BGLCorp

Open Banking
BGL’s open banking integration with Skript is now available to all Simple Fund 360 and Simple Invest 360 clients. It provides BGL with a direct bank data feed from over 110 banks (all banks in Australia), including closed accounts, term deposits, loan accounts and transaction data from 2018. Learn More 

BGL SmartDocs
BGL’s AI-powered document reader, BGL SmartDocs, now processes ATO Business Activity Statements (BAS), extracting key details such as GST/PAYG amounts owed or refunded. If transactions are coded at the time of upload, BGL SmartDocs will automatically attach the BAS file to the corresponding transactions for seamless record-keeping. Learn More 

New Data Feed
The new Wrap and Platform data feed with CFS Edge provides daily bank, investment movement and income transactions. Learn More

Journal Reversing Entries
Transaction Journals can now be set as Reversing Journals to be reversed at a future date. Learn More

Corporate Actions
2 new mergers have been added to Corporate Actions:

• SXG: 27 January 2025
• LRS: 4 February 2025

Global Audit Management
A new Global Audit View is now available to track audits at a firm level and display analytics on their progress. Learn More

Open Banking (Closed Beta)
BGL’s open banking integration with Skript provides Simple Fund 360 and Simple Invest 360 with direct data feeds from over 110 banks (all banks in Australia), closed accounts, term deposits and loan accounts. To request beta access, email [email protected].

Transaction Recode (Open Beta)
The new Transaction Recode screen is now available to all users with access to the Transaction Recode user role. It supports the re-coding of all Investment transactions as well as select income, expense, asset and liability transactions. Learn More

Custom Form Status
A custom status can now be added to SMSF Annual Returns, BAS and IAS forms. Learn More

Entity Relationships
A new Copy All Emails function in the Entity Relationships screen provides quick copying of all contact email addresses to a clipboard or an email. Learn More

Documents
A Digital Signing Audit Report is now available for download in the Documents screen. The signing providers (FuseSign, DocuSign and Adobe Sign) issue these reports to certify digital signatures with signer details like identity, IP address and more. Learn More

Mobile View
A new mobile-friendly view is available for core functions, including logging in, setting and resetting multi-factor authentication (MFA) and passwords.

Smart Reports
The Smart Reports period dropdown now has new “Year to Date” and “Since Inception” options. Learn More

AuditCover Integration
The integration with tax audit insurance provider AuditCover allows Simple Fund 360 clients to offer their SMSF clients an option for cover against unexpected accounting fees when responding to tax audits. With AuditCover, your clients hold their own policy so that admin is minimal and renewals are automated. Learn More

This feature is exclusively available in Simple Fund 360.

Macquarie Account
The Open New Macquarie Account feature initiates the account opening process at Macquarie with prefilled information, making it more streamlined and efficient. Learn More

Wind Up Wizard
The new Wind Up Wizard provides a step-by-step process for winding up a fund and managing SuperStream payments. Learn More

This feature is exclusively available in Simple Fund 360.

Trust Income Schedule
A new CSV import feature enables the bulk import of schedules without modifying transactions. Learn More

Investment Income Generation
The new Investment Income Generation feature assists in capturing income for all entity types where a bank feed is not available. Learn More

Feed Management
A new Registry HIN/SRN Report feature provides an export of HIN/SRN and postcode information for investments across all entities. Learn More

BGL SmartDocs – Unmatched Transactions
BGL SmartDocs now extracts data from ASIC invoices and council rates. When an ASIC or Council Rates transaction has a relevant document attached, BGL SmartDocs will now automatically locate the document and display it in the Smart Matching screen. Learn More

BGL SmartDocs – Coded Transactions
As BGL SmartDocs now extracts data from ASIC Invoices and Council Rates notices, when a document is uploaded after a transaction has been coded, BGL SmartDocs automatically attaches the document to the transaction. These files will also seamlessly flow into the Accounting Workpapers. Learn More

Corporate Actions
4 new mergers have been added to Corporate Actions:

• SIH: 14/08/2024

• PGL: 02/08/2024

• ALU: 02/08/2024

• AWC: 02/08/2024

2024 SMSF Annual Return
The ability to export the 2024 SMSF Annual Return to other tax lodgment platforms is now available. Integrated platforms include:

• Xero – Read export instructions

• LodgeIT – Read export instructions

Document Splitting
The Document Viewer on the Documents Screen now allows document splitting. If BGL SmartDocs detects separate documents in a PDF file, it will automatically split the document and determine the new document name.

Documents Screen Enhancements

• The filter was redesigned to provide instant results across all filter types.
• Any page can now be selected via the Page selector.
• Document Details have been separated into tab groups.
• The vertical separator line can now be adjusted.

Documents Viewer Improvements

• Next or previous document navigation with a preview for PNG and JPEG image files.
• The vertical separator line can now be adjusted.
• The option to delete the document being viewed.
• Digital Signing information is now displayed.

New and Updated Reports

• Fund Snapshot Report for SMSFs (Simple Fund 360 only)
• Trustee Declaration and Notes to Financial Statements (Reporting entities) per the 2024 XYZ Financial Statements (updated)
• Franking Account Worksheet for Companies (Simple Invest 360 only)

Your Feedback
We have introduced a new AskNicely for your feedback. Your feedback is closely monitored to ensure the continuous improvement of Simple Fund 360 and Simple Invest 360.