Summary
How to set up Sage 50 Accounting to support Affordable Care Act requirements.
Resolution
- A current subscription to the Sage 50 tax service and process payroll in the program is required
- Reports are available to assist in the completion of the Affordable Care Act (ACA) 1094 and 1095 forms:
- Employee contact information
- Hours worked
- Medical coverage detail (if tracked)
- Use the Payroll Register and Earnings and Hours reports to view the number of hours employees have worked. See Is there a payroll report that will display employee hours worked?
- There are two options available to prepare and submit the 1094/1095 ACA forms. See Can I complete the 1094/1095 ACA (Affordable Care Act) forms in the program?
- If you record employer-sponsored health insurance costs in Sage 50, you can report this on the W-2 form. See How do I report employer-paid health insurance on the W-2?