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Transactions

Lists all the money transactions that model the client's cashflow.

tip

Click on a transaction to edit it.

danger

Clicking outside the form closes the form and loses your changes. Always remember to Save.

Form fields​

Title​

Identify what that Transaction refers to. E.g "Sale of Porsche."

Transaction Type​

  • Contribution - Money added to the account that generates a positive contribution to the Cashflow.
  • Withdrawal - Money spent. Generates a negative contribution to the Cashflow.

Asset Type​

Asset Types are used to group together similar Transactions.

  • Each Asset Type will generate a column on the relevant Table (Contributions, Withdrawals etc).
  • Such column will display the sum of all transactions with the same Asset Type for that Transaction Type.

You can add as many Asset Types as you deem necessary for each specific client.

Asset Types are client-specific, except for the built-in Types (see below).

There are some built-in asset Types with specific ends:

  • KiwiSaver - Use it to add voluntary KiwiSaver contributions.
  • NZ Super - Use it to add NZ Super income. Important: Transactions using this Asset Type are unrelated to the NZ Super automatic calculations. You should either disable the automation or be careful to avoid double counting.
  • Other - Use it to bundle random transactions that aren't worth of separate columns.

Value​

The dollar amount.

Age​

For copules, the age values chosen here are relative to the main client.

At/From Age​

Defines when the transaction starts. Can't be lower than the initial age.

To Age​

Defines when the transaction ends. For recurring transactions only.

Recurring​

If the entry spans more than one year.

Inflation adjusted​

If the entry is recurring, and/or in the future, applies inflation adjustment to the values in the future.

The inflation rate applied is the client's inflation rate.

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