No accounts management or administration system would be complete without powerful reporting tools. Managing a self-managed superannuation fund imposes legal obligations to produce and retain various reports, to provide reports to members, and to supply reports to auditors. Reports are required to correctly evidence fund assets, capital gains and losses over selected periods, income and operating expenses and banking and journal transactions. Members need statements that detail all changes to their account balance over a selected period and advise their current account balance.
Mclowd™ offers a full suite of reports that can be generated whenever required and published electronically (as PDF files) or in print, or data can be downloaded to Excel.
Users of Mclowd Pro Version and Mclowd Premium Version also have access to a selection of template documents, and can create Reports Packs that include selected reports and template documents. This feature enables users to create a package of end of year reports, for example, that meet the specific requirements of auditors and members and that, along with the Fund Tax Return that is automatically generated through the c partnership with LodgeIT™, ensure full compliance is easy and amazingly inexpensive.
