You can now fully customise the Consolidated Operating Statement and Statement of Financial Position directly on-screen!
The Consolidated Operating Statement and Statement of Financial Position can now be customised on-screen to change the order and grouping of accounts. The report can also be viewed by period or by Entity.
To use Consolidated reporting for a Family Group, you must have Simple Invest 360.
This feature provides greater flexibility and control, ensuring your financial reports are tailored to your specific requirements.
For more see Consolidated Reporting
You can now upload files directly from your phone using a QR code! Scan the QR code in the new upload widget on the Documents and other screens to take a photo or select a file from your phone for instant upload - no need to install anything on your phone. Additionally, don’t forget you can email documents via the entity's unique SmartDocs email address, which is now conveniently displayed on the upload widget!
Check out the Documents Screen for more information.
We’ve introduced a new North platform data feed, designed to streamline the automation of:
- Cash transactions
- Investment transactions
- Income transactions
- Balances
This integration reduces manual data entry, ensuring faster and more accurate updates for your data.
- Audit Management - The Global Audit view can now be exported to PDF or CSV.
- Corporate Actions - 3 new mergers added.
- Investment Dashboard - The dashboard now supports fund-level customised prices for market value and return calculations, depending on the price preference order set by the user in the Badges.
- Open New Macquarie CMA and Accelerator Account - The Accelerator account will be automatically created in the Chart of Accounts, plus a Bank Data Feed will be automatically created on the Feed Management screen once Macquarie Bank approves it.
- Reports - Investment Comparison Report - Enhancements made to display franking credit amounts in red whenever there is a discrepancy greater than $0.10 between the recorded franking credits in the transactions and the estimated franking amounts calculated using ASX income data.
- Reports - Added a setting for Company reports (Directors' Declaration, Declaration of Dividends Resolution, Directors' Report) to allow users to select which directors are to sign.
- Reports - The Appropriation section of the Operating Statement for Trusts and Companies is now switched off by default and can be turned on by users in the report setting.
- Reports - The Unrealised Capital Gains Report - Detailed can now be filtered by account before being generated for Trusts, Companies and Individuals.
- Reports - Updated the Trustee Minute/Resolution for Trusts to allow users to add the ‘adoption of financial statements’ and 'trustee’s declaration'.
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Tax Adjustments - The following fields now allow for decimal values to be entered:
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Early stage venture capital limited partnership tax offset (D1)
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Early stage venture capital limited partnership tax offset carried forward from previous year (D2)
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Early stage investor tax offset (D3)
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Early stage investor tax offset carried forward from previous year (D4)
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Credit for foreign resident capital gains withholding amounts (H8)
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National rental affordability scheme tax offset (E3)
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Exploration credit tax offset (E4)
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- Trustee Minute/Resolution - Updated wording for the contribution section
- Workflow - Expanded the any/all filter to be used across all fields.
- Workflow - Comments will now retain their formatting on hover.
Audit Management Screen:
- Fixed an issue where the Fund View > Edit/Details icon incorrectly allowed the selection of a non-SMSF entity.
Unrealised Capital Gains Report (Detailed):
- Added the ability to display multiple investments based on search criteria.
Deferred Tax Reconciliation:
- Updated the Deferred Tax WriteBacks/Adjustment line to include only manual writebacks from the current financial year.
- Adjusted to include tax-deferred amounts for demergers.
SMSF Annual Return PDF:
- Corrected an issue where the "Other Name" in Section K for the lodging party was incorrectly picked up.
Tax Effect Accounting:
- Fixed the incorrect treatment of prior-year manual writebacks.
- Resolved issues with the treatment of writebacks and calculations for partway create entries.
- Corrected the segregation calculation for accumulation-only pools.
Foreign Tax Credits from Interest:
- Fixed an issue where amounts from the 25000 account’s More Details panel were not being included in calculations.