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Simple Fund 360 New Features webinar recap with Alissa Haralambopoulos!

What a way to wrap up a huge year with another release from the fabulous Simple Fund 360 and Simple Invest 360 teams!

Simple Fund 360 New Features Webinar recap with BGL’s Product Advocate, Alissa Haralambopoulos!

The release webinar was presented on Tuesday 14th December, by Bradley Wilkinson, however in case you missed it, check out a brief recap below: 

Our new BGLSF360 ESA is well and truly up and running, with over 27,000 funds using the new ESA, if you are looking for any tips or tricks be sure to check out the Webinars that were run in October, these cover a lot of the common Superstream questions and go through some processing tips. You can find these on the BGL YouTube channel.  

Still on the topic of Superstream, Brad covered some common problems & solutions, and touched on the following improvements that have been added. Firstly, the option to select your bank account for the SMSF using the details that are already saved in the software, a new improved Validation process, and when USI details are entered, the bank details are pre-filled. 

The next exciting new release is the improved Xero Tax Integration! Now whilst Simple Fund 360 has always had Xero integration, from 2021 onwards you can automatically send the tax data to Xero Practice Manager. Simply validate the return (always recommended), then hit Xero Connect, this will prompt you to log in to your Xero account, and once this is done you can find the return under the Tax tab. 

The team have also added two new feeds, Xplore Wrap, and AustAsia Financial Planning under the Contract notes/Share Data pack. They have also rolled out some changes to the set up of the wrap feeds, now allowing you to link holding accounts to feeds, which also enables you to change the way the Investment Summary report is displayed, by grouping the assets into portfolios. 

Also on the topic of Reports, there has been a bit of tweak to the Index report, which will no longer list ‘failed reports’ in the list of reports shown. 

With the recent introduction of Director ID, the field has been added to Simple Fund 360 so you can capture this information there too. However, if you need to download a list, you can now export your contact list to a CSV file.  

Lastly, on the Entity Workflow screen, a new filter has been added so you can now filter by GST Registered Status and see all funds that are either registered or not registered. 

Moving onto Simple Invest 360, there have been a few new additions to the product. The first is the Revaluation Reserve that has been added for Companies and Individuals, the second is that Tax Instalments paid during the year will now show up on the Taxable Income Calculation, and lastly when processing a distribution for a trust you now can distribute either the taxable income or accounting income. 

If all of that wasn’t enough, we already have a bit of a teaser for what’s to come next year! Top of the list is the ability to also add broker details to the new reporting options, allowing you to display reports by a broker, more Superstream improvements, and a new and improved Document Screen! 

We wish you all the best for the holiday season and look forward to working with you all in 2022! 

If you would like you can watch the webinar below:

Adrian Muscan

Author Adrian Muscan

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