Cashflow and Capital is a comprehensive modelling tool that Midwinter provides Users of AdviceOS who wish to capture their clients entire circumstances, including all income, expenses, assets, liabilities and insurances. It can capture information on their cashflow, capital projections, potential Centrelink benefits, tax implications and more. It can also include other entities such as Trusts, SMSFs and Businesses and will allow a User to create a number of different scenarios which can be compared within an advice document.
Cashflow and Capital is broken down into two distinct sections:
Allows you to add information about your client; income and expenses, assets and debt, and superannuation money and rollovers into pension and the overall settings/assumptions used for the scenarios.
This section reviews the outcome of the scenarios you have built presented within tables and graphs that can then be extracted into an advice document. These look at cashflow / tax and capital outcomes, as well as a Summary and ability to compare a number of scenarios with one another.
The easiest way to start with Cashflow and Capital is to begin from the top at Settings and work through each of the inputs one at a time. Once you have finished adding your inputs you can check you are happy with the outputs and either make changes as required to start at the beginning again creating another scenario and repeat the process.
Note that C&C does not use live or real data returns. This module is based entirely on assumptions set out either by the User, Practice or using the Midwinter default settings. These can at any point be overridden.
The articles within this section of the Help Centre are here to guide you on how best to use Cashflow and Capital.
An additional note on using C&C - majority of the pages within this module have a Save and Refresh button in the top right corner. If you make any changes to any of the pages however don't see these changes take effect, make sure you have clicked on the Save and Refresh button.