ProTracker Advantage User Manual
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Add an Account Dialog

 
The Add an Account dialog is used for adding new Client accounts.
To add an account, double-click the Add an Account Assistant command on the Account Summary or Account Details tabs.
 
 
Ownership
Select the type of Ownership for the account. To change the list of Ownership Types, click on Operations > Pick Lists > Ownership Types. See FAQ about Pick Lists for cautions on editing Ownership Types.
 
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Account Fields
For clarification on the use of the following four fields, see An Explanation of Account Fields
 
Asset Category
Select an Asset Category for the account.  Examples of Asset Category include Liquid Assets, Invested Assets, and Liabilities.
To add a Category to the list, click on Operations > Pick Lists > Asset Category.
 
Account Type
Select an Account Type for the asset or liability.  Options on the list depend upon the Category selected.
To change the list of Account Type options, click on Operations > Pick Lists > Account Types.
 
Asset Type
Select an Asset Type.  The items included on the Asset Type list depend upon the Account Type selected.
To add an Asset Type, click on Operations > Pick Lists > Asset Types.
 
Asset Class
Select a classification for the asset or liability.  Examples of Asset Class include A2 Emergency Cash Equivalents and E1 Venture Capital.
To change the Asset Class list, click on Operations > Pick Lists > Asset Classes.
 
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Additional Fields
Description
Enter a brief comment that describes the asset or liability in the Description field.
 
Institution
Select the financial Institution that holds the asset or liability.
To add an Institution to the list, click on Operations > Pick Lists > Financial Institutions.
 
Account #
Enter the unique account or certificate number assigned to this asset or liability in the Account # field. If you intend to import information from a portfolio manager, the account number entered must exactly match the account number stored in the portfolio manager, including hyphens, periods, etc.
 
Value
Enter the monetary worth of the asset or liability in the Value field.  Do not enter liabilities as a negative Value.
 
As Of
As Of is the date when the account reached the entered Value.
 
Date Opened
Enter the date when the account was opened in the Date Opened field.
 
Cost Basis
Enter the Cost Basis for the account.
 
TIP: For real estate or land, cost basis can be kept on a simple spreadsheet. Start with the original basis from the HUD statement, including acquisition costs, but not taxes or pre-paid interest. As improvements are made, make an entry on the spreadsheet for the improvements and maintain a paper or electronic file of the original HUD statement and subsequent receipts. Because the need for basis may span decades, depending on how long someone lives in their home, a paper file is highly recommended. Electronic files are easily forgotten or lost due to computer failures, hard drives failures, or upgraded computers with decimal dust left behind. Maintain the cost basis file with other important papers in a fireproof filing cabinet or vault. Online backup filing is fine, but subject to discontinuance, improper filing, inadvertent deletion and other vagaries. There is great comfort in maintaining a properly-stored paper file for cost basis of a property.
 
As Of
Enter the date when the Cost Basis was last updated in the As Of field.
 
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Buttons
Save and Close
Click the Save and Close button to add the account and exit the dialog.
 
Save and Edit Details
Click the Save and Edit Details button to add the account and open the Account Details.
 
Save and Add Another
Click the Save and Add Another button to add the account and begin entering another.
 
Cancel
Click the Cancel button to exit the dialog without adding the account.
 
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