Practitioner EditionPractitioner Edition: Why am I seeing?

Why do I keep seeing a ”Member Details Required” error message?

When you setup a fund in Mclowd, you are required to specify whether the Fund has a corporate trustee or all members as trustees. If you specify ”All members as Trustees”, Mclowd will automatically create the first member.  You will then need to enter needed information for that member before proceeding with any other setup task. Mclowd will display the ”Member Details Required” warning instead of presenting the Fund Setup Menu.

Similarly, if you have created a member but failed to enter all the required information about that member, Mclowd will display an error message and you will need to navigate to the Member Details screen (via the Fund Setup menu) to complete the required member details.

Member details missingFor example, you cannot process end of year tax returns if you have members whose tax file number is not on file. In this case, Mclowd will display:

Member tax file no missing

To remedy either error, click UPDATE NOW to move to the Member Details screen and complete all required fields:

Member details

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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