As part of the setup for Beam Super Clearing, you choose your preferred payment method. From within the Payroll Company (Payroll, Maintenance, General), you will choose either direct debit or direct credit (EFT).
If you select:
Direct debit then Beam will deduct the payment directly from the Payroll Company's Creditor EFT Institution.
Direct credit, you will use Creditor EFT Export (Payroll, Transactions, Import and Export) to generate a file that you upload to your banking software.
The Beam_SCH Creditor (Payroll, Maintenance, General) is pre-populated with the Beam's bank details and cannot be modified.
Using the Creditor EFT Export ensures the correct 18-digit PRN (Payment Reference Number) is included, meaning that Beam can automatically reconcile your payment with the contributions.
For more information on payment details, refer to Beam's Product Disclosure Statement (PDS). To access, use the Update Beam Registration button on the Superannuation tab of your Payroll Company (Payroll, Maintenance, General). The PDS can be downloaded from the T&C page.
Note: Some international banks remove or have character limitations on the payment reference number. If you pay via an international bank, ensure the PRN included in the Creditor file is available in your banking software. If it's not, you might need to consider:
manually creating the payment in your banking software if there are no character limitations
using a local bank to make the payments
using another payment option, e.g. direct debit or BPAY