| Feed Type |
Cash Movements (Bank Transactions |
Investment Movements (Buys & Sells) | Income Movements (Dividends & Distributions) | Historical Data |
| Automated |
Overview
BGL has integrated with CFS FirstWrap to provide a year-end data feed from CFS FirstWrap.
The following information is imported through the data feed:
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Cash movements (bank transactions).
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Investment movements (purchases and disposals).
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Income movements (dividends, distributions, and bank interest).
Please note
This Data Feed does not operate on a daily basis and will need to be requested manually by the advisor at year-end on the CFS First Wrap Website
To authorise a data feed to be sent from CFS FirstWrap to BGL, please contact your adviser to send data from the CFS FirstWrap online website by following the below instructions.
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Log into the CFS FirstWrap online website.
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Support tools > Financial planning software feed > Request software feed.
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Select ‘BGL 360’.
Please Note
CFS FirstWrap requires this step to be completed annually at year end. It is recommended to wait until all managed fund tax data is finalised before getting this turned on by your adviser.
To set up a CFS FirstWrap 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.
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Entity Name - Ensure that the correct entity has been selected.
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Feed Provider - Select 'CFS Wrap'.
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Account ID - Input the Account ID for the wrap account.
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Bank Account - Select a Bank/Cash Account to link to this feed.
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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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Holding Accounts Report - Once the BGL starts receiving a data feed, the report will show the Security Code and Portfolio Code required to be input in the Account Mapping section for each asset account.
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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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For any Bank Account associated with this feed, please enter the relevant Bank Code into the Security Code field. This will allow the feed to identify and post transactions to the correct existing Bank account.
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APCS - Use this code for the primary cash account
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CFSACA - use this code for the 'Accelerator Cash Account' (ACA)
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Once we start receiving a data feed, you can re-confirm the Portfolio Code/Security Code for each asset account by downloading the Holdings Accounts Report.
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Save - Click this button to ensure that any changes made are saved.
Yes, historical transactions and balances are also requested provided upon the inception of the feed.
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FirstWrap Plus
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Beacon
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Commonwealth Private Portfolio Service
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encircle
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FinHQ Wrap I
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Investment Exchange
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Mercer Portfolio Service
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Northhaven Wrap
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Omniport
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Star Portfolio
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Symerty Portfolio Service
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Symetry Active
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Symetry Foundation
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Ultimate
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.
For any Bank Account associated with this feed, please enter the relevant Bank Code into the Security Code field. This will allow the feed to identify and post transactions to the correct existing Bank account.
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APCS - Use this code for the primary cash account
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CFSACA - use this code for the 'Accelerator Cash Account' (ACA)
Once we start receiving a data feed, you can re-confirm the Portfolio Code/Security Code for each asset account by downloading the Holdings Accounts Report.
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?
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.