Please note the following Important Information before running the update:
Simple Ledger is required to be run from the server with a user account with administration rights to the server
You can not run this update from a workstation connected to the serve
You can not install this update with a limited user account if you are running a standalone (single user non networked PC
Nexus strongly recommends that you setup the database files on the same local drive where the database is to be installed

From July 2008, BGL offers clients a complete ASX and Managed Fund data service that can automatically import ASX and Unlisted Unit Trust (UUT) data
directly into your Simple Fund, Simple Invest and Simple Ledger software.

All data is sourced directly from the ASX and Morningstar Research Pty Ltd, so you can be sure that the data is accurate and correctly licensed for distribution.

ASX and Managed Fund Data Service provides daily ASX data, or monthly, quarterly and annual ASX and UUT data depending on your individual needs.  New clients and existing ASX clients can subscribe online 24/7 and the data subscription will be prorated based on your BGL Product Subscriptions renewal dates.

The next Simple Ledger update is due in October and the team is currently working on the new release development list.

Tip of the Month

Did you know that Simple Ledger provides a comprehensive depreciation calculator. It provides the ability to maintain all your depreciable assets requirements within Simple Ledger and provides a depreciation schedule together with the ability to post depreciation journals to the selected ledger.

Users also have the ability to select either the Tax Depreciation or Accounting Depreciation rate for Simple Ledger to use in the calculation of the Deprecation Schedule.

Simple Ledger users need to input the Tax, Accounting and/or Private Use depreciation rate(s) % and select a depreciation method in the Chart of Accounts Add/Edit screen. Simple Ledger will then use these rates together with the selected depreciation method to calculate the depreciation schedule which can then be previewed or printed. The depreciation schedule provides for the following ATO depreciation methods: Prime Cost, Diminishing Value , Motor Vehicle Prime Cost, Motor Vehicle Diminishing Value, Low Value Pool, General STS Pool and Long-Life STS Pool.