What?

When you access a contact record in Redtail, you'll notice new menu items underneath Contacts in your left menu bar.

 

The Assets / Liabilities page shows any known assets and liabilities, their type, and current balance. These are useful to include if you have a client that keeps you up to date with all levels of their finances.

How?

While within a contact record, your left side menu will expand with new available sections for that record. Click the "More..." link to expand the menu completely. Select the "Assets/Liabilities" option from the left side menu. The Assets/Liabilities page shows you two sections for the respective assets and liabilities. See an example of the page below.

 

 

 

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Using the Assets/Liabilities Page

• The Assets/Liabilities Overview page is divided into two separate sections. Each section may be contributed to or edited in much the same way.

 

 

Assets

• Add, edit, or remove an asset the client currently holds.
  • Click the "Add" button to open the Add Asset modal.
    
    
  • Add any information from the provided dropdowns and blank fields.
    NOTE: Only the asset name and type are required fields.
    
    
  • Select the "Add Asset" button to confirm.
    
    
• Use the action dropdown  menu to the left of any asset and select "Edit Asset" to make changes or "Delete Asset" to remove them.

 

 

 

 

 

Liabilities

• Add, edit, or remove a liability the current client has.
  • Click the "Add" button to open the Add Liability modal.
    
    
  • Add any information from the provided dropdowns and blank fields.
    NOTE: Only the liability name and type are required fields.
    
    
  • Select the "Add Liability" button to confirm.
    
    
• Use the action dropdown  menu to the left of any liability and select "Edit Liability" to make changes or "Delete Liability" to remove them.

 

 

 

 

Reporting Assets/Liabilities

• The assets and liabilities added on this page are reportable.
  • Select the Common Tasks icon at the top right of a contact record.
    Related Article: Common Tasks Menu
    
    
  • Select "Run a Report..."
    
    
  • From the reports options provided, select "Assets/Liabilities Report"
    
    
  • The report will be created as a PDF and either downloaded to your PC or added to your "Manage Downloads" section of the database.
    Related Article: Manage Your Account: Manage Downloads

 

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