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Beam is supported by your current payroll software provider, so please contact your payroll support team and they will be able to guide you through the process. Rest assured, we provide comprehensive support to our payroll partners on all facets of super and single touch payroll.
Precision Administration Services Pty Ltd is wholly owned by Australian Retirement Trust Pty Ltd (via its custodian) as Trustee for the Australian Retirement Trust. Precision is the issuer of Beam Super Payments (clearing house) and offers the Beam single-touch payroll (STP) reporting service.
No, you can use Beam clearing house and STP services regardless of your default fund.
Yes, you can select multiple default funds inside the Beam hosted UI.
Beam Direct debit payments have the reference name Precision CH. It stands for Precision Clearing House as Precision Administration Services is the issuer of Beam.
A direct to fund payment means that Beam handles the messaging, but you pay the contributions directly to each super fund. This means that contributions are received faster. This is also called ‘pay fund directly.’
You submit your super contributions and we provide you with the EFT and payment reference details for each fund. You then make individual EFT payments to each fund via your financial institution’s banking facility either manually or using the banking file you are able to download once your contribution is submitted. Beam distributes your contribution data to each fund in the SuperStream standard within 24 hours of the file being submitting.
Single Touch Payroll (STP) is a new way for employers to securely pass payroll information directly to the ATO from their payroll system.
Beam is Whitelisted with the ATO to provide secure reporting Fees are flat and subscription-based.
Yes, Beam offers an integrated STP solution from within your payroll software so you can report payments such as salaries and wages, PAYG withholding and super information each time you pay your employees.