about managing Households, see Learn More About Households.