Your Mypas™ subscription can be set up to include personal assets like your home and contents, vehicle, etc. This is handy if you need to report total net worth.
The system can track your service assets like rental properties and private equity. You’ll get reports on income and capital, but you’ll need to give us dates and receipts for all transactions, for manual processing.
If a dividend cheque goes astray in a manual system, you could miss it entirely. But Mypas™ calculates your dividends and other corporate actions from data feeds, so mistakes can be spotted.
For example, Mypas™ will assume all dividends were paid. If one is missed, the cash account will not reconcile with the Premium reports. This is especially important if you have a Self-Managed Superannuation Fund (SMSF), which has to be audited every year.
The Mypas™ system knows the history of dividend payments and corporate actions across the whole of the Australian stock market. With a bit of detective work based your best estimates of when you bought and sold certain investments, we can reconstruct your portfolio’s past.
You and your accountant can then use this information to…
- Amend a past return to get an unexpected tax credit
- Lodge overdue returns quickly and accurately
- Prepare the returns of a deceased estate with missing paperwork
- Analyse past investment performance for strategic planning
We don’t have access to your money or investments. We don’t give advice. We don’t place investments. We don’t have a commercial relationship with any marketer of financial products.
Mypas™ is strictly an administrative service.
