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Overview
The new Holistic Cashflow module has been modularised to streamline and simplify how you model financial advice. This modular design lets you focus on individual components of your cashflow model, improving navigation and enabling smoother scenario-building.
The Primary sections of this module are:
All - Allows you to see all your created Scenarios as a list
Financial Summary - Allows you to see all your client's Financial details as entered in Fact Find
Cashflow Modelling - Allows you to create comprehensive financial modelling to support your advice
This guide specifically focuses on the module's Financial Summary section.
The Financial Summary window provides a clear breakdown of your client’s existing Net Cashflow, Income, Expenses, Assets, Liabilities and Goals - As entered in Fact Find, each displayed in individual tiles.
With enhanced interactivity and a user-friendly design, the Financial Summary allows you to see and modify your client's existing financial position and footprint, making it easier to bring your financial scenarios to life.
👉Please Note
This phase of the release only allows for individual & SMSF modelling. Multi-entity modelling will be available with subsequent releases.
Access
To access the Financial Summary section within Holistic Cashflow, navigate to Holistic Cashflow by going to a client account, hovering over the Cashflow tab and selecting Holistic Model from the options.
There are two ways to access the Financial Summary window:
No Existing Scenarios/First Scenario
If you have never created a scenario, you will land on the Create Scenarios dialogue.
Select Create New Scenario to begin building your financial scenario. This is the first step in crafting a tailored financial plan that meets your client's needs.
A confirmation pop-up will show with an editable system-created Scenario Name field and a confirmation button. This field is editable. Select Create Scenario+ to create the new Scenario.
Once your scenario is created You will land on the Snapshot view in the Financial Summary window.
📌Note
From this view select the Entity from Client, Partner, or SMSF you wish to work on. New Entities will become available as we develop the feature.
Previously Created Scenarios
If you have existing scenarios within the Holistic Cashflow module, you will land in the All section showing a list of existing scenarios when you open the cashflow scenario.
Select the scenario by ticking the tickbox before it, and use the Open button to open it.
You will land on the Snapshot view in the Financial Summary window.
Financial Summary Functions
The landing page of the Financial Summary window is the Snapshot view, here you will see a snapshot of all your client's financial information modulated into editable tiles.
Each financial module also has its own section accessible beneath the financial summary tab heading. Here you can navigate to:
Income - View, modify, and add the client's income details.
Expenses - View, modify, and add the client's expense information.
Assets - View, modify, and add the client's asset portfolio.
Liabilities - View, modify, and add the client's liabilities.
Goals - View, modify, and add the client's financial goals.
Additionally, the View button, which can be found on the top left of all the Finacial Summary windows, allows you to filter the data by:
Client - Shows only the Primary Client's Holdings & Financial Information
Partner - Shows only the Partners Holdings & Financial Information
Joint - Shows the Joint Holdings & Financial Information for the Client and Partner
All - Shows combined Primary Client and Partner's Joint and Individual Holdings & Financial Information
After adding or modifying each section, use the Save function in the top right of the Financial Summary window to save the new values.
Search and sorting options can be found in the top right corner of each section.
Use the keyword search to zoom into a particular row.
⚠️Please Note
The selection boxes, along with the Open, Archive, and Delete options, as well as the Filter and Actions buttons, are currently unavailable. These features will be made available in future releases.
Snapshot
The Snapshot window is the comprehensive at-a-glance repository of all your client's financial information, as entered into Fact Find.
The first two tiles show a line graph of your client's Net Cashflow and Net Assets - these tiles are not interactive.
Scrolling down will allow you to see the Income Breakdown, Expense Breakdown, Assets Breakdown and Liabilities Breakdown tiles.
Each tile is displayed as a doughnut graph and is interactive. To access the interactive options within the tile use the icons along the top left of each tile:
Expand - Expands the tile into a single window within the snapshot view
Edit - Jumps to the section the tile relates to for further editing
Three Dots - This feature is currently under development and will become active in future releases
Income
To View, Edit, or Add income for modelling a scenario, navigate to the Income section within the Financial Summary by selecting the appropriate tab located at the top left of the window. A tile at the top of a window shows the cumulative value of all Income entered into the Fact Find, followed by a list breakdown by income. Any changes made to the Income will be reflected here.
Three primary functions can be performed within the Income section that allow you to model scenarios:
You can add any entries that may have been overlooked during the Fact Find process, ensuring all financial details are captured, or add additional income to be modelled to help your client's decision-making.
If needed, you can adjust any figures, change the frequency of transactions, apply indexation, or modify start/end dates to better reflect the client’s situation.
Each entry can be toggled on or off, allowing you to include or exclude it from calculations. For instance, if you want to exclude a lifestyle asset, select the toggle to ignore it in the calculations.
Add Entries
To add additional income, select either of the +Add New buttons. You'll find one button at the top of the listed incomes and another at the bottom. This layout ensures you can conveniently add income entries without needing to scroll, even when there are numerous income entries.
A new row will open at the bottom of the list.
Enter the name of the new income and proceed through each field of the row to input the relevant details. Ensure all necessary information, such as income type, amount, frequency, and source, is accurately filled in to reflect the client's financial situation.
Name | Add the name of the Income |
Source | This field is automatic and will show as blank when manually entered |
Category | Select the Income Category from the dropdown- these fields mirror the category fields in Fact Find:
Additionally, they serve to segregate the bar graph for visibility. |
Client | Filter Data by:
|
Taxable | Switch the toggle On/Off to determine whether it is taxable within the scenario |
Start Date/End Date | Select the Income Start Date from the Calendar options:
|
Frequency | Add the frequency of the Income by selecting from the dropdown menu:
|
Indexation | Apply the indexation type or remove indexation by selecting from the dropdown menu:
|
Balance | Enter the Income amount related to the frequency |
Use the Save function on the top right of the Financial Summary window to save the new values.
Edit Details
Click on the existing Income fields to edit existing income and apply the necessary changes.
Exclude
To Exclude existing Income from your scenario, switch the toggle in front of the income row to the Off position.
Expenses
To View, Edit, or Add expenses for modelling a scenario, navigate to the Expenses section within the Financial Summary by selecting the appropriate tab at the top left of the window. A tile at the top of a window shows the cumulative value of all expenses entered into the Fact Find, followed by a list breakdown by expense. Any changes made to the Expenses will be reflected here.
Three primary functions can be performed within the Expenses section that allow you to model scenarios:
You can add any entries that may have been overlooked during the Fact Find process, ensuring all financial details are captured, or add additional income to be modelled to help your client's decision-making.
If needed, you can adjust any figures, change the frequency of transactions, apply indexation, or modify start/end dates to better reflect the client’s situation.
Each entry can be toggled on or off, allowing you to include or exclude it from calculations. For instance, if you want to exclude a lifestyle asset, select the toggle to ignore it in the calculations.
Add Entries
To add expenses, select either of the +Add New buttons. You'll find one button at the top of the listed expenses and another at the bottom. This layout ensures you can conveniently add entries without needing to scroll, even when there are numerous expense entries.
A new row will open at the bottom of the list.
Enter the name of the new Expense and proceed through each field of the row to input the relevant details. Ensure all necessary information, such as expense type, amount, frequency, and source, is accurately filled in to reflect the client's financial situation.
Name | Add the name of the Expense |
Source | This field is automatic and will show as blank when manually entered |
Category | Select the Expense Category from the dropdown- these fields mirror the category fields in Fact Find:
|
Client | Filter Data by:
|
Taxable | Switch the toggle On/Off to determine whether it is taxable within the scenario |
Start Date/End Date | Select the Expense Start/End Date from the Calendar options:
|
Frequency | Add the frequency of the Expense by selecting from the dropdown menu:
|
Indexation | Apply the indexation type or remove indexation by selecting from the dropdown menu:
|
Balance | Enter the Expense amount related to the frequency |
Use the Save function on the top right of the Financial Summary window to save the new values.
Edit Details
Click on the existing Expense fields to Edit existing expenses and apply the necessary changes.
Exclude
To Exclude existing Expenses from your scenario, switch the toggle in front of the row to the Off position.
Assets
To View, Edit, or Add Assets for modelling a scenario, navigate to the Assets section within the Financial Summary by selecting the appropriate tab at the top left of the window. A tile at the top of a window shows the cumulative value of all assets entered into the Fact Find, followed by a list breakdown by asset. Any changes made to the Assets will be reflected here.
Three primary functions can be performed within the Assets section that allow you to model scenarios:
You can add any entries that may have been overlooked during the Fact Find process, ensuring all financial details are captured, or add additional income to be modelled to help your client's decision-making.
If needed, you can adjust any figures, change the frequency of transactions, apply indexation, or modify start/end dates to better reflect the client’s situation
Each entry can be toggled on or off, allowing you to include or exclude it from calculations. For instance, if you want to exclude a lifestyle asset, select the toggle to ignore it in the calculations.
Add Entries
To add assets, select either of the +Add New buttons. You'll find one button at the top of the listed assets and another at the bottom. This layout ensures you can conveniently add entries without needing to scroll, even when there are numerous entries.
A new row will open at the bottom of the list.
Enter the name of the new Asset and proceed through each field of the row to input the relevant details. Ensure all necessary information, such as asset type, amount, and taxability, is accurately filled in to reflect the client's financial situation.
Name | Add the name of the Asset |
Source | This field is automatic and will show as blank when manually entered |
Category | Select the Asset Category from the dropdown - these fields mirror the category fields in Fact Find:
|
Client | Filter Data by:
|
Taxable | Superannuation products will show a Taxability dropdown where you can enter the taxable amount |
Balance | Enter the Asset amount related to the frequency |
Use the Save function on the top right of the Financial Summary window to save the new values.
Edit Details
Click on the existing Asset fields to edit and apply the necessary changes.
Exclude
To Exclude existing Assets from your scenario, switch the toggle in front of the row to the Off position.
Liabilities
To View, Edit, or Add Liabilities for modelling a scenario, navigate to the Liabilities section within the Financial Summary by selecting the appropriate tab located at the top left of the window. A tile at the top of a window shows the cumulative value of all Liabilities entered into the Fact Find, followed by a list breakdown by individual liability. Any changes made to the liabilities will be reflected here.
Three primary functions can be performed within the Liabilities that allow you to model scenarios:
You can add any entries that may have been overlooked during the Fact Find process, ensuring all financial details are captured, or add additional income to be modelled to help your client's decision-making.
If needed, you can adjust any figures, change the frequency of transactions, apply indexation, or modify start/end dates to better reflect the client’s situation
Each entry can be toggled on or off, allowing you to include or exclude it from calculations. For instance, if you want to exclude a lifestyle asset, select the toggle to ignore it in the calculations.
Add Entries
To add additional income, select either of the +Add New buttons. You'll find one button at the top of the listed Liabilities and another at the bottom. This layout ensures you can conveniently add liability entries without needing to scroll, even when there are numerous entries.
A new row will open at the bottom of the list.
Enter the name of the new liability and proceed through each field of the row to input the relevant details. Ensure all necessary information, such as liability type, amount, and tax deductibility, is accurately filled in to reflect the client's financial situation.
Name | Add the name of the Income |
Source | This field is automatic and will show as blank when manually entered |
Category | Select the Income Category from the dropdown- these fields mirror the category fields in Fact Find:
|
Client | Filter Data by:
|
Tax Deductible
| Switch the toggle On/Off to determine whether it is taxable within the scenario |
Balance
| Enter the liability amount |
Use the Save function on the top right of the Financial Summary window to save the new values.
Edit Details
Click on the existing Liability fields to edit existing Liabilities and apply the necessary changes.
Exclude
To Exclude existing liabilities from your scenario, switch the toggle in front of the row to the Off position.
Goals
To View, Edit, or Add Goals for modelling a scenario, navigate to the Goals section within the Financial Summary by selecting the appropriate tab at the top left of the window. The first tile at the top of the window shows the cumulative value of all Life Expectancy and Retirement data in the Fact Find, followed by a list breakdown of Goals.
The Tile can be viewed to include:
Pre Retirement
Post Retirement
Pre & Post Retirement
Three primary functions can be performed within the Expenses section that allow you to model scenarios:
You can add any entries that may have been overlooked during the Fact Find process, ensuring all financial details are captured, or add additional income to be modelled to help your client's decision-making.
If needed, you can adjust any figures, change the frequency of transactions, apply indexation, or modify start/end dates to better reflect the client’s situation
Each entry can be toggled on or off, allowing you to include or exclude it from calculations. For instance, if you want to exclude a lifestyle asset, select the toggle to ignore it in the calculations.
Add Entries
To add Goals, select either of the +Add New buttons. You'll find one button at the top of the listed goals and another at the bottom. This layout ensures you can conveniently add entries without needing to scroll, even when there are numerous entries.
A new row will open at the bottom of the list.
Enter the name of the new Goal and proceed through each field of the row to input the relevant details. Ensure all necessary information, such as goal Category, amount, and timeframe is accurately filled in to reflect the client's financial situation.
Name | Add the name of the Goal |
Source | This field is automatic and will show as blank when manually entered |
Category | Select the Goal Category from the dropdown- these fields mirror the category fields in Fact Find:
|
Client | Filter Data by:
|
Start Date/End Date | Select the Goal Start/End Date from the Calendar options:
|
Last Modified | This field is populated by the Fact-Find or applied automatically as the date the financial summary goal is created/modified |
Balance | Enter the Goal amount |
Use the Save function on the top right of the Financial Summary window to save the new values.
Edit Details
Click on the existing Goal fields to edit, and apply the necessary changes.
Exclude
To Exclude existing Goals from your scenario, switch the toggle in front of the row to the Off position.
👉Next Steps
Once you have added or modified the requisite sections you may move to the Cashflow Modelling section to model your advice.