BTerrell Group Blog

Payroll Has Always Been Important, Now It’s Even More So

Posted by Brian Terrell on Thu, Sep 24, 2015

Managing payroll has always been important, especially from your employee’s point of view. Now, with changes in the Affordable Care Act (ACA), payroll becomes even more important for regulatory compliance.  Gain greater control over your payroll data, reduce the chance for mistakes, and streamline data management for ACA reporting with the support of a strong business management solution.     

Businesses, both large and small and in nearly any industry, will soon be required to prepare annual reports in accordance with the ACA.  The current draft forms and instructions indicate that companies will need to capture specific data about their healthcare plan offerings and employees, including both full-time and full-time equivalent.  Data will need to be captured on a monthly basis, which will be used when preparing the annual reports for the IRS.  The data required by the ACA could lead to new complications in payroll data management, which is why many businesses are deciding how to go about capturing and reporting this data efficiently and accurately.

Don’t hire more people to manage the pending ACA reporting requirements; instead, upgrade your business management technology.  An integrated payroll and human resources management solution can streamline payroll activities as well as position your business for ACA compliance.  Workforce Go! is a powerful payroll management solution that integrates Intacct® and the AmeriFlex Workforce Management Solution.  This single, centralized solution can save valuable time by reducing redundant data-entry between paper-based systems or other software programs.  With one-click transaction entry, you avoid the lengthy, confusing process of importing and exporting data or reformatting reports for payroll processing and reporting.  In addition to improving the payroll process, you activate an ACA Module which captures the data needed for ACA reporting.  You easily manage benefits, attendance, and payroll data; efficiently prepare the reports needed for ACA compliance; and avoid the stiff penalties and fines for non-compliance.

Payroll has always been an important process for your business and employees and with upcoming ACA reporting requirements, it’s become even more important than ever.  Save time, reduce the risk for errors, and streamline the payroll and ACA reporting process by improving your business technology.  Contact BTerrell Group for more information about Workforce Go! HRMS and Payroll for Intacct® and other solutions that support payroll activities and ACA compliance.

By BTerrell Group, an Intacct Premier Partner and Sage ERP Partner