Guide to activating accounting software connection bgl. Smsf professional i need to manage multiple funds sign up. Simple fund 360 is an intelligent, cloudbased smsf software for accountants to efficiently manage the compliance and administration of. The software does not give you 247 access to your fund record but it is sufficient to manage the compliance work for your smsf. Simple fund 360 is an intelligent, cloudbased smsf software for accountants to efficiently manage the administration of selfmanaged superannuation funds. To deliver the best compliance software for superannuation, corporate registry, accounting and investment management. Jul 16, 2012 the tools accountants use to administer these funds, smsf management software, have also been shaken up by the move to the cloud and there are some parallels with the accounting software market. Online smsf audit self managed super fund audit software. Simple fund 360 smsf trustee software is a simple, highly efficient, automated smsf admin solution specifically designed to meet your compliance needs. The bgl product suite also includes simple fund 360, a state of the art cloud smsf administration solution. Oct 16, 2019 the bgl client success team host free, monthly webinars designed for you to gain the most from your new simple fund 360 smsf software.
Sep 08, 2019 simple fund 360 is an intelligent, cloudbased smsf software for accountants to efficiently manage the compliance and administration of selfmanaged superannuation funds. Simple fund 360 is an intelligent, cloudbased smsf software for accountants to efficiently manage the compliance and administration of selfmanaged superannuation funds. Now, through a seamless document solution from within your smsf software, bgl has chosen smarter smsf to deliver specialist smsf legal, pension and compliance documents directly from within your bgl software. Smsf software simple fund 360 selfmanaged super fund.
Anthea wainman smsf accountant at galluccio griggs. Working with industry leaders to deliver exceptional services to our clients. Bgl is proud to announce the release of its simple fund 360 2019 tax time software to clients, said the company. Each smsf software package offers different features, some with additional costs, particularly around data feeds and auditing. Smsf software corporate compliance software accounting. Bgl employs a team of over 80 to handle software development, support, marketing, client service and administration. I recently went back to check on their progress, and was amazed at how much the guys had achieved in just 18 months, and how quickly their online community is growing. Were thrilled to launch this new service august 2019 at bgl regtech. Moving to cloudbased smsf software comes with a cost. To provide a quality software solution and support service to all clients.
It is not designed to be a conclusive list and this website does not endorse any software provider over another. The bgl bank data service the bgl share data pack the bgl learning channel 5 x telephone support calls. Smsf software provider bgl has now registered for the lodgement of electronic smsf annual returns through the atos standard business reporting sbr system. Asf audits has over 20 years experience working with large administrators, midtier to small accounting firms, and financial advisers. Bgl first to market with smsf superstream solution. Newsletter mclowd news on self managed super funds and smsf software.
Bgl is australias leading developer of smsf administration and corporate compliance software for the accounting industry, simple fund 360 and cas 360. Now, through a seamless document solution from within your smsf software, bgl has chosen smarter smsf to deliver specialist smsf legal, pension and. The software formed the basis for bgl s very first compliance product thirty years on, after becoming australias first windowsbased corporate compliance product, then making the shift to the cloud, bgl now employs over 150 people across. Bgl is currently the main player in the smsf software market, holding the largest market share. Its cloud and desktop software is used by 70% of smsf s. Supermate smsf software for accountants superconcepts. Fabulous products and wonderful forward thinking management.
When it comes to selfmanaged super fund smsf software, class holds 17. Online smsf audit tool is the best software for auditing smsf. Bgl cloud solutions include simple fund 360, australias leading cloud smsf administration software solution and cas 360, the next generation cloud asic corporate compliance software solution. Oct 27, 2019 we will consult with asic on the use of this figure, noting that the smsf software provider class bgls major competitor in its submission to the productivity commission, indicated the adjusted average cost for lowerbalance funds was about half that amount or even lower, while our understanding is that many smsfs operate with total annual. Bgl corporate solutions, australias leading supplier of smsf administration and asic corporate compliance solutions, is proud to announce the release of its simple fund 360 2019 tax time software to clients. We found the following work around for the bgl software to be the best solution. The following guide describes how to activate the connection for linked accountants who use bgl simple fund 360 software to administer the smsf. Bgl is australias leading developer of smsf administration and asic corporate compliance software solutions. The bgl client success team host free, monthly webinars designed for you to gain the most from your new simple fund 360 smsf software. Smsf software icare super uses the most professional accounting and administration software to provide accurate accounting information for your smsf. Software company bgl corporate solutions released its cloud program simple fund 360 for selfmanaged superannuation fund smsf administrators into open beta last week bgl, which claimed 75 percent of the 500,000 smsf funds in australia used its desktop software, had clients with 50,000 funds had already moved to simple fund 360, which was available free of charge in the open. Aug 11, 2014 back in late 2012 i wrote about mclowd, the free smsf accounting tool at the time mclowd was a relatively new entrant, and the software was in public beta. The new software includes the 2019 smsf annual tax return, all the required supporting schedules and electronic lodgement through the atos practitioner lodgement system pls. But it has allowed us to transition to a cloud business and help accountants evolve alongside technology.
If you do not specifically mention any software to be used for your smsf, we will choose bgl simple fund desktop software free of charge. Intelligent, cloudbased smsf software for accountants to efficiently manage the compliance and administration of selfmanaged superannuation funds. Bgl launches free beta program for cloud smsf app simple. Market leader bgl did hold 75%, but could be losing market share to class. Class client communication tools, particularly the mobile app, really help us to deliver a superior level of service to our. Its cloud and desktop software is used by 70% of smsfs. An accounting software connection is available where an accountant has been registered with bt panorama and linked to an smsf s bt panorama account. This is not meant as a direct comparison of the software, but to show the trend towards highercost cloudbased smsf software. The advent of automated smsf compliance and audit software and electronic data feeds now deliver faster and more costeffective smsf administration and audits. Dec 16, 20 software company bgl corporate solutions released its cloud program simple fund 360 for selfmanaged superannuation fund smsf administrators into open beta last week bgl, which claimed 75 percent of the 500,000 smsf funds in australia used its desktop software, had clients with 50,000 funds had already moved to simple fund 360, which was available free of charge in the open beta. Blog media mclowd media releases and media coverage on self managed super funds australia and smsf software. Setup lodging party overview new and existing subscribers for simple fund 360 who plan to lodge the smsf annual return will need to. Bgl first to release 2019 smsf annual tax return software. Individual trustee i only need to manage a single fund sign up.
With simple fund 360, we are able to manage a high volume of funds and still have the opportunity to establish a consistent relationship with clients. How do i nominate bgl as your software provider with the. Easy to collect and upload information, very good checklist, covers every aspect of smsf, huge time savings with the ability to generate reports and complete an audit with only click and the signed audit report is sent to the trustee accountant. The software has been a great smsf processing solution that has given us the capability to grow our smsf service and clients tenfold in 4 years. Jun 23, 2016 when it comes to selfmanaged super fund smsf software, class holds 17. When choosing software please do so based on your own needs and contact the providers listed below. Free smsf accounting software approaching maturity. Seamless document ordering with bgl and smarter smsf. Bgl corporate solutions, australias leading supplier of smsf administration and asic corporate compliance solutions, is proud to announce an industry first integration with smarter smsf allowing cas 360 and simple fund 360 clients to purchase smarter smsf documents from within their bgl software. Bgl incredibly concerned over asic letter to smsf trustees.
Its been a big, big job, says managing director ron lesh fca. Sep 04, 2019 we are thrilled to announce the imminent release of our industry leading document integration with long time ecosystem partner smarter smsf with this unique and innovative solution combining cas 360, simple fund 360 and smarter smsf, you will be able to order corporate and smsf, pension or compliance documents directly from within your bgl software saving you a huge amount of time. By saving valuable time and resources, you will be. Bgls award winning cloud solutions include simple fund 360, australias preferred cloud smsf administration software solution and cas 360, a next. As a new firm looking for smsf software, we considered several accounting packages and found that supermate was best value for money. Bgl has been in the smsf software business for over 20 years. Bgl bank data service simple fund 360 smsf administration. Simple fund 360 is the market leading cloud smsf admin solution. We are thrilled to announce the imminent release of our industry leading document integration with long time ecosystem partner smarter smsf with this unique and innovative solution combining cas 360, simple fund 360 and smarter smsf, you will be able to order corporate and smsf, pension or compliance documents directly from within your bgl software saving you a huge amount.
Bgl support smsf software corporate compliance software. Incumbents such as bgl have taken several years to develop cloud versions of their software to compete against newcomers such as class super. Bgl corporate solutions is australias leading developer of smsf administration and asic corporate compliance software solutions. Simple fund 360 fundamentals live webinar recording. The following is designed to be a quick comparison between the various smsf software options available out there. Service delivery is managed by the bgl support manager and team leaders. We will consult with asic on the use of this figure, noting that the smsf software provider class bgls major competitor in its submission to the productivity commission, indicated the adjusted average cost for lowerbalance funds was about half that amount or even lower, while our understanding is that many smsfs operate with total annual.
Online training access to the bgl learning channel an online, selfpaced training platform is included as part of your simple fund 360 subscription. As a new firm looking for smsf software, we considered several accounting. Simple fund 360 smsf software will empower you and your firm to go beyond data entry and grow your smsf business with its innovative technology. When nominating bgl as your software provided, you will need to have the following information ready. By now, you should have contacted your clients smsf trustees and informed them of the new superstream requirements and that you are going to register them with australia post through the bgl software.
Back in late 2012 i wrote about mclowd, the free smsf accounting tool at the time mclowd was a relatively new entrant, and the software was in public beta. An accounting software connection is available where an accountant has been registered with bt panorama and linked to an smsfs bt panorama account. That is exactly where bgls software is going, so it fits into the mindset of the future. There are two key parts to activating a connection. To ensure you are always using the most up to date and compliant documents around. New and existing subscribers for simple fund 360 who plan to lodge the smsf annual return will need to nominate and authorise bgl with the ato. Search for your provider bgl in the list of online software providers, or search by entering the full name of the software provider bgl corporate solutions pty ltd and select the abn 60606354079 link to accept the software provider. By the end of this webinar, you will have an understanding of. Enter the sbr software id from simple fund 360 and select next. When ron lesh wrote corporate compliance software on msdos for a postgraduate project in 1989, little did he know where it would lead him. Asf audits is a leading independent smsf auditor with a team of highly skilled and specialised smsf auditors. Bgl adds smarter smsf documents to cas 360 and simple fund. Bgl partnerships smsf software corporate compliance.
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