Self-managed superannuation (SMSF) education, administration and software provider, SuperConcepts, has released the latest update to SuperMate Classic.

“SuperMate Classic version 4.7.1 introduces a range of improvements aimed at reducing processing times and providing an overall better user experience,” Chief Technology Officer, Andy Forbes, said.

Enhancements have been made to further support cryptocurrency involving simplified processing and an increase in decimal places.

“During a recent webinar we hosted, 60% of attendees reported that they had SMSF clients investing in cryptocurrency,” Forbes said.

The update includes changes to Exempt Current Pension Income (ECPI) functionality and an additional letter template has been added for a Trustee Resolution.

Improvements have also been made to depreciation, including new additions to the depreciation schedule report and linking depreciating assets to properties.

Users will also enjoy updates to the Business Activity Statement (BAS) screens as calculations, report labeling, and preferences have been updated to provide a better user experience.

“We’re heavily focused on redefining SMSF software with our next generation of SuperMate, however we are continuing to develop and improve both platforms - the new SuperMate and SuperMate Classic.”