You can create three different types of report from this screen:
The Contributions Summary Report lists the employee and employer contributions for a selected superannuation fund. The date range specifies the pay dates of contributions to be included in the report.
The SGC Minimum Report calculates and lists the minimum contribution required to comply with SGC legislation. This report is included for compatibilty with previous releases of Kwik-Pay. You can now achieve the same result by setting the company super pay item calculation method to 'SGC'.
The Contributions Statements prints for each employee an advice of contributions paid to each superannuation company on their behalf. It includes both company contributions and salary sacrifices accumulated into a single company contribution total for each pay date, and a total of the employee superannuation deductions made after tax. Note that the superannuation company details are entered in the Third Party Organisations form (see Third Parties. Each third party organistaion is given a code, which must be the same as the SuperFund property in the Pay Item Edit form. If you do not have multiple superannuation companies, set the third party code to 'DEFAULT'.
Please note that the contributions summary report includes a number of weeks, which is calculated from the date range and not from the actual number of pay periods included in the report. You may need to set the start and end dates of the report to run from the start date of the first pay period to the end date of the last pay period to get the number of weeks correct.
The report defaults to the contributions made in the last calendar month. You can select a predefined report period, such as 'last quarter' or 'current tax year', or select 'custom date' and then select the start and end dates of the reporting period.
A default super fund is associated with the standard superannuation pay items pre-defined in Kwikpay. You can define more Superannuation Funds by creating more employer and and employee superannuation pay items, and adding a 'SuperFund' pay item property to each pay item, where the SuperFund property has the name of the superannuation fund.
You also have the option of creating a file on disk of the employee and employer contributions. This file is in a format acceptable to many superanuation fund administrators. Contact KwikPay Software if you need a file in a different format.
You can direct the print output to a printer, a preview window, or a file in one of several different formats. Click here for more details.