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Mclowd User Guide for SMSF Trustees

Navigation: Income > Income: Add New Income > Income: Add Interest Income

Income: Bond or Term Deposit Interest

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There are some special considerations when entering interest received on a Fixed Interest or Term Deposit Rollover.

You will first process a receipt of interest income in the usual manner, adding either to a selected bank account (if only the principal is to be rolled over), or to your main bank account (if both principal and interest are to be rolled over).

You will then process a disposal of the original Term Deposit and a reinvestment of the desired amount.

 

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