If you use the Payroll module in the Financial Edge this blog post has important tax season information for you!
Tax season is right around the corner and as many of you are already aware we have new tax forms this year. If you use payroll it is now required you file the new healthcare Affordable Care Act (ACA) tax forms, the 1094 and 1095. Our programmers have been working on adding new features to the Financial Edge so you can store this data and process it successfully.
The new ACA process will allow you to import or manually enter 1094 and 1095 data into Financial Edge and then create the forms with Aatrix just like you do with W2's. Now is the time to start gathering your ACA data and we have the tools to get you there.
To enter ACA data in the Financial Edge you need to be running the Financial Edge version 7.87 patch 9 or higher. If you're hosted you will automatically be updated to this new version on November 20, 2015. If you are not Blackbaud hosted don't worry, patch 9 will be released for you very soon. In the meantime you can still start to collect the ACA information in preparation for tax season. If you have not already done so be sure to check out our ACA FAQ's, as this article will continue to be updated throughout the year.
To help gather this ACA data we have created two import files. Our ACA Import file and ACA Dependents Import file, both import files can be downloaded from this blog and include an import template, sample records, instructions, and import steps. You can use these files to gather data, store it, and import the information into FE. Of course if you do not want to import or it's not practical you certainly don't have to! Once you are running patch 9 or higher you can manually enter ACA data into the Financial Edge by following these steps.
Be sure to keep an eye on your Financial Edge community as we will have more information being released soon. Together we're looking forward to a very successful tax season!
-Financial Edge Support Team
Tax season is right around the corner and as many of you are already aware we have new tax forms this year. If you use payroll it is now required you file the new healthcare Affordable Care Act (ACA) tax forms, the 1094 and 1095. Our programmers have been working on adding new features to the Financial Edge so you can store this data and process it successfully.
The new ACA process will allow you to import or manually enter 1094 and 1095 data into Financial Edge and then create the forms with Aatrix just like you do with W2's. Now is the time to start gathering your ACA data and we have the tools to get you there.
To enter ACA data in the Financial Edge you need to be running the Financial Edge version 7.87 patch 9 or higher. If you're hosted you will automatically be updated to this new version on November 20, 2015. If you are not Blackbaud hosted don't worry, patch 9 will be released for you very soon. In the meantime you can still start to collect the ACA information in preparation for tax season. If you have not already done so be sure to check out our ACA FAQ's, as this article will continue to be updated throughout the year.
To help gather this ACA data we have created two import files. Our ACA Import file and ACA Dependents Import file, both import files can be downloaded from this blog and include an import template, sample records, instructions, and import steps. You can use these files to gather data, store it, and import the information into FE. Of course if you do not want to import or it's not practical you certainly don't have to! Once you are running patch 9 or higher you can manually enter ACA data into the Financial Edge by following these steps.
Be sure to keep an eye on your Financial Edge community as we will have more information being released soon. Together we're looking forward to a very successful tax season!
-Financial Edge Support Team
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11/20/2015 11:07am EST
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