How Can We Help?

Categories
Article contents

Member weighted average (legacy method)

To enable you to correctly calculate tax liabilities for various members and correct profit distribution among members, Mclowd will calculate Member Weighted Averages.

Note: You can manually override the % allocations calculated by Mclowd, if necessary, in both the Net Profit and Loss Allocation to Member Accounts and the Allocate Income Tax screens.  

Simply type your values in the Override field before choosing the ALLOCATE button.

Choose RESET at the bottom of either the Profit/Loss column or Income Tax column to reset to defaults if you make an error entering new values.

When you are happy with the displayed values, choose SAVE. Mclowd displays a confirmation message. Choose OK.