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Adding a Holdback

Ailsa Kennedy avatar
Written by Ailsa Kennedy
Updated over a week ago

When there are funds you wish to holdback from the total residue available for distribution calculation (Estates) or any legal fees/compensation you wish to keep track of in the system, please add this Inventory item following the steps below:

  1. Go to the Inventory

  2. Select the "Liabilities" tab

  3. Add a New Liability

  4. Select the Liability type as "Holdback"

  5. Enter the value and type of Holdback you wish to account for

  6. Save this Liability

This total will now be calculated correctly as a current liability of the Estate, Trust of POA and will be taken out of your total funds when calculating any distributions or remaining cash on hand.

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