POWERED BY MOMENTUM MEDIA
New functionality aims to drive accounting efficiency
Cloud software solution provider, Class, has added a beneficiary accounting functionality to Class Portfolio to help increase efficiency in accountants' work processes.
The functionality allows accountants to set up discretionary trusts and add beneficiaries in Class Portfolio. Class said auto journaling allowed the system to select the correct general ledger accounts and automatically posted journal entries to same time.
Class chief executive, Kevin Bungard, said: "Our goal is to enable accountants to achieve the same levels of processing efficiency and timely reporting across all the entities in which their clients hold their wealth."
"This unique solution is set to deliver significant benefits to the industry," he said.
Recommended for you
Australian Ethical has named its new head of equities, who previously spent 12 years at Perpetual.
The country’s sovereign wealth fund has unveiled a flurry of changes to its leadership team, including the appointment of a key executive role.
With Damian Graham stepping into a new capacity within the $190 billion super fund ahead of his retirement, a global search is set to commence for his replacement.
Cbus has swiftly promoted Leigh Gavin to chief investment officer only months after naming him deputy, as the fund works towards growing in size and bringing its investment expertise in-house.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
