Planit:Edit an Account

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There is more than one way to learn about PlanPlus Planit. Check out our other Training options, from structured tracks around planning types, to self-serve, mix-and-match topics.



In this Video you will Learn...
How do I change the account type or information?
• Change default accounts
• Edit account
• Detailed account information

Keep on Track! Continue training on...
Investment Management Modular Planning
Life Planning Integrated Planning
Assets and Liabilities Screen

Other Related Topics
Add an Account (Canada) Add an Account (Malaysia) Introduction to the Assets and Liabilities Screen (Canada)
Introduction to the Assets and Liabilities Screen (Malaysia) Account Portfolio Subject to Probate
Add an Asset (Malaysia) Add an Asset (Malaysia) Beneficiary Designation


The material in this video may differ somewhat from what you see on your site due to difference in version, jurisdiction, corporate content or access level. Regardless of these differences most of the core functions are consistent across all sites, so you'll be able to benefit by and large from what you learn in this video.


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You have the ability to create as many accounts as you require for your clients. To do this you would simply click on the <New Account> button.

Enter in a description for this account then under “Account Types”, you can select the type of account it will be. Within the Ownership section you can enter what percentage is owned by either the spouse, client or dependant. In our example you will see that 100% is owned by Mark.

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The “Managed” check box tells the system whether or not you actually manage this particular account as the client’s advisor.

The “Include in Planning” checkbox is a handy feature that allows you to tell the system to ignore an account, either one you’ve entered manually or one that has come in electronically through integration. This allows you to control what gets included in the IPS you are preparing or even what’s included in any long-term life goals planning you are doing. If we turn off this check box, it will be as if this account is invisible on every other screen and in all documents.

The Liquid on Death and Liquid on Emergency, fields where you can choose if the account is liquid on death or not, the same with the Liquid on Emergency. These fields are also used for when you want to create a Estate Liquidity Report from the Will Information screen.


Subject to Probate check box is used for estate planning, probate is one of those items that can sometimes be avoided through joint ownership and other maneuvers. Hence we allow you to identify if a particular account will be subject to Probate on the death of the current owner. When this is checked off, the analysis will automatically create a probate expense record based on the probate rate specified on the Planning Assumptions screen.


The “Beneficiary is where you can identify if there is a named beneficiary for the holdings of this account. The default for a married person is usually “Surviving Spouse” however, you can also indicate that the beneficiary is the “Estate” or some other third party.

NEW to version 5.3.1 when you select the other radio button it opens up many more options on who you want to have as the beneficiary, also you can have more than one beneficiary on an account.


Portfolio drop down list allows you to choose the portfolio you wish these funds to be earmarked for. For example you may have a goal called “House Upgrade” or “Boat Upgrade” by choosing this portfolio it will use the funds from this account for that portfolio goal. The Add Portfolio button will allow you to add new portfios. To read more on this please click here.

Ownership section is where you cano identify who owns the assets in this particular account.

Once you have completed this screen you can hit “Save” which will refresh the screen which will save the information you have added and will show you a message that is has been saved successfully. You then can click the “Back” button, which will bring you back to the Asset and Liability screen showing you the new account which you added. You will notice that you now have a new account in which you can add the value to this account. You can enter in as many accounts you wish with this new feature. Al4.jpg

  1. Expands all accounts
  2. Only expands that account