SMSF Services - Australia

At Zedpath Solutions, we provide accurate, compliant bookkeeping and accounting services for Self-Managed Superannuation Funds (SMSFs). Our experienced team ensures every transaction is recorded, classified, and reconciled, delivering clear and reliable financial records.

We handle contributions, pensions, investments, tax reconciliations, and capital gains, aligned with ATO and ASIC requirements. Skilled in platforms like Class Super, BGL 360, and Xero, we prepare member statements, financials, tax returns, and audit-ready workpapers.

For SMSFs with property, we manage BAS, GST, and loan reconciliations, and support actuarial requirements for pension and accumulation accounts.

Whether full-service or tailored support, we provide a reliable, scalable, and cost-effective SMSF accounting solution.

Scope of work - Self Managed Super Fund

Zedpath delivers accurate, compliant bookkeeping and accounting services tailored for SMSFs, ensuring all transactions are properly recorded and classified.

Bookkeeping Support - SMSF

We manage the complete recording of bank transactions, investments (including shares, managed funds, and rental properties), contributions, pensions, and all income and expenses. As part of our bookkeeping process, we review all transactions, raise queries for any missing or unclear information, and work closely with clients to resolve these promptly. This ensures the fund’s financial data remains accurate, complete, and audit-ready at all times.

Our key activities include:

• Importing bank statements or manually recording them if no live bank feed is available.

• Coding and reconciling bank transactions.

• Processing all investment-related transactions.

• Recording contributions and pensions, with correct classification (e.g., concessional and non-concessional).

• Capturing all income streams—dividends, interest, rental, and distributions—and recording expenses.

• Raising queries with clients for missing or unclear documentation such as invoices, contracts, contribution evidence, property settlement statements, loan agreements, and dividend statements.

• Updating records and resolving queries once the required information is received to ensure accounts are finalised and audit-ready.

Business Activity Statement (BAS)

• Reconcile bank accounts up to the BAS period (if not already done).

• Review the general ledger to ensure correct GST coding.

• Prepare quarterly and annual BAS, if the SMSF is registered for GST (typically applies to property-owning funds with commercial properties).

Fund Processing

• Process the full-year fund accounts.

• Import and record bank transactions if no live feed is available.

• Record all income and expenses accurately.

• Calculate and record capital gains or losses.

• Reconcile:

• Debtors and creditors (if applicable).

• Contributions and pensions against member statements.

• Closing balances of all investments to supporting documentation (broker reports, property valuations, etc.)

• LRBA (Limited Recourse Borrowing Arrangement) loan balances and interest.

• Compute and record CGT on the sale of investments, including property.

• Prepare tax reconciliation workpapers, including franking credits, foreign tax credits, and withholding tax adjustments.

• Record provisions for income tax.

• Prepare and review member statements.

• Review and report on required actuarial certificates (if applicable for funds with both pension and accumulation accounts).

• Prepare detailed accounting workpapers to support financial statements and tax returns.

Financial Statement Preparation

• Prepare annual Financial Statements in compliance with ATO requirements.

• Prepare SMSF annual tax return.

Audit Workpapers

While we are not licensed SMSF auditors, we prepare comprehensive audit workpapers as per the client’s auditor’s requirements and templates to facilitate the annual audit process.