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BGL Update

CAS 360 Product Update – 7 September 2023

By BGL Update, CAS 360No Comments

We are excited to announce the latest CAS 360 update!

What's New?

BGLiD – BETA Release: BGLiD is now available in BETA! BGLiD is a simple client identity verification solution fully integrated with your CAS 360 software. With: 

  • No setup or training required for CAS 360 clients,
  • Straightforward pricing with no minimum commitments,
  • The ability to use your existing CAS 360 contact data, OR
  • Request information from your client in a few clicks, and
  • Instant client identity verification results!

BGLiD validates IDs across various datasets, including Government ID, Anti-Money Laundering, Global Sanctions and Adverse News databases to verify an individual’s identity and is powered by FrankieOne. 

Want early access?

Learn more and register your interest in BETA!

Freeform Documents: The Content Title field in the Minutes/Resolutions freeform document templates is now editable and will be displayed in the final document. The Content Title field is optional and can be left blank. Learn More

Email and Document Templates: Company Contact First Name merge fields have been added to all document and email templates. The new merge fields will also work for the following freeform document templates:

  • Freeform Director Minutes/Resolutions 
  • Freeform Shareholder Minutes/Resolutions 
  • Freeform Documents Company 

Plus, many more new features and improvements. Remember to check out the full release notes on the CAS 360 Online Help and join the conversation in the CAS 360 Community. Links to previous update release notes are below:

Stay tuned for future releases!

Warren Renden
Head of CAS 360
E: [email protected] | P: 1300 654 401
Connect with me on LinkedIn

September 8, 2023
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BGL releases Division 7A loan calculator in Simple Invest 360

By BGL Update, Simple Invest 360No Comments

BGL is proud to announce the release of a Division 7A loan calculator and manager feature in its accounting, investment and tax software, Simple Invest 360.

“We’re thrilled to introduce the Division 7A loan manager in Simple Invest 360,” said Ron Lesh, BGL’s Managing Director. “This feature equips BGL clients with cutting-edge tools to help them tackle the complexities of Division 7A loans, a fundamental component of contemporary accounting management that affects trusts and companies.”

Andrew Paszko, Simple Invest 360 Product Manager at BGL, said: “The Division 7A feature is the result of feedback from clients on the challenges faced by businesses dealing with Division 7A loans. This feature will not only calculate the minimum repayments and interest payments but will then post the journals for these payments to the ledger. These transactions can be posted for both companies as the lender as well as a trust or shareholders as the borrower.”

“Our Division 7A feature goes beyond traditional financial management software,” added Lesh. “With its integrated capabilities, users can easily reconcile ledger balances, ensuring financial accuracy and compliance. But what truly sets this feature apart is its seamless integration with dividend payments. We understand the common practice of offsetting minimum repayments, and our feature is designed to accommodate this efficiently.”

The Division 7A feature introduces a global entity view to Simple Invest 360, providing a comprehensive overview of Division 7A balances across entities and simplifying monitoring processes. Additionally, the feature offers clear differentiation between secured and unsecured loans, catering for varying loan terms. The intuitive user interface allows easy access to loan worksheets, ledger balances and documents linked to loans, streamlining the process of posting journals for dividends and interest and ensuring a cohesive and integrated workflow.

Click here to learn more
August 23, 2023
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