To record acquisition of a new asset, click the ASSET tab, then the ADD NEW ASSET button.
Mclowd™displays:
In the Member Account drop down, select either Fund (for assets owned collectively by all members) or a member (for segregated assets to be owned by a member).
In the Asset Class drop down, select the asset type.
It is important to select the correct asset type when entering details of an asset acquisition. If an incorrect type is selected, it may be difficult to enter relevant information later. For example, if a Trust is mistakenly entered as a Direct Equity, you may be unable to enter end of year tax data. Take careful note of the description that displays when you type the asset code to verify that you selected the correct entity type. If in doubt, consult Mclowd™support staff for assistance.
In the Asset Category drop down, accept ''Domestic'', or click to select ''Foreign''.
For detailed instructions for adding each class of Asset supported by Mclowd, please refer to:
Add Assets – Fixed Interest Investments
Add Assets – Direct Property Investments
Add Assets – Alternative Assets
At this point in time, Mclowd™only allows Chess Depository Interests (CDI) and Stapled Securities to be added as Equities. This means that distribution income can only be entered as dividends. Please refer to Income - Introduction for further information on recording income from Chess Depository Interests and Stapled Securities.
