Creating and Submitting Wind-up Jobs

Creating and Submitting Wind-up Jobs

Introduction

If you're working on a wind-up fund, follow these steps to create and submit wind-up jobs in SMSF Sorted.
Ensure you have added an End Date in the accounting software(Class, BGL360 & Supermate).

Adding an End Date in Class

Step 1: Log in to Class and select the Fund Name.


Step 2: In the Fund Dashboard, go to the Details tab to edit Fund Details.



Step 3: Click Edit, enter the End Date



Step 4: Once done, click on Save Changes.


Step 5: Wind up date will be added successfully and you'll receive a confirmation toast message informing you the same.


Running period Update in Class

Once the End Date is added, you must run a Period Update for all previous years to reflect changes and appropriate data:
Step 1: Click Periodic Processing and select Period Updates.


Step 2: Select and click on the Financial Year.



Step 3: Now click on the New Period.



Step 4: Now click on Process.



Step 5: Once processed, the Period Update will be published.


Adding End Date for a fund in BGL360

Step 1: To add End Date in the BGL 360, login click on the Fund Name.



Step 2: You'll now reach to Fund Dashboard. Click on the Edit button.



Step 3: Scroll down and enter the Wind Up Date and click Save Changes button.


Running period compliance in BGL 360

After updating the End Date, run Period Compliance for all previous years:
Step 1: Click Compliance and select Period Compliance.



Step 2: Set the Start Date and End Date, then click Create Entries.



Step 3: Once processed, the Period Compliance will be updated.


Creating Wind Up Job in SMSF Sorted

  1. Once the End Date is added in the accounting software, Reimport the clients into SMSF Sorted to reflect the changes.
  2. While Creating the job, the wind-up year will be automatically selected and the Job Type will be displayed as Wind-Up along with the year after successful job creation.


    • Related Articles

    • How to Create Bulk Jobs

      Introduction The Bulk Jobs feature streamlines the process of creating jobs for multiple clients within a financial year. This allows you to select up to 50 clients simultaneously and generate jobs for them with just a few clicks. One of the notable ...

    • Submitting Wind-up Job to the Auditor

      Introduction If you're using SMSF Sorted Lite and need to submit a wind-up job to the auditor, follow the steps mentioned below: Submitting Wind-up Job to the Auditor Step 1: Add the End Date in Class. Log in to Class. Go to Fund > Details > Edit. ...

    • How to create a wind-up job for the year?

      How to create a wind-up job for the year? Please follow the below steps: 1. Enter the Windup date in Class/BGL360 (Skip to 2nd step if already entered). a) Class - Dashboard > Fund > Fund Details > Edit > End Date > Save b) BGL 360 - Dashboard > Fund ...

    • Column selection in Maintain Jobs & Maintain Clients

      Overview This article will explain how to limit the columns displayed in Maintain Jobs & Maintain Clients Column Selection Next to Search box on both Maintain Jobs and Maintain clients, there is a Column Filter icon available. Clicking on this icon ...

    • Understanding the Statuses in My Jobs dashboard for SMSF Sorted

      Overview There are a number of job statuses in SMSF Sorted. This article will explain these and how they interact with your firm's workflow Status Options When a user first logs into SMSF Sorted, they will see a list of jobs in progress, and a series ...