Fixed asset pro moneysoft calculate asset depreciation, fast. The ribbon provides complete access to all simple ledger screens and processes. Bgl is australias leading developer of smsf administration and corporate compliance software for the accounting industry, simple fund 360 and cas 360. Fixed asset depreciation software asset management software. This results in simple fund 360 providing a level of confidence on where transactions have been allocated in the ledger based on the 250 million plus transactions in the simple fund 360 database. For more information on the chart of accounts, refer to task 2. Simple fund 360, the next generation smsf administration solution, will head to closed beta in the next few weeks.
Bgl wiki can be accessed from simple fund by clicking on from help and web access help. Bgls award winning cloud solutions include simple fund 360, australias preferred cloud smsf administration software solution and cas 360, a next. The ribbon toolbar provides access to all simple ledger processes. Bgl simple fund jobs in singapore find best online bgl simple fund jobs in singapore by top employers. Fund ez software is an exceptional, highpowered, low cost product that is easy to use and maintain. Depreciation schedules are completed in csv and excel format for ease of use with accounting software. Bgl and corelogic rp data release new smsf commercial property desktop assessment. Simple fund 360 received over 100 data feeds from banks, brokers and wraps. Bgl corporate solutions, developers of simple fund and simple fund 360, have announced the release of australias first automated depreciation solution for smsfs, in partnership with corelogic rp data. Bgl releases major updates to leading cloud solutions cas. All bgl help resources, including help files, training manuals, knowledge base articles and release history are online on bgl wiki help files within simple fund can be accessed from any screen by clicking on. If you are using the bgl bank data and contract note service, you can remove the future period transactions in simple fund and migrate your fund bgl recommends completing a fund backup prior to deleting any transactions. The machinery is expected to run for 5 years at the end of which the estimated scrap value is rs 10,000.
Suite 2, 606608 hawthorn road po box 8063 brighton east. Lesson 2 setting up a new fund this section will take you step by step through the process of setting up the bgl training fund in. Once the fund is migrated, you can then rerequest the bank and contract note data directly into simple fund 360. Bgl free simple fund module training webinars you should. Bgl support smsf software corporate compliance software. In order to provide sufficient fund for the replacement of the machinery at the end of its life. Bgl releases cloud smsf app simple fund 360 the latest on. A general ledger solution with a fully integrated investment register and depreciable assets module. Corporate compliance software smsf software corporate. Bgl launches property data facility money management. Bgl releases cloud smsf app simple fund 360 the latest.
According to ron lesh, managing director of bgl, trustees will be now able to access property valuations, complete land title searches, request depreciation schedules and access a number of additional services through bgls simple fund desktop and simple fund 360 administration solutions. At the end of last century these small boxes would have contained bgls flagship products. This is a huge achievement by our simple fund 360 team says bgl managing director, ron lesh. All bgl help resources, including help files, training manuals, knowledge base articles and release history are online on bgl wiki. The schedule will flow back into simple fund and with a pdf automatically attached to the appropriate fund said bgl managing director ron lesh. Our fixed asset depreciation software has been in use by c. It said that the arrangement meant that, by utilising bgls simple fund desktop and simple fund 360 web smsf administration solutions, clients would be able to obtain property valuations, complete land title searches, request depreciation schedules and access a number of. Depreciation deductions can substantially increase an investment propertys cash flow. Auditor access to simple fund 360 can be provided by the software administrator.
The community is the best place to connect, ask a question, or help out other sf360 users. Depreciation schedule simple fund 360 knowledge centre. Tax components records the tax components of income transactions, prepares a statement of taxable income and ato tag import file. All bgl help resources, including help files, training manuals, knowledge base articles and release history are online on bgl wiki help files within simple ledger can be accessed from any screen by clicking. Bgl, maker of simple fund 360, among other software, has announced an industry first. Bgls award winning cloud solutions include simple fund 360, australias.
Smsf software simple fund 360 selfmanaged super fund. You can receive assistance from bgl using the following methods. In addition to customers on simple fund 360, there are 140,000 paid companies on the firms cas 360 platform, and 240,000 entities on the bgl cloud. Bgl simple fund data out backup step four a fund location window will appear select the folder where you want the. Bgl releases major updates to leading cloud solutions cas 360. A place to talk about bgls cloud smsf compliance solution, simple fund 360. If you dont know your bgl client centre login, please contact bgl on 0 654 401 for help. Bgl now supports an industry leading 3 registries, including computershare and.
The schedule will flow back into simple fund and with a pdf automatically attached to the appropriate fund. Bgl wiki can be accessed from simple ledger by clicking on from help and web access web access. From today, bgl clients are able to request depreciation schedules for residential and commercial property through their bgl simple fund software. How to enter depreciation simple fund 360 knowledge centre. It appears that act2 is the first actuarial certificate provider to be integrated with simple fund 360. And then there are small grey boxes with faded sticky tape labelled simple invest discs, simple fund discs and simple ledger discs. Produces one year schedule with subtotals for asset categories and totals for current depreciation for the year. Simple fund 360 is an intelligent, cloudbased smsf software for accountants to efficiently manage the administration of selfmanaged superannuation funds. Simple fund 360 is the real game changer in the smsf industry says bgl managing director ron lesh. Bgl now supports an industry leading 3 registries, including computershare and link market services. Bgls simple fund 360 released its cloud based smsf service in two editions for business and financial advisers, and with a slight drop in price. Simple fund 360 now integrates with boardroom for the source of truth verification of listed security holdings.
In bgl simple fund v11 or later, export the required chart. Fund ez nonprofit fund accounting software fundraising. I cant say enough good things about bgl simple fund 360 and cas 360 asic compliance. Fixed asset management software is designed to track the mro lifecycle and maintain depreciation values on assets such as land, buildings, motor vehicles, furniture, office equipment, computers, and other items which cannot easily be turned into cash. In addition to this, depreciation is automatically reduced against the cost base when recorded.
Download the free 30 day trial and explore depreciationworks database integrity and spreadsheetlike ease of use. Find best online bgl simple fund jobs in singapore by top employers. It said that the arrangement meant that, by utilising bgl s simple fund desktop and simple fund 360 web smsf administration solutions, clients would be able to obtain property valuations, complete land title searches, request depreciation schedules and access a number of additional services provided by rp data. With bgl delivering product enhancements every 34 weeks, it is important to. Using fixed asset depreciation software and schedules to precisely calculate taxes with a frequently upgraded program enables a company to maximize tax savings while. Bgl releases the first smsf artificial intelligence in simple. General ledger reconciliation, trial balance analysis, bank reconciliation. The ribbon has been organised in tabs that follow a fund administration process. For instructions on how to create an expenseincome account, refer to faq 17018. Australias preferred cloudbased smsf trustee administration software. The latest cas 360 and simple fund 360 releases contain a heap. Nov 04, 2015 bgl and corelogic rp data release new smsf commercial property desktop assessment. We are able to service our npos because of the power and flexibility of this software.
Mar 20, 2014 simple fund 360 received over 100 data feeds from banks, brokers and wraps. Investment property depreciation in an smsf smsf warehouse. From today, bgl clients are able to request depreciation schedules for residential and commercial property through their bgl simple fund software, bgl managing director ron lesh said. One of the smartest companies in software and its melbourne based. See who you know at simple fund 360, leverage your professional network, and. Bgl corporate solutions is australias leading developer of superannuation and corporate compliance software solutions. Clients transitioning from bgl desktop to cloud based solutions has definitely contributed to this strong growth bgl managing director, ron lesh said.
Prepare a depreciation schedule and automatically post depreciation journals. Bgl simple fund 360 online access is a cloudbased smsf accounting system. Select this option at anytime during your visit to the bgl client centre to go. Depreciation fund method of calculating depreciation. Bgl corporate solutions pty ltd accounting software. Simple ledger double entry general ledger accounting software. The teams have been hard at work over the past few weeks said bgl managing director ron lesh. Any years depreciation schedule is available on demand, therefore, any time consuming annual recalculations or year closings are eliminated. If you dont know your bgl client centre login, please contact bgl on 0 654. Help files within simple fund can be accessed from any screen by clicking on. Bgl s award winning cloud solutions include simple fund 360, australias preferred cloud smsf administration software solution and cas 360, a next generation cloud asic corporate compliance. See the list of extensive features below for further details. Is an effective tool for businesses, nonprofits, and governmental organizations having depreciation computations.
There has been much wellearned praise for our hospital workers, emergency workers, the staff at coles and woolworths, the many thousands of food. Overview in simple fund 360 you have the ability to. Preparation of superannuation set of accounts, regulatory tax returns as per superannuation industry supervision act in bgl 360 and bgl simple fund software. Bgl announces automated depreciation solution for smsfs. Bgl and corelogic rp data release new smsf commercial. Bgl client centre client centre home provides you with all the latest developments and information about bgl.
According to ron lesh, managing director of bgl, trustees will be now able to access property valuations, complete land title searches, request depreciation schedules and access a number of additional services through bgl s simple fund desktop and simple fund 360 administration solutions. The fund recognises amounts paid or payable in respect of the surcharge tax as an expense. Fund 360 is australias leading cloud based smsf administration software solution. The simple fund 360 new features include new automated merger and takeovers corporate action processing, a sophisticated new account view function, support for numerical expressions in bgls ai based smart matching, huge enhancements to the transaction list including a new copy journal function, a new depreciation schedule, support for the. Bgl releases the first smsf artificial intelligence in. Are you faced with a problem in your bgl software and have no idea how to solve it. This lesson will provide an overview of simple fund 360 and will explain how to get the most out of the software and documentation. Whilst the integration simplifies the process of obtaining property reports for the preparation. Keep your team learning by taking a look at sf360s online manual. By saving valuable time and resources, you will be able to focus on your client relationships, offer new services and ultimately become more competitive. Best bgl simple fund jobs in singapore online bgl simple. Quickly find answers to some of the most commonly asked simple fund 360 questions.
Copying a chart from bgl simple fund into banklink practice you can copy a clients chart of accounts from bgl simple fund into banklink practice so that banklink practice validates the account codes you enter. Bgl corporate solutions, maker of smsf accounting software simple fund and simple fund 360, has announced that actuarial certificates from act2 solutions are now available through the webbased simple fund 360 software. The calculations for all assets and the accumulated depreciation will help determine if adjustments to section 179 expensing, sda special depreciation allowance or depreciation methods are required before completing your 4562 tax form. Bgl, corelogic rp data automate depreciation sms magazine. Gain incredible efficiency with simple ledger, an easy to use double entry general ledger accounting system designed for accountants and small business owners. Refer to linked accounts for more information on linked accounts. These tabs simplify access to the more advanced simple ledger features and modules simple ledger explorer. Know the financial position of your business any time of the year. Property depreciation and how it can work for your smsf. Depreciation schedule 8 new improvements added, plus new ord minnett. A total of 23,402 funds were added to simple fund 360 in the september 2017 quarter, along with 42,285 companies and 168 clients on cas 360. Bgl simple fund 360 guide for accountants version 2, july 2018. The assessment will flow back into simple fund with a pdf.
Print prior years depreciation schedules at any time by just entering the year to print. 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. The migration from the desktop version to the cloud app took just a few clicks and a few minutes, said bgl in a press release. Truelancer is the best platform for freelancer and employer to work on bgl simple fund jobs in singapore. How to set up the bgl xml import in simple fund 360. Fund desktop product to bgls cloudbased simple fund 360 and the first thing. With a password, trustees can log on to their accounts from any smartphone, tablet or pc and view their smsf balance. Step two select data inout step three select fund out tab then click the export fund button step 1 step 2 step 3 page 1 of 2. The expense and any corresponding liability is brought to account in the period in which the assessments are received by the trustee and. Bgl corporate solutions, australias leading supplier of smsf administration and asic corporate compliance solutions, is proud to announce the release of stage 1 of its artificial intelligence ai assistant for simple fund 360. Simple fund 360 will automatically create a linked depreciation account 33400 when an investment is created. Told ron lesh other week that the cost is trival vs what it helps us save in time. We needed to teach the ai engine about smsf transactions through a process known as deep learning.
Your login details will also be emailed to your admin contact email. The depreciation schedule in simple fund 360 has simplified the process of processing journal entries and preparing a schedule for your depreciable assets. Palash biswas accountant and smsf auditor at holland. Simple fund desktop requirements before migration simple. You and your advisor can share information and run reports in xero to show what fixed assets are on the books and their value whenever you want. If you dont know your bgl client centre login, please contact bgl. Lesson 1 simple fund help and training resources simple fund help and training resources section provides an overview of simple fund and will explain how to get the most out of the software and documentation. Simple fund 360 is australias leading cloud based smsf administration software solution. Gain incredible efficiency with simple fund 360, an award winning, robust doubleentry general ledger, investment register and report generator specifically designed to meet the compliance needs of selfmanaged super funds smsfs.
To speed up your login, please bookmark the following link and use it in your next login. Depreciation by depreciation fund method with scrap value on 1. Bgl corporate solutions, australias leading developer of cloud smsf administration and asic corporate compliance software, is excited to announce the release of major updates to its cloud solutions cas 360 and simple fund 360. How bgl simple fund 360 online access works simple fund 360 stores all your smsf data in the cloud. Property depreciation is the process of claiming tax deductions for the natural wear and tear on the investment property and its fixtures and fittings. Fixed asset software can also aid in minimizing taxes and insurance costs by accurately calculating tax and automatically checking for tax code and regulatory compliance. Property valuations, title searches and depreciation reports may be obtained via the corelogic property hub from simple fund 360. This is a first in the smsf admin software industry. With bgl delivering product enhancements every 34 weeks, it is important to stay up to date.
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