<p style="text-align: center;"><strong>Long Term Liability Account</strong><strong></strong></p>
<p style="text-align: left;">Tracks money your business owes and expects to pay back over more than one year, such as:</p>
<ul>
<li style="text-align: left;">Mortgages</li>
<li style="text-align: left;">Long-term loans</li>
<li style="text-align: left;">Notes payable</li>
</ul>