Planit:Summary Assets and Liabilities (Canada)

Languages: Français | Español | 中文 | Русский Country: Malaysia |

Learn by Watching!

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 quickly input assets or liabilities? • Entering summary assets • Entering summary liabilities • Entering summary savings Keep on Track! Continue training on... Investment Management Modular Planning Life Planning Integrated Planning Getting Started Assets and Liabilities Screen Other Related Topics Add an Account (Canada) Add an Asset (Canada) Introduction to the Assets and Liabilities Screen (Canada)

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.

Learn by Reading!

Summary Level Entry with Accounts

To enter summary level assets you can simply just enter the amount within the appropriate account.You also have the ability to enter in as many accounts as you need.

• The non-registered investments are entered separately from the registered assets.
• Personal Use Assets are entered under “Personal Use” such as a house or a car.
• Liabilities are entered in the appropriate fields either under investment liabilities or personal.
• When you click on the “Save” button, all sub-totals and totals for the screen will be calculated. Clicking on the “Next” icon will also do these totals, but you won’t see the results since you’ll move to the next screen with this click.

Savings

We have now changed the Assets and Liabilities screen to simplify the way you enter in your savings for each of the client’s accounts. In past versions you entered your savings directly on the Cash Flow screen, but now you will enter these savings on the Assets and Liabilities screen right beside each account.

These savings will then automatically flow through to the Cash Flow Management screen as seen below and be displayed in read only mode. This means that should you want to edit these savings later, you’ll make your changes on the Assets and Liabilities screen. This approach allows you to more clearly document the precise accounts where new savings are being made.