Audit Report - SMSF

 

A generic audit report which satisfies regulatory requirements applicable to Self Managed Superannuation Funds. Runs for a selected Financial Year.

1. Select the desired Output Format using the radio button
2. Last Period Update End Date Pre-filled text which shows when the last period update was run
3. Period select the period covered for this report
4. Report Name ~ Limited Liability editing these sections will override the report defaults. To revert back to the defaults, click the Clear button.
5. Report Header selecting 'Yes' will turn on the report header logo
6. Drafter Watermake selecting 'Yes' will turn on a draft watermark on each page.
7. Page Header / Number option to either display both a page footer with date and time stamp, page numbers only or leave blank

Bank Account Movement Report

 

Shows all net movements, including withdrawals and deposits, from all of the fund bank accounts. Runs for a specified Start and End date.

1. Select the desired Output Format using the radio button
2. Last Period Update End Date Shows when the last period update was run
3. Select the desired report Start Date and report End Date
4. Separate Page Per Account selecting 'Yes' means a new page will be created for each different bank account
5. Report Header selecting 'Yes' will turn on the report header logo
6. Draft Water Mark selecting 'Yes' will turn on a draft watermark on each page
7. Dollar Sign selecting 'Yes' will display a '$' in the report
8. Negative Amount option to display negative amounts with brackets or a minus sign
9. Page Footer / Number option to either display both a page footer with date and time stamp, page numbers only or leave blank

Cash Reconciliation

 

Provides a reconciliation for all cash accounts listing all withdrawals and deposits for the period that the report has been run.

1. Select the desired Output Format using the radio button
2. Last Period Update End Date shows when the last period update was run
3. Select the desired report Start Date and report End Date
4. Report Header selecting 'Yes' will turn on the report header logo
5. Draft Watermark selecting 'Yes' will turn on a draft watermark on each page
6. Dollar Sign selecting 'Yes' will display a '$' in the report
7. Negative Amount option to display negative amounts with brackets or a minus sign
8. Page Footer / Number option to either display both a page footer with date and time stamp, page numbers only or leave blank

Depreciation Worksheet

 

Produces a list of all fixed assets by property for the fund. Runs for a specified financial year.

1. Select the desired Output Format using the radio button
2. Last Period Update End Date pre-filled text which shows when the last period update was run
3. Financial Year select the period covered for this report
4. Report Header selecting 'Yes' will turn on the report header logo
5. Draft Watermark selecting 'Yes' will turn on a draft watermark on each page
6. Dollar Sign selecting 'Yes' will display a '$' in the report
7. Rounding selecting 'Yes' will display rounding
8. Negative Amount option to display negative amounts with brackets or a minus sign
9. Page Footer / Number option to either display both a page footer with date and time stamp, page numbers only or leave blank

Detailed Investment Transactions Report

 

Provides details of all Investment transactions that occurred within a period of time. Runs for a specified Start and End date.

1. Select the desired Output Format using the radio button
2. Last Period Update End Date shows when the last period update was run
3. Select the desired report Start Date and report End Date
4. Separate Page Per Account selecting 'Yes' means a new page will be created for each investment account
5. Report Header selecting 'Yes' will turn on the report header logo
6. Draft Watermark Selecting 'Yes' will turn on a draft watermark on each page
7. Dollar Sign selecting 'Yes' will display a '$' in the report
8. Negative Amount option to display negative amounts with brackets or a minus sign
9. Page Footer / Number option to either display both a page footer with date and time stamp, page numbers only or leave blank
10. Include Asset Codes shows the asset codes on the report, the default is yes

Foreign Asset Worksheet

 

Lists all buys and sells for foreign assets within a given date range and the market values of those holdings at the end of the date range.

1. Select the desired Output Format using the radio button
2. Last Period Update End Date shows when the last period update was run
3. Select the desired report Start Date and report End Date
4. Report Header selecting 'Yes' will turn on the report header logo
5. Rounding selecting 'Yes' will display rounding
6. Draft Watermark selecting 'Yes' will turn on a draft watermark on each page
7. Dollar Sign selecting 'Yes' will display a '$' in the report
8. Negative Amount option to display negative amounts with brackets or a minus sign
9. Page Footer / Number option to either display both a page footer with date and time stamp, page numbers only or leave blank
10. Group By The report can be grouped by Market Type, Asset Pool, General Ledger or Holding Reference.
11. Include Asset Codes allows you to add the asset codes (security codes) to the report

Foreign Bank Account Movements Report

 

List all cash movements for foreign currency bank accounts with the exchange rates used at the time of the transaction.

1. Select the desired Output Format using the radio button
2. Last Period Update End Date shows when the last period update was run
3. Select the desired report Start Date and report End Date
4. Report Header selecting 'Yes' will turn on the report header logo
5. Draft Watermark selecting 'Yes' will turn on a draft watermark on each page
6. Dollar Sign selecting 'Yes' will display a '$' in the report
7. Negative Amount option to display negative amounts with brackets or a minus sign
8. Page Footer / Number option to either display both a page footer with date and time stamp, page numbers only or leave blank

Foreign Cash Reconciliation

 

List all cash movements for foreign currency bank accounts and the events they were matched to.

1. Select the desired Output Format using the radio button
2. Last Period Update End Date shows when the last period update was run
3. Select the desired report Start Date and report End Date
4. Report Header selecting 'Yes' will turn on the report header logo
5. Draft Watermark selecting 'Yes' will turn on a draft watermark on each page
6. Dollar Sign selecting 'Yes' will display a '$' in the report
7. Negative Amount option to display negative amounts with brackets or a minus sign
8. Page Footer / Header option to either display both a page footer with date and time stamp, page numbers only or leave blank

Foreign Income and Expenses Worksheet

 

Lists all income for foreign assets for a given date range. Includes exchange rate values to Australian dollars as used at the time of the income.

1. Select the desired Output Format using the radio button
2. Last Period Update End Date shows when the last period update was run
3. Select the desired report Start Date and report End Date
4. Report Header selecting 'Yes' will turn on the report header logo
5. Rounding selecting 'Yes' will display rounding
6. Draft Watermark selecting 'Yes' will turn on a draft watermark on each page
7. Dollar Sign selecting 'Yes' will display a '$' in the report
8. Negative Amounts option to display negative amounts with brackets or a minus sign
9. Page Footer / Number option to either display both a page footer with date and time stamp, page numbers only or leave blank
10. Group By the report can be grouped by Market Type, Asset Pool, General Ledger or Holding Reference.

Foreign Tax Election

 

The Foreign Cash Tax Election report contains an Adjusted Cost Base calculation where the following conditions have been satisfied:

• the relevant ‘parcel’ of foreign cash is open when a Period Update is run, and
• the foreign exchange taxation treatment has changed from either $250,000 Balance Election or Retranslation Method to FIFO

This process is required as changing the foreign exchange taxation treatment ‘resets’ the cost base of each ‘parcel’ of foreign cash.

1. Select the desired Output Format using the radio button
2. Last Period Update End Date shows when the last period update was run
3. Select the desired report Start Date and report End Date
4. Report Header selecting 'Yes' will turn on the report header logo
5. Rounding selecting 'Yes' will display rounding
6. Draft Watermark selecting 'Yes' will turn on a draft watermark on each page
7. Dollar Sign selecting 'Yes' will display a '$' in the report
8. Negative Amounts option to display negative amounts with brackets or a minus sign
9. Page Footer / Number option to either display both a page footer with date and time stamp, page numbers only or leave blank

General Ledger Account Movement Report

 

Shows all of the movements on the general ledger accounts of a fund over a period of time. Runs for a specified Start and End date.

1. Select the desired Output Format using the radio button
2. Last Period Update End Date shows when the last period update was run
3. Select the desired report Start Date and report End Date
4. Separate Page Per Account selecting 'Yes' means a new page will be created for each investment account
5. Report Header selecting 'Yes' will turn on the report header logo
6. Drat Watermark selecting 'Yes' will turn on a draft watermark on each page
7. Dollar Sign selecting 'Yes' will display a '$' in the report
8. Page Footer / Number option to either display both a page footer with date and time stamp, page numbers only or leave blank

General Ledger Audit Trail Report

 

Provides a listing of every transaction that was entered or modified for the fund showing the user ID, date and time of entry/modification. Runs for a specified Start and End date.

1. Select the desired Output Format using the radio button
2. Last Period Update End Date shows when the last period update was run
3. Select the desired report Start Date and report End Date
4. Include Deleted Transactions selecting 'Yes' means deleted transactions can be included in the report to see if any processing has been deleted.
5. Report Header selecting 'Yes' will turn on the report header logo
6. Draft Watermark selecting 'Yes' will turn on a draft watermark on each page
7. Dollar Sign selecting 'Yes' will display a '$' in the report
8. Rounding selecting 'Yes' will display rounding
9. Negative Amounts option to display negative amounts with brackets or a minus sign
10. Page Footer / Number Option to either display both a page footer with date and time stamp, page numbers only or leave blank

Investment Income Comparison Report

 

This report compares the income events processed in a fund to the expected income amount based on holding balances and announcement data. This report also displays the application of the 45-day rule for any investments where the franking credits maybe denied due to the failure of holding period rule.

1. Select the desired Output Format using the radio button
2. Last Period Update End Date shows when the last period update was run
3. Select the desired report Start Date and report End Date
4. Report Header selecting 'Yes' will turn on the report header logo
5. Draft Watermark selecting 'Yes' will turn on a draft watermark on each page
6. Dollar Sign selecting 'Yes' will display a '$' in the report
7. Rounding selecting 'Yes' will display rounding
8. Negative Amount option to display negative amounts with brackets or a minus sign
9. Page Footer / Number option to either display both a page footer with date and time stamp, page numbers only or leave blank
10. Include Asset Codes allows you to add the asset codes (security codes) to the report

 

Market Price Audit Report

 

This report provides details of Holding Accounts where the price of the holding has been amended, at either a fund or business level.

1. Select the desired Output Format using the radio button
2. Last Period Update End Date shows when the last period update was run
3. As at Date the date that the report is required for e.g. 30/06/2019
4. Report Header selecting 'Yes' will turn on the report header logo
5. Draft Watermark selecting 'Yes' will turn on a draft watermark on each page
6. Dollar Sign selecting 'Yes' will display a '$' in the report
7. Rounding selecting 'Yes' will display rounding
8. Negative Amount option to display negative amounts with brackets or a minus sign
9. Option to either display both a page footer with date and time stamp, page numbers only or leave blank
10. Group By the report can be grouped by Market Type, Asset Pool, General Ledger or Holding Reference.
11. Include Asset Codes allows you to add the asset codes (security codes) to the report

 

Notes to the Financial Statements

 

Notes to the financial statements is additional information added to the end of the financial statements, which helps to explain certain accounting policies adopted in the financial statements as well as provide a more comprehensive assessment of a SMSF's financial condition for a specified period.

1. Select the desired Output Format using the radio button
2. Last Period Update Date shows when the last period update was run
3. As at Date the date that the report is required for e.g. 30/06/2019
4. Date of Authorisation for Issue is the date on which the financial reports are authorised for issue
5. Note #1 discloses the Statement of Significant Accounting Policies
6. Subsequent Events this note is to record any subsequent events.
7. Show Comparatives shows prior year comparatives. The default is 'Yes'.
8. Liability Note this note discloses liability for accrued benefits
9. Vested Note this note discloses vested benefits
10. Guaranteed Note this note discloses guarantee details
11. Funding Note this note discloses funding arrangement
12. Unallocated Contribution Note this note will appear if the fund uses contribution reserving strategy
13. Report Header turns on the report header logo
14. Draft Watermark if draft report you can enable draft watermark on each page
15. Dollar Sign $ available to be turned off
16. Rounding available
17. Negative Amount brackets or negative sign available for negative amounts
18. Footheader default reads This report should be read in conjunction with the accompanying compilation report.
19. Page Footer / Number option to either display both a page footer with date and time stamp, page numbers only or leave blank

The Note 1 - Statement of Significant Accounting Policies template will facilitate users to edit and modify the standard Note 1

Operating Statement (Profit and Loss) Report

 

Shows the fund's earnings and expenses for a period. Runs for period, selected quarter, or full year of a specified Financial Year.

1. Select the desired Output Format using the radio button
2. Last Period Update End Date shows when the last period update was run
3. Select the desired report Start Date and report End Date
4. Show Comparatives  shows prior year comparatives available if required
5. The Start Date and End Date of the comparison period which the report is run
6. Show Note Number can be shown or not shown
7. Summart the report can be printed in a summarised version or in full
8. Report Header selecting 'Yes' will turn on the report header logo
9. Draft Watermark selecting 'Yes' will turn on a draft watermark on each page
10. Dollar Sign selecting 'Yes' will display a '$' in the report
11. Rounding selecting 'Yes' will display rounding
12. Negative Amounts option to display negative amounts with brackets or a minus sign
13. Foot Note a customised foot note can be added
14. Page Footer / Number option to either display both a page footer with date and time stamp, page numbers only or leave blank

PAYG Payment Summary - Income Stream

 

Provides the details for completing an end of year PAYG Payment Summary - Superannuation Income Stream. 

1. Select the desired Output Format using the radio button
2. Last Period Update pre-filled text which shows when the last period update was run
3. Financial Year select the period covered for this report
4. Report Header selecting 'Yes' will turn on the report header logo
5. Draft Watermark selecting 'Yes' will turn on a draft watermark on each page
6. Page Footer / Number option to either display both a page footer with date and time stamp, page numbers only or leave blank
7. Is Amended Summary prints This is an AMENDED payment summary across the statement if Yes is selected.
8. Print Date is date to print in the Declaration area of the statement

Realised Capital Gains Report

 

Produces a summary of all realised capital gains/(losses) for the fund. Runs for a specified Start and End date.

1. Select the desired Output Format using the radio button
2. Last Period Update End Date shows when the last period update was run
3. Select the desired report Start Date and report End Date
4. Include Matched Parcels if Yes is selected the parcels will show separately for each security
5. Summary report can be summarised into one line for each security
6. Report Header selecting 'Yes' will turn on the report header logo
7. Draft Watermark selecting 'Yes' will turn on a draft watermark on each page
8. Dollar Sign selecting 'Yes' will display a '$' in the report
9. Rounding selecting 'Yes' will display rounding
10. Negative Amounts option to display negative amounts with brackets or a minus sign
11. Page Footer / Number option to either display both a page footer with date and time stamp, page numbers only or leave blank
12. Group By allows the report to be grouped by Market Type, Asset Pool, General Ledger or Holding Reference.
13. Include Asset Codes allows you to add the asset codes (security codes) to the report

Statement of Financial Position

 

A condensed statement that shows the financial position of the superannuation fund. Runs for a specified period. Running this report for a date that is not an opening position or period update date will result in inconsistencies due to any earnings since the last balance point.  If you need the balances for a specified date you should first run a Period Update for that particular date.

1. Select the desired Output Format using the radio button
2. Last Period Update End Date shows when the last period update was run
3. As at Date the date that the report is required for e.g. 30/06/2019
4. Show Comparatives the prior year comparatives available if required
5. Comparison Date enter the comparison date
6. Show Note Numbers note numbers can be shown or not shown
7. Include Member accounts option can be included or not
8. Summary the report can be printed in a summarised version or in full
9. Report Header turns on the report header logo
10. Draft Watermark if draft report you can enable draft watermark on each page
11. Dollar Sign $ available to be turned off
12. Rounding available
13. Negative Amounts allows you to select brackets or negative sign available for negative amounts
14. Foot Note a customised footnote can be added. Default reads This report should be read in conjunction with the accompanying compilation report
15. Page Footer / Number option to either display both a page footer with the date and time stamp, page numbers only or leave blank

Show Current / Non-Current parameter ( shown only for Class Trust),  allows the current/non-current classification  to be enabled or disabled 

Tax Accounting Reconciliation

 

Generates a reconciliation of the fund's income tax. Runs for a specified Financial Year

This report includes:

• Provision for Income Tax to Income Tax Expense
• Provision for Income Tax to Income Tax Payable
• Operating Statement Profit to Provision for Income Tax

Where Actuarial Exempt Percentages have been added to a fund's policies, then details will be listed under Exempt Current Pension Income Settings.

1. Select the desired Output Format using the radio button
2. Last Period Update End Date pre-filled text which shows when the last period update was run
3. Period select the period covered for this report
4. Report Header selecting 'Yes' will turn on the report header logo
5. Draft Watermark selecting 'Yes' will turn on a draft watermark on each page
6. Dollar Sign selecting 'Yes' will display a '$' in the report
7. Rounding selecting 'Yes' will display rounding
8. Negative Amounts option to display negative amounts with brackets or a minus sign
9. Page Footer / Number a page footer with date and time stamp can be added or just page numbers

Trial Balance

 

The trial balance lists all accounts on the statement of financial position and operating statement as one combined report. The purpose of the report is to show the total debits and credits for each account and to check other related matters. Runs 'as at' a specified Date.

1. Select the desired Output Format using the radio button
2. Last Period Update End Date shows when the last period update was run
3. Report Header the date that the report is required for e.g. 30/06/2019
4. Summary can print either a detailed report or a summary report
5. Report Header selecting 'Yes' will turn on the report header logo
6. Draft Watermark selecting 'Yes' will turn on a draft watermark on each page
7. Dollar Sign selecting 'Yes' will display a '$' in the report
8. Page Footer /Number a page footer with date and time stamp can be added or just page numbers
9. Report Orientation select whether you want the report in Landscape or Portrait

Unrealised Capital Gains Report

 

This report allows users to view the details of unrealised capital gains. Runs 'as at' a specified Date.

The report will have two cost base fields:

• Original Cost: this is the book cost and includes any first element adjustments; e.g. capital return, and capital call.
• Calculated Cost Base Amount (for tax purposes): this will be either adjusted cost base (original cost base minus tax deferred adjustments) where the asset is in a capital gain position; or reduced cost base (adjusted cost base minus any tax free adjustments) where the asset is in a capital loss position.

1. Select the desired Output Format using the radio button
2. Last Period Update End Date shows when the last period update was run
3. As at Date the date that the report is required for e.g. 30/06/2019
4. Summary can print either a detailed report or a summary report
5. Report Header selecting 'Yes' will turn on the report header logo
6. Draft Watermark selecting 'Yes' will turn on a draft watermark on each page
7. Dollar Sign selecting 'Yes' will display a '$' in the report
8. Rounding selecting 'Yes' will display rounding
9. Negative Amount option to display negative amounts with brackets or a minus sign
10. Page Number / Number option to either display both a page footer with date and time stamp, page numbers only or leave blank
11. Include Asset Codes allows you to add the asset codes (security codes) to the report