Summary

PayGlobal allows you to manually add RESC amounts and edit existing RESC amounts. You would use such manual transactions if you:

• Calculated RESC externally to PayGlobal.
• Implemented PayGlobal part way through the Australian financial year.

  Further Reading: Download the Australian Superannuation and Salary Sacrifice manual from the website library.

RESC Amount Field

In Transaction View, the transaction form Text tab contains a RESC Amount field. This field is enabled only when a transaction meets all the following criteria:

• Is for an allowance with Type = "A. Allowance" or "Z. Employee Super"
• Has a Super Fund Code value
• Has Recalculate = "No".

RESC Allowance Transactions

Recalculate = Yes

Add a superannuation allowance transaction (Text tab | Super Fund Code field must contain a value). When you process the pay, the RESC amount is calculated.

1. On the transaction form Details tab, enter the Quantity and other values.

   Ensure that Recalculate = Yes.

2. On the Text tab, the RESC Amount field is blank and disabled.
3. Process the transaction.

PayGlobal calculates the RESC Amount based on the transaction values.

Recalculate = No

Add a superannuation transaction that contains only the RESC Amount, such as an 'opening balance' RESC value.

1. On the transaction form Details tab, ensure that Recalculate = No.
2. On the Text tab, enter the RESC Amount value.
3. Process the transaction.

PayGlobal does not recalculate the RESC Amount; it uses the value that you entered. The following type of message appears in the audit log:

"Superannuation allowance transaction xxx has Recalculate flag set to No. The total amount will not be adjusted for superannuation OTE thresholds nor will RESC be recalculated for this transaction."

Note: You can also edit these types of transactions to adjust RESC values.

RESC Deduction Transactions

You should only need to manually edit your Salary Sacrifice RESC deduction transactions for the following scenarios:

1. Employee wants a one-off adjustment to increase or decrease the amount of money they want to sacrifice from their salary for super…if it was to be a permanent adjustment then you’d do this via the EmplSuperFund record then recalculate the pay.
2. Pay reversals

To adjust these transactions you will need to set Recalculate to No.

When you process the pay the value from the “Total Amount” field is copied to the RESC amount field.

See also

Reportable Employer Superannuation Contribution (RESC)

Super Settings Groups (Australia)

Super Guarantee (Australia)