NEEDHAM, Mass., July 27, 2015 /PRNewswire/ -- AccuFund, Inc. (www.accufund.com), provider of top-rated nonprofit accounting and fundraising solutions, provides Affordable Care Act reporting capabilities for its payroll customers. The emergence of the Affordable Care Act (ACA) has implications on reporting for organizations with 50+ full time equivalent employees and self-insured employers of all sizes.
In addition to understanding new ACA reporting requirements, organizations are challenged with assessing their financial system's ability to meet these pressing guidelines and understand if any additional monthly 'per employee fees' will be incurred.
"We are happy to report AccuFund's ACA solution is in place and current clients are already implementing. AccuFund prides itself on helping customers stay ahead of the reporting curve, continuously providing software enhancements to meet the evolving needs of our customers. ACA is the latest example of reporting requirements that can be addressed and managed within our software; AccuFund Payroll includes ACA reporting functionality at no additional charge; specifically no 'per employee fee,'" explains Peter Stam, AccuFund President.
The AccuFund Payroll component tracks detailed timesheets for each employee for each payroll period including the earnings distributed by department or project, pre-tax deductions, taxes, post-tax deductions, non-payroll earnings, employer costs and accruals. It is integrated with the Human Resources module which provides unlimited tracking of personnel information and now even integrates with AccuFund's Affordable Care Act solution; allowing the necessary tracking, reporting and e-filing.
"The benefit to our customers goes beyond just fulfilling new ACA reporting guidelines; the peace of mind knowing it runs as part of the overall payroll function, without having to maintain a 3rd party product, is invaluable," adds Stam.
AccuFund, Inc. provides top-rated financial solutions designed specifically for nonprofits, foundations and government entities, available as cloud (software as a service) or on-premise. The Accounting Suite includes all modules organizations expect, plus specialized modules such as Endowment Accounting, Grants Management and Allocations. For more information, call 877-872-2228, Email or visit www.accufund.com/payroll .
Peter J. Stam, President
400 Hillside Ave.
Needham, MA 02494
Phone: 781-433-0233 Fax: 781-453-0460
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/accufund-implements-affordable-care-act-reporting-capabilities-for-payroll-customers-300118000.html