SUMM

Finding the Account ID in SUMM.
There are two methods to acquiring the Account ID.
The first, in the SUMM platform, navigate to the top right corner of the screen and click on the profile.
Then click settings, and from here, scroll down to the 'Support' section and copy the User ID


The second method is to navigate to 'Report' then to the Tax report section, and select Custom. Click on the three-dot icon for BGL Simple Fund 360 Data Export, then copy the account ID.

Setup
1. From the Wrap and Platform Global tab, select (+) Setup.

2. The Wrap Feed Setup screen will appear. The entity name will appear.

3. Select SUMM as the Feed Provider.
4. Input the Account ID

5. Select the bank account where cash transactions from the digital currency exchange will be recorded.

6. Link Holding Accounts to Feed: Linking holding accounts to a specific feed ensures transactions from this feed are allocated to these bank/investment accounts. This is particularly important if there are other feeds set up in the entity that have holding accounts that need to be kept separate from this feed’s holding accounts for reporting and CGT reasons. For more information on Account Mapping, click here. 
7. Select Save.

Exporting the XML from SUMM and Importing it into Simple Fund 360/Simple Invest 360.
First, to download the XML file from the SUMM platform:

1. Login to your SUMM platform
2. In the ‘Reports’ page, scroll down to where you see the option to download the reports. In here, you’ll see the ‘BGL Simple Fund 360 Data Export’ report.
3. Click the ‘XML’ button to the right of it then this should be saved to your Downloads folder.

To upload the XML from the SUMM platform, click on the manual import button under actions for the SUMM feed.

Drag and drop the XML file into the File Location field and then enter the Do Not Load Before / After dates, then click import.

What types of transactions are included in the feed?

The following transaction types are imported by the feed.

• Investment transactions for Crypto and NFTs
• Income transactions
• Cash transactions

Are any balances imported by the feed?

Simple Fund 360/Simple Invest 360 will import the Cash and Investment balances.

What accounts will the transactions be imported to?

Crypto and NFT investment transactions will be imported to the 70040 Cryptocurrency accounts

Income transactions will be posted to the relevant 26500 account.

How long does it take to receive transactions from the SUMM Wrap Feed?

The SUMM Wrap Feed is a manual feed, meaning transactions do not automatically import. Once the supported XML file is uploaded, the transactions are posted instantly.

How will NFT codes be displayed in Simple Fund 360/Simple Invest 360?
As the NFT security codes can be quite long, these codes have been limited to 15 characters.
This means that the NFTs will be imported into Simple Fund 360 looking like the following example.
70040/A123…321A.COIN