Overview
A new data feed from CFS Edge has been added into Simple Fund 360. The following information is imported through the data feed:
- Investment transactions
- Income transactions (dividends, distributions, interest)
- Bank transactions
- Bank and Investment Balances
Please Note - Income tax components
Simple Fund 360 will not automatically update wrap feed distribution transactions with their respective final tax components.
An inception file from CFS Edge is required to obtain the final tax components.
The issuing of a tax statement would indicate all components for an account have been received for the tax year.
Please refer to the following document for detailed instructions on how to request an inception file:
CFS Edge EPI Integration
If the link above is not working, please use the link at the bottom of this article
CFS Edge adviser will need to activate the data feed via CFS Edge.
Please refer to the following document for detailed instructions on how to complete this process:
| From the Main Toolbar, go to Connect | |
| Select Feed Management from the list. | |
| Select the Wraps and Platforms Global tab. |
Within the Feed Management screen, click the blue Setup button to create a new feed.
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Entity - Ensure that the correct entity has been selected.
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Feed Provider - Select ‘CFS Edge’
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Account ID - Input the Account Number for the wrap account
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Bank Account - Select a Bank/Cash Account to link to this feed
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Do not import data before - Users can restrict the data that is imported by the feed by inputting a date. Clicking on the three dots will allow you to also enter a Do Not Import Data After date. If data has already been manually entered, this step will be necessary to prevent any duplication with manual work.
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Import Distribution Components. Select toggle to have the distribution tax components imported into Simple Fund 360. Users can turn this function off to allow flexibility to have all distributions imported with zero tax components and for users to enter in the tax figures at year-end.
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Account Mapping - Users are required to link asset accounts to the feed to ensure that data is allocated to the desired asset accounts. If this step is not completed, the system will create new accounts to allocate the data. If this results in duplicate asset accounts, please refer to our help article. Wrap Feed has created duplicate accounts?
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Holding Accounts Report - Once BGL has begun receiving a data feed for the account, users can generate an excel report which displays all asset accounts and corresponding Security Codes and Portfolio Codes. This can assist with the Account Mapping process.
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Save - Click this button to ensure that any changes made are saved.
For a list of frequently asked questions, please click here.