Add assets – loan asset
Mclowd supports the addition of loans that are Fund assets (i.e. loans extended by the Fund to third parties who pay interest on the loan).
This type of asset is added via the BANK tab rather than through the usual method of adding assets.
For instructions on entering an asset loan extended after your Fund Start Date, please refer to Add Loan Asset Account
For instructions on entering an asset loan extended to a party prior to your Fund Start Date (i.e a loan that existed at the time you began recording transactions in Mclowd) please see Fund Setup: Band and Loan Accounts: Add an Asset Loan.