21. Super Stream

1. INTRODUCTION #

Super Stream is the name given to the ATO legislated messaging network used to transfer contribution information to superannuation funds. Under this network, superannuation contributions and rollovers must be sent to the funds electronically. This provides greater accuracy and efficiency, and it allows all contributions remittances to be processed in a single transaction, even if they are going to multiple funds.

2. SUPER STREAM #

2.1 PROCESS STEPS #

2.1.1 CREATE A VENDOR #

Step 1: Go to Accounts Payable module and click All Vendors under Vendors.

Navigation

Accounts Payable>Vendors>All Vendors

Step 2: On Action pane, click New.

Step 3: Under General fast tab, fill in the following details:

1) Vendor account

2) Name

3) Search name

4) Group

5) USI

Step 4: Scroll down to “Tax Invoice and Delivery” fast tab and add required ABN and click Save. Now, close the window.

Step 5: Scroll down to “Payment” fast tab and select the following details:

1) Terms of payment

2) Method of Payment

3) If the method of payment is BPAY, then select BPAY biller and Customer Ref.

4) If the method of payment is Direct Credit, then select Bank account.

Vendor is now created.

Step 6: Now perform the complete Payroll process. Go to Payroll management under Workspaces and Click Process attendance. A new window with the attendance summary of all the employees will open.

Step 7: Now, click Transfer attendance and the Transfer attendance line will be colored.

Step 8: Next step is to click Generate Earnings and a new side form will open. Click OK and Earning statements are now Generated.

Step 9: Click Release Earnings. A new side form will open and click OK there.

Step 10: Click Generate Pay. A new side form will open and click OK. Generate pay line will be colored.

Step 11: Click Submit Payments and a side form will open. Click OK there.

Step 12: Now, click Post Payments and similarly, a side form will open. Click OK.

Step 13: Now, click Payment Journal and Payment Journal form will open. Select the specific Journal and click Lines on action pane. Payment Journal lines will open.

Step 14: On Action pane, click Functions dropdown and then click Generate payments. A new side form will open, select Method of Payment and Bank account, and Click OK. Again, click OK. The Payment status would be changed from None to Sent.

Step 15: On Action pane, click Post dropdown and click Post. Now, Close the page.

Step 16: Click Generate Accruals on Payroll management page. A side form will open and click OK.

Step 17: Go to Super stream inquiry under Inquiry and reports. Select all the Super Inquiry reports that user wishes to download and click Download on Action pane.