Simple Fund 360 and Simple Invest 360 Update – 27 September 2023

We are excited to announce the latest update for Simple Fund 360 and Simple Invest 360. Click here to check out the full release notes.

Learn what’s new at our New Features Webinar on Tuesday 24 October 2023 at 11:00 AEDT. Register Now!

What’s new in Simple Fund 360 and Simple Invest 360

BGL SmartDocs: The following enhancements have been added to BGL SmartDocs – BGL’s AI-powered paper-to-data solution (fully integrated with Simple Fund 360 and Simple Invest 360):

• Support for Distribution Statements and fixed-interest security notes. 
• The ability to extract LIC Deductions from Dividend Statements. 
• The ability to extract data from Foreign Income and Credits from Dividend Statements. 

Distribution Tax Automation: A new Post Accruals button has been added to the BGL SmartDocs PDF extraction screen to seamlessly post distribution income tax component transaction and accrual journals. More information will now also be provided to explain any ‘Variances’ in the PDF extraction. Learn More

Property Dashboard: BGL now integrates with Acumentis to provide clients with seamless access to SMSF property valuations and tax depreciation schedules for a wide range of property types, including residential, commercial, rural and agribusiness spanning the entire nation. Learn More

Corporate Actions: 1 merger corporate action has been added to the corporate actions screen for ALO.AX on 7 September 2023. Learn More

Reports: A new setting in the reports screen has been added to Print All member pages of the SMSF Annual Return. Learn More

SuperStream: CLICKSUPER ESA has been removed from the Initiate Rollover Request (IRR) and Rollover Transfer Request (RTR) screens. Learn More

TBAR: The ability to manually add opening balance/indexation entries for funds migrated with full TBAR history has been added to the TBAR screen. Additionally, clients can manually trigger the 2021 and 2023 indexation calculations. Learn More

Division 7A Loans: Repayment journals can now be posted between entities as part of the Period Compliance Workflow for Companies. Learn More

Reports: The Detailed Statement of Financial Position has been updated to show the classification of assets, liabilities and beneficiary accounts as Current or Non-Current for Companies, Individuals and Trusts. A new setting to display subtotals by control account has also been added. Learn More

Plus, many more new features and improvements.

Stay tuned for future releases!