How to enter liabilities into other assets?

faq

#1

Recently, the other asset feature have been introduced and it is not intuitive on how to enter a liability.

Here, I attempt to explain how to do that based on my interpretation. Of course, if you have other suggestion, I am open to them.

  1. First, you need to create the asset (or liability in this case) listing over here. Why? Only then StocksCafe can learn about the asset/liability.

  2. Next, enter a buy transaction of price 0 with this link Why? Buy because you are acquiring a liability. Price 0 because you will change the current value somewhere else. Another reason for price 0 is so that the pl is straight forward.

  3. Finally, you want to set the current value of the liability to be negative value. Please enter a negative value (e.g. how much the loan is left or how much is the liability) in the field “Value per unit” of the add new recent value page (e.g. Demo account).
    Tip1 - To see the demo account page, you MUST NOT be logged in.
    Tip2: Another way to access the add new recent value page: Start from asset listing, click on the asset (or liability) and click on “Add new value” link.

This should work and as always, happy to get feedback and suggestions.


Quick guide to Other Assets + how to add a new asset
How to use StocksCafe to track your net worth
#2

Hi thanks, I have tried, first two steps able to do, but last step, where to key in the negative value ? Under which field ? In which screen ? Transaction ?


#3

Hi, finally I am able to key in the negative value, thanks so much for preparing this guide, appreciate it! Have a good day!


#4

Ah… I am 1 min too late :frowning:

I just updated the guide. Please help me check if the guide is clearer now :slight_smile:


#5

Thanks ! Is clearer now ! May I confirm the unit should I input 1 for step 2?


#6

Well… That depends on what the liability is about. Depends on how you want to define a unit.

For example, if it is a loan and you only have one loan then it would be one. If you have multiple similar loan, it should be the number of loans. The definition of similar here is the value of the liability.


#7

Got it, thanks!


#8

Hi, I saw there is a statement for value per unit:
This should be the liquidation value. (e.g. for property, it would be market value minus outstanding mortgage and fees)

May I know for property, what is the reason not to key in the market value only but need to minus outstanding mortgage and fees ? Thanks.


#9

You are right. There are actually two ways to do this.

  1. As suggested, just have one asset listing and the value would be “MarketValue - Loan”.

  2. Or you can have two listing. One asset which will have the MarketValue and one liability which would have the loan value (should be negative).

I recommend first way because then you only need to update one value but of course the two listing approach might be clearer :slight_smile:


#10

Thanks for your reply, I have already setup using 2nd option two two days ago, today just saw the latest hint under the “value per unit”. That’s why just want to confirm, once again thanks for your prompt reply, I will continue to use 2nd option as it is clearer to me, no doubt more work to do :slight_smile:


#11

Hi Admin, Can you check - It seems Net worth calculation for before 2019 ( as seen in Dashboard) does not seem to take the negative value of liabilities as per values inputted for various dates.


#12

Hi punch,

I checked. I believe it is because the transaction for the liabilities have a “buy” date of 1st Jan 2019 => https://stocks.cafe/personal/assets/transactions

Would you like to set to an earlier date and try again?

Thanks,
Evan


#13

yes, it works. thanks.