Superannuation fund details are set up and maintained (updated) in Superannuation Funds Maintenance.
You must set up details for every superannuation fund into which contributions are made. Ensure that you complete all mandatory fields, as described below.
To set up a superannuation fund
Choose Setups, Payroll, Superannuation funds, Maintain.
Type a Superannuation Fund Code of your choice and click Enter.
Enter the Superannuation Fund Name.
Enter the Address details.
Enter the Contact details.
If you intend to select the fund as the default fund for employee onboarding, then you must also complete the Website address and Telephone fields.
You do not need to complete the Institution Code and Institution Name. This has largely been replaced by the SPIN/USI number for retail funds, and the Electronic Service Address for SMSFs.
Complete all mandatory fields, as required:
An ABN is required for all superannuation funds.
For Self-managed funds, the mandatory fields are:
BSB.
Account Number.
Account name.
Electronic Service Address (Alias).
SMSF check box is ticked.
For retail superannuation funds:
Enter the USI (Unique Superannuation Identifier) in the SPIN/USI field, so that the superannuation clearing house can correctly identify the fund.
Disk Transfer should be selected for both retail superannuation funds and SMSFs.
📌Note: If for some reason you need to exclude a super fund from your Super Stream report/file, you can un-tick this checkbox and re-select it where required.Choose Accept (F9) to save the fund set up.
To update superannuation fund information
Choose Setups, Payroll, Superannuation funds, Maintain.
Select the Superannuation Fund Code.
Update the required information.
Choose Accept (F9) to save the changes.
Connect Super Fund to Employee Super/Other Account
Once you have entered this information, the Super Fund needs to be connected to the employees Super/Other Account in the Masterfile. The employee super member code is also stored in the Super/Other Account. See Setting up Employee Super/Other Accounts.