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Employees | Payroll | Payroll | Superannuation tab | Employee Super Funds | Bank Details tab
Overview |
You would use these fields when the Employee Super Fund assigns a unique bank account to each member. As a result, the bank account in the Employee Super Fund is different to the bank account in the Superannuation Fund or in the employee's record. PayGlobal uses the same validation process for these bank details as it does for bank accounts in other areas of the product. Each Employee Super Fund record can contain only one bank account, and all transactions for that Employee Super Fund will use that bank account as the default value. |
KiwiSaver (NZ) |
In New Zealand databases, if you select a KiwiSaver superannuation fund on the Employee Super Funds | Details tab, then PayGlobal disables the Bank Details tab fields. |
Fields |
Bank account:Bank account number of the superannuation fund. Bank branch:System-generated value based on the first numbers in the Bank account. Bank reference:Description that appears on employee bank statement for the superannuation fund. Account name:For security reasons some banks require an account name and a bank account number to verify direct credit transactions. If the superannuation fund name is not the bank account name, then enter the bank account name in this field to ensure that the receiving bank does not reject the transactions. Bank code:
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Bank account hierarchy |
You can define bank account information in the following areas:
In Transaction View, PayGlobal uses the following hierarchy to determine the default bank account that it displays on the superannuation transaction form:
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