New Features - August 2018 Release (23/08/2018)

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New Features

  1. TBAR Cancellations

TBAR Cancellations now available.

User Role : Read Only access role for TBAR Management and Transfer Balance Dashboard screens added.

  1. Smart Matching

Simple Fund 360 Smart Matching is designed to assist you in streamlining your SMSF processing. It encompasses the key features of data feeds, transaction matching and rule creation; alongside the introduction of Simple Fund 360’s " Smart Post " technology.

  1. Xero HQ

Xero HQ integration now available.

  1. ASF Audits - One-Click Integration

Integration with ASF Audits now supported.

  1. Corporate Actions

Notifications have been added to the Corporate Actions dashboard to support the following:

Takeovers:

  • Independence Group NL (IGO) takeover of Sirius Resources NL (SIR)
  • Vocus Communications (VOC) takeover of M2 Group (MTU)
  • Programmed Maintenance Services Ltd (PRG) takeover of Skilled Group Ltd (SKE)

Improvements

  1. Corporate Actions Notifications: Notifications for Takeover/Merger events will display. A link to the online help can be accessed by selecting “Action”.
  2. Fund Workflow: Trustee type filter (corporate or individual) added.
  3. BankStatements Powered by PROVISO: Greater Bank (formerly Greater Building Society Ltd), Beyond Bank and Regional Australia Bank now supported.
  4. Supported Brokers: Fat Prophets Pty Ltd added.
  5. BGL API: New endpoints added:
Endpoint Explanation
Fund Trustees A new endpoint has been provided which has an improved and structured response. We suggest that existing API providers who currently use the /fund/trustees endpoint to switch to this new one. The old endpoint will be removed in 2019.
Member Details A new endpoint has been provided which has an improved and structured response. We suggest that existing API providers who currently use the /fund/members endpoint to switch to this new one. The old endpoint will be removed in 2019.
Balance Sheet (Detailed) A new endpoint has provided which will return the Detailed Balance Sheet for an Individual Fund.
  1. Create Entries: Calculations updated for both actuary and manual percentages for deemed segregation.
  2. Fund Pension Policies (Actuary Wizard): New validations have been added to the wizard.

Improvements:

  • Member Age cannot be greater than 120
  • The account opening/closing balance cannot be negative
  • Validation if member’s end of the day running balance is negative on any day during the Financial Year
  • Sum of member opening/closing balance plus reserve opening/closing balance should be equal to fund balance
  • Sum of all the transactions and opening balance should be equal to the closing balance of the account.
  • Minimum of one pension member
  • Each pension account must have at least one pension type
  1. Transfer Balance Dashboard: Lodged date for events now displaying on member dashboard.

  2. BAS/IAS: BAS Form P updated for Simpler BAS.

  3. Investment Summary Report: If the report end date falls on a weekend for example 30 June 2018, it will now check if the investment has a market price between the Friday and Saturday e.g. between 29th and 30th June, otherwise it will display footnote for the last available price used. If 30 June is a Sunday e.g. 30 June 2019, then it’ll check if there’s a market price between 28th and 30th.

  4. Commutations / Pension Reset / Pension Rollback and How to Enter Rollover or Lump Sum Payments: CC2 and CC4 event types now supported for these transactions.

  5. Balance Review: Mergers, Code Changes and Delisted Company events that have occurred during the year displayed on the screen with a link to the Corporate Actions screen.

Issues Corrected

  1. AMIT cost base net amount (AMMA statement): Net Cash distribution will now include AMIT amounts.
  2. Live Reports: The screen will not automatically re-load when changing any of the date filter settings. This is to avoid the report re-loading incorrectly if the full date period has not been entered. The report will now only reload when clicking the Refresh button.