高效地客户现金流外文翻译.docx

高效地客户现金流外文翻译.docx

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高效地客户现金流外文翻译

本科毕业论文（设计）

外文翻译

原文：

VariablepayEfficientlyMonitorClientCashFlow

Asanothercalendaryearwanesclientsturntofinancialplannersforstrategiestomaximizeopportunitiesrelatedtotheendoftheyear.Manyoftheyear-endplanningstrategiespreparedbyfinancialplannersarecontingentonknowingaclient'sincome,expenses,andcashflowfortheperiod.Itisalsoatimewhenplannersrevieweventsoverthepast12monthsandassessaclient'sprogresstoanexistingfinancialplan.

Plannersrecognizehowimportantcashflowmonitoringiswhenidentifyingplanningopportunitiesforclients,butthevolumeofdatagathering,traditionallycompletedusingpaperformsorspreadsheets,canquicklybecomeoverwhelming.Also,clientsmayfailtokeeptheirrecordsupdated,orbackofficestaffmaygetboggeddownindataentry,makingtheprocessofyear-endplanningunappealingbecauseoftheamountofworkinvolved.Fortunately,newtechnologyisavailablethatishelpingplannersminimizemanyofthetediousstepsinvolvedinthedatagatheringprocess.Ispokewithtwoplannersaboutsolutionstheyareusingtostreamlinethecashflowdatagatheringprocessandreducethetimerequiredtocreateyear-endstrategiesforclients.

TraditionalDataGatheringTechniques

Plannersimplementavarietyoftechniquestogatherdatarelatedtoaclient'scashflow.Thelevelofdetailcollectedlargelydependsonthecomprehensivenatureoftheplanningprovidedforaclient.Someplannerscollectonlytheinformationneededforyear-endtaxplanning,whileothersgatherextensiveincomeandspendingdataforacomprehensivecashflowanalysis.

Theleastefficientmethodtogathercashflowinformationistorequestcopiesofclientspaperstatements.Whilestatementscanbeprovidedineitherhardcopyorelectronicform,clientsmuststillcollatetheirdocuments,deliverthemtotheplanner'soffice,andwaitforstafftomanuallyreviewthestatementsandentertheinformationintoappropriateplanningtools.Processingdatamanuallycantakeseveraldays,issusceptibletodataentryerrors,andisnotscalableasfirmsgrowtheirnumberofactiveclientrelationships.

Asanalternative,someplannersprovidecustomformsorspreadsheettemplatestoclientsfordatagathering.Theformshelpclientsconsolidatecashflowinformationintoonedocument,andthesummarizeddatahelpsreducetheplanner'sturnaroundtimeforprocessingthedata.Nevertheless,formsandtemplatesrequireclientstodiligentlytracktheirowndataandtranscribethenumbersintotheprovidedforms,aprocesssomeclientsaren'tinclinedtocomplete.

LeveragingSoftware

Tohelpsimplifypersonalincomeandexpensetrackingforclients,plannersoftenrecommendclientsusedesktoppersonalfinancesoftware.ThemostpopularsoftwareprogramavailableistheQuickensuitefromIntuitInc.ofMountainView,California.QuickBooks,alsoofferedfromIntuitInc.,isanotherpopularoptionforclientswhooperatesmallbusinesses.MoneyPlusfromRedmond,WashingtonbasedMicrosoftCorp.isnolongerapracticalalternativeasthecompanyannounceditdiscontinuedproductdevelopmentlastyearandisofferinglimitedproductsupportthroughJanuary2011.

Insteadoftrackingtransactionsonpaperforms,clientsuseanaccountregisterinQuickenandassigncategoriestoeachone.Activitycanbetrackedinanynumberofpersonalaccountsincludingchecking,savings,creditcards,loans,andinvestments.SimilartoQuickBooks,QuickenHome&Businessaddsthecapabilitytotrackbusiness-relatedtransactionsthatcanbeusefulforself-employedclientsorthosewhofreelanceinadditiontotheirprimaryjob.

Forthemostpart,clientsentertransactionsmanuallyintoQuicken.However,allversionsofthesoftwareofferautilitycalledOneStepUpdatethatdownloadstransactionsandaccountbalanceinformationfromsupportedfinancialinstitutions.AsofMay2009,Quickensupportsmorethan6,700financialinstitutionsthroughitsOneStepUpdateutility.

WhileOneStepUpdateisaconvenientwaytoautomatetransactionentryintoaccountregisters,clientsmustoftencorrectthepayeenameorcategoryassignedbydefaulttodownloadedtransactions.Inaddition,clientsmustremembertoopenQuickenperiodicallyandactivatetheOneStepUpdatedownload.Ifsubstantialtimepassesbetweendownloads,clientsmaybeoverwhelmedbytheamountoftransactionsthatrequirechangestothepayeenameorcategory.

AFreshCashFlowTool

Insteadofaskingclientstomanuallytracktransactionsorconsistentlydownloadandreviewtheminpersonalfinancesoftware,plannersareturningtooneofthemostefficienttoolsavailabletoautomatepersonalfinancemanagement.ThetoolisM,apopularweb-basedpersonalfinanceapplicationacquiredbyIntuitfor$170millioninSeptember2009.

Mallowsclientstocreateanonlineaccountusingjustane-mailaddress,ZIPcode,andpassword.Oncetheaccountisactive,clientscanaddconnectionstotheirchecking,savings,andcreditcardaccountsatfinancialinstitutions,informationaboutrealestate,anddetailsaboutotherpersonalassetsandliabilities（forexample,vehicles,personalloans,orotherproperty）.

ClientsentertheirusernameandpasswordcredentialsforeachfinancialinstitutiontheywishtoconnectwithM.Dependingoneachinstitution'ssecuritysettings,clientsmayneedtoansweradditionalsecurityquestionstosuccessfullyactivatetheconnections.AlloftheaccountlogincredentialsareencryptedpriortobeingstoredonMservers,andallconnectionswithfinancialinstitutionsareread-only,soitisnotpossibleforMint,comtowithdrawortransferfundsfromconnectedinstitutions.AdditionalinformationonallofM'ssecuritypoliciescanbefoundat

Onceallconnectionsaresuccessfullyactivated,Mautomaticallydownloadsrecenttransactionsfromconnectedfinancialinstitutionwebsitesandstorestheminitsowntransactionrecord.AswithQuicken,Mautomaticallyassignscategoriestodownloadedtransactions,butwithbetteraccuracy.BecauseMisusedbymillionsofpeople,thesoftwareusesitsknowledgeofhowotherpeoplecategorizetransactionsassociatedwithspecificpayeesandvendorsandappliessimilarcategoriestonewtransactions.Mperformsalldatagatheringbehindthescenesandgeneratesanaccuraterecordofallincomeandexpenses,eliminatingtheneedforclientstoconductanydatagatheringwhatsoever.

ApplicationsforPlanners

IfirstspokewithJohnD.Berger,CFP®,ofALTUSWealthSolutionsinSanLuisObispo,California,regardinghisfirm'sapproachtocashflowmonitoring.BergerencourageshisclientstouseMorQuickBookstotracktransactionsandusesreportsfromtheprogramstopopulateaproprietarycashflowworksheetALTUSdevelopedusingMicrosoftExcel.

"Cashflowissomethingweworkonearlyinthefinancialplanningengagement,"saysBerger."SinceweuseMintorQuickBooksformostclients,it'sassimpleasaskingforanupdatedreportjustpriortooneofourquarterlyupdatemeetings,usuallyaboutonceayearunlesstheclientfeelsthereisanissueandtheywanthelp,andthenIpluginthedatatothecashflowworksheet."AccordingtoBerger,theprocessofcopyingthedatafromreportsintotheworksheettakesjustafewminutes.

ALTUS’scashflowworksheetlistsincomefromfourdifferentsources（thatis,householdmembers）,butitdoesnotdistinguishtypesofincomesuchaswages,self-employment,rental,orpartnership."Theprimarygoaloftheworksheetistofocusonclients'cashflow,"Bergercontinues."It'snotintendedtobeacomprehensivefinancialplanningtool,butwedousethe[cashflow]datatopopulateourfinancialplanningsoftware.Allwecareaboutisincomeintothehouseholdregardlessofwhereitcomesfrom.Ifwemadetheworksheettoocomplicated,clientswouldstarttobreakout."

Expensesintheworksheetaretrackedforabout40categoriesthatareseparatedintofourgroups:

•Taxes,federalandstatewhereapplicable.

•Pastobligatoryexpansessuchashousingcosts,autoexpenses,andchildcare.

•Currentcontrolexpensessuchasentertainment,groceries,andcableTV.Bergerusesthedatatodetermineclients'ratio.

•Futureexpenses,thatis,netsavings.

Onceallhouseholdincomeandexpensesareidentified,Bergerusestheworksheettogiveclientsanassessmentoftheirspendinghabits.Bydefault,Bergerchallengesclientstosave15percentoftheirannualgrossincome,agoalhesaysclientsareveryclosetoachievingafterusingthesystemforthefirstyear.Hesays,"Itdoesn'ttakelongforclientstoseehowpotentcashflowmanagementcanbeasatooltogetthemwheretheyneedtobeforbuildingfinancialindependence."

AsforclientadoptionofALTUS’sdatagatheringmethods,Bergeradds,"Ihaveneverbadaproblemwithcomplianceortransparencyinthisareabecausetheclientsallunderstandthatcashflowmanagementisthekeytobuildingwealth,farmoresignificantthananythingwecandowiththeirinvestmentaccounts.That'showwesetitup,andIhaveyettomeetapersonwhodisagreeswiththepremise."

AnotherplannerusingMtostreamlinethecashflowdatagatheringprocessisJoePitzl,CFP®,ofMindfulAssetPlanning'inAppleValley,Minnesota.ThefirmusesMinconjunctionwithFirstStepCashManagement™,atoolcreatedbyMartinKurtz,CFP®,ofThePlanningCenterInc.inMoline,Illinois.The"threebucket"cashflowstrategyessentialtoFirstStepCashManagementwashighlightedinapreviouseditionoftheJournalofFinancialPlanning.

PitzlsaysthatM"reallyacceler