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Assets and Liabilities

Assets and Liabilities

Owned by Matthew Garrett
Last updated: Feb 15, 2019


     

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TFS User Guide - Table of Contents

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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.


 Adding an Asset - Click here to expand...

Adding an Asset

  1. From the Name drop-down list, select a contact.
  2. Select the Assets list. A shadow will appear around the list to indicate it is selected.
  3. Click the New button. The Asset dialog will be displayed.



  4. Enter the asset details.
  5. Select the Owners tab.



  6. Double-click the contacts who own the asset. The selected contact(s) will have a 'tick' placed next to them.
  7. Click the OK button.

If you set Encumbrance to  Yes and enter details a liability record will automatically be created.

 Adding a Liability - Click here to expand...

Adding a Liability

  1. From the Name drop-down list, select a contact.
  2. Select the Liabilities list. A shadow will appear around the list.
  3. Click the New button. The Liability dialog will be displayed.



  4. Enter the liability details.
  5. Select the Owners tab.



  6. Double-click the contacts who own the liability. The selected contact(s) will have a 'tick' placed next to them.
  7. 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.

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