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.
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