Service

• Peace of mind knowing that your reporting and documentation will comply with the ever-changing statutory requirements
• Paperless working, on-line transaction processing for over 90% of all transactions, with electronic contract notes.
• A dramatic reduction in operating and processing costs.
• Complete portfolio management for day-to-day management and operation of your Fund.
• As online service, no hardware or software upgrades
• All members/trustees may have secure online access, this is essential to ensure all members know what is happening to their funds, anywhere anytime.
• Provide secure online access to advisors, accountants or auditors, no more file transfers or having no access to your fund information.
• Single yearly service fee.
• Process BAS/IAS, including GST, and Yearly PAYG tax instalments.
• You own and control your Fund data; change advisors, accountants, auditors without lost of access to your information.
• Web Super Fund service saves you time and money, while giving you control of your fund.

Standard Accounting

• Uniquely, Web Super Fund is built upon our proven Web Ledger enterprise accounting engine, with standardised chart-of-accounts; allowing normal Profit and Loss reports to provide full fund details, rather than typical proprietary processes of existing software products. This  removes the need for auditors and accountants to learn special Superfund processes. Any qualified accountant can use Web Superfund.

Compliance

• Fund Members' Statement
• Fully integrated Investment Strategy, with real-time compliance reporting.
• Includes Sample Investment Strategy.
• Includes Sample Minutes.
• Integrated Document filing (broker or chess certificates , dividends, distributions, etc) linked to each transaction for ease of use and online auditing.
• Full set of financial statements including Balance Sheet, Income Statement, Members Information Statement, Auditors report, Trustees' Statement, and Annual Trustee meeting minutes or resolutions to latest AASB standards.

Trustee Pre-requisites to use this service?
You must meet the requirements of a SMSF trustee.
Hence it is assumed, as a trustee, you have an understanding of Self Managed Superannuation Fund (SMSF) compliance issues, pension taxation issues, relevant SIS regulations, the relevant social security requirements, and understand your Trust Deed requirements, or that you will seek professional advise on these matters.

Your Fund must have an ABN, and you will need to have an approved Auditor for your fund.

The objective of our Service manuals, tutorials, integrated support, or guides is to complement your existing knowledge, or professional advise with specific application to maintaining your fund using VillageMall's Web Superfund Service.

For your convenience links are provided within Web Superfund to the ATO SMSF resources; if you have any questions regarding these resources you must contact the ATO help line, Villagemall does not provide support for ATO resources.

VillageMall emphasise the importance of seeking professional advice in relation to the compliance and legislative aspects of SMSF establishment and ongoing operation. Villagemall does not provide any professional advise on the operation of your SMSF, and no such professional advise is included with your Service.

As with all Villagemall Services, You need to be proficient in the use of Web Based Services, and meet our minimum connection and computer requirements.

Assistance with Setup and Operations of your SMSF fund?
Your service includes tutorials, online help, and integrated support requests facilities. For onsite or local assistance please contact an accountant within your local area; as Web Superfund uses industry standard practices and is ATO registered, any competent accountant will be able to assist you with the setup and operation of your Web Superfund. Similarly contact you local registered auditor.
 

Disclaimer
VillageMall does not provide any advise on accounting, taxation, or investment issues. The contents of this site should not be understood to be accounting, taxation or investment advice but rather as general product related educational information that may or may not meet your specific requirements.