BGL Corporate Solutions has released its Bank Data service for SMSFs, the administrative software provider announced yesterday.
BGL’s Bank Data can be loaded into the Simple Fund desktop software and Simple Fund 360, which BGL describes as “the next generation web SMSF solution.”
“Over the past 12 months we have released bank data, contract note data, now supporting over 70 brokers, and registry data. With these three services, BGL completes the SMSF dream by providing first-class automation for our clients,” said Ron Lesh, BGL’s managing director.
The Bank Data service uses BGL’s SmartPost technology to automatically allocate amounts to ledger accounts. It currently supports ANZ, BankWest, Bank of Melbourne, Bank of South Australia, Commonwealth Bank, Macquarie Bank, National Australia Bank, St George and Westpac.
In the coming months, BGL stated Adelaide and Bendigo Bank, Bank of Queensland and a number of other banks will be added to the service.
“The most arduous part of obtaining bank data is the authority process... we have established a transition team to prepare authority forms for clients,” Lesh said.
The Bank Data service is available now for all BGL clients.
SUBSCRIBE TO THE SMSF ADVISER BULLETIN
- 22 Sep 2017ASIC permanently bans SMSF property spruikerBy Miranda Brownlee
- 22 Sep 2017Male SMSF investors ‘bigger risk takers’, says reportBy Staff Reporter
- 22 Sep 2017Lawyer flags subdivision trap with downsizer contributionsBy Miranda Brownlee
- 22 Sep 2017ATO urged to address ‘unknowns’ with LRBA reportingBy Miranda Brownlee
- 21 Sep 2017Lost and unclaimed super climbs to $18 billionBy Lara Bullock
- 21 Sep 2017ATO to release further guidance on reservesBy Miranda Brownlee
- view all
- Male SMSF investors ‘bigger risk takers’, says report
Male SMSF members tend to hold a greater share of assets in higher risk investments including domestic shares and property in comparison to ...read more
- Lawyer flags subdivision trap with downsizer contributions
SMSF trustees planning to make downsizer contributions have been warned that if a property has been subject to a partial sale in the 10 yea...read more
- ATO urged to address ‘unknowns’ with LRBA reporting
The ATO has been asked to provide further clarity around the events based reporting requirements for LRBA repayments, with the new requireme...read more
- view all