Transactions
Lists all the money transactions that model the client’s cashflow.
Form fields
Section titled “Form fields”Identify what that Transaction refers to. E.g “Sale of Porsche.”
- Contribution – Money added to the account that generates a positive contribution to the Cashflow.
- Withdrawal – Money spent. Generates a negative contribution to the Cashflow.
Category
Section titled “Category”Categories are used to group together similar Transactions.
- Each Category will generate a column on the relevant Table (Contributions, Withdrawals etc).
- Such column will display the sum of all transactions with the same Category for that Transaction Type.
You can add as many Categories as you deem necessary for each specific client.
Categories are client-specific, except for the built-in ones (see below).
There are some built-in categories with specific ends:
- KiwiSaver - Use it to add voluntary KiwiSaver contributions.
- NZ Super - Use it to add NZ Super income. Important: Transactions using this Category 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.
The dollar amount.
For couples, the age values chosen here are relative to the main client.
Age From
Section titled “Age From”Defines when the transaction starts. Can’t be lower than the initial age. (For couples, Partner Age From is also shown when the category is partner-related.)
Age To (excluding)
Section titled “Age To (excluding)”Defines when the transaction ends. For recurring transactions only.
Recurring
Section titled “Recurring”If the entry spans more than one year, use Every to set the interval (e.g. every 2 years).
Inflation Adjusted
Section titled “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.