“The BankLink Service provides SMSF trustees with solutions to simplify the accounting process – letting trustees spend less time on accounting compliance and more time with their family.”
To effectively meet the strict compliance requirements for our Self-Managed Super Fund (SMSF) clients, Prouse Family Accountants has recently implemented The BankLink Service. This will enable us to work more efficiently and accurately with our SMSF clients.
How does it work?
BankLink securely collects electronic copies of your statement information from your bank or financial institution and then delivers this directly to Prouse Family Accountants.
Using BankLink, we can process your transactions and, where additional information is required, request additional information from you.
BankLink benefits for SMSF trustees:
- Saves time and hassle – you no longer have to send in paper statements .
- Accurate transactional data for audit purposes
- Less chance of documentation getting lost or misplaced – by receiving regular transaction information from BankLink, on a monthly basis, we will be able to communicate with you more regularly and collect the paperwork we require.
Is it secure?
The BankLink Service is a totally separate system from internet banking and it does not allow any transactional capabilities on your accounts. You will continue to receive paper bank statements and our practice will simply receive an additional copy.
Your statement information is totally secure, as The BankLink Service complies with the stringent international security requirements of all the major banks and financial institutions.
How to get started
Call the office on 9246 9055 or email: olive@prouse.com.au and we will email you an information pack and a registration form to complete and send to your bank authorising us to receive an electronic copy of your bank statement.
Typically, you will need to allow 2-3 weeks for the BankLink service to be enabled on your business bank accounts.
