The Finance Shop Knowledgebase MenuTFS User Guide Table
TFS User Guide Table
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Opening the Assets and Liabilities Screen - Click here to expand...
From the Contact menu, select Assets and Liabilities.
From the sidebar, select Contact then A & L.
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Adding an Asset - Click here to expand...
Adding an Asset
From the Name drop-down list, select a contact.
Select the Assets list. A shadow will appear around the list to indicate it is selected.
Click the New button. The Asset dialog will be displayed.
Enter the asset details.
Select the Owners tab.
Double-click the contacts who own the asset. The selected contact(s) will have a 'tick' placed next to them.
Click the OK button.
Note
If you set Encumbrance to Yes and enter details a liability record will automatically be created.
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Adding a Liability - Click here to expand...
Adding a Liability
From the Name drop-down list, select a contact.
Select the Liabilities list. A shadow will appear around the list.
Click the New button. The Liability dialog will be displayed.
Enter the liability details.
Select the Owners tab.
Double-click the contacts who own the liability. The selected contact(s) will have a 'tick' placed next to them.
Click the OK button.
IMPORTANT CONCEPTS
Show All?: displays all the assets and liabilities for a contact including joint ownership assets and liabilities. Changing the Show All? field to Yes will add two (2) extra columns to the lists:
Contact?: indicates if an asset or liability is owned by the contact listed in the Name field.
Joint?: indicates whether an asset or liability is jointly owned by the contact in the Name field and another contact.
