Transcript
This guide will show you how to schedule a one-time payment on a client’s debt, using a mortgage as an example. One-time payments allow clients to pay down principal quickly, which can have a significant impact on cash flow and interest costs.
Step 1: Access the Debt
Navigate to the Debts & Loans section in the client’s plan.
Open the debt you want to adjust — in this example, the Primary Residence Mortgage.
Step 2: Add a One-Time Payment
Select One-Time Payments within the debt entry.
Click Add One-Time Payment.
Enter the payment amount — for example, $30,000.
Choose the timing — for instance, schedule the payment to occur this year.
Click Done to save.
Step 3: Review the Impact
After saving, you will notice:
A spike in cash flow in the year of the one-time payment.
The debt balance drops significantly from year 1 to year 2.
To view this:
Go to the Year View.
Select the Debt section.
The one-time payment will appear in the debt schedule.
The graph will reflect the updated debt payoff timeline — in this example, showing the mortgage paid off by 2027.
Why Use One-Time Payments
One-time payments are useful for:
Reducing interest costs by lowering principal faster
Shortening the life of a loan
Modeling strategic financial decisions in a client’s plan
Need Help?
If you have questions:
Click the client’s name in the top-right corner.
Select Request Support.
Enter your question in the text box and share client access for assistance.