How does Access WageEasy handle superannuation data in STP submissions and clearinghouse processes?
Access WageEasy provides flexible options for managing superannuation data, whether through STP submissions to the ATO or via third-party clearinghouses. Below is an overview of how WageEasy handles these processes.
Overview of Superannuation Data in STP Submissions
When submitting an STP Pay Event to the Australian Taxation Office (ATO) through WageEasy, the file includes all required superannuation-related data. This includes:
Qualifying Earnings (QE): The earnings used to calculate superannuation contributions.
Superannuation Liability: The total amount of superannuation contributions owed.
This ensures that the ATO receives all necessary superannuation information as part of the STP submission. If you manage superannuation payments separately through a clearinghouse, this process is independent of the STP submission.
Generating Superannuation Export Files
If you use a third-party clearinghouse to manage superannuation payments, WageEasy allows you to generate a superannuation export file for upload. When prompted during payroll processing, you have the following options:
Generate the Export File Immediately: Use the Superannuation Export Wizard to create the file and upload it to your clearinghouse.
Generate the Export File Later: Continue payroll processing without creating the file immediately. You can return to the Superannuation Export Wizard later to produce the file.
Manual Entry: If you prefer, you can manually enter superannuation amounts into your clearinghouse without generating an export file.
Managing Superannuation Payments
For users who pay superannuation via a clearinghouse, WageEasy provides the flexibility to either automate the process through export files or handle it manually. This ensures that businesses can choose the workflow that best suits their operational needs.
By integrating superannuation data into STP submissions and offering export file generation for clearinghouses, Access WageEasy simplifies compliance and payroll management for businesses.
Related Topics
STP Reporting in WageEasy
Superannuation Compliance and Reporting
Using the Superannuation Export Wizard