You do not need to perform this step if starting the new account from July 1.
Ensure you have finalised the Year End and go directly to Completing the Conversion.
When you have set up an Interim period and revalued assets, Mclowd™ displays the Interim Taxable Income Menu.
With the exception of INTERIM TRUST DISTRIBUTIONS, which generally cannot be completed mid-year due to the fact that statements are only issued following year end, you will need to complete each of the steps on this menu to calculate the Fund’s taxable income as at the Interim To date.
The fact that the steps are referred to here as ‘’Interim’’ does not affect the way in which each step is performed, except that you may not have data to complete some steps accurately for a mid-financial-year date. This will not compromise the performance of this feature.
