[Udemy] Personal Capital Free Financial Planner Application
What you’ll learn
What the Private Capital Software program is and the way it may be used
How Private Capital Software program compares to different accounting and monetary administration software program
How one can entry and arrange the free software program
How one can use monetary knowledge to create an revenue assertion
The advantages of getting internet value or stability sheet knowledge in a single location
How one can entry and use funding instruments and evaluation
Private Capital is at present a free software program that may connect with monetary establishments, pulling in monetary asset and legal responsibility balances, in addition to transaction element, into one location.
The sturdy areas of good thing about utilizing Private Capital software program are its means to supply internet value or stability sheet info, funding administration info, and planning instruments corresponding to retirement planning and different massive planning targets.
The Private 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 revenue assertion. It additionally has budgeting instruments to assist with shorter-term money stream administration.
This course will focus on the best way to arrange the Private Capital software program and hyperlink to accounts. We may even focus on some explanation why the software program could also be provided without cost and look over Private Capital knowledge safety.
We’ll evaluate the Private Capital software program to different varieties of software program that may join on to monetary establishments and pull monetary info, such software program typically 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 corresponding to QuickBooks, Xero, & Wave accounting. Though accounting software program makes use of monetary establishment connectivity it typically does so in a different way than Private Capital software program, which falls into the monetary administration class. We’ll focus on 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 observe changing monetary knowledge into an revenue assertion by downloading transactions from monetary establishments, categorizing them, after which exporting them into Excel for sorting. We’ll evaluate the method with what could be completed utilizing accounting software program like QuickBooks.
Who this course is for:
- Anyone who desires a device to assist with monetary administration
- Accountants and bookkeepers who need to evaluate a monetary administration device to accounting software program