Assets & Liabilities

Purpose

• Collect and track household financial assets and liabilities
• Create snapshots of financial status at specific points in time

Steps to Create a New A&L Snapshot

1. Navigate to WORK TEMPLATE → ASSETS AND LIABILITIES
2. Click to add a new snapshot
3. Enter detailed line items with asset and/or liability amounts
4. Click RECALCULATE to view totals
5. Click SAVE

Key Features

• Household-based form
• Can track both assets and liabilities for same item (e.g., house)
• Calculates Total Assets, Total Liabilities, and net difference
• Default items include: Home, Cars, Checking/Savings Accounts, Investments, Credit Cards

Customization

• Agencies can modify default A&L items
• Requires Admin access
• Can be done via ADMIN → MANAGED ITEMS → ASSETS & LIABILITIES

Snapshot Management

• Create new snapshot when household financial circumstances change significantly
• Can edit existing snapshots using EDIT icon