BGL launches Open Banking integration with Skript. This integration connects Simple Fund 360 and Simple Invest 360 clients to the world of Open Banking.
We’re excited to share the latest Simple Fund 360 and Simple Invest 360 updates!
Reports Screen
A new Trust Income Schedule Reconciliation Report is now available in Workpaper Reports. This new report makes it easier to reconcile the data on the ATO Trust Income Schedule for the 2024 financial year. Learn More
Contacts
Duplicate contacts can now be merged using the new Contact Merge feature. Learn More
Special Disability Trust
Special Disability Trust has been added as a trust type in the Entity Details and Entity Setup screens. Learn More
This feature is exclusively available in Simple Invest 360.
Reports
A new report setting allows customisation of the titles of Financial Reports. Learn More
This feature is exclusively available in Simple Invest 360.
Division 7A
The Division 7A Loans screen can now be exported to PDF. Learn More
This feature is exclusively available in Simple Invest 360.
Corporate Actions
A question mark icon and brief explanation have been added to the Donation/Refund feature for Dividend Reinvestment Plans (DRPs). The validation also now prevents Donations or Refunds from being processed if the residual balance is zero. Learn More
Corporate Actions
The NVIDIA (NVDA) 10 for 1 share split and the following 6 mergers have been added to corporate actions.
GSR: 18 Jun 2024
ABC: 02 Jul 2024
MEA: 28 Jun 2024
SLR: 20 Jun 2024
PBP: 19 Jun 2024
MGF: 22 Jul 2024
Plus, many more new features and improvements.
Stay tuned for future releases!
Jeevan Tokhi
General Manager of Product – Simple Fund 360, Simple Invest 360 and BGL SmartDocs 360
E: [email protected] | P: 1300 654 401
Connect with me on LinkedIn
“We are excited to welcome Oxygen to the BGL Ecosystem” said BGL’s Chief Executive Officer, Daniel Tramontana. “With easy access to Oxygen’s suite of tools and a seamless application process, Simple Fund 360 clients can now streamline SMSF loan applications for their clients.”
Sydney-based Oxygen is a specialist SMSF mortgage lender that provides high-quality advice, competitive loans and a hassle-free experience. The integration connects Oxygen with BGL’s award-winning SMSF administration software, Simple Fund 360, via BGL’s free open API.
Ben Taylor, Managing Director at Oxygen Home Loans said: “We are excited to have the opportunity to partner with BGL via digital integration into its world class technology platform. We look forward to collaborating with BGL clients to deliver better outcomes for SMSF members purchasing property to secure a comfortable retirement. Our goal is to deliver a digital solution to make the complex SMSF mortgage application easier and more streamlined for all concerned and this is a big step towards this goal”.
Jeevan Tokhi, General Manager of Product – Simple Fund 360, Simple Invest 360 and BGL SmartDocs at BGL said: “BGL clients can access the Oxygen integration via the property dashboard in both Simple Fund 360 and Simple Invest 360. Clients can automatically sign up to Oxygen’s website using their BGL login credentials. From there, they can use Oxygen’s comprehensive calculator to estimate a client’s ability to purchase an investment property, as well as a high-level quote tool and a seamless application process. Oxygen can also provide referrals to assist with the mortgage application”.
Oxygen is a proud sponsor of BGL REGTECH 2024, Australia’s premier accounting technology event taking place in Adelaide (14/08), Perth (15/08), Brisbane (21/08), Sydney (22/08), Hobart (27/08) and Melbourne (29/08). Register for free today and visit the Oxygen team at their exhibition stand.
“We are excited to welcome Digital Rapport to the BGL Ecosystem,” said BGL’s Chief Executive Officer, Daniel Tramontana. “This integration will help accountants communicate more efficiently and effectively with their SMSF clients. Likewise, it will help trustees better understand their financial data and engage in a meaningful way.”
Digital Rapport revolutionises client-accountant communication by creating AI-powered, data-driven videos. This automation enhances engagement with easy to understand visual reporting. The integration connects Digital Rapport with BGL’s award-winning SMSF administration software, Simple Fund 360, via BGL’s free open API.
David Cowling, CEO and Founder at Digital Rapport said: “The integration of Digital Rapport with Simple Fund 360 is a game changer for how trustees consume and engage with their financial information. Being an agile and engaging tool, video enhances how accountants report financials to trustees. With seamless data integration, accountants can create a 2-3 minute AI-driven video, narrated in their AI voice, to deliver key highlights of SMSF fund performance. These videos take just minutes to create, are customised with a firm’s unique branding and showcase crucial financial data in a dynamic and easily digestible format.”
Brad Wilkinson, Head of Ecosystem at BGL, said: “This collaboration underscores our commitment to leveraging innovative technologies to enhance the services available to our clients, enabling them to deliver superior service and insights to SMSF trustees”.
Digital Rapport is a proud sponsor of BGL REGTECH 2024, Australia’s premier accounting technology event taking place in Adelaide (14/08), Perth (15/08), Brisbane (21/08), Sydney (22/08), Hobart (27/08) and Melbourne (29/08). Register for free today and visit the Digital Rapport team at their exhibition stand.
We’re excited to share the latest Simple Fund 360 and Simple Invest 360 updates!
Oxygen SMSF Loans Integration
Oxygen SMSF Loans, a specialist SMSF mortgage lender with some of the lowest-rate SMSF loans in the market, now integrates with Simple Fund 360 via BGL’s open API. This integration provides instant insights into how much a client can afford for property investments. Learn More
2024 SMSF Annual Return
The 2024 SMSF Annual Return can now be exported to Xero Tax via their API. This feature is exclusively available in Simple Fund 360. Learn More
2024 Audit Workpapers
For SMSF Auditors who do not use specialised audit software, Simple Fund 360 enables the printing of prefilled workpaper templates and reports. This feature is exclusively available in Simple Fund 360. Learn More
In-Person Digital Signing
DocuSign’s in-person signing feature is now available. When meeting with a client in person, use in-person signing to simplify the signing process and keep documents digital. This can be done on portable devices like iPads or computers. Learn More
New Report:
Trust Income Schedule Reconciliation report for Trusts and Companies has been added. This feature is exclusively available in Simple Invest 360. Learn More
Reversing Journals
General ledger journal transactions can now be automatically reversed on a future date, with the same accounts but debits and credits reversed. This can be actioned:
This feature is exclusively available in Simple Invest 360. Learn More
Corporate Actions
Improvements to Corporate Actions now allow the processing of Donation or Refunds within Dividend / Distribution Reinvestment Plans (DRP) and Share Purchase Plans. Learn More
BGL SmartDocs
BGL SmartDocs’ AI extraction capabilities have been updated to support a wider variety of dividend statements. Consequently, more dividend files are expected to be automatically attached to cleared transactions upon file upload. Learn More
Plus, many more new features and improvements.
Stay tuned for future releases!
Jeevan Tokhi
General Manager of Product – Simple Fund 360, Simple Invest 360 and BGL SmartDocs 360
E: [email protected] | P: 1300 654 401
Connect with me on LinkedIn
“This marks a significant milestone for BGL and the Simple Fund 360 team,” says BGL’s Founder/Director, Ron Lesh. “I am incredibly proud of each and every member of the BGL team both past and present who have helped us get to this milestone. This accomplishment displays our Team’s dedication to delivering an exceptional product and outstanding service to our clients”.
Released in 2014, Simple Fund 360 is the complete SMSF administration software solution with AI-driven processing, industry-leading automation, analytical insights, accounting workpapers and much much more. Innovative features like BGL SmartDocs, Smart Matching, Workflow and Smart Reports for financial analysis mean it stands alone as the market-leading SMSF administration solution.
Simple Fund 360’s impressive growth is set against the backdrop of the latest Australian Taxation Office (ATO) SMSF statistics. On 31 March 2024, Australia had 616,400 SMSFs managing $932.9 billion in assets. Notably, BGL reached 250,000 funds in 2020, underscoring the remarkable progress we have made over the past few years.
Jeevan Tohki, General Manager of Product – Simple Fund 360, Simple Invest 360 and BGL SmartDocs at BGL, said, “BGL has remained the number 1 SMSF software provider for the past 25 years.” He continued, “Simple Fund 360 launched 10 years ago and now has over 49% of the market. Its market share continues to grow consistently due to BGL’s team’s constant innovation, listening to client feedback and having a fantastic team that cares about its clients.”
Looking ahead, BGL’s Chief Executive Officer, Daniel Tramontana, shared his thoughts on the future. “We are exceptionally proud of the team’s hard work and commitment. We aim to achieve 50% market share soon while continuing to lead the industry and provide unparalleled service and innovation to our clients”.
For more information, please visit www.bglcorp.com.
We’re excited to share the latest Simple Fund 360 and Simple Invest 360 updates, which include the 2024 Trust and Company Income Tax Returns!
2024 Income Tax Returns: This release supports the 2024 Trust and Company Tax Returns with updates to the PDFs and the Simple Invest 360 user interface.
New ATO Trust Income Schedule: From the 2024 income year, entities receiving 1 or more distributions from trusts (including ETFs, managed funds, and stapled securities) must complete and attach a Trust Income Schedule to the tax return. Simple Invest 360 will automatically populate this as part of the year-end process.
Tax Component Fields: New tax component fields have been added in the following areas:
Previous Year Figures: The option to display the prior year’s tax return detail is now available.
2024 Trust Tax Return: 6 additional Capital Gains labels have been added to the Statement of Distribution section of the tax return. New fields have also been added to accommodate the small business energy incentive.
2024 Company Tax Return: New fields have been added to accommodate the small business energy incentive and digital games tax offset.
The above 2024 Trust and Company tax time updates are exclusively available in Simple Invest 360.
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
Documents Viewer Improvements
New and Updated Reports
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.
Plus, many more new features and improvements.
Stay tuned for future releases!
Jeevan Tokhi
General Manager of Product – Simple Fund 360, Simple Invest 360 and BGL SmartDocs 360
E: [email protected] | P: 1300 654 401
Connect with me on LinkedIn
As we approach the end of the 2024 financial year, it’s essential that you understand all BGL-recent Simple Fund 360 and Simple Invest 360 updates. This knowledge will help you prepare for tax time and ensure your clients are ready for lodging. The changes outlined below are significant and require your immediate attention.
Changes to SMSF, Trust, and Company Tax Returns will take place on 1 July 2024 as part of the ATO’s Modernisation of Trust Administration Systems (MTAS) project. These changes affect lodgements for the 2023–24 income year onwards and include:
Simple Fund 360 and Simple Invest 360 have been updated to accommodate these changes. Follow the links below for more information:
The good news is that the ATO did not change the 2024 SMSF Annual Return this year.
BGL released an update to Simple Fund 360 on 30 May 2024 to support the new return, including for funds that have been wound up. The new Trust Income Schedule was also included in this release and will affect many SMSFs. Learn More
The SMSF Annual Return can be lodged using Simple Fund 360, or if your firm uses Xero Tax, you can send it directly to Xero for lodgement.
From the 2024 income year, if an SMSF receives one or more distributions from trusts, including (ETFs, Managed Funds, & Stapled Securities), you must complete and attach a Trust Income Schedule to the SMSF Annual Return.
The ATO expects any investment with trust income recorded in the SMSF Annual Return at item 11 Income – labels A, D, M or U2 to complete a Trust Income Schedule. After Creating Entries for the 2024 Financial Year, Simple Fund 360 will automatically create a schedule for each investment that receives a distribution during the financial year. Learn More
The 2024 Trust Tax Return in the Statement of Distribution section has 6 additional Capital Gains labels to match the new Trust Income Schedule. New fields have also been added for the small business energy incentive.
From the 2024 income year, if you received one or more distributions from trusts, you must complete a Trust Income Schedule and attach it to the tax return. This will be automatically populated by Simple Invest 360 as part of the year-end process.
As part of the year-end process, Simple Invest 360 allows you to automatically post inter-entity journals where a group has multiple trusts. This will help avoid data duplication and ensure the accuracy of Tax Components. Learn More
What is Simple Invest 360?
Simple Invest 360 is the complete accounting, investment and tax solution for non-SMSF entities – taking you from bank transaction feed data to tax return lodgement with everything in between! Leveraging BGL’s advanced AI technology, Simple Invest 360 can also automatically extract data from bank statements, rental statements, property settlement statements and annual tax statements to match transactions to the ledger.
A Family Trust Election form can now be created and lodged via Simple Invest 360 for Trusts. Learn More
The 2024 Company Tax Return has new fields to cater to the small business energy incentive and Digital Games tax offset.
From the 2024 income year, if you received one or more distributions from trusts, you must complete a Trust Income Schedule and attach it to the tax return. This will be automatically populated by Simple Invest 360 as part of the year-end process. Learn More
Later this year, BGL will import Due Dates for all entities directly from the ATO and you will be able to lodge Return Not Necessary (RNN) Forms.
Jeevan Tokhi
General Manager of Product – Simple Fund 360, Simple Invest 360 and BGL SmartDocs 360
E: [email protected] | P: 1300 654 401
Connect with me on LinkedIn
We’re excited to share the latest Simple Fund 360 and Simple Invest 360 updates, which include the 2024 SMSF tax time update!
2024 SMSF Annual Return User Interface and PDFs: The ATO did not change the 2024 SMSF Annual Return. This release supports the new return, including for funds that have been wound up. The new Trust Income Schedule is included in this release.
New ATO Trust Income Schedule: From the 2024 income year, SMSFs receiving 1 or more distributions from trusts (including ETFs, managed funds, and stapled securities) must complete and attach a Trust Income Schedule to the SMSF Annual Return. Learn More
2024 Financial Year Wind-Ups: Wind-ups for the 2024 financial year will now print the 2024 PDF. Learn More
Lodgement Screen Update: The lodgement screen chart has been updated for 2024. Learn More
Digital Signing: Digital signing is now enabled for the 2024 SMSF Annual Return and schedules. Learn More
Fund Transfers: Support has been added for 2024 tax changes related to fund transfers. Learn More
2024 Trust Income Schedule: To accommodate the Trust Income Schedule requirements effective from the 2024 financial year, new tax component fields have been added in the following areas:
The above 2024 SMSF tax time updates are exclusively available in Simple Fund 360.
Mortgage Advice Bureau Integration
Mortgage Advice Bureau (MAB) has been added as an External Service Provider for SMSF lending solutions. Learn More
Opteon Integration
Opteon has been added as an External Service Provider for property valuations, tax depreciation schedules, insurance assessments, rental assessments and quantity surveying. Learn More
Investment Security List
The ability to add an ABN or ACN for a security has been added. This information will be used in the Trust Income Schedule. Learn More
Family Trust Election
A Family Trust Election form can now be prepared and lodged for trusts. Learn More
This feature is exclusively available in Simple Invest 360.
Plus, many more new features and improvements.
Stay tuned for future releases!
Jeevan Tokhi
General Manager of Product – Simple Fund 360, Simple Invest 360 and BGL SmartDocs 360
E: [email protected] | P: 1300 654 401
Connect with me on LinkedIn
We’re excited to share another exciting Simple Fund 360 and Simple Invest 360 update!
Member – Contributions
The Contribution Dashboards and Reports have been updated to reflect the increase in the concessional and non-concessional contribution caps effective from 1 July 2024. Learn More
Member – Pensions
The minimum pension payment factors have been adjusted for the 2024-25 financial year in Dashboards and Reports. Learn More
Fund Pension Policies – Reports
The Actuary Certificate received on the Fund Pension Policies screen can now be selected on the Reports screen for inclusion in report packs. Learn More
Firm Management – User Roles
A new authority has been added under the ‘Investment’ section, allowing non-admin users to delete balance records in the Balance Review screen. Learn More
Practice Management Integration – APS Contacts+
The BGL Suite and APS Contacts+ integration is now live. This two-way integration allows for efficient client and contact data management across four apps (CAS 360, Simple Fund 360, Simple Invest 360 and APS Practice Management) in a single database. Learn More
Smart Matching – Account View
The Account View for each sub-level account will now be collapsed by default, with the addition of one-click refresh and expand/collapse all buttons. Plus, debits and credits are now separated into distinct columns for a clearer view. Learn More
Corporate Actions
Two mergers have been added to Corporate Actions:
Plus, many more new features and improvements.
Stay tuned for future releases!
Jeevan Tokhi
General Manager of Product – Simple Fund 360, Simple Invest 360 and BGL SmartDocs 360
E: [email protected] | P: 1300 654 401
Connect with me on LinkedIn
© 2026 BGL Corporate Solutions Pty Ltd.
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