Funds

You use the Fund Master program (P07845) to enter funds into the system. You must create a record for each fund in which the employees can enroll. When you create fund records, you specify the fund name, and the fund administrator. The fund administrator must exist in the address book before you can create the fund record. When you create fund records, the system assigns a Fund ID to the record.

You use the Fund Master program (P07845) to enter funds into the system. You must create a record for each fund in which the employees can enroll. When you create fund records, you specify the fund name, the fund administrator, the USI number, payment method code, and other superannuation details. The fund administrator must exist in the address book before you can create the fund record. When you create fund records, the system assigns a Fund ID to the record. Also, the payment methods should exist in the UDC table 75A/PM. The system stores the fund details in the F07845 table.

When you set up funds, you must specify a payment method for the fund. Payment methods are specified in UDC (75A/PM) and include:

• 1: DirectCredit

• 2: BPAY

• 3: DirectDebit