It is always great to clarify anything that might seem unfamiliar, and I am happy to help, Jessica.
Beam is a superannuation clearing house in Australia that integrates with QuickBooks Payroll to help businesses manage and pay their employees' super contributions.
A superannuation clearing house is a service that allows employers to make all their superannuation contributions in a single payment, which is then distributed to the individual super funds of each employee.
Registering with Beam in QuickBooks is necessary to automate the process of paying employee superannuation contributions. Instead of manually entering payment data into external portals or clearing houses, the integration allows you to pay super directly from within your QuickBooks software.
During registration, you will provide basic business details and choose a payment method. Once set up, you can manage all super payments directly in QuickBooks.
For step-by-step instructions on setting up Beam, check out this article: Setting up Super Payments with Beam in QBO.
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