New Features
- New Broker: A new Broker – ‘Catapult Wealth Pty Ltd’ has been added to our list of Supported Brokers.
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Beneficiary Screen: A new Beneficiary Screen has been created within Simple Invest 360, that allows users to set up Beneficiaries quickly and easily for all types of Trusts.
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User Roles: A new user group has been created within the User Roles page for the newly added Beneficiary Screen. Within this user group, there are two new user roles: ‘Beneficiary List’ and ‘Beneficiary Screen View Only’.
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Accounting Profit Distribution Screen: An Accounting Profit Distribution Screen has been created within Simple Invest that allocates Account Profit to Beneficiaries and Trusts.
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New Report: A ‘Beneficiary Balance Summary’ report is now available that displays the Accounting Profit Distribution to Beneficiaries for the year.
Improvements
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Centrelink DVA schedule: Reporting Period Start Date mail merge field has been enabled and can be used in the Centrelink DVA schedule.
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Badge: We have updated the Reports Footer, which will allow more characters for APES 315.
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Operating Statement: Based on client feedback we have added a subtotal line for the expense category.
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Work Test Declaration: In line with the most recent legislative updates regarding a members age, the Work Test Declaration Report for the 2021 Financial Year has been updated
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BAS/IAS Declaration: Improvements have been made to the BAS/IAS Declaration to include the Tax Agent details.
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Transaction Recode: Improvements have been made to create new sub-accounts when using the Transaction Recode function.
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Corporate Actions: The following Corporate Actions are now supported and can now be processed from the Corporate Actions Dashboard:
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Renounceable Rights: PointsBet Holdings (PBH)
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Non-renounceable Rights: Reece Group (REH)
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Demerger: Westgold Resources Ltd (WGX)
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Merger Takeover: OptiComm Limited (OPC)
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Code change: Fidelity FIRST Global Fund has changed its code from FID4852AU to FID0239AU
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Share Buyback: PM Capital Asian Opportunities Fund Limited (PAF): Instructions to be added to the Corporate Actions Dashboard.
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Capital Return: OneMarket Limited (OMN): Shareholders received a capital return.
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Stock Split: Tesla Motors Inc (TSLA.NDQ): Shareholders receive four additional shares for each share held.
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In-specie Distribution: Think Childcare Limited (TNK): instructions to be added to the Corporate Actions Dashboard.
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Foreign Dividend: ResMed Inc.( RMD): Foreign Dividend Data Provided will be included in the ASX data feed and available in Smart Matching
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Smart Matching: From the Smart Matching Screen you will now be able to match a $0.00 interest transaction to account 25000/XXX
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Account View: when using the Account View function, we have now added a running balance to help you sort through your transaction data.
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Reporting: An option has been added to the Badge Settings to enable or disable Bookmarking when creating your Financial Report Packs.
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Fund Contacts API: Address State to be in an abbreviated format. Example: NSW/VIC/QLD/SA/WA/TAS/NT.
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Feeds: Data Import times have been updated for Foreign Securities Prices to handle overseas daylight savings.
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Mobile App: Track your funds’ performance against the ASX 200 benchmark, which has been added to the TWRR Chart.
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Trust Tax Reconciliation Report: New label “27V - Net capital losses carried forward to the next year” has been added and is now supported in the Trust Tax Reconciliation Report.
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Trust Tax Reconciliation Report: TFN Amounts Withheld 11I, 12N and 8E are also supported in the Tax Reconciliation Report for Trusts.
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Entity Setup: When a new Trust has been created, quick links will now display to help you complete the setup process. The Add Beneficiaries button will direct you to the new Beneficiaries Screen.
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Badge: We have updated the Reports Footer, which will allow more characters for APES 315.
Errors Corrected
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Fixed: Members’ name will display correctly in the Detailed Statement of Financial Position.
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Fixed: Wording in the Trustees’ Declaration Template.
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Fixed: Depreciation alert messages will now display for the same asset when depreciation is posted part way through the year.
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Fixed: Alignment issues for the Capital Gains Reconciliation Report.
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Fixed: Disclaimers and APES Footers on certain reports.
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Fixed: Pro-rata calculations for depreciation in the Depreciation Worksheet.
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Fixed: Xplore Wealth (IAS) brokerage and consideration descriptors have now been updated.
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Fixed: Bank CSV import can now be completed when an account has the same code as a clearing account.
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Fixed: Database entries will now be removed when untagging a document or deleting a tag.
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Fixed: Documents will no longer be tagged to restrict the view for the Account Owner.