Superannuation is a way through which people working in Australia end up saving a percentage of their income every month until they retire. Herein, the employer pays a small sum from the people’s income into their super account, which is invested further. The person gets the savings when he (or she) retires. However, nowadays, Australians have started opting for self-managed super funds, where they take complete control of their super funds and get more involved in them. Many companies offer dedicated SMSF accounting software to help people with their superannuation. If you're not sure what SMSF software is or how setting up an SMSF will benefit you, this article will explain everything. The major benefits of SMSF accounting are mentioned below: 1. SMSFs can borrow to invest in real estate. The guidelines of SMSF allow people to borrow money and invest it in property in a way that would not be possible otherwise. You can take a recourse loan for double the amount of your SMSF bal