Changes for page Section 14 transfer

Last modified by Megan Kahl on 2022/08/03 09:03
<
From version < 85.1 >
edited by Megan Kahl
on 2021/10/04 06:31
To version < 101.1
edited by Megan Kahl
on 2022/08/03 09:03
Change comment: There is no comment for this version

Summary

Details

Page properties
Content
... ... @@ -1,5 +1,5 @@
1 -(% style="text-align: center;" %)
2 -= (% style="color:#2980b9; font-size:28px" %)**SECTION 14 TRANSFER PROCESS **(%%) =
1 +(% class="wikigeneratedid" id="HSECTION14TRANSFERPROCESS" style="text-align: center;" %)
2 +(% style="color:#2980b9; font-size:28px" %)**SECTION 14 TRANSFER PROCESS **
3 3  
4 4  
5 5  
... ... @@ -11,10 +11,10 @@
11 11  
12 12  
13 13  (% style="text-align:center" %)
14 -[[image:Section 14 Transfer Process_html_8cba33b1e8c9fa24.gif||height="128" width="463"]]
14 +[[image:Section 14 Transfer Process_html_8cba33b1e8c9fa24.gif||data-xwiki-image-style-alignment="center" height="128" width="463"]]
15 15  
16 16  {{info}}
17 -(% style="text-align: center;" %)
17 +(% style="break-before: page; text-align: center;" %)
18 18  (% style="color:#2980b9; font-size:20px" %)**TABLE OF CONTENTS**
19 19  
20 20  
... ... @@ -25,8 +25,8 @@
25 25  
26 26  
27 27  
28 -(% style="text-align: center;" %)
29 -== (% style="color:#2980b9" %)**Introduction**(%%) ==
28 +(% style="break-before: page; text-align: center;" %)
29 += (% style="color:#2980b9" %)**Introduction**(%%) =
30 30  
31 31  
32 32  
... ... @@ -40,32 +40,31 @@
40 40  
41 41  
42 42  
43 -(% style="text-align: center;" %)
44 -== (% style="color:#2980b9" %)**Section 14 Process for an Individual Member**(%%) ==
43 +(% style="break-before: page; 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**
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.
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**
53 +== (% style="color:#2980b9" %)**Section 14 where the member is invested in a Unitized Fund**(%%) ==
54 54  
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.
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**(%%) ==
59 +(% style="break-before: page; 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**
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.
66 +* Generate a few Member Statements and ensure that all transactions have been completed and priced. Check that there are no Outstanding Contributions.
67 +* 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  Select and generate the(% style="color:#2980b9" %) “**Client Member Investment Product”** (%%)batch.
71 71  
... ... @@ -75,56 +75,52 @@
75 75  
76 76  
77 77  (% style="text-align:center" %)
78 -[[image:1633327074202-714.png]]
77 +[[image:1633327074202-714.png||data-xwiki-image-style-alignment="center"]]
79 79  
80 -
79 +(% style="break-before: page" %)
81 81  A report will generate reflecting the member’s current Fund Credit.
82 82  
83 83  
84 84  (% style="text-align:center" %)
85 -[[image:1633327282743-140.png]]
84 +[[image:1633327282743-140.png||data-xwiki-image-style-alignment="center"]]
86 86  
87 87  
88 88  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.
89 89  
90 90  
91 -
92 92  (% style="text-align:center" %)
93 -[[image:1633327441733-379.png]]
91 +[[image:1633327441733-379.png||data-xwiki-image-style-alignment="center"]]
94 94  
95 95  
96 96  Critical fields that must be considered are:
97 97  
96 +(% style="color:#2980b9" %)**System Number  **(%%) This is the unique Everest generated number.
98 98  
99 -(% style="color:#2980b9" %)**System Number**(%%) This is the unique Everest generated number.
98 +(% 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.
100 100  
101 -(% 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.
100 +(% style="color:#2980b9" %)**ID Number**(%%)  Member’s Identity number.
102 102  
103 -(% style="color:#2980b9" %)**ID Number **(%%)Member’s Identity number.
102 +(% style="color:#2980b9" %)**Tax Ref No**(%%)  Member’s tax reference number.
104 104  
105 -(% style="color:#2980b9" %)**Tax Ref No**(%%) Member’s tax reference number.
104 +(% style="color:#2980b9" %)**DOX  **(%%) Date of exit, this is the Section 14 date.
106 106  
107 -(% style="color:#2980b9" %)**DOX **(%%)Date of exit, this is the Section 14 date.
106 +(% 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
108 108  
109 -(% 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
108 +(% style="color:#2980b9" %)**Tax Upload Group**(%%)  Set a tax group name, for example 22042020 (date of tax application)
110 110  
111 -(% style="color:#2980b9" %)**Tax Upload Group **(%%)Set a tax group name, for example 22042020 (date of tax application)
110 +(% style="color:#2980b9" %)**Effective Date **(%%) This is the Section 14 Date.
112 112  
113 -(% style="color:#2980b9" %)**Effective Date**(%%) This is the Section 14 Date.
112 +(% style="color:#2980b9" %)**Transfer **(%%) Always set this to Y
114 114  
115 -(% style="color:#2980b9" %)**Transfer**(%%) Always set this to Y
114 +(% 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.
116 116  
117 -(% 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.
116 +(% style="color:#2980b9" %)**Transfer Fund Name**(%%)  This is the name of the receiving Fund. This needs to match the System Bank Accounts screen exactly.
118 118  
119 -(% style="color:#2980b9" %)**Transfer Fund Name**(%%) This is the name of the receiving Fund. This needs to match the System Bank Accounts screen exactly.
118 +(% 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.
120 120  
121 -(% 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.
120 +(% style="color:#2980b9" %)**Transfer Participating Employer  **(%%) This is only required if the last 6 digits of the FSB Transfer number(% style="color:#2980b9" %)** **(%%)does not end in zeros (0)
122 122  
123 -(% style="color:#2980b9" %)**Transfer Participating**(%%) This is only required if the last 6 digits of the FSB
124 124  
125 -(% style="color:#2980b9" %)**Employer**(%%) Transfer number does not end in zeros (0)
126 -
127 -
128 128  Once the file has been updated, save the file for import into the system.
129 129  
130 130  Select and generate the (% style="color:#2980b9" %)“**Import Unclaimed Benefits**”(%%) batch.
... ... @@ -131,16 +131,16 @@
131 131  
132 132  
133 133  (% style="text-align:center" %)
134 -[[image:1633327705654-665.png]]
129 +[[image:1633327705654-665.png||data-xwiki-image-style-alignment="center"]]
135 135  
136 136  
137 -(% style="color:#2980b9" %)**Client **(%%)This is the Client for which the Section 14 is being processed.
132 +(% style="color:#2980b9" %)**Client  **(%%) This is the Client for which the Section 14 is being processed.
138 138  
139 -(% style="color:#2980b9" %)**File Name**(%%) Click on the (% style="color:#2980b9" %)“**Browse**”(%%) button and locate the saved file.
134 +(% style="color:#2980b9" %)**File Name**(%%)  Click on the (% style="color:#2980b9" %)“**Browse**” (%%)button and locate the saved file.
140 140  
141 -(% style="color:#2980b9" %)**Batch Reference**(%%) This is defaulted by the system.
136 +(% style="color:#2980b9" %)**Batch Reference**(%%)  This is defaulted by the system.
142 142  
143 -(% style="color:#2980b9" %)**Client Parent **(%%)This is the Parent that the client belongs to.
138 +(% style="color:#2980b9" %)**Client Parent **(%%) This is the Parent that the client belongs to.
144 144  
145 145  
146 146  Click on the (% style="color:#2980b9" %)“**Save**”(%%) and (% style="color:#2980b9" %)“**Execute**” (%%)button.
... ... @@ -150,45 +150,38 @@
150 150  
151 151  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.
152 152  
153 -​​​​​​​
154 154  
155 -
156 156  (% style="text-align:center" %)
157 -[[image:1633327962522-699.png]]
150 +[[image:1633327962522-699.png||data-xwiki-image-style-alignment="center"]]
158 158  
159 159  
160 -
161 161  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.
162 162  
163 163  The member records now appear in (% style="color:#e74c3c" %)RED(%%) with an exit date and an exit type.
164 164  
165 -​​​​​​​
166 -
167 167  (% style="text-align:center" %)
168 -[[image:1633328086509-533.png]]
158 +[[image:1633328086509-533.png||data-xwiki-image-style-alignment="center"]]
169 169  
160 +Once the tax response is received, the (% style="color:#2980b9" %)**“Import Unclaimed Benefits – Creditor Payment” **(%%)batch needs to be run.
170 170  
171 -Once the tax response is received, the “Import Unclaimed Benefits – Creditor Payment” batch needs to be run.
172 172  
173 -Insert the (% style="color:#e74c3c" %)Batch Ref Number (%%)from your first import, that was done previously, into this Batch Ref field.
163 +Insert the (% style="color:#e74c3c" %)Batch Number(%%) from your first import, that was done previously, into this Batch Ref field.
174 174  
175 175  The Administrator Bank field is the name of the creditor being paid that has been set up under System Bank Accounts (Transfer Funds).
176 176  
177 -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.
178 178  
179 -​​​​​​​
168 +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.
180 180  
170 +
181 181  (% style="text-align:center" %)
182 -[[image:1633328312880-362.png]]
172 +[[image:1633328312880-362.png||data-xwiki-image-style-alignment="center"]]
183 183  
184 184  
185 185  Click on the (% style="color:#2980b9" %)__**cflo**__(%%) button on the member record. A line would have been created for payment.
186 186  
187 187  
188 -​​​​​​​​​​​​​​
189 -
190 190  (% style="text-align:center" %)
191 -[[image:1633328484167-380.png]]
179 +[[image:1633328484167-380.png||data-xwiki-image-style-alignment="center"]]
192 192  
193 193  
194 194  The payment can now be made in Bulk at the Parent Level.
... ... @@ -198,13 +198,12 @@
198 198  Select (% style="color:#2980b9" %)“**Creditors**”(%%). A creditor payment reflects in the Creditor Payment.
199 199  
200 200  
201 -
202 202  (% style="text-align:center" %)
203 -[[image:1633328582529-671.png]]
190 +[[image:1633328582529-671.png||data-xwiki-image-style-alignment="center" height="189" width="466"]]
204 204  
205 205  
206 206  (% style="text-align:center" %)
207 -[[image:1633328678458-232.png]]
194 +[[image:1633328678458-232.png||data-xwiki-image-style-alignment="center"]]
208 208  
209 209  
210 210  Select (% style="color:#2980b9" %)**__eft__ **(%%)hyperlink and a batch editor screen will open to generate the Payment.
... ... @@ -212,25 +212,25 @@
212 212   ​​​​
213 213  
214 214  (% style="text-align:center" %)
215 -[[image:1633328773306-793.png]]
202 +[[image:1633328773306-793.png||data-xwiki-image-style-alignment="center"]]
216 216  
217 217  
218 218  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.
219 219  
220 220  
221 -(% style="color:#2980b9" %)**Bulk Section 14 where the member is invested in a Unitised Fund**
208 +(% style="break-before: page" %)
209 +== (% style="color:#2980b9" %)**Bulk Section 14 where the member is invested in a Unitised Fund**(%%) ==
222 222  
223 223  1. Generate a few Member Statements and ensure that all transactions have been completed and priced. Also ensure there are no Outstanding Contributions.
224 -1. Ensure 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 some who does have access loads the banking details.
212 +1. 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 some who does have access loads the banking details.
225 225  
226 226  Ensure that the client has been selected.
227 227  
228 228  Go to the (% style="color:#2980b9" %)Accounts > Investment Switch Menu(%%) option and create the switch, moving 100% of the member’s Fund Credit into the bank account.
229 229  
230 -​​​​​​​
231 231  
232 232  (% style="text-align:center" %)
233 -[[image:1633328856464-285.png]]
220 +[[image:1633328856464-285.png||data-xwiki-image-style-alignment="center"]]
234 234  
235 235  
236 236  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 (% style="color:#2980b9" %)**“Investment Switches Import”** (%%)template and import the members for switching.
... ... @@ -237,7 +237,7 @@
237 237  
238 238  
239 239  (% style="text-align:center" %)
240 -[[image:1633328913530-279.png]]
227 +[[image:1633328913530-279.png||data-xwiki-image-style-alignment="center"]]
241 241  
242 242  
243 243  Please refer to the (% style="color:#2980b9" %)**Investment Switches**(%%) guide for the full process to be followed.
... ... @@ -245,16 +245,15 @@
245 245  
246 246  Once the switch has been generated (as per the Investment Switches guide), go to (% style="color:#2980b9" %)Accounts > Cashflow Unit Prices (%%)screen at a Parent level to obtain the number of units that must be disinvested from the market.
247 247  
248 - ​​​​​​​
249 249  
250 250  (% style="text-align:center" %)
251 -[[image:1633328986406-762.png]]
237 +[[image:1633328986406-762.png||data-xwiki-image-style-alignment="center"]]
252 252  
253 -
254 254  Only once the disinvestment process has been finalised in full can the user continue with the process.
255 255  
256 256  
257 -Select and generate the(% style="color:#2980b9" %) “**Client Member Investment Product**”(%%) batch, once the disinvestment has been actioned and priced.
242 +(% style="break-before: page" %)
243 +Select and generate the(% style="color:#2980b9" %) “**Client Member Investment Product**”(%%) batch, once the disinvestment has been actioned and priced.
258 258  
259 259  (% style="color:#2980b9" %)**Effective Date:**(%%) Today’s date.
260 260  
... ... @@ -261,131 +261,144 @@
261 261  Click on (% style="color:#2980b9" %)“**Save**”(%%) and (% style="color:#2980b9" %)“**Execute**”.
262 262  
263 263  
264 -[[image:Section 14 Transfer Process_html_5a5c356aa4481b66.png||height="138" width="596"]]
250 +(% style="text-align:center" %)
251 +[[image:1633330252894-988.png||data-xwiki-image-style-alignment="center"]]
265 265  
266 266  
267 267  A report will generate reflecting the member’s current Fund Credit.
268 268  
269 269  
270 -[[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"]]
257 +(% style="text-align:center" %)
258 +[[image:1633330357571-100.png||data-xwiki-image-style-alignment="center"]]
271 271  
272 272  
261 +Using the (% style="color:#2980b9" %)**Import Unclaimed Benefit Template, **(%%)create a file for import.
273 273  
263 +This template will process the member’s exits in Bulk and write up the payment to be paid into the transferring Fund.
274 274  
275 -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.
265 +​​​​​​
276 276  
267 +(% style="text-align:center" %)
268 +[[image:1633327441733-379.png||data-xwiki-image-style-alignment="center"]]
277 277  
278 -[[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"]]
279 -
280 -
270 +(% style="break-before: page" %)
281 281  Critical fields that must be considered are:
282 282  
283 283  
274 +(% style="color:#2980b9" %)**System Number  **(%%) This is the unique Everest generated number.
284 284  
285 -System Number This is the unique Everest generated number.
276 +(% 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.
286 286  
287 -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.
278 +(% style="color:#2980b9" %)**ID Number  **(%%) Members Identity number.
288 288  
289 -ID Number Members Identity number.
280 +(% style="color:#2980b9" %)**Tax Ref No  **(%%) Members tax reference number.
290 290  
291 -Tax Ref No Members tax reference number.
282 +(% style="color:#2980b9" %)**DOX **(%%) Date of exit, this is the Section 14 date.
292 292  
293 -DOX Date of exit, this is the Section 14 date.
284 +(% 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
294 294  
295 -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
286 +(% style="color:#2980b9" %)**Tax Upload Group **(%%) Set a tax group name, for example 22042020 (date of tax application)
296 296  
297 -Tax Upload Group Set a tax group name, for example 22042020 (date of tax application)
288 +(% style="color:#2980b9" %)**Effective Date   **(%%) This is the Section 14 Date.
298 298  
299 -Effective Date This is the Section 14 Date.
290 +(% style="color:#2980b9" %)**Transfer        **(%%) Always set this to Y
300 300  
301 -Transfer Always set this to Y
292 +(% 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.
302 302  
303 -Transfer Fund Type This is the transfer fund type of the receiving Fund. This needs to match the System Bank Accounts screen exactly.
294 +(% style="color:#2980b9" %)**Transfer Fund Name**(%%)  This is the name of the receiving Fund. This needs to match the System Bank Accounts screen exactly.
304 304  
305 -Transfer Fund Name This is the name of the receiving Fund. This needs to match the System Bank Accounts screen exactly.
296 +(% 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.
306 306  
307 -FSB Transfer Fund No This is the FSB number of the receiving fund and must match the System bank account screen exactly.
298 +(% style="color:#2980b9" %)**Transfer Participating Employer  **(%%) This is only required if the last 6 digits of the FSB Transfer number(% style="color:#2980b9" %)** **(%%)does not end in zeros (0)
308 308  
309 -Transfer Participating This is only required if the last 6 digits of the FSB Transfer number
310 310  
311 -Employer does not end in zeros (0)
312 -
313 -
314 314  Once the file has been updated, save the file for import into the system.
315 315  
316 -Select and generate the “**Import Unclaimed Benefits**” batch.
303 +(% style="break-before: page" %)
304 +Select and generate the (% style="color:#2980b9" %)“**Import Unclaimed Benefits**”(%%) batch.
317 317  
318 318  
319 -[[image:Section 14 Transfer Process_html_31273b549dc2bb7f.gif||alt="Shape50"]] [[image:Section 14 Transfer Process_html_41e229bc4d6e5f9.png||height="355" width="596"]]
307 +(% style="text-align:center" %)
308 +[[image:1633327705654-665.png||data-xwiki-image-style-alignment="center"]]
320 320  
321 321  
322 -Client This is the Client for which the Section 14 is being processed.
311 +(% style="color:#2980b9" %)**Client  **(%%) This is the Client for which the Section 14 is being processed.
323 323  
324 -File Name Click on the “**Browse**” button and locate the saved file.
313 +(% style="color:#2980b9" %)**File Name**(%%)  Click on the (% style="color:#2980b9" %)“**Browse**” (%%)button and locate the saved file.
325 325  
326 -Batch Reference This is defaulted by the system.
315 +(% style="color:#2980b9" %)**Batch Reference**(%%)  This is defaulted by the system.
327 327  
328 -Client Parent This is the Parent that the client belongs to.
317 +(% style="color:#2980b9" %)**Client Parent **(%%) This is the Parent that the client belongs to.
329 329  
330 -Click on the “**Save**” and “**Execute**” button.
331 331  
320 +Click on the (% style="color:#2980b9" %)“**Save**”(%%) and (% style="color:#2980b9" %)“**Execute**”(%%) button.
321 +
332 332  Two reports will generate. The first being confirmation of the fields that were required and what was supplied to generate the report.
333 333  
334 334  
325 +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.
335 335  
336 -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.
337 337  
328 +(% style="text-align:center" %)
329 +[[image:1633327962522-699.png||data-xwiki-image-style-alignment="center"]]
338 338  
339 -[[image:Section 14 Transfer Process_html_7c90677e5d7d8644.gif||alt="Shape51"]]
340 340  
341 -[[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"]]
342 -
343 -
344 -
345 345  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.
346 346  
347 -The member records now appear in RED with an exit date and an exit type.
334 +The member records now appear in(% style="color:#e74c3c" %) RED(%%) with an exit date and an exit type.
348 348  
349 349  
350 -[[image:Section 14 Transfer Process_html_f70533c7086bc698.gif||alt="Shape57"]] [[image:Section 14 Transfer Process_html_6e379d9d97fe9faf.png||height="29" width="596"]]
337 +(% style="text-align:center" %)
338 +[[image:1633328086509-533.png||data-xwiki-image-style-alignment="center"]]
351 351  
352 352  
353 -Once the tax response is received, the “**Import Unclaimed Benefits – Creditor Payment**” batch needs to be run.
341 +Once the tax response is received, the (% style="color:#2980b9" %)“**Import Unclaimed Benefits – Creditor Payment**”(%%) batch needs to be run.
354 354  
343 +
355 355  Insert the Batch Number from your import, that was done previously, into this Batch Ref field.
356 356  
357 357  The Administrator Bank field is the name of the creditor being paid that has been set up under System Bank Accounts (Transfer Funds).
358 358  
359 -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.
360 360  
361 -Click on the __cflo__ button on the member record. A line would have been created for payment.
349 +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.
362 362  
363 363  
364 -[[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"]]
352 +Click on the (% style="color:#2980b9" %)cflo (%%)button on the member record. A line would have been created for payment.
365 365  
366 366  
367 -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.
355 +(% style="text-align:center" %)
356 +[[image:1633328484167-380.png||data-xwiki-image-style-alignment="center"]]
368 368  
369 369  
370 -[[image:Section 14 Transfer Process_html_fdf87a27103cb999.gif||alt="Shape64"]] [[image:Section 14 Transfer Process_html_53a634c37cdda971.png||height="118" width="318"]]
359 +The payment can now be made in Bulk at the Parent Level.
371 371  
372 -[[image:Section 14 Transfer Process_html_2541c1ea5f14a2ee.png||height="92" width="596"]]
361 +Go to (% style="color:#2980b9" %)Accounts > Debtors and Creditors(%%) Menu item. Select (% style="color:#2980b9" %)**“Creditors”.**
373 373  
363 +A creditor payment reflects in the Creditor Payment.
374 374  
375 375  
376 -Select __eft__ hyperlink and a batch editor screen will open to generate the Payment.
366 +(% style="text-align:center" %)
367 +[[image:1633328582529-671.png||data-xwiki-image-style-alignment="center" height="189" width="466"]]
377 377  
378 378  
379 -[[image:Section 14 Transfer Process_html_f7922830ceb22f0e.gif||alt="Shape65"]] [[image:Section 14 Transfer Process_html_bef0d58a1354411a.png||height="156" width="596"]]
370 +(% style="text-align:center" %)
371 +[[image:1633328678458-232.png||data-xwiki-image-style-alignment="center"]]
380 380  
381 381  
374 +Select (% style="color:#2980b9" %)**__eft__ **(%%)hyperlink and a batch editor screen will open to generate the Payment.
375 +
376 +
377 +(% style="text-align:center" %)
378 +[[image:1633328773306-793.png||data-xwiki-image-style-alignment="center"]]
379 +
380 +
382 382  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.
383 383  
384 384  
385 385  
386 386  
387 -(% style="text-align: center;" %)
388 -== (% style="color:#2980b9" %)**Disclaimer and Copyright**(%%) ==
386 +(% style="break-before: page; text-align: center;" %)
387 += (% style="color:#2980b9" %)**Disclaimer and Copyright**(%%) =
389 389  
390 390  
391 391  
... ... @@ -406,6 +406,7 @@
406 406  
407 407  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.
408 408  
408 +
409 409  EBSphere (Pty) Limited
410 410  
411 411  P.O. Box 785803
... ... @@ -417,4 +417,4 @@
417 417  
418 418  
419 419  (% style="text-align:center" %)
420 -[[image:Section 14 Transfer Process_html_8cba33b1e8c9fa24.gif||height="128" width="463"]]
420 +[[image:Section 14 Transfer Process_html_8cba33b1e8c9fa24.gif||data-xwiki-image-style-alignment="center" height="128" width="463"]]
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