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.

    Superannuation menu

  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.


    Note: You can create a custom schedule if needed. Please refer to the Create and Edit a Custom Cashflow Schedule section at the end of Cashflow (Advanced Settings) for details on how to do this.




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




How is Superannuation (Pension Plan/Kiwi Saver) calculated and paid?

Refer to the Understanding and Troubleshooting Cashflow frequently asked question on this topic - How is Superannuation (Pension Plan/Kiwi Saver) calculated and paid?



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


GST / VAT
Wages & PAYG

Bank & Equity

Depreciation

Inventory
Company Tax

Cashflow (Basic Settings)

Cashflow (Advanced Settings)

Cashflow Statement