To record acquisition of a new asset, click the ASSET tab, then the ADD NEW ASSET button, or go to https://app.mclowd.com/asset?mode=new&entryType=new&redirect=assets.
In the Member Account dropdown, 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 dropdown, select the asset type.
NOTE: 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 dropdown, accept ”Domestic”, or click to select ”Foreign”.
For detailed instructions for adding each class of Asset supported by Mclowd, please go to:
- Add Direct Equities investments
- Add Hybrids investments
- Add Bonds investments
- Add Fixed Interest investments
- Add Unit Trust investments
- Add Managed Fund investments
- Add Direct Property investments
- Add Alternate Assets investments
- Add Derivatives investments
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 Section 6: Income – Introduction for further information on recording income from Chess Depository Interests and Stapled Securities.