Here's how:
Click WORKBENCH and then click DATASETS.
Then click SM&CR.
Then choose Certification Regime.
Then click on Fit and Proper testing.
Then click on Fit and Proper Assessment Criteria.
Then click on Financial soundness.
Then click on Financial soundness assessment.
A list of all people in your firm for which you have recorded a financial soundness assessment will appear (if any have been created).
If the person already has a log of financial soundness assessment and you're adding a new entry or updating information already held within the system, click on that person's name and skip to step 11.
If a record of financial soundness assessment for the member of staff has not yet been created, you would need to create a new one - click the PLUS (+) symbol next to FINANCIAL SOUNDNESS ASSESSMENTS in the middle of the screen.
A new pop up window will appear.
If this is a blank form, with no information in it currently, skip to step 13. Otherwise if there is already information here you can update it by clicking the EDIT button, and following the steps from step 14 below.
In the General section:
Use the Name dropdown box in the General section to confirm who the financial soundness assessment record is for. (NB - if the person who is the subject of these records doesn't appear in this list, you'll need to create them as a Person Entity first - here's how).
Use the Date of last assessment date picker to select the date of this assessment.
Use the Date of next assessment date picker to select the date of the next future assessment.
In the Financial Soundness Assessment section you can:
Use the Assets section to record the assets that the individual has (see below).
Use the Liabilities section to record any liabilities that the individual has (see below).
Use the Income section to record detail of income that the individual has (see below).
Use the Expenditure section to record detail of any expenditures that the individual has (see below).
Use the Documents section (by clicking the button) to upload any supporting documents to support this assessment.
Recording individual's assets
If you are editing an existing reference and this section has been used previously, the button will say VIEW TABLE (click it and skip to Step 7 of this section). If this is the first time this section has been used, the button will say LINK TABLE.
Click the button and a new pop-up will appear.
This pop-up asks if you want to create a new dataset, or link to an existing one. If you have recorded this information elsewhere - in another dataset, click the Existing button and choose which dataset you want to link from the the list under Linked Entity. Otherwise, you'll need to create a new table dataset. Select New.
Once you have chosen New or Existing, click CONFIRM to proceed or CANCEL to go back to the financial soundness assessment record.
A new pop-up box will appear.
You can give a descriptive name to this dataset under Dataset description, and then choose the person who's assets you are recording from the dropdown list next to Assets. NB - if the applicant who's assets you are recording doesn't appear in this list, you'll need to create them as a Person Entity first - here's how).
If this is a blank table, with no information in it currently, skip to step 8. Otherwise if there is already information here you can update an existing row here by clicking the EDIT button, or add a new additional information request for the same person here by clicking ADD ROW, and following the steps below.
In this table dataset you can:
Use the dropdown box under Asset to record the type of asset in question.
Use the text box under Description to give details about the asset.
Use the radio box under the Asset held solely? to confirm if the asset is held solely by the individual or not.
Use the radio box under the Asset held jointly? to confirm if the asset is held jointly with someone else or not.
Use the text box under Value to record the value of the asset in question.
You can use the button under the Documents section to upload any necessary supporting documents.
Once done, if you need to add another asset for this individual, click ADD ROW and repeat the steps under point 8 above.
Finally, click SAVE and then CLOSE.
Recording individual's liabilities
If you are editing an existing reference and this section has been used previously, the button will say VIEW TABLE (click it and skip to Step 7 of this section). If this is the first time this section has been used, the button will say LINK TABLE.
Click the button and a new pop-up will appear.
This pop-up asks if you want to create a new dataset, or link to an existing one. If you have recorded this information elsewhere - in another dataset, click the Existing button and choose which dataset you want to link from the the list under Linked Entity. Otherwise, you'll need to create a new table dataset. Select New.
Once you have chosen New or Existing, click CONFIRM to proceed or CANCEL to go back to the financial soundness assessment record.
A new pop-up box will appear.
You can give a descriptive name to this dataset under Dataset description, and then choose the person who's liabilities you are recording from the dropdown list next to Liabilities. NB - if the applicant who's liabilities you are recording doesn't appear in this list, you'll need to create them as a Person Entity first - here's how).
If this is a blank table, with no information in it currently, skip to step 8. Otherwise if there is already information here you can update an existing row here by clicking the EDIT button, or add a new additional information request for the same person here by clicking ADD ROW, and following the steps below.
In this table dataset you can:
Use the dropdown box under Liability to record the type of liability in question.
Use the text box under Description to give details about the asset.
Use the radio box under the Sole liability? to confirm if the liability is held solely by the individual or not.
Use the radio box under the Liability held jointly? to confirm if the liability is held jointly with someone else or not.
Use the text box under Value to record the value of the liability in question.
You can use the button under the Documents section to upload any necessary supporting documents.
Once done, if you need to add another liability for this individual, click ADD ROW and repeat the steps under point 8 above.
Finally, click SAVE and then CLOSE.
Recording individual's income
If you are editing an existing reference and this section has been used previously, the button will say VIEW TABLE (click it and skip to Step 7 of this section). If this is the first time this section has been used, the button will say LINK TABLE.
Click the button and a new pop-up will appear.
This pop-up asks if you want to create a new dataset, or link to an existing one. If you have recorded this information elsewhere - in another dataset, click the Existing button and choose which dataset you want to link from the the list under Linked Entity. Otherwise, you'll need to create a new table dataset. Select New.
Once you have chosen New or Existing, click CONFIRM to proceed or CANCEL to go back to the financial soundness assessment record.
A new pop-up box will appear.
You can give a descriptive name to this dataset under Dataset description, and then choose the person who's income you are recording from the dropdown list next to Income. NB - if the applicant who's income you are recording doesn't appear in this list, you'll need to create them as a Person Entity first - here's how).
If this is a blank table, with no information in it currently, skip to step 8. Otherwise if there is already information here you can update an existing row here by clicking the EDIT button, or add a new additional information request for the same person here by clicking ADD ROW, and following the steps below.
In this table dataset you can:
Use the dropdown box under Source of income to record the source of income in question.
Use the text box under Description to give details about the income.
Use the radio box under the Sole income? to confirm if the liability is held solely by the individual or not.
Use the radio box under the Household income? to confirm if the liability is held jointly with someone else or not.
Use the text box under Value to record the value of the income in question.
You can use the button under the Documents section to upload any necessary supporting documents.
Once done, if you need to add another liability for this individual, click ADD ROW and repeat the steps under point 8 above.
Finally, click SAVE and then CLOSE.
Recording individual's expenditures
If you are editing an existing reference and this section has been used previously, the button will say VIEW TABLE (click it and skip to Step 7 of this section). If this is the first time this section has been used, the button will say LINK TABLE.
Click the button and a new pop-up will appear.
This pop-up asks if you want to create a new dataset, or link to an existing one. If you have recorded this information elsewhere - in another dataset, click the Existing button and choose which dataset you want to link from the the list under Linked Entity. Otherwise, you'll need to create a new table dataset. Select New.
Once you have chosen New or Existing, click CONFIRM to proceed or CANCEL to go back to the financial soundness assessment record.
A new pop-up box will appear.
You can give a descriptive name to this dataset under Dataset description, and then choose the person who's MONTHLY expenditures you are recording from the dropdown list next to Income. NB - if the applicant who's expenditure you are recording doesn't appear in this list, you'll need to create them as a Person Entity first - here's how).
If this is a blank table, with no information in it currently, skip to step 8. Otherwise if there is already information here you can update an existing row here by clicking the EDIT button, or add a new additional information request for the same person here by clicking ADD ROW, and following the steps below.
In this table dataset you can:
Use the dropdown box under Source of expenditure to record the source of expenditure in question.
Use the text box under Description to give details about the income.
Use the radio box under the Sole expenditure? to confirm if the expenditure is incurred solely by the individual or not.
Use the radio box under the Household expenditure? to confirm if the expenditure is a household expense or not.
Use the text box under Value to record the value of the income in question.
You can use the button under the Documents section to upload any necessary supporting documents.
Once done, if you need to add another liability for this individual, click ADD ROW and repeat the steps under point 8 above.
Finally, click SAVE and then CLOSE.