Forward your statements. June is done.

A property fund keeps a different pile of paper, and it is covered too. The property sits on a register with its own evidence: each year's market valuation with the comparable sales, appraisal or report you relied on, kept as a history so a later correction is added rather than overwritten. The lease and the rent that arrives against it are matched as the agent statements come in, so a period that never arrived is visible during the year instead of at the end of it. Rates, insurance, repairs and capital works are filed against the property as they are paid.

If the fund holds the property under a limited recourse borrowing, the loan statement for each borrowing is on the list of evidence the year needs and is collected the same way. One thing is not in the product yet, and it is better you hear it here: depreciation schedules. Those stay wherever you keep them today.

Your fund still needs its annual return and audit, and your accountant's software still does that job. SMSF Core is the layer you use the other 364 days. When you grant access, your accountant sees the same cited figures and the same evidence status you do, and a confirmed document can go straight into the fund's Documents in Simple Fund 360.

Trustees who sign up on their own pay the trustee plan: $49 a month or $490 a year, 30 days free, no card. Invited by your accounting practice? Your fund pays no trustee subscription. The practice covers it, and you see no trial and no bill. Pricing. If you are the accountant, here is the practice side.