New Features November 25/11/2021

New Features


  1. Wrap up the year with a brand-new wrap feed! The Xplore Wrap is now available, automatically importing cash, investment and income data on a daily basis. This feed also includes foreign transactions.

  2. Better yet, the wrap feed setup process has been improved, to allow you to link holding accounts to a specific feed. This simplifies entities that receive data from multiple sources. For more information, click here.

  3. Entity Workflow: Filter your entities even further using the new GST Registered Status filter. Included for both Simple Fund and Simple Invest 360.

  4. Ecosystems: Export Annual Returns with Xero with a click of a button. We’ve built in a new integration to export data to Xero quicker than ever before.

  5. Reports: Introducing the newest addition to our member reports - The Priority Payment Minutes is available today!

  1. Wrap up the year with a brand-new wrap feed! The Xplore Wrap is now available, automatically importing cash, investment and income data on a daily basis. This feed also includes foreign transactions.

  2. Better yet, the wrap feed setup process has been improved, to allow you to link holding accounts to a specific feed. This simplifies entities that receive data from multiple sources. For more information, click here.

  3. Entity Workflow: Filter your entities even further using the new GST Registered Status filter. Included for both Simple Fund and Simple Invest 360.

  4. Statement of Taxable Income: New reserving section added for Companies & Individuals. Available today!

Improvements


  1. Smart Docs - CGT: 23800/InvestmentCode accounts will be created only if distribution entries are entered for that investment.

  2. Smart Docs - CGT: Improvements have been made to the calculation between units, unit price and debit fields.

  3. Entity Dashboard: Notes will automatically sort when a new note is added.

  4. Contacts: New field has been added for Individuals - Australian Director ID.

  5. Reports Screen: Settings will not reset when previewing General Ledger and the General Ledger Audit View.

  6. Investment Summary Report: New setting has been added to the Investment Summary Report to group by portfolio. When setting is on ‘Portfolio code’ and 'External Ref Account Id will display.

  7. Xero: Track which returns have been lodged in Xero directly from the lodgement Screen in Simple Fund 360 by referring to the new Xero Status column.

  8. SuperStream: The following improvements have been made to SuperStream Rollovers.

    • Message sender details will show the Organisation ABN, Name and Contact Email in the outgoing message.

    • Restrictions have been placed for certain special characters for Receiving Fund Name / Transferring Fund Name to prevent failed messages.

    • ABN, USI, BSB, Account Number fields to accept values with space on input and will remove spaces automatically

    • Renamed “Awaiting Validation” status to “Sent” and add transaction status tooltip.

    • Validate Other Name so it does not exceed maximum allowed characters.

    • Action Required tab in Global View now ordered by Fund Name in ascending order.

  1. Tax Adjustments: Users will now be able to allocate to a reserve account for companies and individual entities when using the Tax Adjustment screen.

  2. Chart of Accounts: The following accounts have been added to the chart:

    • New “Equity - Individual” type account for All Individual Entities: Account 58065 - Investment Revaluation Reserve
    • New “Equity - Company” type account for All Company Entities: Account 58665 - Investment Revaluation Reserve
  3. Individual Entities: PAYG Instalments will now display in the Statement Of Taxable Income Report.

  4. Notes to the Financial Statements: Logic updated for Income tax expense note in Notes to Financials for Companies and Trusts

  5. Distribution Tax Components: Users can set Net Taxable Income or Net Accounting Income for Beneficiary Tax Components in Share of Income of Trust Estate (W).

  6. Distribution Reconciliation Report: Notes have been added to the Distribution Reconciliation Report for Trusts, Companies, and Individuals.

Errors Corrected


  1. Detailed Activity Statement Preparation Report: When exporting to Excel and Word formats, the report header date was missing.

  2. Pension Commutation Letter/Minute: Updated wording to be able to dynamically adjust whether there are single or multiple accounts.

  3. Lodgement Status Report and Property Report: Corrected issue where the incorrect date was being displayed.

  4. Winding up: Issue corrected where Wind Up funds with TBAR entries were not able to Reverse Entries.

  5. Statement of Financial Position: Optimised the generation of the report.

  6. SuperStream Rollovers: Send Rollover Transaction Request for the beneficiary without Death Benefit Tax Code and Recipient Age Category Code was not displaying a validation message.

  7. SuperStream Rollovers: Transaction History was displaying the requested amount incorrectly in multi rollovers scenarios.

  8. SuperStream Rollovers: When selecting beneficiary from Contacts, the TFN and Country were not being pre-filled from Contacts.

  9. SuperStream Rollovers: When viewing transaction history, the member account was missing.

  10. SuperStream Rollovers: Beneficiary name was not displaying in the view rollover transaction modal.

  11. SuperStream Rollovers: Transaction History will now display an error message for an EPF message being rejected.

  1. Statement of Taxable income: Fixed issue where Franking and Foreign credits were not being picked up correctly for entity type Company.

  2. Workflow: fixed an issue where the status of period compliance could not be reversed in certain scenarios.

  3. Entity Setup: Fixed issue where entity setup screen was partially cut off on smaller screens.

  4. Depreciation Screen: Fixed an issue where the Net Rent field was not picking up depreciation expense.