SMSF Sorted Release v3.1.4

SMSF Sorted Release v3.1.4

The latest SMSF Sorted release v3.1.4 includes below points:

1. EOFY Updates:
  1. 50% reduction in the minimum pension drawdowns extended to FY 2023 and hence pension workpapers in SMSF Sorted have been updated to consider this effect.
  2. Option to create FY 2023 jobs has now been added.
create-wind-up-job

Notes
Note: Below EOFY updates were already incorporated in SMSF Sorted last year; which are relevant for FY 2022 onward jobs:
1. Inclusion of members up to 6 members in a super fund.
2. Updated age as 67 in the work test observation where a member is making contributions to a super fund and is required to satisfy the work test.
3. TBAR workpapers updated to include the effect of indexation.
4. 50% reduction in the minimum pension drawdowns for FY 2022.

2. Notes to the Financial Statements report has been added under the Additional Financial Reports section. This report would also be available for the auditor on submitting the job to the auditor.
3. An option to open and view the Sorted Workpaper File in a web browser has been added. Please click here to refer the detailed steps.

To learn more about the process , explore best practices, and make the most of our features, please visit our Knowledge Base. You can also check our FAQ section for answers to common questions, or contact our Support team if you need any assistance.

    • Related Articles

    • SMSF Sorted release 3.0

      Release Contents This latest release of SMSF Sorted delivers several new features including the ability to receive Audit Engagement & Trustee Representation letter templates from audit firms using our Cloudoffis Auditomation product, along with new ...

    • SMSF Sorted Release 2.5

      Release Contents New in SMSF Sorted 2.5 We have introduced an exciting new financial workpapers feature to SMSF Sorted. As part of this initial release, workpapers will be available for Property, GST reconciliation, and Tax reconciliation These will ...

    • SMSF Sorted 2020 Release Summary

      SMSF Sorted 2020 Release Summary As it was with Auditomation all of those years ago, following the initial release most release updates contain more tweaks/fixes than substantial enhancements. With this said, below is a summary of our initial ...

    • SMSF Sorted Release 2.1

      Release Contents Multi-Factor Authentication has been added to SMSF Sorted logins. This will require users to confirm their identity when logging in using a third-party application, such as Google Authenticator. Click here for more details in our ...

    • SMSF Sorted Release v3.1.2

      SMSF Sorted v3.1.2 release 1. Release of Referenced Audit Workpaper Files in Audit Basic Portal with Improved Look and Feel: Auditors using Audit Basic portal and are connected with SMSF Sorted accountants, will now have an option to download the ...