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.
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- Log into FastTrack360
- Go to Payroll > Payroll > Maintenance > Superannuation > Contribution Rate Rules
- 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
- tick-box
- If you want the contribution rate rule to be available for use as soon as it is saved, change Status to Released
- Click Add Validity Period > Enter the + symbol to add a Validity Period
- Enter a Validity Start Date
Complete relevant fields - 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
- Click OK > Click Save
PART TWO – Add to Payee Record
- Go to In Payroll, click Payee
- Search for relevant Payee and open record
- Add If a new Validity if requireddate is required, on Payee Details tab, enter date in Add Validity and click + symbol
- Click Superannuation Details tab
- Click
- 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
- Click Save
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