SuperMate releases software update with new features
SMSF software provider SuperConcepts has released a new update for SuperMate Classic with new features to support cryptocurrency and the change to exempt current pension income.
SuperConcepts chief technology officer Andy Forbes said SuperMate Classic version 4.71 introduces a range of improvements aimed at reducing processing times and providing an overall better user experience.
Enhancements have been made to further support cryptocurrency involving simplified processing and an increase in decimal places, said Mr Forbes.
“During a recent webinar we hosted, 60 per cent of attendees reported that they had SMSF clients investing in cryptocurrency,” he said.
The update includes changes to exempt current pension income (ECPI) functionality and an additional letter template has been added for a trustee resolution.
Improvements have also been made to depreciation, including new additions to the depreciation schedule report and linking depreciating assets to properties.
Users will also enjoy updates to the Business Activity Statement (BAS) screens as calculations, report labelling, and preferences have been updated to provide a better user experience.
“We’re heavily focused on redefining SMSF software with our next generation of SuperMate, however we are continuing to develop and improve both platforms — the new SuperMate and SuperMate Classic,” said Mr Forbes.
Miranda Brownlee
Miranda Brownlee is the deputy editor of SMSF Adviser, which is the leading source of news, strategy and educational content for professionals working in the SMSF sector.
Since joining the team in 2014, Miranda has been responsible for breaking some of the biggest superannuation stories in Australia, and has reported extensively on technical strategy and legislative updates.
Miranda also has broad business and financial services reporting experience, having written for titles including Investor Daily, ifa and Accountants Daily.
