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The Finance Shop Knowledgebase Menu
The Finance Shop Knowledgebase Menu
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The Assets tab allows brokers to enter the client's current assets.

Note

The Assets tab will only be visible if the Client Type is set to Individual.

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Expand
titleSelecting Joint Owners - Click here to expand...

If you have added other client contacts on the Contacts tab (Step 3 - Contacts), they will appear in the Joint Owners list. Before clicking the right-arrow button to add an asset, double-click a contact in the Joint Owners list to indicate that an asset is jointly owned.


Expand
titleAdding an Asset - Click here to expand...
  1. Enter the asset details.
  2. Click the right-arrow button (Image Modified) to move the asset into the Assets list on the right-hand side of the dialog.

Note

1. To remove a redundant or incorrect asset, select the asset from the Assets list and click the left-arrow button (Image Modified).
2. A user cannot remove an Income Asset Type if it was created as part of creating an employment history. To remove that particular Income Asset Type, please return to Step 8 - Employment.



IMPORTANT CONCEPTS

  • Category: Select the type of asset it is.
  • Asset Type: Use the Space Bar to toggle between Asset and Income.
  • Period: Used to enter dates for the life of the asset. For example a new car may have a depreciation of 5 years. This period would be entered in the Period field.
  • Encumbrance Group: Is used if there is any money owing on an asset. This will allow the user to enter the details of the company that has the encumbrance and the amount of the encumbrance. If an asset has an encumbrance, this creates a liability record. The encumbrance Notes are the notes that will be displayed next to the liability.
  • Joint Owners: Any client contacts that were entered on the Contact tab will be displayed in the Joint Owners list. An asset can have joint owners.

Process Navigation


Image Modified Create a New Client 

Image ModifiedGeneral 


Image ModifiedAddress\ Telephone


Image Modified Contacts


Image Modified Marketing


Image Modified Services



Image ModifiedReferences


Image ModifiedAccounts


Image Modified Employment


Image Modified Assets


Image ModifiedLiabilities