Overview
Self Employed refers to people who 'work for themselves' in either a wholly owned or part-owned organisations, including when operating as a (paid) Director.
There are three Status options for Self Employed:
Primary Employment – Primary Employment is generally selected for the Person Applicant's Full Time employment. There can only be one Primary Employment for each Person Applicant.
Secondary Employment – Secondary Employment is selected for any Part Time or Casual Employment. There can be multiple entries of Secondary Employment for each Person Applicant.
Previous Employment – Previous Employment is used for any employment previously held. This is entered to create a history of employment for the Applicant.
Step-by-Step Instructions
Step 1
Once you have entered a Person Applicant, you may enter their employment details.
Ensure that you are on the Current Situation tab, Person Applicant menu icon.
Next, click on Employment in the page menu.
Step 2
Select Add Employment.
From here, you are able to select the Employment Type and Employment Status of the applicant.
Assuming that the borrower's primary employment is self employed, click on Self Employed and Primary Employment.
Step 3
You are now presented with the data fields required to add Self Employed information.
Red Boxes
All boxes outlined in red are mandatory fields.
Notice the Messages drop down which contains a list of all mandatory fields which require completion.
Step 4
When you have successfully entered self employment information for the Person Applicant, Messages will be indicated by the number zero and a "thumbs up" in the page menu.
Auto Save: You can safely click anywhere in the application at any time; auto saving ensures you never lose any input.
Step 5
Next, enter the specifics of the applicant's self employed income. You will notice that there are different financial years appearing in the page menu.
Click on the most recent year and notice the page heading of Year to Date Income.
Enter the appropriate information.
Step 6
You may now enter the previous year's income.
Click on the next financial year down the page menu and enter the appropriate information.
Step 7
Click on the next financial year down the list in the page menu and enter the appropriate information until the correct number of financial years has been fully completed.
Step 8
You have successfully completed the Employment, Self Employed section when Messages are indicated by the number zero and a "thumbs up" is located to the right of each item in the page menu.
If you now click on Employment in the page menu, you will notice a new entry under Employment List on the right hand side.
