RESC Manual Transactions

Exolvo allows you to manually add RESC amounts and edit existing RESC amounts. You would use such manual transactions if you calculated RESC externally to Exolvo or implemented Exolvo part-way through the Australian financial year.

"RESC amount" Field

In Transaction View, allowance and deduction transaction forms contain a RESC amount field.

This field is enabled only when a transaction meets all the following criteria:

1. Is for an allowance with Type = "A. Allowance" or "Z. Employee Super" or a deduction with Type = "U. Employee Superannuation Deduction" or "D. Standard Deduction".
2. Has a Super Fund Code value.
3. Has Recalculate = "No".

Allowance transaction | Text tab:

Deduction transaction | Details tab:

RESC Transactions

Recalculate = Yes

Add a superannuation transaction (Super Fund Code field must contain a value). When you process the pay, the RESC amount is calculated.

1. On the transaction form, enter the Quantity and other values.
2. Ensure that Recalculate = Yes.

   The RESC amount field is blank and disabled.

3. Process the transaction.

   Exolvo calculates the RESC amount based on the transaction values.

Recalculate = No

Add a superannuation transaction that contains only the RESC amount, such as an 'opening balance' RESC value.

1. On the transaction form, ensure that Recalculate = No.
2. Enter the RESC amount value.
3. Process the transaction.

   Exolvo does not recalculate the RESC amount; it uses the value that you entered. The following type of message appears in the audit log:

   "Superannuation allowance transaction xxx has Recalculate flag set to No. The total amount will not be adjusted for superannuation OTE thresholds nor will RESC be recalculated for this transaction."

   Note: You can also edit these types of transactions to adjust RESC values.

Topic: 24925