This Superannuation help note is one in a series on Financial Settings. A big chunk of your Cashflow Forecast and Balance Sheet budget is calculated for you in Calxa by using your Profit & Loss budget and the account and timing selections you make in Financial Settings. 

Many of these account selections can be accurately made by Calxa when creating or updating your organisation data. The Financial Settings allow you to review and revise these nominated accounts and select payment schedules and rates where applicable.

  1. To review and edit your Superannuation (Pension Plan) settings click on My Workspace -> Settings -> Superannuation.

  2. Calxa calculates your superannuation payable liability based on your superannuation expense budget.

    The Superannuation Settings screen looks like the image shown below.

  3. First select all superannuation expense accounts from the drop-down. Multiple accounts will be handled as a combined virtual account.

  4. Nominate all super payable accounts associated with the expense accounts selected in 3. above.

    If multiple accounts are used with varying schedules select the expense and liability accounts with the most common schedule. Calxa will calculate the liability budgets for the accounts selected, and you will need to enter manual expense and liability budgets and configure the Cashflow Settings for the remaining accounts.

  5. Finally, select the schedule that reflects when you pay employee Superannuation.

    You can create a custom schedule if needed via the desktop app which will then be available for use in the online app. Please refer to Cashflow Schedules at the end of Preparing a Cashflow Forecast for details on how to do this. Custom cashflow schedules are coming soon to the online app.

  6. Click the Save Changes button at top right after you complete your selections.

    Want to learn more? Have a look at the other help notes in the Financial Settings series:

    Wages & PAYG
    Bank & Trade Accounts