Assets

4.1.4 Assets: Add Assets – Fixed Interest Investments

Fixed interest investments offer investors a regular income for a specified term with the expectation that the principal will be repaid at the end of the term (maturity date). Fixed interest investments are usually issued by corporations, government and semi-government bodies and financial institutions such as banks to raise funds. Examples of fixed interest investments include corporate bonds, government and semi-government bonds, capital notes, debentures and income securities.

To enter new fixed interest investments, from the ASSETS TAB, select ADD NEW ASSET.

Mclowd displays:

Assets Tab Button Menu

Click ADD NEW ASSET.

Mclowd displays:

Assets|Add New

Select the account.Assets|Add New|Select Account

In the Asset Class dropdown, select Fixed Interest. In the Asset Category dropdown, select Domestic or Foreign.

Mclowd displays:

Add Asset|Fixed Interest

Enter the name of the Fixed Interest Asset.

Select the original purchase date from the Purchase Date popup calendar.

Select the Maturity Date form the Maturity Date popup calendar.

Enter the balance (amount deposited).

Enter the interest rate for this fixed interest investment.

Select the bank or loan account from which funds were drawn to make this investment.

Click SAVE ASSET, or SAVE & ADD ANOTHER if you have more investments to add. Repeat the above steps until all your investments have been added.


NOTE: If, when your fixed interest deposit matures, you elect to roll the investment over, you will need to dispose of the asset and enter a new acquisition in order to correct the maturity date and account for any interest income reinvested.


about the author:

Lorraine Cobcroft

With a background in accounting and financial management, followed by two decades writing software documentation, Lorraine joined the Mclowd team in mid-2016 and is enjoying working with a dynamic team to enhance an innovative product that has the potential to revolutionize the way Australians manage their retirement funding. Lorraine is also an accomplished business writer, ghost-writer, novelist and short-story writer and poet.

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