Open Banking - BGL can receive a direct bank data feed from over 110 banks (all banks in Australia), closed accounts, Term Deposits, Loan accounts. This available to any users who would like to join our Beta program. Please review the Help Guide and email SF360beta@bglcorp.com.au to get access.
Transaction Recode - A Beta version of the new Transaction Recode screen is now available for all users with access to the Transaction Recode user role. This feature supports the re-coding of all Investment transactions and select Income, Expense, Asset, and Liability accounts.
Global Audit Management - This screen will help you track audits at a firm level and view analytics on their progress over a Financial Year.
Form Status - Custom Form Statuses for SMSF Annual Returns, BAS & IAS forms.
Reports - A new Rate of Return Report has been added to show the Total Net Income divided by the Total Weighted Balance (calculation includes franking credits and excludes Income Tax Expenses)
Entity Relationships - Added a “Copy all emails” function to the Entity Relationships screen to copy the email addresses of all contacts in that group to your clipboard or open an email directly in your email client.
Documents - You can download audit reports for digitally signed reports in our system using FuseSign, DocuSign, and Adobe Sign on the Documents screen. The signing providers issue these reports to certify digital signatures with signer details like identity, IP address, and more. For SMS-authenticated signatures, a BGL certificate is included in a ZIP file. Please note this option appears only if all signers have signed and the report was generated after this feature's release.
An example of third-party audit report:
SSO Mobile view - New mobile-friendly view for core SSO/User functions including: Logging in, setting/resetting MFA, updating password.
Reports - The Investment Income Comparison Report now includes an indicator and footnote when the Units on Hand do not match the 45-Day Qualified Units match.
Share Data Pack- Enhancements for the Ausiex Share Data feed have been made, improving how daily balance data is imported.
Smart Reports- Two new reporting options have been added, allowing users to select “Year to Date” and “Since Inception” as the date range of Smart Reports.
Smart Reports- Comparison periods will now follow the badge setting applied to the entity, changing depending on if “Direct Comparison” or “Prior Year End 30/06” is selected.
Entity Details - A new toggle related to Tax Effect Accounting has been added, allowing users to control the automatic write back of PDIT.
Wind-Up Wizard — Step 5 (Making payments to external funds) can now be manually marked as reviewed, accounting for when bank balances have been paid out after the wind-up date.
Wind-Up Wizard – A notification has been added to notify users of any negative rollover amounts in Step 4.
Workflow Jobs- Filters have been enhanced to allow filtering using multiple labels, with options available to show Workflow Jobs with Any or All of the selected Labels.
Operating Statement(Trusts & Companies) - Updated the wording in the Operating Statement for Trusts and Companies to read “Retained Earnings/(Losses)”
Various Practice Management Integration improvements have been added: > Reauthorise APS prior to connection expiry > Business Structure mapping for APS > Address and name syncing improvements for APS and MYOB PM
Deferred Tax Reconciliation Report - Fixed an issue where manual journals are posted to account 89000.
Deferred Tax Reconciliation Report - Resolved a discrepancy where the asset has no inits or cost base linkage.
Members Account Code - We've corrected an issue where the Member code was incorrectly increasing by a larger number.
SuperStream - Fixed an issue where Rollover Components were incorrectly populated with invalid characters for tax components.
Smart Reports -Fixed an issue where the timestamp did not show correctly according to the user's timezone.
Reports - Resolved a rounding issue in the CGT schedule where current year losses applied (2B) are greater than available current year losses (2A) for both Trust and Companies.