Introduction to suspense allocations (Pro version)

Mclowd provides users with two options in terms of suspense allocations:

• A legacy interface (available to all users)
• An upgraded interface which incorporates a tabular interface for faster transaction processing (for which access is restricted to Pro and Premium users only)

**NOTE:

• The suspense allocation function – in either mode – is not suitable for adding a new property or any additions to that property
• That should be done only via Add New Asset or Assets screens
• However you can allocate property-related rental income and deductions via suspense allocation

This balance of this introductory article relates to the Pro version interface.

Once you have imported your bank data:

• Choose Suspense Allocation from the Transactions menu
• You will then see the Allocate Suspense Entries screen

From the Allocate Suspense Entries, you will see a list of transactions that are available for allocation.

You can sort via the following columns:

• Entry ID
• Date.
• Source Account
• Reference
• Description.
• Member Account
• Account
• Amount
• Actions

You can also use the Search FUNCTION in the top right corner to search for a particular transaction.

The following series of Knowledge Base articles covers:

• Expenses relating to the fund
• Expenses relating to a member
• Contributions
• Dividends
• Rental income
• Distributions
• Bank transfers