Fund Set Up

3.4.4 Fund Setup: Investments – Fixed Interest

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 the opening balances of all your Fund’s Fixed Interest investments:

From the Fund Setup Menu, select INVESTMENTS.

Mclowd displays:

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 Assets Class, select Fixed Interest.

In the Assets Category, accept Domestic, or select Foreign.
Mclowd displays:

FundSetup_Investments_FixedInterest_OpeningBal

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 as at the date of commencing recording in Mclowd.

Enter the interest rate for this fixed interest investment.

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

Mclowd will now display the Investments Screen with your Fixed Interest investments listed.

Fund setup|Investments|Fixed Interest investments List

Check that the list displays all fixed interest investments correctly.

Go back to FUND SETUP: INVESTMENTS to add other investment types.


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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