Year end market revaluation (legacy method)
In this step, you will choose whether or not you wish to revalue assets held by your Fund.
You should already have chosen Edit Year End Data in the Actions menu for the Financial Period you wish to finalise, and chosen the MARKET REVALUATION button on the Financial Periods Button Menu.
Mclowd will display a list of assets owned by the fund as at that date.
Note: For most equities listed on the ASX the 30 June valuation will be automatically picked up and presented in the summary table. For other assets, you should use your end of year statements, consult your financial adviser, or navigate to a relevant website to look up unit values as at 30 June and manually input the June 30 unit price for each asset.
Check that the Valuation Date displayed is June 30 for the year you are closing.
Confirm that the Price Per Unit and Number of Units are displayed correctly. If not, you can make changes in either of these fields. The Total Value of the holding will the display, together with the calculated Gain/Loss at Year End.
You should carefully check and confirm that
- All of your Fund’s investments are listed (including any that were acquired during the financial year).
- All investments are correctly named and displayed IDs and Asset Classes are correct.
- Mclowd™ correctly displays the number of units (shares) held as at June 30.
- The price per unit displayed is correct.
(You may need to cross-check with the ASX website, the company website, end of year statements from companies, Unit Trusts or Managed Funds, etc., or a report from your financial adviser or accountant to verify that all displayed prices are correct.) Note: At this point in time, if you have made multiple investments to a Managed Fund or Unit Trust, Mclowd may display each investment as a separate asset rather than consolidating as it does for Direct Equities. You may need to manually add the units acquired at each reinvestment or additional investment in order to verify that the total units reported in Mclowd matches your total holding.
Choose RESET VOLUMES to reset to the latest calculated totals for the displayed date. (This is useful if you feel you may have made an error when editing and you wish to reset to default values for that date and start over. Be aware, however, that the latest calculated totals may be out of date if you have updated your holdings since you last saved the valuation.)
Choose SAVE REVALUATION to save the values shown.
A message displays asking you to confirm that you wish to save these valuations. Choose OK.