| Feed Type |
Cash Movements (Bank Transactions |
Investment Movements (Buys & Sells) | Income Movements (Dividends & Distributions) | Historical Data |
| Automated |
Overview
A new feed from HUB24 has been added which will allow you to automatically import cash, investment and income data on a daily basis.
Important
Please note your Hub24 credentials are valid for one year and will need to be manually updated in Simple Fund 360 to ensure that your feeds remain active. To obtain a new set of credentials, please email admin@hub24.com.au
You will need to complete the following to obtain adviser credentials from Hub24.
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Go to Settings > Adviser > Setup EPI Login
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Select Show EPI Password
These details will need to be added in Simple Fund 360 to allow the data feeds to operate. For instructions on completing this, please refer to step 1.
The Administrator field generally refers to the adviser for the fund. If you have no such adviser, you may enter your firm name for the Administrator field.
Once HUB24 have confirmed that the feeds are enabled on their end, they will provide the adviser credentials to input into Simple Fund 360. This will include the following:
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Extract ID
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EPI Login
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EPI Password
To enter these adviser details into Simple Fund 360, please follow the below instructions.
1. From the Feed Management Screen, select Advanced Options and Reports. Select Provider Settings
2. Click on “Add New”
3. Please input the credentials provided by Hub24 and select Save below
Important
Please note your Hub24 credentials are valid for one year and will need to be manually updated in Simple Fund 360 to ensure that your feeds remain active. To obtain a new set of credentials, please email admin@hub24.com.au
Within the Feed Management screen, click the blue ( + ) Setup button to create a new feed.
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Entity Name - Ensure that the correct entity has been selected.
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Feed Provider- Select 'HUB24'.
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Account ID - Input the Account ID for the wrap account.
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Bank Account - Select the Bank Account for the fund the authority is being granted for.
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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 of manual work.
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Import Distribution Components - If you would like to receive distribution components through the feed, toggle this ‘ON’.
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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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Save - Click this button to ensure that any changes made are saved.
Have HUB24 adviser credentials been entered in the Provider Settings within Simple Fund 360?
If not, please refer to the Authority Process tab of this page.
If they have, please confirm that the credentials entered are correct and that they display ‘Feed Operating’ in the Provider Settings.
If this the above has been confirmed and transactions are still not importing into the fund, please log a support call and share access to the relevant entity in BGL so a member of our Data Services Team can assist.
Yes, historical transactions and balances are requested upon the inception of the feed.
How can I import the historical data?
Yes, any transaction data which is missing can be retrieved by BGL provided that the adviser credentials have since been updated and are operational.
Please log a Support Call and one of our Support Staff from the Data Services Team will be able to assist.
Whilst BGL can retrieve historical transaction data, HUB24 is unable to provide BGL with historical balance data.
Transactions and balances will be posted to the asset accounts that are linked to the data feed as per the Account Mapping.
For purchases of new investments not previously held by the fund, new accounts will be created and transactions will be automatically allocated. This is provided that the user hasn’t already created a sub-account for the investment and mapped it to the feed.
Dividends and distributions will be coded to the accounts 23900 and 23800 respectively using the ASX codes. Interest income will be coded to the linked 25000 interest account.
Can transactions from the feed be automatically matched and coded by the system?
The system can automatically match the following types of transactions provided that the debits and credits reconcile between the transactions and that the transactions are recorded within a similar date range.
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Investment movements (Buys and Sells) and the corresponding Bank movement(s).
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Income movements (Dividends and Distributions) and the corresponding Bank movement(s).
Any transactions which have not been automatically matched or coded by the system will need to be actioned manually.
Transactions such as expenses will not be automatically matched by Simple Fund 360 unless you have Transaction Matching Rules set up. You can match those transactions through the Smart Matching Screen and create Transaction Matching Rules if applicable.
If the Account Mapping process had not been completed when setting up the data feed within Simple Fund 360, then the system will create new accounts to allocate the data to.
If this results in duplicate asset accounts being created, please refer to our help article Wrap Feed has created duplicate accounts?
Simple Fund 360 automatically updates wrap feed distribution transactions with their respective final tax components when the annual statement is made available.
For more information, please refer to Distribution transactions and tax components.
If transactions have a Settlement Date that falls after the 30th of June, they are not captured in the balances provided by HUB24 on the 30th of June. This can cause a discrepancy to show on 30th June between the Ledger Balance and the Third-Party Data Balance on the Balance Review screen.
In this case, please reconcile the BGL360 Ledger Balance with a physical statement from HUB24. We apologise for any inconvenience this may cause.