Fund Set Up

3.4.3 Fund Setup: Investments – Bonds

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:

Fund Setup|Investments|Add Opening Balances

Click ADD NEW OPENING BALANCE.

Mclowd displays:

Fund Setup|Investments|Add New Opening Balance

Select the Account.

Assets|Add New|Select 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.

Mclowd displays:

Fund Setup|Investments|Bonds

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.


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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