Versions Compared

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.

The below explains how to setup a Contribution Rate Rule for additional employer contributions that need to be reported as RESC and apply it to the Payee record.

...

  1. Log into FastTrack360
  2. Go to Payroll > Payroll > Maintenance > Superannuation > Contribution Rate Rules
  3. Click Add (Plus icon)Enter Name > Select the + symbol to add a new Rate Rule. Enter the following:
    • Name - must be unique
    • Week Ending Day
    >
    • Tick the RESC
    tickboxChange Status to Released if
    •  tick-box
    • If you want the contribution rate rule to be available for use as soon as it is saved, change Status to Released
  4. Click Add Validity Period > Enter the + symbol to add a Validity Period
    • Enter a Validity Start Date
    > Click Edit
    Image RemovedComplete relevant fields
  5. Click the Pencil symbol - the Superannuation Contribution Rate screen will open. Enter the following
    • Contribution Basis
    • Percentage Value & Pay Code Group for % Calculation - doesn't apply if Contribution Basis is set to Fixed
    • Fixed Value, Fixed Per & Pay Code Group to Define Period (for fixed) - doesn't apply if Contribution Basis is set to Percentage
    • Cap Fixed at & Cap Per - doesn't apply if Fixed Per is set to Pay Period
  6. Click OK > Click Save



Image RemovedImage Added

Image Added




PART TWO – Add to Payee Record

  1. Go to In Payroll, click Payee
  2. Search for relevant Payee and open record
  3. Add If a new Validity if requireddate is required, on Payee Details tab, enter date in Add Validity and click + symbol
  4. Click Superannuation Details tab
    • Click
    Add (Plus icon)
    • the + symbol to add a new Fund
    • Search for the relevant Fund and click OK
    • Complete Policy/Member Number and Registration Date
    • In Rate Rule, select RESC rule created in Part One
    >
    • If required, tick Agreement Default
  5. Click Save




...