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Need help setting up SMSF for CFS

Marilyn Strauss

Hi need some help as I want to start using Colonial First State but I am lost with sorting out my Self Managed super fund.

I have added my bank details for super to my Active Supplies, in my payroll I have added my banks ESA and given my Member Number my bank account number.

When I look at Super Data Report my 2 Self Managed Super employees do not have a Unique Super ID or a BSB or Account number so there is no way that they export will be correct.

Any advice would be gratefully accepted.

Comments

Lucas Andrews

Hi @Marilyn Strauss,

Thanks for reaching out to the community.

If you could please take a look at this knowledge article in the SMSF section, it should help you get everything setup and working correctly:

https://help.reckon.com/article/53cychi8vj-kba-5217-configuring-reckon-accounts-business-and-hosted-for-super-stream

Please let me know if you require further assistance.

Kris_Williams

1 in the new supplier you enter the bank details and ABN for the SMSF

2 you create a new payroll item called Super SMSF or something unique, and link the supplier to this payroll item

3 you then go to the employees using this SMSF and use the new payroll super item instead of the previous one

In the clearing house you have to add this super fund to the existing list of funds

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