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How to set up or change the Banking Details for your Organisation.
How to set up or change the Banking Details for your Organisation.
Select Organisation from the Side Navigation Menu.
Select Banking.
Change the Payment Method if required.
If EFT is chosen,
If EFT is chosen,
Enter or change the BSB (Bank, State, and Branch Code) for the bank account you use to pay wages.
Enter or change the Account Number for the bank account you use to pay wages.
Enter or change the Account Name for the bank account you use to pay wages.
If FAST-Bank is chosen,
If FAST-Bank is chosen,
in addition to BSB, Account Number and Account Name, you must also enter details in the following fields;
Enter or change the Name of Remitter, who is the Entity (or Indivdual) approving the ABA File.
Enter or change the APCA ID, which is a unique six-digit number identifying your companies that financial institutions approve to use the system.
This ID is obtained from your financial institution.
The Transaction Code is set to 53 and should NOT be changed.
Change the Description if required.
By default, this is set to Payroll.
Select Self Balancing Transaction if required by your Financial Institution.
Select Short File Name if required by your Financial Institution.
Navigate to Holding Accounts.
If FAST-Bank is selected in the Payment Method, Holding Account Details can be established
Change Holding Account as required,
Enter or change the BSB (Bank, State, and Branch Code) for the bank account you use to reserve the PAYGW or SG amount.
Enter or change the Account Number for the bank account you use to reserve the PAYGW or SG amount.
Enter or change the Account Name for the bank account you use to reserve the PAYGW or SG amount.
Change the Reference if required.
By default, the reference is
Pay As You Go Withholding when Pay As You Go Withholding (PAYGW) has been chosen.
Superannuation when Superannuation (SG) has been chosen.
When Superannuation (SG) is selected, you can select between;
All Superannuation Contributions include all contribution types (Employer SG, RESC, Salary Sacrifice and After Tax).
Employer SG only includes the Employer SG component. RESC, Salary Sacrifice and After Tax are not included.
Select Save to save your changes.
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