BGL launches SMSF auditors panel

BGL Corporate Solutions, Australia’s supplier of SMSF administration and ASIC company compliance solutions, has launched the BGL SMSF Auditors Panel.

The BGL SMSF Auditors Panel will feature BGL client firms and specialist SMSF auditors who either use the BGL API to access Simple Fund 360 data or who log into Simple Fund 360 to complete audits. The BGL Auditors Panel can be found on the BGL website or through links within Simple Fund 360.

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“We often get requests for recommendations of SMSF auditors who are integrated with Simple Fund 360. So, we have decided to relaunch and rebrand our Auditors List as the BGL SMSF Auditors Panel,” BGL managing director Ron Lesh said. “We invite all our clients who perform SMSF audits to join!

“Most importantly, being listed and accessing the list is free! That’s right, BGL is providing this list free for auditors to list and free for clients to access.”

Over the next few weeks, BGL said its clients will also see enhanced functionality for the “Send to Audit” function in Simple Fund 360. This, too, will be available for free to all firms listed on the BGL Auditors Panel.

This comes as the BGL team had also recently released the last tax update for Simple Fund Desktop. While no date for the end of Simple Fund Desktop software support has been set, BGL said this signals the upcoming end of product life for Simple Fund Desktop.

“It’s the end of an era at BGL,” Mr Lesh said.

“Simple Fund Desktop was the market-leading product for its time and even today has some sensational features many years ahead of their time.”

Launched in 1997, Simple Fund Desktop changed the game when it came to SMSF administration, offering an alternative to completing calculations in Excel and very manual and cumbersome processing and report generation through general ledger software.

However, with a number of significant changes to superannuation law in 2021, BGL made the difficult decision not to implement these changes in Simple Fund Desktop, instead focusing its resources and development on its award-winning cloud solution, Simple Fund 360.