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Simple Fund 360

Simple Fund 360 and Simple Invest 360 Update – 30 November 2023

By BGL Update, Simple Fund 360, Simple Invest 360No Comments

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.

Join Jeevan Tokhi, Head of Simple Fund 360, and special guest Aaron Dunn, CEO and Co-founder of Smarter SMSF, for a webinar on Tuesday 19 December 2023 at 11:00 AEDT, as we highlight the most exciting feature releases of 2023. Register 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

Property Dashboard: BGL now integrates with CBRE to provide clients with seamless access to property valuation services that meet SMSF audit requirements across residential, commercial and agribusiness assets. Learn More 

Cash Flow Analytics: A new analytics dashboard has been created to display bank balances versus minimum/maximum targets, cash in/out by month and cash flow from investment income for SMSFs, trusts and companies. Learn More 

Custom Reports: Custom Reports now support 3 new mail merge fields for Business Activity Statements (BAS) and Instalment Activity Statements (IAS):

  • Period end date
  • Due date
  • Refund/Liability

Corporate Actions: The following ASX mergers have been added to Corporate Actions:

  • AQS: 16 October 2023
  • CBR: 6 November 2023
  • ESS: 7 November 2023
  • ACB: 8 November 2023
  • NCM: 8 November 2023

Workpapers: An N/A option has been added to all the standard checklists in Accounting Workpapers. This is ideal for items not required to be checked for the entity. Learn More 

Workflow: The Entities screen now supports sorting by entity code and filtering by multiple labels. Also, changing the status of a Job to Complete will now automatically complete all tasks for that job. Learn More 

Exclusive to Simple Fund 360

BGL's complete SMSF administration software

Fund Transfers: The fund transfer process now allows for the export of Workpapers. This is optional and can be turned off if required. 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

30/11/2023
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BGL adds integrated Workflow to Simple Fund 360 and Simple Invest 360

By BGL Update, Simple Fund 360, Simple Invest 360No Comments

BGL is proud to announce the launch of its Workflow module in its multi-award-winning SMSF administration and investment management solutions, Simple Fund 360 and Simple Invest 360.

“Managing all the tasks associated with a client’s monthly processing and annual accounts is a huge challenge for accountants and administrators,” said BGL’s Managing Director, Ron Lesh. “I’m excited to release our highly requested Workflow module that will streamline and automate this process for BGL clients.” 

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

Jeevan Tokhi, Head of Simple Fund 360 at BGL, said: “In my extensive interviews with BGL clients, it is evident that clients want more control over job status. Many clients continue to maintain workflow in Excel, often relying on this as their primary job-tracking tool or using it in tandem with software like Xero Practice Manager. Our objective is to encourage firms to eliminate the use of spreadsheets altogether.”

“BGL clients can now create custom workflows or use standard templates to align with their firm’s processes. They can leave comments, update tasks, track job completion and develop customised job templates for all entity types. Additionally, clients can reassign tasks in bulk if team members go on leave or depart the organisation. The Workflow module also provides an export of jobs to Excel for further customisation.”

“BGL has also automated the Workflow module based on events triggered within the software. For example, when an entity’s annual return is lodged, this will automatically update the status of the associated task. Leveraging its robust ecosystem, BGL plans to integrate the Workflow module with audit partners, document providers and practice management solutions via its free and open API,” concluded Tokhi. 

Learn more about Workflow
11/10/2023
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BGL updates integration with MYOB GreatSoft

By BGL Update, CAS 360, Simple Fund 360, Simple Invest 360No Comments

BGL is proud to announce the release of its enhanced integration with leading business management platform MYOB GreatSoft practice management.

“We are excited to roll out our new and improved two-way practice management integration with GreatSoft,” said BGL’s Managing Director Ron Lesh. “This integration streamlines the management of company, SMSF, trust, and individual client and contact data across four apps in a single database. This eliminates the need for manual and duplicated data entry, freeing up valuable time and resources for clients.“

Valantis Vais, Head of Product – Enterprise for MYOB, said, “Accounting Practices are struggling with an industry-wide shortage of Accountants, so reducing the amount of precious time wasted keeping data in sync between BGL’s suite of products and MYOB GreatSoft with a seamless 2-way workflow will help reduce pressure on the existing teams. Plus, this integration demonstrates our commitment to creating an Open Business Management Platform for Accountants.”

The new and improved two-way BGL Practice Management Integration (Version 2) connects MYOB’s GreatSoft practice management software with the BGL Suite, which includes company, trust and AML management software, CAS 360, SMSF administration software, Simple Fund 360 and accounting, investment and tax software, Simple Invest 360.

“The integration features client and contact level synchronisation, prompts to review a client/contact before syncing to an app and provides notifications for duplicate clients/contacts,” continued Lesh. “It also includes the ability to add clients/contacts in bulk, view client/contact relationships and change history. All clients/contacts can be searched and filtered in the Client List screen”. 

“So, if a client’s details change in the BGL Suite (CAS 360, Simple Fund 360 and Simple Invest 360), this change is automatically updated in GreatSoft,” added Lesh. “Also, when client or contact details change in any app, our company compliance software, CAS 360, will prompt clients to prepare all the relevant ASIC compliance documents.” 

BGL plans to extend this integration to other practice management partners.

BGL’s free and open API is used extensively across the industry with 350+ data feed and integration partners in the BGL Ecosystem, delivering a holistic experience to BGL clients.

Learn more about the BGL + GreatSoft Integration

About MYOB

MYOB is a leading business management platform in Australia and New Zealand, providing solutions to streamline key business workflows, from finance and inventory management to employee onboarding and payroll. With a core purpose of helping more businesses with 0 to 1000 employees in Australia and New Zealand start, survive and succeed, MYOB offers a richly curated, integrated and flexible platform that enables a business to make better decisions, unlock its full potential and confidently grow. For more information visit myob.com or follow MYOB on LinkedIn. For more information about MYOB’s Greatsoft solution, please visit GreatSoft: A Cloud Practice Management Solution For Growing Accounting Firms (myob.com).

11/09/2023
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