Summary

U. Employee Superannuation Deduction type deductions are used for employee superannuation deductions.

Transactions that use this deduction type are included in superannuation reports.

Fields on the Details tab

Quantity:

Enter the number of units of the deduction to be paid.

Rate:

Enter the dollar value of the payment unit.

Transaction total:

This field is system generated so leave it as 0.00 unless you want to override the Transaction total. When you save the transaction, the total is calculated (Quantity * Rate) and displayed in the Drill Down View Totals column.

Recalculate:

This field is normally set to 'Yes'. If you entered an override in the Transaction total field above, then change Recalculate to 'No'.

WAP code:

Enabled when Company Settings | Payroll | Processing | Transactions | Edit WAP codes = Yes.

PayGlobal uses the Work Area Position Code attached to this employee. If the default is incorrect for this transaction, then you can change this WAP Code.

Transaction start date:

The period start date or an effective transaction start date.

Transaction end date:

The period end date or an effective transaction end date.

Super Fund Code:

Enabled when Superannuation deduction = 'Yes' on the Deductions - Details (iii) tab.

The following fields are enabled when:

• Direct credit = 'Yes' on the Deductions - Details (ii) tab

  -or-

• Superannuation deduction = 'Yes' on the Deductions - Details (iii) tab.

Bank Account:

Bank account number of the superannuation fund.

Bank branch:

System-generated value based on the first numbers in the Bank account. This field is displayed only if your organisation uses the Bank Branches entity.

Reference:

Description that will appear on employee bank statements for the superannuation fund.

Bank code:

(NZ only) Bank code that appears on employee bank statements 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.

Particulars:

(NZ only) Bank particulars that appears on employee bank statements for the superannuation fund.

Bank account information

You can define bank account information in the following areas:

• Employee Super Funds - Bank Details
• Superannuation Fund - Bank Details
• Allowances - Details (iv)
• Deductions - Details (iii)
• Allowance or deduction transaction form.

In Transaction View, PayGlobal uses the following hierarchy to determine the default bank account that it displays on the superannuation transaction form:

1. Employee Super Funds | Bank Details tab
2. Superannuation Fund | Bank Details tab
3. Allowances | Details (iv) tab or Deductions | Details (iii) tab.