Home > Supplements > Accounting Activities Generated by the Payment Run > Accounting Activities Generated by the Payment Run
The following is a list of accounting activities produced by the payment run.
|
ACCOUNTING ACTIVITY |
DESCRIPTION |
|
REGPMTDISINV |
Beneficiary Fund member disinvestment.
Required if Beneficiary Fund. |
|
MEMPENRLUNT |
Living Annuity member disinvestment.
Required for Living Annuity. |
|
ACCOUNTING ACTIVITY |
DESCRIPTION |
|
NOTIONALPMT |
Voucher and TAX INCOME payment Types |
|
SUSPENPAID |
Payment of Reinstated case |
|
L/ANNUITYYPBL |
Living Annuity
Required if Living Annuity |
|
PENPAYBLREV |
Recovery Payment |
|
BONUSPAYBL |
13th cheque and Bonus |
|
ADHOCPENPBL |
Gross for Ad hoc payments |
|
SUSPENPAYBL |
Gross suspended |
|
PENSIONPAYBL |
Gross for others
Required for Annuity |
|
BONPROVISION |
Bonus Provision (tax paid over a period for before the bonus received) |
|
BONPROVREV |
Reversal of Bonus Provision when actual BONUS goes through |
|
ACCOUNTING ACTIVITY |
DESCRIPTION |
|
MEMPENNOPMT |
For ‘NO PAYMENT’ payment method |
|
REGULARPMT |
Beneficiary fund net payment
Required for Beneficiary Fund |
|
MEMPENBNKTRF |
For ‘FOREIGNBNKTRFR’ and ‘BANK TRANSFER’ payment methods |
|
MEMPENPAIDFD |
For ‘FOREIGN DRAFT’ payment method |
|
MEMPENPAID |
For all others |
|
ACCOUNTING ACTIVITY |
DESCRIPTION |
|
REVPAYEPAYBL |
Recovery Payment’s, PAYE and SITE |
|
ARRTAXPAYAB |
Arrear PAYE (if tax due in a previous tax year, that tax year’s end date is used as due date, transaction date of the run) |
|
BONTAXPAYBL |
Tax on a Bonus, or adhoc payment (adhoc will have it’s own accounting activity going forward) |
|
TAXPROVISION |
Provisional tax on bonus |
|
TAXPAYABLE |
PAYE not described above
Required for all types of run where tax is payable |
|
ACCOUNTING ACTIVITY |
DESCRIPTION |
|
ARBASETAXPBL |
Arrear SITE tax |
|
BASETAXPAYBL |
SITE |
|
ACCOUNTING ACTIVITY |
DESCRIPTION |
|
MAIDERCONDED |
Medical Aid ER Contribution |
|
ADDTAXPAYABL |
Additional voluntary tax |
|
PENREFUNDDED |
Refund |
|
MEMPENDEDJNL |
‘Journal Entry’ Payment Method deduction payment |
|
PENSIONDEDREV |
Deduction not defined above and negative |
|
PENSIONDED |
Deduction not defined above |
|
ACCOUNTING ACTIVITY |
DESCRIPTION |
|
FNDSUSPPBL |
SUSPENPAYBL |
|
FNDREGPMT |
REGULARPMT
Required for Beneficiary Fund |
|
FNDBONPRVRV |
BONPROVREV |
|
FNDPENPAID |
MEMPENBNKTRF |
|
FNDPENPAYBL |
L/ANNUITYYPBL, BONUSPAYBL, PENPAYBLREV and PENSIONPAYBL
Required |
|
FNDPENRFDD |
PENREFUNDDED |
|
FNDTAXPROV |
TAXPROVISION |
|
FNDSUSPAID |
SUSPENPAID |
|
FNDPENDEDJNL |
MEMPENDEDJNL |
|
FNDPMTDISINV |
REGPMTDISINV
Required for Beneficiary Fund |
|
FNDPENRLUNT |
MEMPENRLUNT
Required for Living Annuity |
For more information refer to
Supplements
Annuity Accounting Rules
Supplements
Accounting Transaction Examples
Annuity Process