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Simple Fund 360 and Simple Invest 360 Product Update – February 2023

We’re excited to release the first Simple Fund 360 and Simple Invest 360 update for 2023! You can learn what’s new at our New Features Webinar on Monday 27 February 2023 at 11:00 AEDT. Register Now! 

Check out the full release notes and join the conversation in the BGL Community.

What's New?

Documents: Clients can now search for words within unencrypted PDF, Word, Excel and TXT documents. Plus, all documents added to the Documents screen and/or Workpapers screen using the BGL API or the Smart Docs Email feature will now be used as part of the Smart Matching process.

Bank Data: New validations have been added for the unsupported ANZ Bank BSB numbers 012-666 and 013-901 to ensure clients can no longer create these bank feeds.

Corporate Actions: 15 ANZ Capital Notes and Debit Securities code changes have been implemented. The following mergers have also been added Corporate Actions:

  • 29/12/2022 – ISU
  • 16/12/2022 – NEA
  • 12/12/2022 – PTB
  • 01/12/2022 – ATL
  • 29/11/2022 – CLH
  • 28/11/2022 – PYG
  • 22/11/2022 – TGR
  • 03/01/2023 – BYI
  • 12/01/2023 – WLS
  • 23/01/2023 – DRM
  • 24/01/2023 – PDL
  • 01/03/2023 – URFPA

Contacts: The contact search function has been improved to make it easier to search contacts by name.

Exclusive to Simple Fund 360

BGL's SMSF administration software solution

SuperStream: Several improvements have been made to the SuperStream Dashboard and Fund View, including:

  • A faster search for contacts.
  • ‘Change ESA’ capability.
  • Additional columns along with ‘Expand All/Collapse All’ options.
  • Email Notification Report.

PAYG Reporting: Clients can now prepare the PAYG Summary and all related forms from within the PAYG screen. PAYG Reports are now accessible via the Reports screen.

Exclusive to Simple Invest 360

BGL's investment portfolio management software solution

Unit Trusts: Improvements have been made to the 58300 – Contributions Tax account and Beneficiary screen to handle up to 6 decimal places in the ‘number of units’ field.

Tax Labels: Secondary tax labels ‘Related Party Loans’ for Trusts and Companies and ‘Related Party Interest’ for (Companies only) have been added.

Investment Income Generation: The Investment Income Generation screen now allows sorting by columns and the ability to dismiss small variations.

Reports: The following improvements to reports have been made:

  • The APES315 footer for Appropriation Statement has been extended to ensure it is not cut off.
  • Reports now include Farming Property account 72350 in the rental schedule for Trusts and Companies.
  • The Minutes of Meeting of Directors, Members Minute & Declaration of Dividends Resolution reports will now display the following message where there are no dividend payments to show: ‘The directors do not recommend the payment of a dividend’.
  • The Rental Property Statement and Notes to the Financials Statements for tax label “Other Rental Income” have also been improved.

Want to learn more about BGL’s end-to-end investment portfolio solution, Simple Invest 360? Attend our live Discovery Webinar with Simple Invest 360 Product Manager Andrew Paszko on Tuesday, 21 February 2023, at 11:00 AEDT. Register Now!

Plus, many more new features and improvements. Don’t forget to check out the full release notes and join the conversation in the BGL Community.

Links to previous update release notes are below:

Check out our Resources Hub!
We provide Simple Fund 360 and Simple Invest 360 users with a myriad of resources and services, which can be found in the Resources Hub. The Resources Hub provides practical stuff to help you in your Simple Fund 360 and Simple Invest 360 journey. Visit Resources Hub >>>


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