How some Accountants are gaining an advantage with the SMSF Check-Up Report

Leading edge digital technology does weeks of manual analysis in minutes.

The old saying, ‘Time is Money,” is particularly true for Accountants. Increased compliance and regulation means accountants are more time-poor than ever. This leaves little room for growing their practice or finding ways to provide more value to clients.

This is the problem digital technology is helping us solve.

accountantsGPS introduces the SMSF Check-Up Report, an exclusive new tool for accountants who use BGL’s Simple Fund 360 that improves compliance, financial outcomes and firm revenue

An Australian-first, accountantsGPS integrates with BGL’s API, extracting data from BGL’s Simple Fund 360 SMSF administration software.

Pre-loaded answers and a best-in-class algorithm enable accountants to create a fully tailored strategic analysis for any SMSF in under 5 minutes.

This factual report helps accountants get behind the numbers and understand a fund’s financial health. It also provides easy-to-understand, actionable insights to maximise a client’s potential to create wealth.

What's included in the SMSF Check-up Report?

Investment strategy review between the fund’s investment strategy and actual asset allocation.
Performance review to benchmark the fund returns against other similar funds and non-SMSFs.
Cost to manage your fund in comparison to similar SMSFs and non-SMSFs.
Estate planning overview to support client discussions.
Member contributions overview, including capacity, catch-up, forecasting, and potential strategies.
Retirement planning and projections for each member.
Property review covering an analysis of funds property investments for rental yield and growth.
Documentation review of key documents, including binding death nominations and trust structures.

Less effort, less risk, more value: leveraging the advantages of Digital technology

Time-poor accountants are using the report to change the game. As a Principal from a large accounting firm in Victoria recently shared, “It enables our practice to better support, engage, and assist our large SMSF and member client base. And because it only uses factual information, there are no concerns around overstepping into advice.”

Plugged directly into BGL’s Simple Fund 360 SMSF administration platform, accountants can easily access an SMSF Check-Up Report for any of their SMSFs to stimulate strategic conversation, guidance and action with clients.

The reports also act as a quality and compliance tool for both accountants and auditors, and with an RRP of up to $500 per report, the tool is cost-neutral.

Learn more about the benefits of the SMSF Check-Up Report at accountantsGPS.

Accountants who use BGL’s Simple Fund 360 can subscribe to the SMSF Select plan from just $255 per month per office with the first month FREE.

Have questionS?

Join CEO & Co-Founder of moneyGPS & accountantsGPS, George Haramis and Head of Product, Aaron Williamson, for a 30-minute webinar on Tuesday 14 November 2023 or Thursday 23 November 2023. Reserve your spot now.

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accountantsGPS and moneyGPS SaaS products provide affordable, compliant digital advice and SMSF services, to Australians through; Institutions, Accountants, Financial Advisers, Superfunds and Employers.

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Fiduciary is an Australian Fintech and owner of accountantsGPS and moneyGPS—SaaS products that provide affordable, compliant digital advice and SMSF services, to Australians through; Institutions, Accountants, Financial Advisers, Superfunds and Employers.

Designed by finance industry stalwarts George Haramis and Drew Fenton and created by a team of tech heads, it combines all the brilliant parts of the financial services world in a simplified, user-friendly way.

accountantsGPS integrates with BGL’s API extracting data from BGL’s Simple Fund 360 SMSF administration software to produce a digital SMSF Check-Up report.

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