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Desktop Super

Desktop Super. APS Desktop Super. What to look for in a Super application? How to produce a Super Fund in 30 Minutes Integration with other APS applications New enhancements. What to look for in a Super Application?.

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Desktop Super

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  1. Desktop Super

  2. APS Desktop Super • What to look for in a Super application? • How to produce a Super Fund in 30 Minutes • Integration with other APS applications • New enhancements

  3. What to look for in a Super Application? • Last year we surveyed our users regarding a number of issues they look for when selecting a SMSF application • The main criteria were: - Ease of use - Price - Accuracy of calculations and data entry - Flexible Reporting - Integration with existing software - Conversion of existing data

  4. Which of these criteria CANNOT be compromised? Ease of Use Price Accuracy of calculations & data entry Flexible reporting Integration with existing software Conversion of existing data

  5. When choosing your software provider - how important are the following factors. Where 5 = the Very Important and 1 = Unimportant:

  6. Accuracy & Compliance Issues to be Considered Accuracy of Income Allocation Accuracy of Tax Calculations How well does your system handle Pensions • What is most important to your practice ?

  7. “The 30 Minute Super Fund” The “Golden Egg” is to eliminate….or minimise data entry APS is working hard with 3rd party suppliers to do this: BankLink Praemium SISS

  8. “The 30 Minute Super Fund” Direct Assets Internet Wraps Brokers SMA Internet Morningstar Corporate Actions Desktop Super Accountant Client Web Site Financial Advisor Brokers APS Tax – ELS -Desktop Only

  9. “The 30 Minute Super Fund” BankLink: Electronic transfer of cash from over 100 sources: Directly into Desktop For clients with limited share transactions Memorisation facility cuts processing time Uploaded into Praemium Clients with reasonable portfolios or ones who trade a lot

  10. “The 30 Minute Super Fund” Praemium: Electronic transfer of share trades, corporate actions & cash: Actual cash received is matched with “expected” cash Unreconciled cash coded in Praemium Corporate Actions are processed electronically CGT is optimised Reconciled result uploaded into Desktop

  11. “The 30 Minute Super Fund” SISS ( Still under development ): Data collection facility: Cash transactions from nominated accounts - including BankLink Contract notes from nominated Brokers Detailed Managed Fund data from major Fund Managers Wrap transactions from major Wrap suppliers eg Macquarie, BT, Asgard No tax optimisation or corporate action processing

  12. Integration with existing APS products

  13. Integration with APS Tax When creating the return in APS Tax Manager, we have the option to import data from Desktop Super when we are creating a Superfund return.

  14. Integration with APS Tax From the data in Desktop Super, we are able to populate this into APS Tax Manager to create the tax return

  15. Integration with APS Tax Tax Manager has now brought the data in, to populate the return. This Superfund return is now ready for lodgment.

  16. Integration with Practice Management Integration of “contact” data between both applications Under Development – 1st beta site running this month

  17. Major enhancements in 2009 Tax – Utilizing new APS .NET technology in the Tax Forms Integration with SISS Additional data feeds Tightening up integration with other core APS applications MYOB Superfund conversions

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