Class will also provide Countplus practices with dedicated resources for implementation assistance and transitioning portfolios to Class.

Class chief executive Kevin Bungard said the agreement presented a unique opportunity for Countplus practices that had yet to try Class or were using Class software but had not transitioned all their portfolios.

“With accountants under increasing pressure from regulators, clients and competitors to improve their processing and reporting of SMSFs, it’s critical to have the right systems in place to meet these challenges,” said Mr Bungard.

Countplus CEO Matthew Rowe said Class software was already widely used in the Countplus network.

“This agreement acknowledges our ongoing relationship with Class, the process efficiencies delivered to our firms from Class software and our view of the benefits that cloud-enabled real-time solutions provide to our clients,” said Mr Rowe.