In a customer's profile page, you may access the "Income" dynamic worksheet from the "Assets" tab.
This is where you may fill up your customer’s sources of income, including SNAP, SSI, unemployment insurance, and more.
How to Enter Information in the "Income" Dynamic Worksheet
1. Expand income categories
Select an income category that you'd like to use first, Income or Income Supports. Click on the name of the income category to expand or collapse it.
2. Scroll down and click on the "Baseline Zero" button
Before filling in any of the fields, be sure to scroll down and click on the “Baseline Zero” button first.
Clicking on “Baseline Zero” helps to automatically enter the number 0 for each field in the "Income" dynamic worksheet.
Entering the number “0” (when a customer doesn't have anything in that account) establishes a baseline that allows Change Machine to track the customer’s progress. This also helps to indicate that you already have that particular conversation with your customer.
3. Fill in the fields in the "Current" column
Strike a conversation with your customers to find out your customer's sources of income. Enter the amount here as you go through each field with your customer.
As you fill in the fields, Change Machine automatically calculates the subtotals for each income category.
Tip: Your customer may not consider income supports such as SNAP, SSI or unemployment insurance as a source of income. As these are money that's coming into your customer's financial life, they're considered as income.
4. Toggle the appropriate period between weekly, monthly and annually
For a specific income source that you're entering for your customer, under the "Period" column, you may toggle between weekly, monthly and annually.
If a weekly or monthly period is selected, Change Machine automatically extrapolates the number to an annual figure under the "Annual" column.
Change Machine automatically saves and calculates all income sources entered.
The total monthly and annual income across all income categories may be found at the bottom bar of the screen.
Tracking Asset Balances Over Time
If you have seen the same customer over several meetings and have entered data in those meetings, you will be able to see historical information over time.
1. Click on a category name
For instance, this can be "Take Home Pay" or "Informal Job."
2. A detailed pane of information will appear on the right side
This pane displays the current income, along with a table of relevant historical income for that category
In the table of historical data, click on the "Period" or "Amount" column to edit data for past income.
Printing the Assets: Income Dynamic Worksheet
Clicking the "Print" button at the bottom of the Assets: Income dynamic worksheet will enable you to print a summary of the income amounts entered in the dynamic worksheet.
Depending on your customer's language preference selected within the customer's Details tab, the language on the printout will be in either English or Spanish.