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Simple Fund 360

Simple Fund 360 Subscription Fee Increase – 1 July 2023

By BGL Update, Simple Fund 360No Comments

BGL will increase the base subscription fee for Simple Fund 360 Professional Edition on 1 July 2023. 

It has been 2 years since BGL last increased its Simple Fund 360 Professional Edition software subscription fees, and a lot has happened in that time.

Over the past 2 years, the Simple Fund 360 Team has released software updates every 3 weeks with hundreds of new features, enhancements and compliance changes. Some of the new features include:

The time has therefore come to increase the Simple Fund 360 Professional Edition software subscription fees.

From 1 July 2023, the base subscription fee for Simple Fund 360 Professional Edition will increase from $110.00 per fund per annum plus GST to $120.00 per fund per annum plus GST.

There is no change in subscription fees for the Simple Fund 360 Bank Data or Share Data Pack services.

Clients will have the opportunity “Lock in current subscription pricing” by paying their Simple Fund 360 Professional Edition software subscription fees annually in advance at the current base subscription rate before 30 June 2023. BGL will provide details of how to take advantage of this opportunity soon.

If you have questions regarding your BGL software subscription, please reply to this email or call your Account Manager on 1300 654 401.

BGL integrates with accountantsGPS to streamline SMSF reporting

By BGL Update, Simple Fund 360No Comments

BGL is proud to announce its multi-award-winning SMSF administration software, Simple Fund 360, now integrates with the Fintech platform, accountantsGPS, to provide its clients with a new digital SMSF Check-Up Report.

“We are thrilled to add Melbourne-based Fintech, accountantsGPS, to the BGL Ecosystem,” said BGL’s Managing Director Ron Lesh. “This integration allows Simple Fund 360 clients to produce a new SMSF Check-Up Report using accountantsGPS’ proprietary technology – a first for the SMSF market and available exclusively to BGL clients.” 

“The digital SMSF Check-Up Report provides a comprehensive analysis of a fund’s compliance and financial situation to evaluate how a fund is progressing in many key areas,” continued Lesh. “The report includes SMSF documentation, investment performance, investment policy development, contribution strategies, investment property performance (including debt position), insurance and estate planning. The report will help Simple Fund 360 clients to determine whether the Trustees and Members of a fund will meet their compliance obligations as well as their longer-term investment and retirement goals.”

George Haramis, CEO and Co-Founder of the Fiduciary Group and accountantsGPS, said: “As one of Australia’s leading digital providers of personal financial advice, we are absolutely thrilled to have progressed our digital technology capabilities to develop the SMSF Check-Up Report. It is particularly exciting for our business to partner exclusively with BGL and offer this unique and valuable service to their accounting clients. Accountants can now undertake a comprehensive analysis of their clients’ SMSF across a number of key areas adding additional value to Trustees and Members and eliminating the time, cost and angst of trying to create a report manually, if achievable at all. It is a long-awaited development for the SMSF sector that has finally arrived.”

Jeevan Tokhi, Head of Simple Fund 360 at BGL, said: “The integration allows BGL clients to log in to the accountantsGPS platform using their Simple Fund 360 credentials. Clients can then authorise Simple Fund 360 to pass information relating to all or a select number of their SMSFs to the accountantsGPS platform. BGL’s API will pre-fill 95+% of the information required to complete the SMSF Check-Up Report, making this a simple streamlined process that takes just a few minutes per fund. Importantly, it means clients can provide the report for their SMSFs without requiring an Australian Financial Services (AFS) licence.” 

BGL’s free and open API is used extensively across the industry. Over 350 data feed and integration partners in the BGL Ecosystem deliver a holistic experience to our clients.

To learn more about this integration and see it in action, attend our free live 1-hour webinar with BGL and accountantsGPS, on Thursday, 13 April 2023 at 12:00 AESTRegister Now!

About Fiduciary Financial Services Pty Ltd trading as accountantsGPS

Fiduciary is a Melbourne-based Fintech that owns both accountantsGPS and moneyGPS. 

accountantsGPS was established to provide relevant services to the accounting profession, commencing with the development of the SMSF Digital Check-Up Report. accountantsGPS also offers a comprehensive program of client-related digital advice and other related financial services, including SMSF Advice, to be made available to an accountant’s wider client base via moneyGPS – without the need for the accountant to become licensed. For more information, please visit www.app.accountantsgps.com.au

accountantsGPS is a proud sponsor of the Self-Managed Super Fund Association.

Digital SMSF Check-Up Report Disclaimer

It is important to note that while the Digital SMSF Check-Up Report provides detailed feedback on the health of the fund, the information contained is factual in nature, and nothing should be read to constitute financial advice, nor should the information be acted upon without professional advice.