Be taught to make use of the monetary planning instrument and the way it compares, and or, enhances different accounting and finance instruments
What you’ll be taught
What the Personal Capital Software program is and the way it may be used
How Personal Capital Software program compares to different accounting and monetary administration software program
Easy methods to entry and arrange the free software program
Easy methods to use monetary knowledge to create an earnings assertion
The advantages of getting web value or stability sheet knowledge in a single location
Easy methods to entry and use funding instruments and evaluation
Easy methods to use the monetary planning instruments like a retirement planner
Easy methods to use a house appraisal instrument
Easy methods to add non monetary establishment property and liabilities to make the web value or stability sheet extra full
Personal Capital is at present a free software program that may hook up with monetary establishments, pulling in monetary asset and legal responsibility balances, in addition to transaction element, into one location.
The robust areas of good thing about utilizing Personal Capital software program are its capability to offer web value or stability sheet info, funding administration info, and planning instruments comparable to retirement planning and different massive planning objectives.
The Personal Capital software program additionally downloads transaction element and permits for the categorization or assigning of accounts and tags that may then be used to generate an earnings assertion. It additionally has budgeting instruments to assist with shorter-term money circulate administration.
This course will talk about how one can arrange the Personal Capital software program and hyperlink to accounts. We will even talk about some the explanation why the software program could also be supplied free of charge and look over Personal Capital knowledge safety.
We are going to examine the Personal Capital software program to different sorts of software program that may join on to monetary establishments and pull monetary info, such software program usually falling into the class of accounting software program that makes use of the double-entry accounting system or monetary administration software program.
Accounting software program utilizing the double-entry accounting system consists of packages comparable to QuickBooks, Xero, & Wave accounting. Though accounting software program makes use of monetary establishment connectivity it usually does so in a different way than Personal Capital software program, which falls into the monetary administration class. We are going to talk about the variations in software program.
Different monetary administration and budgeting software program embody Quicken, Mint, and Microsoft Excel, Excel really having a template known as Cash in Excel that has monetary establishment connectivity.
Learners will apply changing monetary knowledge into an earnings assertion by downloading transactions from monetary establishments, categorizing them, after which exporting them into Excel for sorting. We are going to examine the method with what can be performed utilizing accounting software program like QuickBooks.
The course will talk about the advantages of the private web value or stability sheet performance of Personal Capital software program, the software program pulling in property and legal responsibility balances robotically for objects comparable to financial institution accounts, funding accounts like 401(Ok), financial savings accounts, CD accounts, bank card balances, mortgage balances, and mortgage balances.
We will even talk about the good thing about the software program offering extra element on our funding holdings and offering insights and ideas to enhance returns and cut back threat. The power to tug investments into one place permits a extra rounded evaluation of the information than it’s possible you’ll get from one brokerage account analyzed in isolation.
Learners will be capable of use the projection planner to assist plan for retirement and different massive funding objects. The Personal Capital software program makes use of subtle analytical instruments together with a Monte Carlo Simulation instrument.
We will even discover the house appraisal instrument supplied by the software program and we are going to apply including non-financial establishment property and liabilities, making our web value or stability sheet completer and extra correct.
Who this course is for:
- Anyone who needs a instrument to assist with monetary administration
- Accountants and bookkeepers who need to examine a monetary administration instrument to accounting software program
Created by Robert (Bob) Steele
Final up to date 3/2021
Dimension: 1.65 GB
The submit Personal Capital Free Financial Planner Application .
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