1095-C Record Keeping

1095-C Record Keeping

Easily Add, Edit and Maintain 1095-C Form Data


Gathering the information required to complete Form 1095-C presents a unique challenge to many businesses. Form 1095-C includes employer and employee data as well as payroll and benefits information. Collecting information from these various departments sometimes involves multiple IT systems, data integration and continuous maintenance.

Included with your Yearli Performance subscription is a custom data entry form that allows you to enter 1095-C information in one easy, secure location. Best of all, this program was designed to allow you to easily add, edit, update and delete information required for reporting on Form 1095-C. Data will remain in Yearli Performance until December. At that time, the data may be submitted (federal e-file and recipient delivery).

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ALE Info (Employer)

Lines 7-13 on Form 1095-C

Yearli Performance makes it easy to manage employer information required on Form 1095-C. Enter each employer's information once and Yearli's data entry form will automatically add it to each employee's 1095-C form.

Yearli's data entry form includes features to make data entry quick and easy, such as:

  • Multiple Employers: Keeping 1095-C records for more than one employer? Yearli Performance allows you to easily enter and maintain multiple employers. Convenient drop-down arrows provide easy organization and reference for each EIN.
  • Data Validation: Yearli's data entry form will flag you if you enter invalid employer data, such as EIN. This happens on field-by-field basis. So, you don't have to wait until you are finished with the form to before you are flagged for invalid data.
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Employee Info

Lines 1-6 on Form 1095-C

Entering employee data into Yearli Performance is extremely easy. Yearli's data entry form allows you to quickly toggle between employees from the same company, making data entry a snap. You can even save partial or incomplete data. That way, if you need to go back and get additional information you can. Simply return to the form data entry form at a later time and add the incomplete information. It's as easy as that!

  • Data Validation: Yearli's data entry form will flag you if you enter invalid employee data, such as SSN or zip code. This happens on field-by-field basis. So, you don't have to wait until you are finished with the form to before you are flagged for invalid data.
  • Multiple Forms: Adding additional forms for an employee is easy. Once the data is entered, you can easily use the same employee data to complete a W-2 form, for example.
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Employee Offer and Coverage

Lines 14-16 on Form 1095-C

Yearli Performance consolidates the data entry in the Employee Offer and Coverage to one convenient location. All applicable IRS codes are contained in a drop-drown tool, minimizing user error while providing easy to reference all available codes. Select codes for each month or choose all 12 months for faster data entry. The Employee Offer and Coverage section of the Yearli Performance data entry form is organized to easily populate all three IRS code categories:

  • Offer of Coverage
  • Employee Share of Lowest Cost Monthly for Self-Only Minimum Value Coverage
  • Applicable Section 4980H Safe Harbor
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Covered Individuals

Lines 17-22 on Form 1095-C

The Yearli Performance data entry form allows you to easily add, edit or remove covered individuals for each employee. Select each month individually or choose all 12 months for faster data entry.

  • Data Validation: The fields in the covered individuals section contains validation to ensure you are compliant with IRS regulations, requiring you to enter "SSN" or "Date of Birth," for example.
  • Quick List: The covered individuals section provides a list of all covered individuals listed under the employee, providing easy reference with the ability to add, edit or delete covered individuals.
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Support

Understanding all of the rules associated with the Affordable Care Act can be confusing, but we're here to help. Greatland has full-time experts dedicated to understanding ACA reporting compliance. We'll help you better understand the ACA reporting requirements and guide you through the process of filing your forms to the IRS and sending copies to your employees.

Throughout our site you'll find self-help features, with links to IRS instructions, tips, codes and more. Search our knowledgebase for ACA articles or contact us directly through online chat, email or by phone. We triple our support staff during peak filing time, with extended hours throughout the week and on Saturdays. Quite simply, you will not find better support anywhere in the industry.