SuperConcepts has updated its SMSF accounting software, SuperMate, with a new ‘Transaction Centre’ to help accountants and advisers be more efficient.
The new Transaction Centre assists professionals with daily data feeds, customised automated reconciliation rules and efficient daily reconciliation using an “intelligent automation engine”.
Kurt Groeneveld, Chief Technology Officer for SuperConcepts, said the Transaction Centre would be welcomed by SMSF practitioners as it would help free up valuable time, especially with the move to more regular reporting to the ATO.
“The Transaction Centre, which is based on extensive testing by accountants, automates what was once a time consuming manual process. SuperMate users now receive daily data feeds direct from institutions with all purchases and sales matched to the cash transaction, and automatically processed,” he said.
“The daily reconciliation approach means that accountants and advisers are immediately alerted if a bank statement is out of balance rather than having to wait until the end of the month.”
“And because the feeds come directly from the source, users can rest assured that the data they receive is accurate.”