When you have finished entering the details of all the Assets your Fund held as at the date of commencing entering transactions in Mclowd, go to https://app.mclowd.com/assets?entryType=balance, or click INVESTMENTS on the Fund Setup Menu.
Mclowd now displays a list of your Fund’s investments together with critical information about each. Assets are grouped according to type. Depending on type, Mclowd may display the purchase date, volume held, cost, interest rate (e.g. for fixed interest securities), opening balance (e.g for bank accounts), etc.
Check carefully that every asset your Fund held as at the opening date is correctly entered.
You can verify details of each investment by clicking on the underlined asset name.
Mclowd will display the total value of all assets held.
NOTE:. At this stage, the total value shown may not equal the asset balance shown on your financial statements, because revaluations have not yet been completed. Except in the Cash section, where current bank balances should display, the totals shown will generally reflect the total original purchase cost of all assets. Revaluation is the next step in the Fund Setup Process. Revaluation will adjust the values to the correct values as at Migration date.