Welcome to September 2025 FAQ. 

This edition dives into essential best practices, unveils the latest updates on tax-statement processing, and spotlights corporate actions to supercharge your learning journey. Packed with practical insights, it’s designed to help you navigate Class with confidence. Let’s get started!

Processing fund

Whether you’re setting up a brand new fund or managing an existing one, following a structured approach can help ensure smooth and efficient processing.
Here’s a best-practice workflow to guide you through the entire process—from loading the fund to lodging the tax return. Each step includes a helpful article link for easy reference and support.

1. New Fund setup/Transitions
2. Setup Bank and Broker data feeds
3. Load all Cash Transactions
4. Processing Buys & Sells
5. Processing Corporate Actions
6. Generate Income
7. Automatch & Manual Matching
8. Transaction Rules
9. Processing Ad-hoc Transactions
10. Review Exception Report
11. Revalue Unlisted Investments
12. Year-End Processing
13. Close Financial Year

In addition to the above, implementing a few internal policies and procedures will help ensure accurate setup, thorough review, and effective reconciliation, leading to efficiency and consistency in SMSF processing within your practice. You can refer to SMSF Best Practice Checklist for detailed list.

Tax Statements Processing

Class has commenced the weekly rollout of automated tax statement templates for the 2025 Financial Year. You can track the release status and schedule for ASX Listed Securities, Managed Funds, and MFunds tax statement templates that will be supported by Class for 2025FY.

Please note that the listed release dates reflect the expected timing from the investment providers. Since Class does not receive these statements automatically, our team undertakes a rigorous validation process to ensure data accuracy before making them available on the platform. As a result, there may be a delay between the provider’s release date and when the statement appears in the Tax Statement Console.

To expedite the process of tax statement automation, we strongly encourage you send tax statement template requests to support@class.com.au and provide us with annual tax statements for the fund you are processing. For more details, please refer to the 'Prerequisites' and 'Tax Statement Template Request Details' sections in the article Tax Statement Template Request.

When it comes to processing tax statements, you can use any of the following approaches:

•  Automated (Highly Recommended!) - This method involves generating tax statements in the Tax Statement Console.  Our latest  release enhancement will now enables you to retrieve tax statement automation even if your investments are linked to wrap/platforms feeds.  For a comprehensive guide, please refer to our Help Centre article, accessible through the provided link.
• OCR (Optical Character Recognition) -Utilize OCR by uploading and extracting data from a file directly within the Tax Statement Console.
• Wrap/Platform feed - some data feed providers that support tax statements as part of their data feeds. This data will seamlessly flow as part of the business event under automated feeds.
• Manually entered -When none of the aforementioned options are available, manual entry can be employed to process tax statements.