If you need to set up a superannuation contribution that is paid by the employer, now it is as easy as ever. A new feature added to KeyPay allows the employer to add the contribution straight into the employee's pay, without working out the gross wage to include superannuation. By following these steps you can add in the employer contribution into the employee's wage;
- To add the contribution into the employee's pay from the pay run, you need to use the "Actions" button and select "Super Adjustment", see image below;
- This will create a "Super Adjustment" line. You will then need to select ""Employer Contribution" from the drop down list. Insert a "Note" if required, and the amount that the employer is contributing to the employee and press "Save".
You will notice that we have created two columns, in the pay slip, under Super Contributions, they are SGC (Super Guarantee Contribution) and EC (Employer Contribution). The amount you entered will be recorded under EC. See image below;
- Once you hit the save button you will see the contribution in the EC column, in the example it is $100, see image below;
- If you want this contribution to be ongoing, you can enter in a Super Adjustment via the employee file. Select the employee that the contribution applies and select "Super Adjustment" and "Employer Contribution" from the drop down menu, see image below;
- Then complete the form by entering in the amount you want to contribute every pay run and a note, if required, this will be displayed on the pay slip. You will need to stipulate an expiry date or select "Never". Hit the "Save" button. This adjustment will appear on the selected employee's pay every pay run. Take note after saving, when the changes take effect, see image below;
If you have further questions regarding this article please do not hesitate to contact us.