Mclowd Review Australia 2026

AU-MadeSmsf
2.0 / 5— SoftwareHQ AU Rating
Pricing verified 2026-03-20

Overview

Mclowd is free cloud-based smsf administration with optional paid upgrades. Founded in 2012 and headquartered in Melbourne, VIC, Australia, it serves Australian businesses with local data hosting and AU-based support.

Free cloud-based SMSF administration with optional paid upgrades

AU Compliance Scores

BAS Lodgement
0/5
STP Phase 2
0/5
Payday Super
0/5
Modern Awards
0/5
GST Handling
0/5
Bank Feeds
2/5
Modern Awards NoteNot applicable — no payroll or award interpretation functionality.

Pricing (AUD inc. GST)

All prices below are in Australian dollars (GST not included). Pricing verified as of 2026-03-20.

Free Forever
Free
AUD exc GST
Free basic SMSF accounting with core functionality including journals, ledger, reporting, and compliance. Includes ads. Manual bank import supported but no automated data feeds or ATO lodgement. Trustees can access the Marketplace to hire professionals for ad hoc tasks from $20/hr.
  • Users: unlimited
  • Funds: unlimited
  • Lodgement: manual
  • Data Feeds: manual import only
Most Popular
Pro
$33/mo
AUD exc GST
Per-fund monthly pricing paid annually in advance. Adds online ATO lodgement via Lodge It partnership and TBAR reporting. Direct bank feeds available for select accounts including Macquarie CMA. UNVERIFIED: Price of $33/fund/month sourced from multiple third-party references (TaxTalks, iCare SMSF, Quick SMSF Accountants) — may not reflect current 2026 pricing. GST treatment not explicitly confirmed on any source.
  • Users: unlimited
  • Funds: per fund
  • Lodgement: online via Lodge It
  • Data Feeds: select bank feeds
Premium
$77/mo
AUD exc GST
Per-fund monthly pricing paid annually in advance. Adds comprehensive automated bank and broker data feeds via SISS Data Services partnership, in addition to all Pro features. UNVERIFIED: Price of $77/fund/month sourced from multiple third-party references — may not reflect current 2026 pricing. GST treatment not explicitly confirmed.
  • Users: unlimited
  • Funds: per fund
  • Lodgement: online via Lodge It
  • Data Feeds: full bank and broker feeds

Pros & Cons

Pros

  • Only major Australian SMSF platform with a genuinely free tier — core accounting at zero cost
  • Paid plans ($33-$77/fund/month) significantly cheaper than BGL ($130/fund/year), Class (~$380/fund/year), or SuperMate ($132-$189/fund/year)
  • Built-in Marketplace connects trustees with qualified professionals for audits, tax, and advice from $20/hr
  • ATO lodgement and TBAR reporting available on Pro plan via Lodge It partnership
  • All data hosted in Australia on AWS Sydney — full data sovereignty
  • Partner ecosystem model (Lodge It, SISS, BMR, Verus, Lime) provides access to specialist services without building expensive infrastructure
  • SuperStream compliance support for rollovers and contributions
  • Cloud-based with no software installation required — accessible from any browser

Cons

  • Free tier includes advertisements — may feel unprofessional for practitioner use
  • Significantly less automation than BGL, Class, or SuperMate — more manual data entry required
  • Automated bank and broker data feeds only available on Premium plan ($77/fund/month) via SISS — far fewer feed connections than BGL's 400+ or Class's 200+
  • No phone support — only Freshdesk tickets and knowledge base, with no published support hours or SLAs
  • Acquired by Assetly in 2022 but Assetly's websites (assetly.com, assetly.io) no longer resolve — ownership continuity uncertain
  • Small user base (~5,000 registered, ~2,150 active) versus BGL's 8,500+ firms managing 300,000+ funds
  • ATO lodgement relies on third-party Lodge It partnership rather than built-in direct SBR integration

Who Is Mclowd Best For?

  • Diy Trustee
  • Cost Conscious Retiree
  • Small Practice
  • Sole Trader

Mclowd may not be the best fit for:

  • Large Practice
  • Enterprise
  • High Volume Practitioner

Mclowd Alternatives

If Mclowd doesn’t quite fit your needs, consider these alternatives for Australian businesses:

  • BGL Simple Fund 360 — Australia's leading SMSF administration and compliance platform. From $10.83/mo inc. GST.
  • Class Super — Australia's first cloud-based SMSF administration platform. From $31.67/mo inc. GST.
  • SuperConcepts — Full-service SMSF administration and SuperMate software platform. From $11/mo inc. GST.

Frequently Asked Questions

Is Mclowd really free for SMSF administration?
Yes, Mclowd offers a genuinely free 'Free Forever' tier that includes core SMSF accounting functionality — journals, ledger, reporting, and compliance tools. The free version does include advertisements. You can manage your fund's accounting at zero cost, though you'll need to do manual data entry (no automated bank feeds) and you won't have online ATO lodgement. Paid plans start at $33/fund/month for Pro.
How does Mclowd compare to BGL Simple Fund 360 and Class Super?
Mclowd is significantly cheaper — free to $77/fund/month versus BGL's $130/fund/year (Professional) or Class Super's ~$380/fund/year. However, BGL and Class offer far more automation, deeper data feed networks (400+ and 200+ integrations respectively), built-in AI document processing (BGL), and dedicated phone support. Mclowd suits cost-conscious trustees willing to trade automation for savings; BGL and Class suit practices needing efficiency at scale.
Who owns Mclowd now?
Mclowd was acquired by platform provider Assetly in the back half of 2022. The SMSF administration service is owned by an entity called Assetly Accounting and was initially branded 'Assetly SMSF', though the platform continues to operate under the Mclowd brand. Assetly planned to add integrated bank accounts and trading facilities for trustees.
Where is Mclowd data hosted?
Mclowd stores all data in Australia on AWS (Amazon Web Services) servers in the Sydney region. The platform has used AWS for hosting since its launch in 2012, providing Australian data sovereignty for SMSF records.
Does Mclowd support ATO lodgement and TBAR reporting?
Yes, but only on the paid Pro ($33/fund/month) and Premium ($77/fund/month) plans. ATO lodgement is handled through a partnership with Lodge It rather than built-in SBR integration. TBAR (Transfer Balance Account Reporting) is also available on Pro and Premium plans for reporting pension commencements and other transfer balance events.
What support does Mclowd offer?
Mclowd provides support through a Freshdesk ticketing system accessible within the platform, plus a knowledge base. There is no phone support. For additional help, trustees can hire professionals through the Mclowd Marketplace, where rates for ad hoc assistance start from $20/hour. The platform operates with a distributed global team and no physical office.