After Importing (Step 4) - Double-check expenses for double accounting

It is especially important to fact check Expenses. Whether your clients have itemised their expenses or provided a total living expense, be sure that these figures do not double account for expenses the software already creates automatically.

Debts: When a debt is entered into a plan, a debt payment expense will be created automatically to control payments made on the debt.

Taxes: There is usually no need to enter taxes as expenses. Voyant will do the tax calculations for you.

Savings and Investments: Contributions to pensions, savings and investments are entered into the software as such. Be sure that they are not also entered as expenses.

Premiums: Expenses are created automatically for the premiums paid on protection policies when you enter these policies into the plan.

 

 

Next step

Step 5, check for planned future contributions to investments and pensions.

 

Related Topics

After Importing - A checklist for review following the import of a client fact find

How to create a new client case by importing a fact find into Voyant

Fact Find - Import and create new client cases using the importable fact find

Potential issues and errors when importing from a fact find

 

For Further Reading

A user's guide to the importable fact find

 

Other Related Documents

Voyant UK importable fact find (PDF)