One of FamilyProperty's innovative features for lawyers is the ability to populate a balance sheet for the other side enabling lawyers to capture valuations and proposals and model them against your client's balance sheet. From here you can also take advantage of our joint documents and Neutral Balance Sheet which brings both party's balance sheets together in the one screen.
So how do you populate the other side's balance sheet? From the left-hand menu, you can click on their sheet and manually add each item, however there are more time-effective methods that are covered here including:
- Copy your client's balance sheet
- Import a balance sheet (see instructions here)
- Send a blank balance sheet to the other party via a shareable link
Copy your client's balance sheet
Watch this video to learn or read the below instructions
Step by Step Instructions
Once your client's balance sheet is populated with the Assets, Liabilities and other items relevant to the matter, simply:
1. Click on the 'Actions' drop-down at the top of the balance sheet and click on 'Copy to Other party':
2. After the confirmation message appears, click on the other party's balance sheet using the left-hand menu to open it up where you will see the populated balance sheet.
Note: This process copies all values as well as any proposals already added into your client's balance sheet. Simply use the 'Actions' drop down again to 'Clear all Proposals' &/or to 'Clear all values' so you can enter these details manually. Alternatively, click on any value that needs updating and edit it, or move to slider to adjust the proposal for any item to reflect the other party's position.
Import a Balance sheet
If you have a completed balance sheet in Word or Excel in the Family Courts format, you can Import the balance sheet using the 'Actions' drop down. This function is available in your client's balance sheet also - see instructions on how to do this here
Send a blank balance sheet to the Other Party to complete
This option is convenient as it means the other party does the work, however a little time may be required to match items to your client's balance sheet. See steps below on how to do this:
1. Once in the other party's balance sheet, the first step is to save a version. To do this, click on 'Versions' at the top of the balance sheet, then 'Save' and give it a name.
2. Once saved, you will notice a link icon appears beside the name of the balance sheet.
3. Click on this icon, ensure 'can edit' is marked and the click on the access link to copy and email it to the Other side to complete:
4. When the Other party open their link, they will need to click the 'Add' button and complete the form for each item.
Once filled out, the items will automatically populate into this version of their balance sheet. Before making any changes to this yourself, we recommend saving your own version using this data to ensure your work is kept separate to the version shared with the other side.
The easiest way to match items in both parties balance sheet, is via the Neutral Balance sheet available using the left-hand menu.
Frequently asked questions
Q1. If I add an extra item to my client's balance sheet, how do I add it to the other side's balance sheet?
Once the item appears in your client's balance sheet, simply click on the item and scroll down to the bottom of the form and click on the button 'Copy over this..."