✨ What is MVR?
If you've registered with Beam for your SuperStream lodgements, Reckon One now supports Member Verification Request (MVR) for Payday Super!
MVR checks with the super fund, through Beam, that an employee actually has a valid account with that super fund that can receive contributions.
The intention of MVR is to catch invalid super fund or member details upfront so that contributions aren't rejected or delayed, particularly under Payday Super.
✨ MVR Statuses and what they mean
Each employee super fund product now carries a verification status;
Status | What it means |
|---|
Verified | The super fund has confirmed the employee's member account |
Rejected | The super fund couldn't accept the member details |
Verification Pending | Submitted - Waiting for response from super fund |
Verification Needed | There has been a change with the employee's super fund details and you're prompted to action a verification |
Verification Unavailable | This fund doesn't support MVR through Beam yet |
Verification Unknown | No MVR requested yet. For example if you've already setup super funds in Reckon One prior to enabling Beam. |
✨ Where you'll find MVR
You'll find the verification button for MVR in the super tab within an employee's profile. It will show the current MVR status, a date stamp along with any errors or messages.
You'll also see a orange notification symbol when the MVR status is verification needed or rejected.
The payroll dashboard widget has been updated to display the latest 3 employees that require attention along with a direct link to view all.
The employee list screen will show an alert icon on any employees with a Verification Needed or Rejected status allowing you to quickly spot them at a glance.
✨ How to request verification
Simply click the Request Verification option in the employee's Superannuation tab in their profile.
You can request a MVR for the following statuses:
- Verification Needed
- Verification Unknown
- Verification Unavailable
- Verified
- Rejected
The option to request is disabled when status is Verification pending or if the last submission was less then 48 hours ago.
Questions?
For more information on MVR in Reckon One check out out help guide here -
https://help.reckon.com/article/4e1kmce3vb-verify-employee-super-funds-mvr-in-reckon-one
If you have any questions about MVR, feel free to create a new post by clicking HERE and we'll do our best to assist.
