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Overview
The Cashflow default settings serve as the foundational settings in the Cashflow 2.0 modelling module, streamlining the process by establishing standard assumptions and parameters.
Navigation
To set up the default rates for Cashflow 2.0 modelling, go to Tools > Cash Flow Defaults > Cash Flow Defaults.
You will Navigate to the cashflow defaults section where you can enter the default values in the provided fields.
Fields
Enter the Required Details for the below sections of Cashflow:
Duration | Specify the default period for cashflow modelling |
CPI (%) | Enter the Consumer Price Index percentage |
A.W.O.T.E | Enter the Average Weekly Ordinary Time Earnings |
Return on Cash | Specify the expected return rate on cash |
Overdraft Rate | Enter the applicable overdraft rate |
Client Retirement Age | Set the retirement age for the client |
Partner Retirement Age | Set the retirement age for the partner |
Default Assumed Rate of Return (%) | Enter the default rate of return |
📌Note
Additional rates are governed by the client's Risk Profile
Once you have entered all the details, select Save.
Cashflow 2.0
The saved Cashflow Defaults will now be applied to new Cashflow 2.0 scenarios and can be edited for individual clients in the Cashflow Add and Edit Screens.
Rate of Return % and Return on Cash amounts will be applied within the Scenario.
These steps will ensure that all clients' cashflow modelling details are set to your preferences.