Changes for page Risk Premiums Payable

Last modified by Megan Kahl on 2022/08/08 08:26
<
From version < 24.1 >
edited by Megan Kahl
on 2022/08/08 08:18
To version < 17.1 >
edited by Megan Kahl
on 2022/08/08 08:13
>
Change comment: There is no comment for this version

Summary

Details

Page properties
Content
... ... @@ -1,22 +2,40 @@
1 -
2 2  
3 -(% style="text-align: center;" %)
4 -(% style="font-size: 28px; color: rgb(41, 128, 185)" %)**RISK PREMIUMS PAYABLE**
2 +**DISCLAIMER**
5 5  
4 +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.
6 6  
6 +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.
7 7  
8 -(% style="text-align: center;" %)
9 -(% style="color:#2980b9" %)**BY**
8 +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.
10 10  
10 +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.
11 11  
12 12  
13 -[[image:Risk Premiums Payable_html_8cba33b1e8c9fa24.gif||data-xwiki-image-style-alignment="center" height="128" width="465"]]
14 14  
15 15  
16 -(% style="text-align: center;" %)
17 -== (% style="color:#2980b9" %)**Introduction**(%%) ==
18 18  
19 19  
17 +
18 +
19 +**COPYRIGHT**
20 +
21 +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.
22 +
23 +EBSphere (Pty) Limited
24 +
25 +P.O. Box 785803
26 +
27 +Sandton
28 +
29 +2146
30 +
31 +
32 +
33 +[[image:Risk Premiums Payable_html_8cba33b1e8c9fa24.gif||height="96" width="344"]]\\
34 +
35 +//Introduction//
36 +
37 +
20 20  Risk Premium payments can be paid at a Parent or Client Level.
21 21  
22 22  At the Parent level, all clients are consolidated to one amount per Accounting Date. When payment is made, the amount is ratioed over all client creditors.
... ... @@ -24,31 +24,33 @@
24 24  Should payment need to be made for a specific client only, then the “Risk Premiums Payable – Client” option would be used.
25 25  
26 26  
27 -(% style="text-align: center;" %)
28 -== (% style="color:#2980b9" %)**Risk Premiums Payable - Parent**(%%) ==
45 +//**Risk Premiums Payable - Parent**//
29 29  
47 +Ensure that the correct Parent has been selected in Everest. Go to the Accounts Menu and select **“Cash Flows”:**
30 30  
31 -Ensure that the correct Parent has been selected in Everest. Go to the Accounts Menu and select (% style="color:#2980b9" %)**“Cash Flows”:**
32 -
33 33  [[image:Risk Premiums Payable_html_88e905bbaecbdbb.png||height="176" width="259"]]
34 34  
35 -On the Cash Flows screen, double click on the(% style="color:#2980b9" %) __view__(%%) hyperlink next to Risk Premiums Payable:
51 +On the Cash Flows screen, double click on the __view__ hyperlink next to Risk Premiums Payable:
36 36  
37 -[[image:Risk Premiums Payable_html_c3784ff0a2422900.png||height="184" width="645"]]
53 +[[image:Risk Premiums Payable_html_12cc4f374dc7cc5a.gif||alt="Shape1"]] [[image:Risk Premiums Payable_html_c3784ff0a2422900.png||height="184" width="645"]]
38 38  
55 +
56 +
57 +
58 +
39 39  Select the relevant accounting date for which the risk premiums are payable.
40 40  
41 -Double Click the hyperlink for the relevant payment type. The (% style="color:#2980b9" %)__pay__ (%%)hyperlink is for cheque payments and the __eft__ hyperlink is to generate an electronic transfer.
61 +Double Click the hyperlink for the relevant payment type. The __pay__ hyperlink is for cheque payments and the __eft__ hyperlink is to generate an electronic transfer.
42 42  
43 43  [[image:Risk Premiums Payable_html_6c64f2ccbba103d0.png||height="118" width="628"]]
44 44  
45 45  Once selected a batch screen will open. Confirm that all the details are recorded correctly. The Accounting Date is the month end date, and the Effective Date is the actual date of the transaction i.e., the date it is paid.
46 46  
47 -(% style="color:#2980b9" %)**NB!** (%%)You must NOT change the Accounting Date as the system uses this date to match against the accrual entries. Only change the Effective Date to match the payment date.
67 +**NB!** You must NOT change the Accounting Date as the system uses this date to match against the accrual entries. Only change the Effective Date to match the payment date.
48 48  
49 - [[image:Risk Premiums Payable_html_fa74d426ea491036.png||height="173" width="644"]]
69 +[[image:Risk Premiums Payable_html_37d44641ba9a968a.gif||alt="Shape2"]] [[image:Risk Premiums Payable_html_fa74d426ea491036.png||height="173" width="644"]]
50 50  
51 -Click the (% style="color:#2980b9" %)“**Save**” (%%)and(% style="color:#2980b9" %) “**Execute**”(%%) buttons.
71 +Click the “**Save**” and “**Execute**” buttons.
52 52  
53 53  The following accounting entries are generated from this Batch:
54 54  
... ... @@ -56,21 +56,21 @@
56 56  
57 57  A communication document is generated reflecting the transaction. The amount is either entered into the CFLO Management System for cheque payments or into the Payment Management System for transfer via the electronic banking system (as per the Payment Type above).
58 58  
59 -| |
79 +||
60 60  
61 61  |**XYZ Administrators**|Fund Registration Number - 12/8/88888
62 - Fund PAYE Number - 75607989899
82 + Fund PAYE Number - 75607989899
63 63  SARS Registration Number - 1820/4/12345
64 64  
65 65  |**COMMUNICATION DOCUMENT - INSURER INFORMATION**
66 66  
67 -|**To**| Tracey Armstrong|**From**|Michelle Tinline
87 +|**To**|[[image:Risk Premiums Payable_html_917a9cdbf753eae8.gif||alt="Shape3"]] Tracey Armstrong|[[image:Risk Premiums Payable_html_34a506a50f83607.gif||alt="Shape4"]] **From**|Michelle Tinline
68 68  |**Company**|Momentum|**Date**|09/08/2018
69 -|**Fax Number**| (011) 274 5410|**Fund Name**|Parent 4
89 +|**Fax Number**|[[image:Risk Premiums Payable_html_77b94afc939eb263.gif||alt="Shape5"]] (011) 274 5410|**Fund Name**|Parent 4
70 70  |**Phone Number**|(011) 274 5412|**Reference No**|0000 0001 0884
71 -|**Re**|Risk Contributions Paid| |
91 +|**Re**|Risk Contributions Paid||
72 72  
73 -Dear Tracey
93 +[[image:Risk Premiums Payable_html_f773070b97914525.gif||alt="Shape6"]] Dear Tracey
74 74  
75 75  Please note that a payment of R303 421.76 will be transferred into your bank account in respect of Parent 4 for the contribution collections as at 31/07/2018.
76 76  
... ... @@ -80,70 +80,82 @@
80 80  |**Bank Branch**|Jan Smuts Ave (Jhb)
81 81  |**Branch Code**|004205
82 82  |**Account Name**|Momentum
83 -|**Account Number**|001971234
103 +|**Account Number**|[[image:Risk Premiums Payable_html_4095b2c4962eceec.gif||alt="Shape7"]] 001971234
84 84  
85 85  The payments have been made in respect of the following risk portfolio(s):
86 86  
87 87  |**Type of Risk Policy**|**Amount Paid**|**Risk Policy Number**
88 -|PHI|R103 421.76|
89 -|GLA|R200 000.00|
108 +|PHI|R103 421.76|
109 +|GLA|R200 000.00|
90 90  
91 91  Should you not allocate the payment or the amount differs to this statement, please advise me immediately of any errors.
92 92  
93 93  Yours sincerely
94 94  
115 +
95 95  
96 -(% style="text-align: center;" %)
97 -== (% style="color:#2980b9" %)**Risk Premiums Payable – Client**(%%) ==
117 +//**Risk Premiums Payable – Client**//
98 98  
99 -
100 100  This option is used if you want to make payment for a single client only.
101 101  
102 -Ensure that the correct Parent has been selected in Everest. Go to the Accounts Menu and select(% style="color:#2980b9" %) **“Cash Flows”**:
121 +Ensure that the correct Parent has been selected in Everest. Go to the Accounts Menu and select **“Cash Flows”:**
103 103  
104 104  [[image:Risk Premiums Payable_html_88e905bbaecbdbb.png||height="176" width="259"]]
105 105  
106 -On the Cash Flows screen, double click on the(% style="color:#2980b9" %) __view__ (%%)hyperlink next to Risk Premiums Payable - Client:
125 +On the Cash Flows screen, double click on the __view__ hyperlink next to Risk Premiums Payable - Client:
107 107  
108 -[[image:Risk Premiums Payable_html_7adf34afd41a2e4.png||height="167" width="571"]]
127 +[[image:Risk Premiums Payable_html_12cc4f374dc7cc5a.gif||alt="Shape8"]] [[image:Risk Premiums Payable_html_7adf34afd41a2e4.png||height="167" width="571"]]
109 109  
110 110  Select the relevant accounting date for which the risk premiums are payable.
111 111  
112 112  Double Click the hyperlink for the relevant payment type. The __pay__ hyperlink is for cheque payments and the __eft__ hyperlink is to generate an electronic transfer.
113 113  
114 -[[image:Risk Premiums Payable_html_5c055a16030727ab.png||height="126" width="571"]]
133 +[[image:Risk Premiums Payable_html_f8d99ea24fb7753d.gif||alt="Shape9"]] [[image:Risk Premiums Payable_html_5c055a16030727ab.png||height="126" width="571"]]
115 115  
116 116  
136 +
117 117  Once selected a batch screen will open. Confirm that all the details are recorded correctly. The Accounting Date is the month end date, and the Effective Date is the actual date of the transaction i.e., the date it is paid.
118 118  
119 -(% style="color:#2980b9" %)**NB!** (%%)You must NOT change the Accounting Date as the system uses this date to match against the accrual entries. Only change the Effective Date to match the payment date.
139 +**NB!** You must NOT change the Accounting Date as the system uses this date to match against the accrual entries. Only change the Effective Date to match the payment date.
120 120  
121 - [[image:Risk Premiums Payable_html_4c236b8ad3dd3740.png||height="168" width="613"]]
141 +[[image:Risk Premiums Payable_html_b99ea0619ebf62d1.gif||alt="Shape11"]] [[image:Risk Premiums Payable_html_f4a92c51ea6a2998.gif||alt="Shape10"]] [[image:Risk Premiums Payable_html_4c236b8ad3dd3740.png||height="168" width="613"]]
122 122  
123 -Click the (% style="color:#2980b9" %)“**Save**”(%%) and (% style="color:#2980b9" %)“**Execute**”(%%) buttons.
143 +Click the “**Save**” and “**Execute**” buttons.
124 124  
125 125  The following accounting entries are generated from this Batch:
126 126  
127 127  
148 +
149 +
150 +
128 128  [[image:Risk Premiums Payable_html_a2c81f4ea38fbc3e.png||height="203" width="460"]]
129 129  
130 130  
131 -A communication document is generated reflecting the transaction. The amount is either entered into the CFLO Management System for cheque payments or into the Payment Management System for transfer via the electronic banking system (as per the Payment Type above).
132 132  
133 133  
156 +
157 +
158 +
159 +
160 +
161 +
162 +
163 +
164 +A communication document is generated reflecting the transaction. The amount is either entered into the CFLO Management System for cheque payments or into the Payment Management System for transfer via the electronic banking system (as per the Payment Type above).
165 +
134 134  |**XYZ Administrators**|Fund Registration Number - 12/8/12334/2
135 - Fund PAYE Number - 774567987
167 + Fund PAYE Number - 774567987
136 136  SARS Registration Number - 18/20/4/12345
137 137  
138 138  |**COMMUNICATION DOCUMENT - INSURER INFORMATION**
139 139  
140 -|**To**| |**From**|
172 +|**To**|[[image:Risk Premiums Payable_html_224a585805d99511.gif||alt="Shape12"]]\\|**From**|[[image:Risk Premiums Payable_html_224a585805d99511.gif||alt="Shape13"]]\\
141 141  |**Company**|Sanlam Employee Benefits Ltd|**Date**|10/01/2020
142 142  |**Fax Number**|()|**Fund Name**|Parent 4
143 143  |**Phone Number**|()|**Reference No**|0000 0009 3594
144 -|**Re**|Risk Contributions Paid| |
176 +|**Re**|Risk Contributions Paid||
145 145  
146 -Dear
178 +[[image:Risk Premiums Payable_html_224a585805d99511.gif||alt="Shape14"]] Dear
147 147  
148 148  Please note that a payment of R217 018.72 will be transferred into your bank account in respect of Parent 4 for the contribution collections as at 31/07/2017.
149 149  
... ... @@ -153,12 +153,12 @@
153 153  |**Bank Branch**|Johannesburg Corporate 061
154 154  |**Branch Code**|251405
155 155  |**Account Name**|Investec Employee Benefits Ltd
156 -|**Account Number**|62055452503
188 +|**Account Number**|[[image:Risk Premiums Payable_html_224a585805d99511.gif||alt="Shape15"]] 62055452503
157 157  
158 158  The payments have been made in respect of the following risk portfolio(s):
159 159  
160 160  |**Type of Risk Policy**|**Amount Paid**|**Risk Policy Number**
161 -|GLA|R117 018.72|
193 +|GLA|R117 018.72|
162 162  |PHI|R100 000.00|SS 194436
163 163  
164 164  Should you not allocate the payment or the amount differs to this statement, please advise me immediately of any errors.
... ... @@ -165,36 +165,3 @@
165 165  
166 166  Yours sincerely
167 167  
168 -
169 -
170 -(% style="text-align: center;" %)
171 -== (% style="color:#2980b9" %)**Disclaimer and Copyright**(%%) ==
172 -
173 -
174 -(% id="cke_bm_1117S" style="color: rgb(41, 128, 185); display: none" %)** **(% style="color:#2980b9" %)**DISCLAIMER**
175 -
176 -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.
177 -
178 -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.
179 -
180 -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.
181 -
182 -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.
183 -
184 -
185 -
186 -(% style="color:#2980b9" %)**COPYRIGHT**
187 -
188 -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.
189 -
190 -EBSphere (Pty) Limited
191 -
192 -P.O. Box 785803
193 -
194 -Sandton
195 -
196 -2146
197 -
198 -
199 -
200 -[[image:Risk Premiums Payable_html_8cba33b1e8c9fa24.gif||data-xwiki-image-style-alignment="center" height="128" width="465"]]
Risk Premiums Payable_html_224a585805d99511.gif
Author
... ... @@ -1,1 +1,0 @@
1 -XWiki.megank
Size
... ... @@ -1,1 +1,0 @@
1 -946 bytes
Content
Risk Premiums Payable_html_7adf34afd41a2e4.png
Author
... ... @@ -1,1 +1,0 @@
1 -XWiki.megank
Size
... ... @@ -1,1 +1,0 @@
1 -48.9 KB
Content
Risk Premiums Payable_html_88e905bbaecbdbb.png
Author
... ... @@ -1,1 +1,0 @@
1 -XWiki.megank
Size
... ... @@ -1,1 +1,0 @@
1 -35.0 KB
Content
Risk Premiums Payable_html_917a9cdbf753eae8.gif
Author
... ... @@ -1,1 +1,0 @@
1 -XWiki.megank
Size
... ... @@ -1,1 +1,0 @@
1 -937 bytes
Content
Risk Premiums Payable_html_c2149f40a0426fe9.png
Author
... ... @@ -1,1 +1,0 @@
1 -XWiki.megank
Size
... ... @@ -1,1 +1,0 @@
1 -12.8 KB
Content
Risk Premiums Payable_html_c3784ff0a2422900.png
Author
... ... @@ -1,1 +1,0 @@
1 -XWiki.megank
Size
... ... @@ -1,1 +1,0 @@
1 -48.8 KB
Content

Applications

Navigation

Need help?

If you need help with XWiki you can contact: