1. AI Assistants:
In May, we added our first AI Assistants. This update now boasts the following:
- Division 296 Planning Assistant: calculates Division 296 Tax amounts based on proposed legislation for members who may be impacted, based on their member balances and related transactions.
- Global Member Balance Assistant: supports firm-wide queries across all funds and member accounts, providing member end-of-year balances for the last 20 financial years. This enables faster insights without the need to open individual fund dashboards.
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BGL Assistant: enhanced with more fund-specific information, including pension details, investment strategy data, investment returns, and exchange rates.
New in Action: You can now create a Note directly in the Entity Dashboard using the BGL Assistant. Ask it to add a Note for you!
2. Workpapers - New built-in spreadsheet
Users can now add calculations and notes directly to any working paper using our new embedded spreadsheet. It supports most standard spreadsheet formulas, with even more features and enhancements coming soon.
3. ATO Interest
The Tax Payment / Instalment More Details Panel (for account 85000) has been updated on both the Transaction Screen and Smart Matching screen to capture ATO interest earned, ATO interest paid, and ATO fines, reducing the time required to enter ATO-related amounts.
4. Coinstash
A new daily file import has been established with Coinstash, one of the longest-running and most trusted cryptocurrency exchanges in Australia. Coinstash also offers an Adviser program that provides tailored assistance to accounting professionals and advisors with clients investing in digital assets. Access exclusive education, best-in-class reporting, and personalised support.
5. Property Dashboard - Invoice Management
The Property Dashboard now supports the creation and tracking of invoices for investment properties. This new functionality is particularly useful for clients who own commercial properties and need to invoice tenants regularly (e.g. monthly rent). Once a tenant makes a payment, the system enables seamless matching of the invoice with the corresponding cash deposit transaction, streamlining property income reconciliation.
6. 2025 Electronic Lodgement of Returns
Simple Fund 360 now supports the electronic lodgement of the 2025 SMSF annual return.
New Features
- ATO Interest Account – The Account 33700(ATO General Interest) had been made non-deductible from the 2026 financial year following new legislation from the ATO.
- Contacts – Export to CSV now includes all Contact information fields when generated.
- Contract Notes Service – Ora Capital is now supported under the Contract Notes Service.
- Corporate Actions – 1 new merger added.
- Entity Dashboard – GST status and registration date now display on the Entity Dashboard screen.
- HUB24 Feed – The Transaction matching tolerance has been improved for Bank to Income transactions.
- Netwealth Feed – The transaction matching tolerance has been improved for Bank to Income transactions.
- Open Banking – Consent expiry alerts are now sent via email at 7-day and 30-day intervals before expiry.
- Reports – Audit Workpapers have been updated for 2025, incorporating the latest compliance requirements.
- Reports – Note 1 for Reporting entities has been updated in the Notes to the Financial Statements
- Selfwealth Feed – Migration to the new ANZ ACMC bank account is now complete for all active feeds.
- Workpapers – Report and checklist templates can now be applied to accounts 72650 and 78000.
Enhancements
- Company Tax Return - Fixed an issue with prefilling of item 6E.
- Report Settings - We have removed the search display limit of 20 sub-accounts.