Understanding the Basic Company Information screen

The Basic Company Information screen stores key company details. This includes things like registration numbers, payment cycle, tax settings, and Employment Tax Incentive (ETI) setup. It also covers address and contact information for statutory reporting.

How to access the Basic Company Information screen

• From the Main Menu, select Company, then Basic Company Information
• The screen contains five tabs:
  • Basic Company Information
  • Address Details
  • Contact Information
  • Additional Information
  • Employment Tax Incentive (South Africa only)

Key fields on the Basic Company Information tab

• Company Name: Enter the registered name. Mandatory for reports and IRP5/IT3(a) certificates
• Company Status: Options are Live, Dormant, or History
• Company Registration Number: Used on statutory reports
• Payment Cycle: Select weekly, monthly, bi-weekly, or other. Don’t change during the tax year
• Tax Country: Determines tax tables. Set up separate companies for different countries
• Tax Registration Number: Mandatory for South African companies. Don’t include slashes
• Diplomatic Indemnity: Tick if applicable (for example, embassies)
• Last Allocated IRP5 Number: Displays the last issued IRP5 number
• Annual Bonus: Used for automatic bonus calculations based on percentage and bonus month
• Unemployment Insurance Fund (UIF): Enter UIF registration number, percentages, and earnings limit
  •  CAUTION: Update UIF limits and percentages when they change 
• Skills Development Levy (SDL): Enter SDL number, SETA name, and percentage

Other tabs

• Address Details: Enter physical and reporting addresses for tax certificates
• Contact Information: Complete UIF and IRP5 contact details for export files
• Employment Tax Incentive: Complete ETI setup if applicable. Contact your Business Partner for assistance