Setting Global Cash Flow Preferences
Did you know there are preferences you can set for your global cash flows? Let’s say you want the global to use Total Gross Annual Cash Flow instead of Total Annual Cash Flow Available to Service Debt as the starting point. You can! Perhaps you want to exclude living expenses. There’s a setting for that! All you need to do is set up your global preferences in Bukers Taxanalysis and/or Bukers BTA. Read on to find out how.
Setting Global Preferences in Bukers Taxanalysis
The following applies if you only license Bukers Taxanalysis and do not license Bukers BTA. To set global cash flow preferences in Bukers Taxanalysis, click on the G button for the global module. Go to the EDIT menu and choose PREFERENCES.
In the bottom two sections of the Preferences screen you’ll see options relating to global cash flow. You can select to generate your global using Total Gross Annual Cash Flow or Total Annual Cash Flow Available to Service Debt. You can also choose whether you would like to deduct estimated living expenses or not.
Setting Global Preferences in Bukers BTA
Click on the EDIT menu and then choose GLOBAL PREFERENCES at the bottom of the list. At the top of this screen are the Individual Borrower Options. Here you can choose the same cash flow preferences that were included in the preferences for Bukers Taxanalysis.
In addition, you have several options for extracting Net Business Cash Flow Available to Service Debt. These options come from the six cash flow modules within Bukers BTA. You also have four choices for extracting Existing and Proposed Business Debt. These choices include the existing and proposed debt found on the custom cash flow models. If you entered debt into one of these cash flow models, please choose that model in preferences.
Customizing Existing Global Files
Preferences should be set prior to generating a global cash flow. Changing the global cash flow preferences in either Bukers Taxanalysis or Bukers BTA will only affect files created after the preferences were set. All global files created before the preferences were set will not change. However, you can still modify these global files to specify where cash flow and debt is extracted.
To modify an existing global file, open the file and click the CUSTOMIZE button at the bottom of the screen. If there are Scenarios listed, choose the scenario you would like to change. Otherwise click NEXT to customize the default scenario which is named “All Items.”
On the Scenario Customization screen, you will find a list of all files you selected for your global cash flow. If you have included a BTA file, you will also find all the tax returns/financial statements you chose to include in your global on this list. Double click on the item on the list you would like to customize. Here you can specify the percentage of ownership as well as make changes to the same items found in preferences. For Bukers Taxanalysis this would be where to select Net Personal Cash Flow Available to Service Debt and choose whether to deduct Estimated Living Expenses. For Bukers BTA this would be where to select Net Business Cash Flow Available to Service Debt as well as Existing and Proposed Business Debt.
Once you have finished customizing your global, click the NEXT button and provide a name for your new Scenario. Click FINISH and that’s it! The Scenario drop down box at the bottom of your global screen will list all the scenarios you have created.
For help with setting preferences, customizing global cash flow, or any other feature of Bukers Taxanalysis and Bukers BTA please call our hotline at (503) 520-1303.