The dedicated Liquidity Analysis tool pulls in asset and expense information from the Profile, allowing you to easily dial in a liquidity target and compare that dollar amount to a client's actual liquidity. This module is accessible via the Dashboard > Liquidity tab of each client plan:
To fine-tune the Target Liquidity, start by opening the Action Items at the bottom of the page. Here, you will find a slider that can be used to set how many months of covered expenses you would like the target to cover. The client's current monthly expenses will be pulled in from the Profile section, and a dollar amount will be automatically calculated. The default selection is 3 months of covered expenses, but you can choose anywhere between 1 and 12 months as your target:
You can view the client's Current monthly expenses at the top of the action items, in the Covered expenses section. You can also set a Proposed expense buffer to add additional expenses to the monthly amount being pulled in from the Profile. The Total covered expenses will consist of the current monthly expenses, in addition to any proposed expense buffer that is entered:
