ACA Information

Locations utilizing Payroll through Merchant Ag FIN can now fulfill reporting requirements for the Affordable Care Act. Navigate to Merchant Ag FIN > Payroll > Affordable Care Act which provides the ALE Aggregates, ALE Members and Lowest Cost Premium options.

Recording and Reporting menus

Use ALE Aggregates to record the number of Employees per month.

The ALE Members menu should be used if a Location has been designated as a Member of Aggregate ALE Group.

The Lowest Cost Premium will be used to record the Lowest Cost Premium Health Insurance offered to Employees.

Select Form 1094 and 1095 B or C for reporting purposes based on your reporting requirements. Use the new Form 1095-C Electronic for electronic submissions.

Use Form 1095 Mailing Covers to generate cover sheets for the 1095-C forms.

In addition, see ACA- within Access Employees for record keeping options for the Affordable Care Act.

 

Suggested Reports

Part Times Average Hours Worked- Run near the end of the year for the entire year to view which employees are near full-time equivalents.

Deduction Register- Select the Deduction Code for Health Insurance to view a list of Employees, the Current Pay Period deduction and YTD Totals. Use the Employee Filter and select just Full Time or Part Time employees.

The Check History Report provides Employee Totals on Hours, Gross Pay, Deductions and the Net Check.

 

 

Please note that any information or examples provided is in regards to the use of the software and does not constitute accounting advice or recommendations. If you have questions regarding accounting issues specifically related to your business circumstances, consult with your own accountant, attorney or professional adviser.