fbpx Skip to main content

Simple Fund 360 and Simple Invest 360 Update – 19 October 2023

By October 20, 2023October 26th, 2023Product Updates, Simple Fund 360, Simple Invest 360

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.

Watch our New Features Webinar recording to learn what’s new. Click here to watch now!

Join the conversation in the Simple Fund 360 and Simple Invest 360 online communities.

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

New Investment Security List screen (BETA): The Investment Security List screen has been rewritten from scratch, making it easier to:

  • Search for securities across multiple exchanges
  • Display only fund securities with unit balances
  • Add and customise asset allocation for all securities (including system securities)

Reports: The Investment Strategy and Investment Strategy Comparison reports (including the detailed report) now allow custom asset allocations for system securities as well as custom securities. Learn More

Workflow: The Workflow module, previously released in beta, is now available to all clients! 

The integrated Workflow module allows Simple Fund 360 and Simple Invest 360 clients to quickly identify and track jobs for SMSFs and portfolios, including job status, pending jobs and recent completions. This feature also helps with team management by tracking deadlines and enabling task delegation.

Several enhancements have been made to Workflow in this release, including the ability to:

  • Export all Job comments to CSV. 
  • Select jobs for bulk update or deletion. 
  • Upload documents to jobs. 

BGL Bank Data Service: The Bank Feed Status message now includes a copy button, making it easy to copy and paste the message. Learn More

License Report: A ‘Last CN Received’ feature has been added to the Contract Notes tab to show the last contract notes processed for entities. Learn More

Feed Management: When adding a new data feed provider, the save button in the Provider Settings screen is now unavailable if all mandatory fields are not completed. Learn More

BGL SmartDocs: The PDF preview screen now displays the document folder name and financial year. Folders can also be added/deleted from this screen. Learn More

Contacts: The Bulk Replace function now includes Account Manager relationships, meaning clients can update Account Manager for all selected entities. Learn More 

Contacts and CAS 360 Integration: If contacts integration between Simple Fund 360 / Simple Invest 360 and CAS 360 is enabled, any synced contacts now display an icon that links to the contact or company in CAS 360. Learn More

Exclusive to Simple Fund 360

BGL's complete SMSF administration software

SMSF Annual Return: A new Badge setting and updates to Section K of the SMSF Annual Return have been added so that:

  • If the trustee’s phone number field is blank, the system will populate the trustee’s mobile number.
  • If the trustee’s phone and mobile number fields are blank, the system will populate the tax agent’s phone number.

Exclusive to Simple Invest 360

BGL's complete accounting, investment and tax software

Tax Nuggets Academy: A new banner has been added to the Division 7A screen, making it easier for clients to access Tax Nuggets’ extensive educational content on Division 7A loans. Tax Nuggets is a subscription-based online learning platform for SME accountants and advisors. Learn More

Division 7A: The Division 7A Worksheet has been updated to show all loan details. Additionally, a new option has been added to post a journal for “Interest Only”. Learn More

Detailed Statement of Financial Position: The statement of financial position for trusts and companies can now group assets, liabilities and beneficiary accounts by current/non-current. Learn More

Cost of Sales Transactions: 3 new secondary tax labels for trusts and companies have been added under “cost of sales”: purchases, opening inventories, and closing inventories. The Tax Return and Tax Reconciliation Report have been updated to support the new labels. Learn More

Operating Statement – Trading Entities: The Operating Statement now supports all trading entities, not just share trading entities. New columns have been added to this report to show each amount as a percentage of sales. Learn More

Inter-Entity Journal Tool: A linked investment account can now be added via the Inter-Entity Journal Tool as part of year-end inter-entity distribution/dividend payments. Learn More

Plus, many more new features and improvements. Remember to check out the full release notes in the Simple Fund 360 / Simple Invest 360 Online Help and join the conversation in the Simple Fund 360 and Simple Invest 360 online communities. Links to previous update release notes are below:

Stay tuned for future releases!

Jeevan Tokhi
Head of Simple Fund 360
E: [email protected] | P: 1300 654 401
Connect with me on LinkedIn


Author BGLCorp

More posts by BGLCorp

Leave a Reply