Support Query

Is there a function in Simple Fund 360 that allows lump sum payments/transfers out to appear on the operating statement? Auditors have reported it difficult to trace such payments. 

Solution

The option Display in Operating Statement? appears in the Rollover Payment Details panel when completing a Lump Sum Payment or Transfer Out.

Select Yes to display the lump sum amount in the Operating Statement. 

By default, when Transferring from one Super Fund to another is selected as the payment type, Yes will be automatically selected by Simple Fund 360.