The next step in the Fund setup process is revaluing your Fund's assets.
You have entered all your assets at their original purchase price. Mclowd™ will have updated some of the values to the price at today's date. This is NOT what you want. You want to start using Mclowd™ with the value set at the correct value for that asset on your Migration Date.
On the Fund Setup button menu, click REVALUATION AT MIGRATION.
Mclowd™ presents the Asset Revaluation at time of Migration screen, with the date correctly set at 30/06/yyyy (with yyyy being your start year).
Verify that the date is the day before the day you have chosen to start recording in Mclowd™.
Mclowd™ asks you to confirm that you wish to overwrite previous values.
If your Fund has segregated assets, repeat the Revaluation process for assets held in Member Accounts.
When revaluation is complete, you can check your Asset Values by running an Investment Holding Report as at the Start Date (from the REPORTS tab).
Now, proceed to the Receivables section of the setup process.
