Fund Set Up

3.4.5 Fund Setup: Investments – Unit Trusts

A unit trust is a form of managed investment that pools money from a variety of investors and allocates ”units” to members of the trust, based on the amount they invest. Funds, which are managed by professional managers, are then used to access a wide range of investments and markets, some of which are not available to individual small investors.

If you have investments in Unit Trusts, you can enter details in the Investments section of the Mclowd Fund Setup procedure.

In the Fund Setup Menu, select INVESTMENTS.

Mclowd displays this screen:

Fund Setup|Investments|Add Opening Balances


Mclowd displays:

Fund Setup|Investments|Add New Opening Balance

Select the Account.

Assets|Add New|Select Account
In the Asset Class drop-down, select Unit Trust. Accept the default Asset Category (Domestic), or change to Foreign if this is a foreign investment.Fund Setup|Asset Class

Mclowd adds the Holding and Unit Trust sections to the display.

Fund Setup|Investments|UnitTrusts|AddHolding

In the Holding drop down, select

  • Create a New Holding|New Holding and New Parcel (if you are adding both a holding and units)
  • Create a New Holding|New Holding Only (to enter just a stock code with no units

Enter the Stock Code for this Unit Trust. As you begin to type, Mclowd will provide a drop-down selection list. Select your Holding. The full Asset Name will appear in the Asset Name field.

NOTE:  If you have made multiple purchases of Units in the same Trust at different times over the period prior to beginning to use Mclowd, you should enter each purchase separately, specifying the date of that purchase, number of units and cost.

Once you have entered the first purchase of units, the Stock Code and Unit Name will appear in the Holding drop-down. Select that holding to enter a subsequent purchase of additional units.

Enter your Holder Number.

Fund setup|Investments|Unit Trust

Enter the date you purchased these units and the total cost of the units.

In Volume, enter the number of units purchased.

Click SAVE ASSET or SAVE & ADD ANOTHER if you have more Investments to add.

Go back to INVESTMENTS on the FUND SETUP menu to view a list of your Fund’s assets.

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.

Leave a Reply