Changes for page Section 14 transfer

Last modified by Megan Kahl on 2022/08/03 09:03
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From version < 80.1 >
edited by Megan Kahl
on 2021/10/04 06:24
To version < 62.1 >
edited by Megan Kahl
on 2021/10/01 12:17
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1 -(% style="text-align: center;" %)
2 -= (% style="color:#2980b9; font-size:28px" %)**Section 14 Transfer Process**(%%) =
1 +**DISCLAIMER**
3 3  
3 +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.
4 4  
5 +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.
5 5  
7 +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.
6 6  
7 -(% style="text-align: center;" %)
8 -(% style="color:#2980b9" %)**BY**
9 +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.
9 9  
10 10  
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12 12  
13 -(% style="text-align:center" %)
14 -[[image:Section 14 Transfer Process_html_8cba33b1e8c9fa24.gif||height="128" width="463"]]
15 15  
16 -{{info}}
17 -(% style="text-align: center;" %)
18 -(% style="color:#2980b9; font-size:20px" %)**TABLE OF CONTENTS**
19 19  
20 20  
21 -{{toc/}}
22 22  
23 -
24 -{{/info}}
18 +**COPYRIGHT**
25 25  
20 +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.
26 26  
22 +EBSphere (Pty) Limited
27 27  
28 -(% style="text-align: center;" %)
29 -== (% style="color:#2980b9" %)**Introduction**(%%) ==
24 +P.O. Box 785803
30 30  
26 +Sandton
31 31  
28 +2146
32 32  
30 +
31 +
32 +[[image:Section 14 Transfer Process_html_8cba33b1e8c9fa24.gif||height="96" width="344"]] [[image:Section 14 Transfer Process_html_857ba1e075348553.png||height="13" width="656"]]\\
33 +
34 +[[image:Section 14 Transfer Process_html_857ba1e075348553.png||height="12" width="594"]] //Introduction//
35 +
33 33  When processing a section 14 transfer out of Everest various factors need to be considered before commencing on the system.
34 34  
35 35  1. Is the section 14 transfer for an individual member?
... ... @@ -40,183 +40,199 @@
40 40  
41 41  
42 42  
43 -(% style="text-align: center;" %)
44 -== (% style="color:#2980b9" %)**Section 14 Process for an Individual Member**(%%) ==
45 45  
46 46  
47 47  
48 -(% style="color:#2980b9" %)**Section 14 where the member is invested in a Managed Fund**
49 49  
50 -Generate a Member Statement and ensure that all transactions have been completed and priced. Exit the member using the standard Member Exit Batch. Ensure that the workflow process is completed in full. The Disinvestment Process, which is part of the workflow MUST be done to ensure that the investable portion is moved to Bank for payment. Tax must be applied for on all Section 14 Transfers, in line with SARS’ rules. Payment is then made to the receiving Fund.
51 51  
52 52  
53 -(% style="color:#2980b9" %)**Section 14 where the member is invested in a Unitized Fund**
54 54  
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83 +
84 +[[image:Section 14 Transfer Process_html_857ba1e075348553.png||height="12" width="594"]] //Section 14 Process for an Individual Member//
85 +
86 +Section 14 where the member is invested in a Managed Fund
87 +
88 +Generate a Member Statement and ensure that all transactions have been completed and priced. Exit the member using the standard Member Exit Batch. Ensure that the workflow process is completed in full. The Disinvestment Process, which is part of the workflow MUST be done to ensure that the investable portion is moved to Bank for payment. Tax must be applied for on all Section 14 Transfers, in line with SARS’ rules. Payment is then made to the receiving Fund.
89 +
90 +Section 14 where the member is invested in a Unitized Fund
91 +
55 55  Generate a Member Statement and ensure that all transactions have been completed and priced. Exit the member using the standard Member Exit Batch. Ensure that the workflow process is completed in full. The Disinvestment Process, which is part of the workflow MUST be done to ensure that the investable portion is moved to Bank for payment. Execute the transaction in Market and ensure that the transaction is priced before continuing. Tax must be applied for on all Section 14 Transfers, in line with SARS’ rules. Payment is then made to the receiving Fund.
56 56  
57 57  
58 58  
59 -(% style="text-align: center;" %)
60 -== (% style="color:#2980b9" %)**Bulk Section 14 Process**(%%) ==
61 61  
62 62  
63 63  
64 -(% style="color:#2980b9" %)**Bulk Section 14 where the member is invested in a Managed Fund**
65 65  
66 -* Generate a few Member Statements and ensure that all transactions have been completed and priced.
67 -* Check that there are no Outstanding Contributions.
68 -* Ensure that the banking details of the receiving Fund has been loaded in the (% style="color:#2980b9" %)Administration > Financial Settings > System Bank Accounts > Transfer Funds (Bank Account Type)(%%) screen. Should the user not have access to this screen ensure that someone who does have access loads the banking details before commencing the process.
69 69  
70 70  
71 -Select and generate the(% style="color:#2980b9" %) “**Client Member Investment Product”** (%%)batch.
72 72  
73 -Effective Date: (% style="color:#2980b9" %)Today’s date.
74 74  
75 -Click on (% style="color:#2980b9" %)“**Save**” (%%)and (% style="color:#2980b9" %)“**Execute**”.
76 76  
77 77  
78 -(% style="text-align:center" %)
79 -[[image:1633327074202-714.png]]
80 80  
81 81  
82 -A report will generate reflecting the member’s current Fund Credit.
83 83  
84 84  
85 -(% style="text-align:center" %)
86 -[[image:1633327282743-140.png]]
87 87  
88 88  
89 -Using the (% style="color:#2980b9" %)**Import Unclaimed Benefit Template**(%%), create a file for import. This template will process the member’s exits in Bulk and write up the payment to be paid into the transferring Fund.
90 90  
91 91  
92 -​​​​​​​
93 93  
94 -(% style="text-align:center" %)
95 -[[image:1633327441733-379.png]]
96 96  
97 97  
98 -Critical fields that must be considered are:
99 99  
100 100  
101 -(% style="color:#2980b9" %)**System Number**(%%) This is the unique Everest generated number.
102 102  
103 -(% style="color:#2980b9" %)**Exit Type**(%%)** **The Exit type is depicted as a number that must be copied from the Key to ensure that the correct exit type is used.
104 104  
105 -(% style="color:#2980b9" %)**ID Number **(%%)Member’s Identity number.
106 106  
107 -(% style="color:#2980b9" %)**Tax Ref No**(%%) Member’s tax reference number.
122 +[[image:Section 14 Transfer Process_html_857ba1e075348553.png||height="12" width="594"]] //Bulk Section 14 Process//
108 108  
109 -(% style="color:#2980b9" %)**DOX **(%%)Date of exit, this is the Section 14 date.
110 110  
111 -(% style="color:#2980b9" %)**Gross Benefit **(%%)This is the Rand Amount of the member’s benefit to be transferred, if its not 100% of the members benefit. Leave blank if the full benefit is to be transferred
125 +Bulk Section 14 where the member is invested in a Managed Fund
112 112  
113 -(% style="color:#2980b9" %)**Tax Upload Group **(%%)Set a tax group name, for example 22042020 (date of tax application)
127 +* Generate a few Member Statements and ensure that all transactions have been completed and priced. Check that there are no Outstanding Contributions.
128 +* that the banking details of the receiving Fund has been loaded in the Administration > Financial Settings > System Bank Accounts > Transfer Funds (Bank Account Type) screen. Should the user not have access to this screen ensure that someone who does have access loads the banking details before commencing the process.
114 114  
115 -(% style="color:#2980b9" %)**Effective Date**(%%) This is the Section 14 Date.
130 +Select and generate the “**Client Member Investment Product”** batch.
116 116  
117 -(% style="color:#2980b9" %)**Transfer**(%%) Always set this to Y
132 +Effective Date: Today’s date.
118 118  
119 -(% style="color:#2980b9" %)**Transfer Fund Type**(%%) This is the transfer fund type of the receiving Fund. This needs to match the System Bank Accounts screen exactly.
134 +Click on “**Save**” and “**Execute**”.
120 120  
121 -(% style="color:#2980b9" %)**Transfer Fund Name**(%%) This is the name of the receiving Fund. This needs to match the System Bank Accounts screen exactly.
136 +[[image:Section 14 Transfer Process_html_c72b9ed75dcebe90.png||height="375" width="596"]]
122 122  
123 -(% style="color:#2980b9" %)**FSB Transfer Fund No **(%%)This is the FSB number of the receiving fund and must match the System bank account screen exactly.
124 124  
125 -(% style="color:#2980b9" %)**Transfer Participating**(%%) This is only required if the last 6 digits of the FSB
126 126  
127 -(% style="color:#2980b9" %)**Employer**(%%) Transfer number does not end in zeros (0)
140 +A report will generate reflecting the member’s current Fund Credit.
128 128  
142 +[[image:Section 14 Transfer Process_html_8541d28b1417b9c.gif||alt="Shape4"]] [[image:Section 14 Transfer Process_html_7e29ef10d964b47f.gif||alt="Shape3"]] [[image:Section 14 Transfer Process_html_c649388b137190ca.gif||alt="Shape2"]] [[image:Section 14 Transfer Process_html_3930484e7184c6de.gif||alt="Shape1"]] [[image:Section 14 Transfer Process_html_3d86ffcc6981f295.png||height="227" width="596"]]
129 129  
130 -Once the file has been updated, save the file for import into the system.
144 +Using the **Import Unclaimed Benefit Template**, create a file for import. This template will process the member’s exits in Bulk and write up the payment to be paid into the transferring Fund.
131 131  
132 -Select and generate the (% style="color:#2980b9" %)“**Import Unclaimed Benefits**”(%%) batch.
146 +[[image:Section 14 Transfer Process_html_24594eb853258361.gif||alt="Shape8"]] [[image:Section 14 Transfer Process_html_70f18afe2e169708.gif||alt="Shape7"]] [[image:Section 14 Transfer Process_html_70f18afe2e169708.gif||alt="Shape6"]] [[image:Section 14 Transfer Process_html_24594eb853258361.gif||alt="Shape5"]] [[image:Section 14 Transfer Process_html_edac83519c80620f.png||height="88" width="596"]]
133 133  
148 +Critical fields that must be considered are:
134 134  
135 -(% style="text-align:center" %)
136 -[[image:1633327705654-665.png]]
150 +System Number This is the unique Everest generated number.
137 137  
152 +Exit Type The Exit type is depicted as a number that must be copied from the Key to ensure that the correct exit type is used.
138 138  
139 -(% style="color:#2980b9" %)**Client **(%%)This is the Client for which the Section 14 is being processed.
154 +ID Number Member’s Identity number.
140 140  
141 -(% style="color:#2980b9" %)**File Name**(%%) Click on the (% style="color:#2980b9" %)“**Browse**”(%%) button and locate the saved file.
156 +Tax Ref No Member’s tax reference number.
142 142  
143 -(% style="color:#2980b9" %)**Batch Reference**(%%) This is defaulted by the system.
158 +DOX Date of exit, this is the Section 14 date.
144 144  
145 -(% style="color:#2980b9" %)**Client Parent **(%%)This is the Parent that the client belongs to.
160 +Gross Benefit This is the Rand Amount of the member’s benefit to be transferred, if its not 100% of the members benefit. Leave blank if the full benefit is to be transferred
146 146  
162 +Tax Upload Group Set a tax group name, for example 22042020 (date of tax application)
147 147  
148 -Click on the (% style="color:#2980b9" %)“**Save**”(%%) and (% style="color:#2980b9" %)“**Execute**” (%%)button.
164 +Effective Date This is the Section 14 Date.
149 149  
150 -Two reports will generate. The first being confirmation of the fields that were required and what was supplied to generate the report.
166 +Transfer Always set this to Y
151 151  
168 +Transfer Fund Type This is the transfer fund type of the receiving Fund. This needs to match the System Bank Accounts screen exactly.
152 152  
153 -The second report will confirm if the import was successful or not. If the import was not successful, the errors will need to be rectified before the import is run again. The(% style="color:#e74c3c" %) batch ref number(%%) of the successful import, as highlighted below, (% style="color:#2980b9" %)**must**(%%)** **be kept as it will be used later in the process.
170 +Transfer Fund Name This is the name of the receiving Fund. This needs to match the System Bank Accounts screen exactly.
154 154  
155 -​​​​​​​
172 +FSB Transfer Fund No This is the FSB number of the receiving fund and must match the System bank account screen exactly.
156 156  
174 +Transfer Participating This is only required if the last 6 digits of the FSB
157 157  
158 -(% style="text-align:center" %)
159 -[[image:1633327962522-699.png]]
176 +Employer Transfer number does not end in zeros (0)
160 160  
178 +Once the file has been updated, save the file for import into the system.
161 161  
180 +Select and generate the “**Import Unclaimed Benefits**” batch.
162 162  
163 -The tax information will be populated with the transfer details contained in the file and under System Bank Accounts. The tax application will need to be submitted to SARS and a response is required before processing with payment.
182 +[[image:Section 14 Transfer Process_html_dc98d67779e486b2.gif||alt="Shape9"]] [[image:Section 14 Transfer Process_html_41e229bc4d6e5f9.png||height="355" width="596"]]
164 164  
165 -The member records now appear in (% style="color:#e74c3c" %)RED(%%) with an exit date and an exit type.
184 +Client This is the Client for which the Section 14 is being processed.
166 166  
167 -​​​​​​​
186 +File Name Click on the “**Browse**” button and locate the saved file.
168 168  
169 -(% style="text-align:center" %)
170 -[[image:1633328086509-533.png]]
188 +Batch Reference This is defaulted by the system.
171 171  
190 +Client Parent This is the Parent that the client belongs to.
172 172  
173 -Once the tax response is received, the “Import Unclaimed Benefits – Creditor Payment” batch needs to be run.
192 +Click on the “**Save**” and “**Execute**” button.
174 174  
175 -Insert the (% style="color:#e74c3c" %)Batch Ref Number (%%)from your first import, that was done previously, into this Batch Ref field.
194 +Two reports will generate. The first being confirmation of the fields that were required and what was supplied to generate the report.
176 176  
177 -The Administrator Bank field is the name of the creditor being paid that has been set up under System Bank Accounts (Transfer Funds).
178 178  
179 -A report will generate confirming which benefits have been populated for payment. Only benefits where tax has been received back will be populated. The report will clearly highlight which members are ready for payment and which are not.
197 +The second report will confirm if the import was successful or not. If the import was not successful, the errors will need to be rectified before the import is run again. The batch number of the successful import, as highlighted below, **must **be kept as it will be used later in the process.
180 180  
181 -​​​​​​​
199 +[[image:Section 14 Transfer Process_html_3c44cb464ba230ec.gif||alt="Shape10"]]\\
182 182  
183 -(% style="text-align:center" %)
184 -[[image:1633328312880-362.png]]
201 +[[image:Section 14 Transfer Process_html_77654b27a44142c7.gif||alt="Shape15"]] [[image:Section 14 Transfer Process_html_31dc894b565ac890.gif||alt="Shape13"]] [[image:Section 14 Transfer Process_html_3738ae3fed0e23ba.gif||alt="Shape14"]] [[image:Section 14 Transfer Process_html_cbea286eac588052.gif||alt="Shape12"]] [[image:Section 14 Transfer Process_html_ae20d586e83cea70.gif||alt="Shape11"]] [[image:Section 14 Transfer Process_html_f9794f129d0f132d.png||height="263" width="589"]]
185 185  
186 186  
187 -Click on the (% style="color:#2980b9" %)__**cflo**__(%%) button on the member record. A line would have been created for payment.
204 +The tax information will be populated with the transfer details contained in the file and under System Bank Accounts. The tax application will need to be submitted to SARS and a response is required before processing with payment.
188 188  
206 +The member records now appear in RED with an exit date and an exit type.
189 189  
190 -​​​​​​​​​​​​​​
208 +[[image:Section 14 Transfer Process_html_a999f86cd16a1f7.gif||alt="Shape17"]] [[image:Section 14 Transfer Process_html_a999f86cd16a1f7.gif||alt="Shape16"]] [[image:Section 14 Transfer Process_html_6e379d9d97fe9faf.png||height="29" width="596"]]
191 191  
192 -(% style="text-align:center" %)
193 -[[image:1633328484167-380.png]]
194 194  
211 +Once the tax response is received, the “Import Unclaimed Benefits – Creditor Payment” batch needs to be run.
195 195  
196 -The payment can now be made in Bulk at the Parent Level.
213 +Insert the Batch Number from your first import, that was done previously, into this Batch Ref field.
197 197  
198 -Go to (% style="color:#2980b9" %)Accounts > Debtors and Creditors Menu (%%)item.
215 +The Administrator Bank field is the name of the creditor being paid that has been set up under System Bank Accounts (Transfer Funds).
199 199  
200 -Select (% style="color:#2980b9" %)“**Creditors**”(%%). A creditor payment reflects in the Creditor Payment.
217 +A report will generate confirming which benefits have been populated for payment. Only benefits where tax has been received back will be populated. The report will clearly highlight which members are ready for payment and which are not.
201 201  
219 +[[image:Section 14 Transfer Process_html_a8fc749ec192db6e.gif||alt="Shape25"]] [[image:Section 14 Transfer Process_html_dfade64b5ed09c55.gif||alt="Shape20"]] [[image:Section 14 Transfer Process_html_89671654314bcf74.gif||alt="Shape21"]] [[image:Section 14 Transfer Process_html_60105f24eeeba985.gif||alt="Shape22"]] [[image:Section 14 Transfer Process_html_f0277650d9cfff17.gif||alt="Shape24"]] [[image:Section 14 Transfer Process_html_c1173cfa9620e590.gif||alt="Shape18"]] [[image:Section 14 Transfer Process_html_acca890ac713bf79.gif||alt="Shape28"]] [[image:Section 14 Transfer Process_html_a5ef2601c5b72efd.gif||alt="Shape27"]] [[image:Section 14 Transfer Process_html_2a3fc378d55c1861.gif||alt="Shape26"]] [[image:Section 14 Transfer Process_html_ad0adb617a1f7835.gif||alt="Shape23"]] [[image:Section 14 Transfer Process_html_dfade64b5ed09c55.gif||alt="Shape19"]] [[image:Section 14 Transfer Process_html_5249ecf812b94fa3.png||height="211" width="571"]]
202 202  
221 +Click on the __**cflo**__ button on the member record. A line would have been created for payment.
203 203  
204 -(% style="text-align:center" %)
205 -[[image:1633328582529-671.png]]
223 +[[image:Section 14 Transfer Process_html_177aa0d23e5492f5.gif||alt="Shape34"]] [[image:Section 14 Transfer Process_html_2e9f9f850619a51b.gif||alt="Shape33"]] [[image:Section 14 Transfer Process_html_177aa0d23e5492f5.gif||alt="Shape32"]] [[image:Section 14 Transfer Process_html_177aa0d23e5492f5.gif||alt="Shape31"]] [[image:Section 14 Transfer Process_html_177aa0d23e5492f5.gif||alt="Shape30"]] [[image:Section 14 Transfer Process_html_177aa0d23e5492f5.gif||alt="Shape29"]] [[image:Section 14 Transfer Process_html_732d6e4bdfdf6c4d.png||height="162" width="596"]]
206 206  
225 +The payment can now be made in Bulk at the Parent Level. Go to Accounts > Debtors and Creditors Menu item. Select “**Creditors**”. A creditor payment reflects in the Creditor Payment.
207 207  
208 -[[image:Section 14 Transfer Process_html_2541c1ea5f14a2ee.png||height="92" width="596"]]
227 +[[image:Section 14 Transfer Process_html_490a447ca6d370f3.gif||alt="Shape35"]] [[image:Section 14 Transfer Process_html_53a634c37cdda971.png||height="118" width="318"]]
209 209  
210 210  
230 +[[image:Section 14 Transfer Process_html_2541c1ea5f14a2ee.png||height="92" width="596"]]
231 +
211 211  Select __eft__ hyperlink and a batch editor screen will open to generate the Payment.
212 212  
213 -
214 214  [[image:Section 14 Transfer Process_html_6fb6bea9bace00ee.gif||alt="Shape36"]] [[image:Section 14 Transfer Process_html_bef0d58a1354411a.png||height="156" width="596"]]
215 215  
236 +{{id name="_Hlk38464577"/}}The payment can be approved on the Payment Management screen as a bulk payment. The process has been completed and the necessary payment records have been created.
216 216  
217 -The payment can be approved on the Payment Management screen as a bulk payment. The process has been completed and the necessary payment records have been created.
218 218  
219 -
220 220  Bulk Section 14 where the member is invested in a Unitised Fund
221 221  
222 222  1. Generate a few Member Statements and ensure that all transactions have been completed and priced. Also ensure there are no Outstanding Contributions.
... ... @@ -224,25 +224,18 @@
224 224  
225 225  Ensure that the client has been selected. Go to the Accounts – Investment Switch Menu option and create the switch, moving 100% of the member’s Fund Credit into the bank account.
226 226  
227 -
228 228  [[image:Section 14 Transfer Process_html_c9a8f5eb63e4ea98.gif||alt="Shape38"]] [[image:Section 14 Transfer Process_html_8dd7da9fee6333c0.gif||alt="Shape37"]] [[image:Section 14 Transfer Process_html_914ecb34dc025696.png||height="77" width="596"]]
229 229  
230 -
231 231  The system has the option to import the member switch as well. Should only a select number of members be transferring out, the preferred option would be to complete the **“Investment Switches Import”** template and import the members for switching.
232 232  
233 -
234 234  [[image:Section 14 Transfer Process_html_cdc9ae73d6e83c03.png||height="90" width="596"]]
235 235  
236 -
237 237  Please refer to the **Investment Switches** guide for the full process to be followed.
238 238  
239 -
240 240  Once the switch has been generated (as per the Investment Switches guide), go to Accounts > Cashflow Unit Prices screen at a Parent level to obtain the number of units that must be disinvested from the market.
241 241  
242 -
243 243  [[image:Section 14 Transfer Process_html_5db01f746f85e705.gif||alt="Shape39"]] [[image:Section 14 Transfer Process_html_6b3e5fe8042b37fa.png||height="56" width="596"]]
244 244  
245 -
246 246  Only once the disinvestment process has been finalised in full can the user continue with the process.
247 247  
248 248  
... ... @@ -252,27 +252,22 @@
252 252  
253 253  Click on “**Save**” and “**Execute**”.
254 254  
255 -
256 256  [[image:Section 14 Transfer Process_html_5a5c356aa4481b66.png||height="138" width="596"]]
257 257  
258 258  A report will generate reflecting the member’s current Fund Credit.
259 259  
260 -
261 261  [[image:Section 14 Transfer Process_html_dd6bb0d4aadcc1e.gif||alt="Shape45"]] [[image:Section 14 Transfer Process_html_44a69186be2f911d.gif||alt="Shape44"]] [[image:Section 14 Transfer Process_html_795b2fe118f74f90.gif||alt="Shape43"]] [[image:Section 14 Transfer Process_html_54c95dec8ba71eb7.gif||alt="Shape42"]] [[image:Section 14 Transfer Process_html_54c95dec8ba71eb7.gif||alt="Shape41"]] [[image:Section 14 Transfer Process_html_54c95dec8ba71eb7.gif||alt="Shape40"]] [[image:Section 14 Transfer Process_html_3d86ffcc6981f295.png||height="227" width="596"]]
262 262  
263 263  
264 264  
265 -
266 266  Using the **Import Unclaimed Benefit Template, **create a file for import. This template will process the member’s exits in Bulk and write up the payment to be paid into the transferring Fund.
267 267  
268 -
269 269  [[image:Section 14 Transfer Process_html_b7c60dcb38cb3d0d.gif||alt="Shape49"]] [[image:Section 14 Transfer Process_html_b7c60dcb38cb3d0d.gif||alt="Shape48"]] [[image:Section 14 Transfer Process_html_89b2a307c6818d88.gif||alt="Shape47"]] [[image:Section 14 Transfer Process_html_89b2a307c6818d88.gif||alt="Shape46"]] [[image:Section 14 Transfer Process_html_edac83519c80620f.png||height="88" width="596"]]
270 270  
271 -
272 272  Critical fields that must be considered are:
273 273  
281 +{{id name="_Hlk38437145"/}}\\
274 274  
275 -
276 276  System Number This is the unique Everest generated number.
277 277  
278 278  Exit Type The Exit type is depicted as a number that must be copied from the Key to ensure that the correct exit type is used.
... ... @@ -306,10 +306,8 @@
306 306  
307 307  Select and generate the “**Import Unclaimed Benefits**” batch.
308 308  
309 -
310 310  [[image:Section 14 Transfer Process_html_31273b549dc2bb7f.gif||alt="Shape50"]] [[image:Section 14 Transfer Process_html_41e229bc4d6e5f9.png||height="355" width="596"]]
311 311  
312 -
313 313  Client This is the Client for which the Section 14 is being processed.
314 314  
315 315  File Name Click on the “**Browse**” button and locate the saved file.
... ... @@ -323,24 +323,19 @@
323 323  Two reports will generate. The first being confirmation of the fields that were required and what was supplied to generate the report.
324 324  
325 325  
326 -
327 327  The second report will confirm if the import was successful or not. If the import was not successful, the errors will need to be rectified before the import is run again. The batch number of the successful import, as highlighted below, **must** be kept as it will be used later in the process.
328 328  
333 +[[image:Section 14 Transfer Process_html_7c90677e5d7d8644.gif||alt="Shape51"]]\\
329 329  
330 -[[image:Section 14 Transfer Process_html_7c90677e5d7d8644.gif||alt="Shape51"]]
331 -
332 332  [[image:Section 14 Transfer Process_html_72d505212098e4a4.gif||alt="Shape56"]] [[image:Section 14 Transfer Process_html_72d505212098e4a4.gif||alt="Shape55"]] [[image:Section 14 Transfer Process_html_7b5731133d009589.gif||alt="Shape54"]] [[image:Section 14 Transfer Process_html_f70533c7086bc698.gif||alt="Shape53"]] [[image:Section 14 Transfer Process_html_65c2790631bf45f.gif||alt="Shape52"]] [[image:Section 14 Transfer Process_html_f9794f129d0f132d.png||height="263" width="589"]]
333 333  
334 334  
335 -
336 336  The tax information will be populated along with the transfer details contained in the file and under System Bank Accounts. The tax application will need to be submitted to SARS and a response is required before processing with payment.
337 337  
338 338  The member records now appear in RED with an exit date and an exit type.
339 339  
340 -
341 341  [[image:Section 14 Transfer Process_html_f70533c7086bc698.gif||alt="Shape57"]] [[image:Section 14 Transfer Process_html_6e379d9d97fe9faf.png||height="29" width="596"]]
342 342  
343 -
344 344  Once the tax response is received, the “**Import Unclaimed Benefits – Creditor Payment**” batch needs to be run.
345 345  
346 346  Insert the Batch Number from your import, that was done previously, into this Batch Ref field.
... ... @@ -351,61 +351,18 @@
351 351  
352 352  Click on the __cflo__ button on the member record. A line would have been created for payment.
353 353  
354 -
355 355  [[image:Section 14 Transfer Process_html_2a9cb94c0f4c405d.gif||alt="Shape63"]] [[image:Section 14 Transfer Process_html_2a9cb94c0f4c405d.gif||alt="Shape62"]] [[image:Section 14 Transfer Process_html_2a9cb94c0f4c405d.gif||alt="Shape61"]] [[image:Section 14 Transfer Process_html_2a9cb94c0f4c405d.gif||alt="Shape60"]] [[image:Section 14 Transfer Process_html_2a9cb94c0f4c405d.gif||alt="Shape58"]] [[image:Section 14 Transfer Process_html_2a9cb94c0f4c405d.gif||alt="Shape59"]] [[image:Section 14 Transfer Process_html_732d6e4bdfdf6c4d.png||height="162" width="596"]]
356 356  
357 -
358 358  The payment can now be made in Bulk at the Parent Level. Go to Accounts > Debtors and Creditors Menu item. Select “Creditors”. A creditor payment reflects in the Creditor Payment.
359 359  
360 -
361 361  [[image:Section 14 Transfer Process_html_fdf87a27103cb999.gif||alt="Shape64"]] [[image:Section 14 Transfer Process_html_53a634c37cdda971.png||height="118" width="318"]]
362 362  
363 363  [[image:Section 14 Transfer Process_html_2541c1ea5f14a2ee.png||height="92" width="596"]]
364 364  
365 365  
366 -
367 367  Select __eft__ hyperlink and a batch editor screen will open to generate the Payment.
368 368  
369 -
370 370  [[image:Section 14 Transfer Process_html_f7922830ceb22f0e.gif||alt="Shape65"]] [[image:Section 14 Transfer Process_html_bef0d58a1354411a.png||height="156" width="596"]]
371 371  
372 -
373 373  The payment can be approved on the Payment Management screen as a bulk payment. The process has been completed and the necessary payment records have been created.
374 374  
375 -
376 -
377 -
378 -(% style="text-align: center;" %)
379 -== (% style="color:#2980b9" %)**Disclaimer and Copyright**(%%) ==
380 -
381 -
382 -
383 -
384 -(% style="color:#2980b9" %)**DISCLAIMER**
385 -
386 -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.
387 -
388 -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.
389 -
390 -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.
391 -
392 -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.
393 -
394 -
395 -
396 -(% style="color:#2980b9" %)**COPYRIGHT**
397 -
398 -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.
399 -
400 -EBSphere (Pty) Limited
401 -
402 -P.O. Box 785803
403 -
404 -Sandton
405 -
406 -2146
407 -
408 -
409 -
410 -(% style="text-align:center" %)
411 -[[image:Section 14 Transfer Process_html_8cba33b1e8c9fa24.gif||height="128" width="463"]]
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