BGL

Cointree has partnered with BGL to simplify cryptocurrency administration and compliance for Self-Managed Super Funds (SMSFs). This integration brings together Cointree’s easy-to-use crypto exchange with BGL’s leading SMSF administration software, Simple Fund 360, making it easier for trustees and their accountants to manage crypto assets within an SMSF.

About BGL

BGL Corporate Solutions has been a trusted name in accounting software for over 30 years, delivering Australia's leading cloud-based corporate compliance management and SMSF administration solutions. Their award-winning Simple Fund 360 is used to administer a significant portion of Australia's self-managed super funds, cementing its position as a market leader. BGL is committed to developing ecosystem partnerships that create better ways for their clients to work, serving accounting firms, law firms, financial planners, and individual SMSF trustees across 15 countries.

How the Cointree and BGL Integration Works

As BGL's first crypto partner since 2020, the integration between Cointree and BGL's Simple Fund 360 streamlines the process of managing cryptocurrency investments for SMSFs. It helps keep track of all relevant Capital Gains Tax (CGT) and crypto trading events, ensuring your SMSF remains compliant.

1. Simple Transaction Download: Easily download a transaction file directly from your Cointree account.
2. Seamless Import to Simple Fund 360: Import the Cointree transaction file into Simple Fund 360 using the BGL File Import function within the Wraps and Platforms screen.
3. Automated Reporting: Simple Fund 360 automatically processes the imported data, simplifying your SMSF reporting obligations for cryptocurrency assets.

This partnership empowers SMSF trustees and their accountants with a more efficient and accurate way to manage and report on digital asset investments.