SMSF statement of financial position
A balance sheet in the layout self-managed super funds use.
The problem it solves
SMSF clients need a fund-format statement, not a company balance sheet.
How it works
- Open the SMSF client.
- Generate the statement of financial position.
- Review it with the member allocation.
What your practice gets
- Fund-format layout.
- From the reconciled ledger.
- Fits SMSF working papers.
Watch it in the product
A short recording of smsf statement of financial position in use.
Questions accountants ask
Is it only for SMSFs?
Yes.
Does it connect to member balances?
It is used alongside the SMSF member allocation working paper.
Is there a tutorial?
Yes, see the SMSF working paper tutorial.
Related features
Features that work alongside smsf statement of financial position.
Balance sheet
A balance sheet at any date with built-in checks, and a by-tracking-category balance sheet available as a section of the financial statements.
VideoTrial balance
A trial balance for any period, to check debits equal credits before you report.
VideoGeneral ledger
Transaction-level detail for every account.
Cash at bank setting
Choose which account is cash at bank so statements classify cash correctly.
Rental property schedule
A schedule of rental property income and expenses drawn from the ledger, for the rental section of the return.
VideoOne reporting period for every report
Pick the financial year or period once and every report uses it.
VideoSee it working in your practice.
Start with one workflow and adopt more of the connected practice system over time. Your team reviews and approves the work.
14-day free trial. A payment method is required to start. Your paid subscription starts automatically when the 14 days end; cancel during the trial and you pay nothing. After the trial, a 6-month minimum term applies, then month-to-month. Commit to 12 months up front and the monthly price is 20% lower. See pricing.