The most common calculation for Superannuation is a Percentage, meaning that the selected components are multiplied by the nominated percentage. This is the calculation this article will cover. There are three steps to setting and using an Employer Contribution.
Create the Employer Contribution
Attach the Contribution to a Fund
Attach the Contribution to the Employee
Once the Contribution has been created, review the Superannuation File and General Ledger Batch to see if the Contribution needs to be included.
Create the Employer Contribution
Go to Payroll, Maintenance, Superannuation, Employer Contribution.
Click Add to create an Employer Contribution. Alternatively, you can copy an existing Contribution, using right-click and Copy.
Enter a Code and Description.
Select Percentage as the Employer Contribution Type.
Enter the Percentage Deduction to use as the calculation basis. If this is your compulsory SGL contribution, this will be per the ATO. This may differ if this is an additional contribution.
The SGL Percentage is the percentage nominated by the ATO.
Tick Apply SGL Exceptions if you want to apply the SGL criteria.
Complete any other required fields in Calculation Information.
Under STP Phase 1 & 2, tick Include in STP Reporting, if applicable. Then select either Super Guarantee (SGL) or Reportable Super (RESC).
Select the Calculation Parameters tab and select the components to use in the calculation of Super.
Pay Components - use the drop-down to tick the required components.
Leave Reason - use the Select button to include existing Leave Reasons in the calculation. The buttons are available if Other Leave is selected in Pay Components. Super will calculate when Other Leave is used in a transaction with one of the nominated Leave Reasons.
Addition & Deduction Codes - either:
Nominate specific codes - use Select to select the codes and ensure Included is ticked
Include all and specify exclusions - tick the All box (e.g. All Additions Before Tax), then use Select to select the exclusions and ensure Included is unticked.
User Defined Leave - use the Select button to include User Defined Leave in the calculation. The buttons are available if User Defined Leave is selected in Pay Components.
Click OK to save.
Attach the Contribution to a Fund
Go to Payroll, Maintenance, Superannuation, Funds
Edit the required Fund.
On the Employer Contributions tab, click Select and include the new Contribution created above.
Click OK to save. Repeat this step for any other Funds that require the contribution.
Attach the Contribution to the Employee
Go to Payroll, Maintenance, Employees, Employees.
Edit the employee record and select Superannuation Details.
Under Superannuation Contributions, click Add and select the new Employer Contribution created above.
If the Contribution is RESC, ensure Reportable Super is ticked. This will be automatically ticked if you selected Reportable Super (RESC) on the Employer Contribution.
Use the Allocations to allocate a portion of the Contribution to the fund. If all of the Contribution goes to the fund, enter 100.
Click OK to save the Contribution
If required, amend any other employer contributions.
OK to save the employee.