Overview

The ATO Supervisory Levy account from Simple Fund Desktop will migrate to account 30400 if it passes one of the following conditions in Simple Fund Desktop:

A) If the Supervisory Levy is setup under account 304 in Simple Fund Desktop, this will migrate to account 30400 in Simple Fund 360;

B) If a custom account has been created (other than account 304), the account will map to 30400 in Simple Fund 360 if the Tax Return Label "Expenses - ATO Supervisory Levy (J)" is selected for the custom account. 

If neither of the above conditions are met the account will be mapped to the number used in Simple Fund Desktop with an additional two zeros added to the end. For example, if the account used in Desktop was 306, this will be mapped to 30600 in Simple Fund 360. 

Please review the account in the Simple Fund 360 Chart of Accounts post migration if neither of the above A and B conditions are met as this may affect the SMSF Annual Return. Confirm the Tax Return Label is correct.