Vyzer's Holding Entities Management feature gives you more control over how you categorize and organize your financial portfolio. This guide will walk you through using this powerful new tool.
Watch Our Explainer Video
For a quick visual overview of the Holding Entities Management feature, check out our explainer video: Watch Holding Entities Management Video
What are Holding Entities?
Holding entities are organizational structures you can use to group your assets and liabilities. They help you better visualize and manage different parts of your financial portfolio. In your Vyzer account, the holding entity is an attribute that you can assign to any asset or liability, allowing you to filter, sort, and view real-time performance and gain valuable insights for each of your entities.
Accessing Entities Management
You can access this feature in two ways:
Go to "My Account" > "Preferences"
From any asset or liability info tab, scroll down to the 'Holding Entity' section. Here, select 'Edit Entities Management' to access the Entities Management page.
Creating a New Holding Entity
Navigate to "Preferences" under "My Account"
Click "Add New Entity"
Enter a name for your entity
Choose a color (for easy visual identification)
Add a description (optional, but helpful for remembering the entity's purpose)
Setting a Default Holding Entity
Having a default entity streamlines the process of adding new assets or liabilities.
In the Holding Entities Management section, select your preferred default entity
This entity will now be automatically selected when adding new assets or liabilities
Note: If you haven't selected a default, Vyzer will use the entity with the most assets as the default.
Editing or Deleting Entities
Go to the Holding Entities Management section
Find the entity you want to modify
Click to edit its details or delete it entirely
Tips for Effective Use
Use descriptive names for your entities
Assign distinct colors to make identification easier
Regularly review and update your entities to ensure they reflect your current financial structure
Benefits of Using Holding Entities
Better Organization: Categorize your assets and liabilities for clearer financial oversight
Visual Clarity: Use colors to quickly identify different parts of your portfolio
Efficiency: Save time when adding new assets or liabilities by using default settings
Remember, effective use of holding entities can significantly improve your financial management experience in Vyzer. If you have any questions after watching the explainer video and reading this guide, don't hesitate to reach out to our support team.