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dela.dzadey's avatar
dela.dzadey
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7 months ago

AMA: We’re Dela Dzadey and Lana Graham, paraplanning and Xtools experts, Ask Us Anything!

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ppdyabs's avatar
ppdyabs
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Is there an efficient way to allocate personal deficit cashflow to be drawn from a related company in Xtools? 

lana.graham's avatar
lana.graham
Icon for Iress Contributor rankIress Contributor
6 months ago

Howdy ppdyabs,

Sadly the short answer is No.  At the moment there are a number of steps you need to follow to draw cashflow from a company.

  1. See tomm ’s question above. You will need to duplicate tabs so you can easily switch between screens.
  2. Keep the Cashflow Consolidated or Cashflow Summary screen open so you can see the Net Cashflow.
  3. Duplicate the tab and navigate to Display > Company > Assets Details
    1. enter withdrawals to meet your Cashflow shortfall.
  4. Duplicate the tab and navigate to Display > Company Dividends
    1. enter Other Cash Dividend amounts to equal the NPAT amount.
  5. Now go back to your Cashflow Consolidated/Summary tab and refresh to see the dividend come through.
  6. Go back to the Company Assets tab and repeat the steps to cover the cashflow in each period.

I acknowledge that this is by no means efficient. I’m keeping a record of this so we can look at making it easier.

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