Step 1: Entering the Company Details and Banking Information

The first step in the Company Creation Wizard is to enter all the details about the company. These company address details will be used on all reports and correspondence generated by the system.

This section is also used to set up company bank accounts, from which the company will pay salary and wages, super contributions and other payments.

 

The fields marked with a * are mandatory. You will not be able to continue with the next step in the wizard until they have been filled in.

Complete the following information as required:

Field Name	Explanation
Company Name	Enter the name of the company exactly as it has been registered with the HR3 office, including spaces, full stops and upper/lower case characters. If the text you enter differs from the details you have registered with the HR3 office, you will be unable to activate and use this company.
Registered Name	This is the registered name of the business (which can be different to the company name). This appears as the payer's name on payment summaries printed from the system.
Org Group	The name of the organisational group to which the company is linked, if relevant. If the organisational group to which the company belongs is not listed, click <<Add New>>and enter the name of the organisational group. Then click OK.
Address	This is the company's postal address. These address details will be used in all company correspondence.

The next set of information required is the company bank details. You can add multiple accounts if required.

Click the Add New button to begin adding a new company bank account, or double click an existing account to edit it. Enter the details of the company accounts in the pop-up window.

The following information needs to be completed:

Field Name	Explanation
Bank State Branch	Enter the BSB number which uniquely identifies the bank and branch of your company bank account. If you have entered a valid BSB, the bank and branch will display, otherwise click unknown to create a BSB.
Account No.	Enter the company bank account number from which salary, wages and other remittances will be paid.
Account Name	Enter the company bank account name as it is registered with the bank.
Lodge Ref.	Enter the default lodgement reference which will appear the recipient's bank statements. This can be overridden on individuals' accounts if required.
EFT Id.	Enter the EFT ID which has been supplied by the bank. This is a mandatory field, required by the bank for processing EFT transactions.
Self Balance	Check this box if you want to generate a self-balancing EFT file.

 

You will need to check with your bank to see if you are required to supply a self-balancing EFT file.

Once you have entered all of the information required, click NEXT.