Financial Statements
The Financial Statements module collects client data to produce two key statements: Net Worth and Cash Flow. The majority of the collected data flows to other modules including: assets, liabilities, monthly expenses, insurance premiums, and financial commitments. This tool is one of the first modules used in the financial planning process as it provides answers to the client’s worth and financial health.
Module Target User – Advisors, Clients
Completion Time – 10 to 20 minutes
This module:
- Allows multiple Net Worth Statement views: General, Individual Owner, Detail, T-Account
- Includes two Cash Flow Statement views: General, Detail
- Calculates Key Ratios: debt to income, cash to debt, debt to equity, savings, months of cash on hand, and average income tax rate