RetailBasics' manages your superannuation calculations and reporting in our single subscription price, no matter how many employees on the payroll. RetailBasics handles super for both permanent and casual staff, and makes it easy to keep on top of your super obligations. From today you can make your super payments manually through the ATO or directly to your super funds. We are also working on adding automated super payment processing into a future RetailBasics release.
As each pay period is processed, RetailBasics will calculate superannuation payable for each employee so that you can make the appropriate deposits into their super funds, and then adjust accrual totals accordingly so you can see any outstanding amounts. And when payments are reconciled to bank transactions, new contributions will be recorded automatically. The result is accurate, up-to-date visibility of outstanding super payments for your staff, so you don't need to worry about being caught by surprise!
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Get StartedRetailBasics takes care of calculation of superannuation contributions based on employee salaries and applicable contribution rates. .As legislated super guarantee rates change, RetailBasics takes these changes into account, ensuring reliable payment reporting.
RetaioBasics helps you comply with superannuation regulations, including the Superannuation Guarantee (SG) and Choice of Superannuation Fund (COSF) laws, by taking the guesswork out of calculating super owing for each employee at the end of each pay period. Your staff can swap between super funds at any time, as required for COSF compliance.
Aside from payslips displaying all super accruals and payments for the pay period in question, RetailBasics provides you with a running superannuation accrual report, showing super earnings and payments per employee over time, giving you complete visibility of outstanding super balances at any point in time.
Of course! Although RetailBasics will calculate the Super Guarantee Charge applicable to all of your staff at the end of each pay period, you are free to override this guidance with an amount of your choosing.