When you invest in bonds, you effectively lend money to a government or company at an agreed interest rate for a specified amount of time. The borrower promises to pay you interest at regular intervals, and to repay your loan at the end of the term.
If your Fund holds bonds, you can enter details in the Investments section of the Mclowd Fund Setup procedure.
In the Fund Setup Menu, select INVESTMENTS or go to https://app.mclowd.com/assets?entryType=balance.
Mclowd displays this screen:
Click ADD NEW OPENING BALANCE.
Select the Account.
In the Asset Class drop-down, select Bonds. Accept the default Asset Category (Domestic), or change to Foreign if this is a foreign investment.
Enter the Asset Name.
In Asset Type, choose Government or Corporate.
Enter your Certificate Number and the applicable Coupon rate (%).
Enter the date you purchased this Bond, and the date it Matures, by selecting from the popup calendar.
Enter the total purchase cost of the Bond.
Enter the Volume (number of units you hold)
Click SAVE ASSET or SAVE & ADD ANOTHER if you have more Bond Investments to add.
Go back to INVESTMENTS on the FUND SETUP menu to add other types of investments.