Mclowd™allows you to record income to the Fund in various forms:
•Interest income on cash, term deposits, etc.
•Dividend income on direct equities (either in cash or reinvested)
•Income from Managed Funds, Unit Trusts, etc (either in cash or reinvested)
•Rental income from properties
•Contributions by or on behalf of members (in cash or in specie)
•Roll ins to member accounts
NOTE RE INCOME FROM STAPLED SECURITIES AND CHESS DEPOSITORY INTERESTS:
Currently Mclowd™only allows Chess Depository Interests (CDI) and Stapled Securities to be entered as Equities. The income from these investments therefore must be entered as dividends. The income is actually a distribution, usually allocated after year end into various categories that are not allowed for in the income categories provided when entering dividend income.
Please contact the Mclowd™support team for assistance to enter CDI and Stapled Security income.
To enter income received, click the INCOME tab.
Mclowd™ displays the Income button menu and, if you have previously entered income receipts, a list of previous entries of income.
Transactions will be grouped according to income type.
The Income Tab offers a choice of three buttons for entering income.
On the right side of the screen, Mclowd™offers two selection fields to enable you to select the Financial Year for which you wish to view entries, and the Account for which you wish to view income entries (Entire Fund, or a particular member account if your fund holds segregated assets.)
