Setting Up MARQ Portal-Related Income/Expense Models

The Income/Expense Models - MARQ™ portal page enables system administrators to create portal-related income/expense models and determine which ones are available for financial data imported from the portal. This section also contains instructions for selecting default portal-related income/expense models.

Note  Information about controlling the ability of users to modify portal-related income/expense models appears in the Managing the Use of MARQ Portal-Related Balance Sheet and Income/Expense Models section.

To create portal-related income/expense models

Take the following steps from the Lending Cloud Locator page to access the Income/Expense Models - MARQ™ portal page:

1.  Defaults > Income & Expense > Chart of Accounts

     The Income/Expense Models page appears.

2.  On the Income/Expense Models page, click the MARQ portal Models button on the upper-right side.

     The Income/Expense Models - MARQ™ portal page appears.

     

     The following income/expense models at the top of the list are standard models that cannot be modified or deleted:

• Income / Expense - Commercial (MARQ portal)
  This model is available only for the following:

• Main entity (Other than Individual/Sole Proprietor)

• Related entities (Other than Individual/Sole Proprietor)

• Income / Expense - Personal (MARQ portal)
  This model is available only for related entities with Individual as the type.

       You can use the existing process of duplicating models to duplicate the standard income /expense models and modify them to meet specific needs. The modified models follow the standard models on the Income/Expense Models - MARQ™ portal page.

When you select the check box in the Entity column, you can select the corresponding commercial model as the default for the import process using the  Import Wizard Settings page. When you select the check box in the Indiv. column, you can select the corresponding personal model as the default for the import process using the Import Wizard Settings page.

Note  The check box in the Entity column cannot be selected for personal models. The check box in the Indiv. column cannot be selected for commercial models.

To select default portal-related income/expense models

System administrators use fields on the Import Wizard Settings page to choose default portal-related income/expense models at the institution level. Take the following path from the Lending Cloud Locator page to access the Import Wizard Settings page:

Defaults > MARQ™ portal Import Settings > Import Wizard Settings

The following fields on the Import Wizard Settings page enable you to establish default income/expense models for imported financial data:

• (Entity) Income / Expense Model
  Use this field to select the income/expense model for the main entity. The commercial models for which the check box in the Entity column on the Income/Expense Models - MARQ™ portal page are selected appear in the drop-down list. Choose the appropriate option from the drop-down list. Select the corresponding read-only check box to prevent users from choosing a different model during the import process.

• (Related Entity - Individual) Income / Expense Model
  Use this field to select the income/expense model for individuals imported as related entities. The personal models for which the check box in the Indiv. column on the Income/Expense Models - MARQ™ portal page are selected appear in the drop-down list. Choose the appropriate option from the drop-down list. Select the corresponding
  read-only check box to prevent users from choosing a different model during the import process.

• (Related Entity - Business) Income / Expense Model
  Use this field to select the income/expense model for businesses imported as related entities. The commercial models for which the check box in the Entity column on the Income/Expense Models - MARQ™ portal page are selected appear in the drop-down list. Choose the appropriate option from the drop-down list. Select the corresponding
  read-only check box to prevent users from choosing a different model during the import process.

After selecting the appropriate income/expense models, click the Save & Stay button at the bottom of the Import Wizard Settings page.