Introduction

Demonstrate how to setup superannuation fund details used by your company and your employees. Information supplied in this window will be used by the payroll system.

Getting There:

[ System Codes ] –> Payroll / Superannuation

Complete the “Details” section

Enter a short code for the fund
Enter the policy number for the company
Complete the Name and address of fund provider

Superannuation Parameters

Earning Threshold

The amount that the employee must earn in a month to have super contributed.

Minimum and maximum age of employee for super contributions

Contribution Cap

Once earnings reach this level no additional funds are deducted.

Distribution Method

Select the method of moving the payments to the fund

• RPT – Report and cheque posted
• EPS – Electronic payment
• EDI – Electronic data interchange

Distribution Code

Select the “EPS” payee code for the fund. These codes must be created in EPS Payees (System Codes / Payroll / Parameters). Account details will be entered automatically if a distribution code is chosen from the list

GL Accounts

Company

Enter the General Ledger account code for all required company “Superannuation” payments.

Employee

Enter the General Ledger account code for all additional employee “Superannuation” contributions.

Rate

Enter the “Superannuation” contribution rate and date of change then click Apply. This will add the entry to the previous rates section.

SGL – Superannuation Guaranteed Levee

SGL Component

Date – The date the levee was set
Previous