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7th September 2023

  • Updated

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  1. Division 7A Loans - Managing loans becomes simpler with the following new additions:
    • The Interest Received account can now be selected for Loans.
    • Post a journal of the dividend declared amount to the Lender’s ledgers.
    • Post a journal of the interest received amount to the Lender’s ledger.
    • The Division 7A worksheet can now be exported to Excel.
  2. Tax/PAYG Estimate Report - A new report is now available. This report is designed to prepare an estimation for trustees for the tax payable or refundable for the year.
  3. Custom Reports - A brand new dynamic merge field has been added which when added to templates, will generate signing fields for all trustees added in the Fund Relationships screen.
  4. Actuarial Fee Account - The 30075 Actuarial Fee account has been created to record the fee associated with purchasing an Actuarial Certificate, Global Chart of Accounts.   
  5. SmartDocs Utility Bills - A new model has been added linking Utility Bills has become effortless with the upgraded AI integration. 

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  1. Integrations (Trusts and Companies Only) - Improved the integration between Simple Invest 360 and CAS 360. All relationship information and beneficiaries/shareholders with their unit/shareholdings can now be imported.
  2. Corporate Actions - 3 merger corporate actions have been added to the corporate actions screen.
    ASX Code Date
    LME.AX 10 August 2023
    BKL.AX 11 August 2023
    TSN.AX 18 August 2023
  3. Distribution Tax Automation - The Document Upload screen now automatically closes once a document has finished uploading.
  4. Distribution Tax Automation - Investments that were fully disposed and had no income recorded in the financial year now display in the Distribution Tax Automation screen.
  5. Feedback - The Feedback window has been updated with a refreshed user interface changing based on entity type.
  6. Reports (Trust Only) – The Beneficiary Balance Summary report now supports custom beneficiary accounts.
  7. Superstream - “Payment Due by date” has been updated to “Pay as soon as possible” in the Payment Instructions report.
  8. BGL SmartDocs - The Rental Summary model has been enhanced, improving the accuracy in reading and categorising reimbursed expenses.
  9. Wraps and Platforms - HUB24 data feeds no longer import transactions and balances for Cash Reserve accounts.

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  1. HUB24 data feed: Corrected instances where Foreign Cash accounts were coming through as Investments
  2. Praemium data feed: Brokerage was overstated by GST amount and incorrect FX Exchange rate was being used
  3. Bulk Bank Authority Form generation: Bank authority form had incorrectly pre-filled with the Chart Account Name instead of the entity’s name.
  4. Lodgement Screen: Fixed instances where the Lodgement Screen lodging party filter were not applying
  5. Statement of Taxable Income: Updated wording from ‘Income Tax Instalments Paid’ to ‘Income Tax Instalments Raised’.
  6. Contribution Splitting Form: Corrected the Financial Year Ending date auto populated in Section E.
  7. Tax Return: Fixed an issue where the Technology and Small Business adjustment was not prefilling correctly
  8. Distribution Tax Automation (Smart Doc): Fixed an issue where the Payment (Ledger) column in the Review screen was not reflecting the amount of the selected Financial Year
  9. Distribution Tax Automation (Post Accruals): Fixed an issue where the Search Box in Post Accruals screen did not correctly clear search history
  10. Workpapers: The documents originally attached from the transaction list but went missing in the workpaper have now been rectified. Users can refresh the workpaper to retrieve the missing documents.
  11. Bank Feeds via BankStatements.com.au: Fixed an issue where LRBA transactions imported as General Journal transaction type instead of Bank Statement.
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