Cash Movements (Bank Transactions
|Investment Movements (Buys & Sells)||Income Movements (Dividends & Distributions)||Historical Data|
**Simple Fund/Invest 360 will still be able to automatically code dividend transactions using it's inbuilt ASX data feed
BGL has integrated with AUSIEX (previously known as CommSec Adviser Services) providing users with a daily data feed.
The following data is imported through the feed:
- Investment movements (purchases and disposals)
- Income transactions (dividends and bank interest)
AUSIEX will import both historical balances (found via the Balance Review screen) and all historical transactions.
Note: Bank Transactions are no longer supported by AUSIEX
As of 19/03/2022, AUSIEX no longer support bank transactions.
If you wish to set up a feed for your bank account, we recommend using the BGL Bank Data service to automatically import bank transactions.
For more information, please refer to AUSIEX divestment from CBA.
To set up an Ausiex data feed within Simple Fund 360, please navigate to the Feed Management screen and follow the below instructions.
Within the Feed Management screen, click the blue ( + ) Setup button to create a new feed.
Entity Name - Ensure that the correct entity has been selected.
Feed Provider -Select ‘AUSIEX’
Account ID - The Account ID will be the Trading Account Number issued by AUSIEX
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.
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?
Save - Click this button to ensure that any changes made are saved.
Alternatively, for banks that are not supported, cash movements can be uploaded in bulk in two ways:
Yes, historical transactions and balances are also requested provided upon the inception of the feed.
What is the turnaround time for authorising a data feed?
The turnaround time will differ for each wrap and investment platform. If you do not receive a response within a week, please follow-up directly with the relevant wrap or investment platform.
How will the transactions and balances be allocated?
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.
The data feed has created duplicate accounts?
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?
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.
Investment movements (Buys and Sells) and the corresponding Bank movement(s).
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.