Trail manages expenses, assets, liabilities, and investments by household. So how do you represent the expenses of several individuals all living in the same household while keeping them separate?

In some situations, advisers can group all of the expenses together under one household to represent the total combined expenses of all parties.

However, combining expenses of all individuals doesn't always fit the lending situation. For example, if you have several flatmates renting, you may want to keep individualised expenses separate between all parties. Here's how to best manage this within Trail 😄

NOTE This process will mean expenses, assets, liabilities, and investments will all appear separately for each individual as well, so the client information section of your application may differ visually from what you are used to.

1. Have all participants loaded onto the profile. This step is vital in saving you time down the line 👍

2. Go to Position → Households → and click Add Household

3. Fill in the household details and select Participant 1 as the sole member of this household. Then click Done

4. Click Add Household again

5. Type in the same Household Address as previously completed. However, this time allocate the 2nd participant to this house only. Then click Done

6. Repeat the above step for however many participants you have

7. Now, you may go to Position → Expenses → and you'll see that there is a separate household for each individual 🎉 You can now fill in each person's expense details separately from each other 👍