EMP 201 Process

BY

 EMP 201 Monthly Process

Ensure that the relevant Parent has been selected.

Go to the Accounts Menu and select “Cash Flows”.

Cash Flows

Double click on the view hyperlink next to “Member Tax Payable”.

Tax records are generated by the Exit Workflow and the Monthly Pensioner Process. Once tax is received from SARS in the Exit Workflow or calculated as part of the Pensioner Process, the Everest system will automatically journalise the accrual. All accruals and tax adjustments in the month are accumulated in this screen.

The write-up of the tax accrual is made to account (2000/44) so an extract of payments and accruals can be generated. The “Parent Benefits Tax – Build Up” report provides a comprehensive breakdown for the exit calculations and a consolidated total for the pensioner PAYE deducted.

Unpaid Tax

Select the relevant Accounting Date for which the member tax is payable by double clicking on the view hyperlink. A list of members and amounts to which the total amount has been accrued is displayed. The “Include” option allows for several transactions to be included in the eft upload file. i.e., tick the “Include” option to select member tax payments to be consolidated.

Click the “EFT” button to proceed with the electronic transfer.

Batch Editor

Confirm that all details are recorded correctly. Remember the Effective Date is the actual date of transaction whilst Date 1 is the 1st day of the month in which the SARS transactions are applicable.

IMPORTANT NOTE

The Effective Date can be changed but Date 1 CANNOT be changed.

Click the “Execute” button.

A communication document is generated reflecting the transaction and the amount is entered into the EFT Management System for transfer via the electronic banking.

Example:

Disclaimer and Copyright

DISCLAIMER

Please note, whilst care is taken to illustrate numerous scenarios, it is impossible to detail all instances and therefore this document should merely serve as a guide for the purposes of demonstrating system functionality and conducting employee training.

In accordance with the above paragraph, this training manual is published and distributed on the basis that EBSphere (Pty) Ltd is not responsible/accountable for any actions taken by users of information contained in this training manual nor for any error in or omission from this manual.

EBSphere (Pty) Ltd does not accept any responsibility whatsoever for a misrepresentation performed by any person in respect of claims, losses or damage or any other matter, either direct or consequential arising out of or in relation to the use and reliance, whether wholly or partially, upon any information contained or products referred to in this manual.

Further, the contents of this training manual are subject to change without any notice and further highlight the need for this training manual to serve only as a guide.

COPYRIGHT

This documentation and the software described in it is the exclusive property of EBSphere (Pty) Ltd. This manual or the software may not be copied in whole or part, without the express written consent of EBSphere (Pty) Ltd. Under the law, copying includes translating into another language or format.

EBSphere (Pty) Limited

P.O. Box 785803

Sandton

2146