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Create, Edit, and Delete Assets and Liabilities
There are three different ways you can add assets, liabilities, and held-away investment accounts to Tamarac. Which one you'd use depending on the type of asset or liability you're trying to capture. The methods are:
Manually create and maintain an asset, liability, or held-away investment account.
Link an asset, liability, or held-away investment account to see only the balance updated daily.
Link a held-away investment account to see full transactions, holdings, and performance data updated daily.
This page provides links to all the different pages that describe how to create, edit, or delete assets, liabilities, and held-away investment accounts.
Assets and liabilities in Tamarac can cover a wide array of financial holdings, including bank accounts, real estate, art collections, businesses, various types of loans, mortgages, brokerage accounts, and more. Throughout this page, we use assets and liabilities as a shorthand to refer to all those possible financial holdings.
You can create assets and liabilities using the following methods:
To manually create an asset or liability: Create, Edit, and Delete Manual Assets and Liabilities
To create balance-only or reconciled linked accounts: Link, Edit, or Unlink Accounts on the Aggregated Accounts Page
To create balance-only linked accounts: Link, Edit, or Unlink Accounts on the Households Page
For steps on how clients create balance-only linked accounts: Link, Edit, or Unlink Accounts on the Client Portal
For steps on how clients create manual assets or liabilities: Manually Add Assets and Liabilities From the Client Portal
You can edit assets and liabilities in the following locations:
To edit a manual asset or liability: Create, Edit, and Delete Manual Assets and Liabilities
To edit a balance-only or reconciled linked account: Link, Edit, or Unlink Accounts on the Aggregated Accounts Page. For information on editing reconciled accounts: Edit Linked Account Details and Credentials.
To edit a balance-only account: Link, Edit, or Unlink Accounts on the Households Page.
For information on how clients edit balance-only accounts or manual assets and liabilities: Use the Client Portal Assets & Liabilities Page
When you delete a manual asset or liability, its history is also deleted.
When you delete a linked asset or liability:
You can delete or unlink assets and liabilities in the following locations:
To delete a manual asset or liability, see Create, Edit, and Delete Manual Assets and Liabilities
To delete a balance-only or reconciled linked account, see Link, Edit, or Unlink Accounts on the Aggregated Accounts Page.
To delete a balance-only linked account, see Link, Edit, or Unlink Accounts on the Households Page.
To allow clients to delete their own linked accounts, see Link, Edit, or Unlink Accounts on the Client Portal.
For information on how clients delete balance-only accounts or manual assets and liabilities: Use the Client Portal Assets & Liabilities Page
For more detailed information on assets and liabilities, the Net Worth report, and linked accounts, see the following pages: