Manually Adding an Asset or Liability

Manually Adding an Asset or Liability

Assets or Liabilities can be manually added to a Record from the Record Detail page.

Assets can also be imported from most portfolio management systems. See Asset Import Overview for more information.

  1. Open the Record in Record Detail view.
  2. Click Tools > Add Asset and select the type of Asset to add.
  3. Complete the relevant Asset fields. See below for specifics on the different asset types.
    • You may also add a Liability against the Asset you just entered from within the same page. In the Liabilities section at the top right, click Add Liability to apply a Liability against the Asset. Be sure to Save your new entry.
  4. Click Save to commit your new Asset.
Note: Update the Ownership Value if the Record is not a full Asset owner. To add an additional ownership parties, click Add Owner (each owner must have a Record in AE CRM). The ownership between all owners must total 100%

Asset Type: Business

This option is intended for Businesses owned by the Record. A few specific fields here will help you note the nature, structure, and tax information for the business.

Asset Type: Financial Account

The Financial Account Asset windows includes several additional sections to complete:

  • Power of Attorney
  • Adding Positions
  • Trustees/Beneficiaries
  • Money Movement

Asset Type: Personal Property

Personal Property Asset Type can be used for tangible Assets such as a car or boat.

Asset Type: Real Estate

For Real Estate Asset Types, notice you have the option to add a new physical address or link an existing Record or Person address to this Asset.

Asset Type: Stock Option

The Stock Option Asset Type focuses on fields related to the stock, its vesting, and expected value.

Asset Type: Liability

For a straight Liability, this Asset Type will give you access to logging all relevant loan and lien information.

Note:
A Record's calculated net worth will automatically update as you add assets and liabilities to the Record’s Financials.

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