Superstream presentation at Reckon Group Conference
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SUPERSTREAM COMPLIANCE
description
This presentation was given by Eddie Krabs at Reckon Group Conference 2014 held at the Hilton in Sydney from 21-23 August. For more information visit www.reckon.com
Transcript of Superstream presentation at Reckon Group Conference
SUPERSTREAMCOMPLIANCE
WHODOES SUPERSTREAMAFFECT?
All employers in Australia
Progressive rollout over the next 2 years.
WHENDOES SUPERSTREAM REALLY START?
20+ Employees – between now and 30 June 2015
19 or less Employees – between 1 July 2015 and 30 June 2016
APRA funds must be ready to receive by 3 Nov 2014
WHERE DOES IT IMPACT?
Payroll software:• Reckon PAYROLL PREMIER and ACCOUNTS with payroll.
• anyone using a software solution will be given the details of what is required
Manual payments and contributions:• One purpose of SuperStream is to stop paper
contributions
WHYSHOULD I MAKE THE CHANGE TO SUPERSTREAM?
Paper payments will be phased out
Faster turn around for contributions and payments
Electronic audit trails
Lost Super data matching
HOWWILL RECKON SUPPORTSUPERSTREAM?
New Fields
Partner with a reputable gateway
Current Reckon Payroll Premier solution
Future Reckon Accounts solution scheduled
WHATDOES IT LOOK LIKE IN ACCOUNTS?
APRA funds:• Addition of USI,
replacing the SPIN.
• Addition of Fund name.
• All other APRA details remain the same as current process.
SMSF’s:• Addition of email as an
electronic address.
• Addition of Fund name.
• Set up SMSF as a supplier. This will add the mandatory bank details for SuperStream.
• Reckon Super Data Reports from PAYROLL and ACCOUNTS
QUESTIONS?
For more information, visit www.reckon.com
THANK YOU
