How to Update Superannuation Cap Settings in WageEasy
Updating superannuation cap settings in WageEasy is essential to ensure compliance with current payroll regulations. Follow the steps below to update the cap settings for awards in WageEasy.
Step-by-Step Guide
1. Award Settings
Open WageEasy.
Navigate to Setup, Awards.
2. Open the Relevant Award
Locate the award you need to update.
Double-click on the award to open its settings.
3. Navigate to Superannuation Settings
Within the award settings, go to the Payments tab.
Select the Superannuation section.
4. Change the Cap Period
Locate the cap period setting.
Change the threshold period from Quarterly to Yearly.
5. Update Cap Values
Update the cap values to reflect the applicable yearly thresholds. Refer to the latest regulatory guidelines or organizational policies for the correct amounts.
By following these steps, you can ensure that your superannuation cap settings are up-to-date and compliant with current requirements. For further assistance, consult WageEasy's official documentation or your payroll administrator.