How to change the year end tax calculation in BGL Simple Fund 360

Simple Fund 360
#1

This is my first year using BGL360 for my SMSF. I am about to create the year end entries.
For several reasons, the software will not create the correct amount of tax provision/refund once I initiate Create.

  1. The opening entries at 12/7/20 did not record the date of historical cost so BGL can’t calculate the correct CGT discount
  2. I find I am unable to enter the correct year-end tax info for Aust listed trusts
  3. Chicken and egg. I can’t finalise until I get the actuary’s report. I can only estimate the ECPI exemption

What I would like to do if possible is either override BGL’s tax calculation and instead create a journal entry myself Dr tax Cr Provision for tax, OR create a journal entry to adjust the tax provision to the correct amount, which I can calculate once I get the actuary’s certificate.

#2

I’d suggest fixing the Historic Cost bases of all the assets before proceeding, otherwise you’re going to be fighting BGL create entries until all the pre 12/7/20 assets have been disposed of.

This might be what you are looking for to get the historics in properly;
https://sf360.zendesk.com/hc/en-au/articles/4406848368525-Quick-Data-Entry-Investment-History

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