Tuesday Feb 16, 2016

Affordable Care Act (ACA) Employer Information Reporting Requirements for Reporting Year 2015

We would like to make you aware of some recent E-Business Benefits patch releases that provide important updates concerning the Affordable Care Act (ACA) Employer Information Reporting requirements for reporting year 2015. As has been mentioned in previous announcements: In order to accommodate the Employer Information Reporting requirements under the Affordable Care Act, Oracle Development is following a "phased" approach by delivering a series of patches that supply what is required for supporting Forms 1094-C and 1095-C.

Since the beginning of this year, the following ACA Reporting-related patches have been released for Release 11i*, 12.1 and 12.2 customers.

2015 ACA Consolidated Reporting Patch - I**

Patch Highlights:

  •  New multi threaded concurrent process for printing employee/recipient Forms 1095-C
  •  New options to rearchive a single employee's data and/or print (or reprint) a Form 1095-C for a single employee via the View Employee Archive Data Page.
  •  Miscellaneous additional bug fixes

Please see the following readme's on My Oracle Support for full details:

  • Document 2098441.1 - 2015 Employer Shared Responsibility Reporting Under the Affordable Care Act - Consolidated Reporting Patch Functional Readme for Release 12.1 Customers
  • Document 2098463.1 - 2015 Employer Shared Responsibility Reporting Under the Affordable Care Act - Consolidated Reporting Patch Functional Readme for Release 12.2 Customers

**Note that the 2015 ACA Consolidated Reporting Patch - I includes both ACA Reporting Phase I and Phase II patches.

2015 ACA Reporting Phase II ***

Patch Highlights:
  • Additional Setup for ACA (optional)
  • New Concurrent Programs to archive and print the necessary Employee 1095-C data as well as the ability to purge the archived data, if needed.
  • New View Employee Archive Data Page

Please see the following readme's on My Oracle Support for full details:

  • Document 2089792.1 - 2015 Employer Shared Responsibility Reporting Under the Affordable Care Act - Phase 2 Functional Readme for Release 11i Customers
  • Document 2089776.1 - 2015 Employer Shared Responsibility Reporting Under the Affordable Care Act - Phase 2 Functional Readme for Release 12.1 Customers
  • Document 2089761.1 - 2015 Employer Shared Responsibility Reporting Under the Affordable Care Act - Phase 2 Functional Readme for Release 12.2 Customers

*** Note the 2015 ACA Reporting Phase II patch includes the 2015 ACA Reporting Phase 1 patch.
**** Note that the Release 11i 2015 ACA Reporting Phase II patch also includes both the 2015 ACA Reporting Phase 1 patch AND the ACA Consolidated Reporting Patch - I updates (and more).

Further patches will be forthcoming in early 2016 that will provide EBS US Standard and Advanced Benefits customers with the ability to input data for COBRA eligible employees (those who gained eligibility due to reduction of hours) when COBRA is administered by a third party. This will include eligibility/offer and cost information along with details on the coverage of the COBRA employee and dependents in self-insured plans. Additionally, further "consolidated reporting" patches will also be released that contain important ACA Reporting-related bug fixes. Future patches will also deliver the ability to file/transmit employer information returns electronically with the IRS. Please note Oracle Development will not be supporting paper filing with the IRS.

More information on the Affordable Care Act can found on My Oracle Support in

  • Document 2007993.2 – Information Center: Oracle HRMS (US) – Affordable Care Act (All Application Versions).

This page provides information on the Employer Shared Responsibility Provisions and Reporting as well as other Affordable Care Act information by providing links to the following whitepapers (and other documents) on My Oracle Support:

  • Document 2052173.1 - US HCM & Benefits Affordable Care Act High Priority Alert
  • Document 2052175.1 - Oracle EBS US Benefits & HCM Affordable Care Act Mandatory Patches
  • Document 1597102.1 - Oracle E-Business Suite Advanced Benefits Position Statement: Patient Protection and Affordable Care Act 2010 & Affordable Care and Education Reconciliation Act 2010
  • Document 1930035.1 - Oracle E-Business Suite Advanced Benefits Position Statement: Employer Shared Responsibility Reporting
  • Document 1990141.1 - Oracle E-Business Suite: Patient Protection and Affordable Care Act 2010: Using System Extract to View Eligible Employee Service Hours
  • Document 1542487.1 - Oracle E-Business Suite US HR & Payroll Position Statement: Employer Shared Responsibility Provisions Under the Affordable Care Act
  • Document 1091444.1 - Oracle E-Business Suite US Payroll Position Statement: Patient Protection and Affordable Care Act 2010 & Affordable Care and Education Reconciliation Act 2010

Also, you can ask questions or start discussions about the ACA on My Oracle Support Community with members of Oracle Development and Support or other customers by going to the Compensation and Benefits - EBS (MOSC) and clicking on Category Affordable Care Act (ACA). In this Community, you may also find links to recent Advisor Webcasts on the Affordable Care Act along with followup questions & answers (Q&A).


*Important Note:

Please note that the 11i patch is only available to those customers who have purchased continuing legislative support for the US HRMS localization as the 11.5.10 Sustaining Support Exception (which includes tax, legal, and regulatory updates for US and Canadian HRMS customers on Release 11.5.10.CU2) ended 31 December, 2014. To obtain any 2015 ACA Reporting patch, Release 11i US Payroll customers will need to consult the following documents on My Oracle Support which contain critical information as to when regulatory/statutory support ends as well as additional support coverage options that are available:

  • Document 1495337.1 - ANNOUNCEMENTS: E-Business Suite 12.1 Premier Support Now Through Dec. 2016 and 11.5.10 Sustaining Support Exception Updates
  • Document 1494891.1 - E-Business Suite Releases - Support Policy FAQ
  • Document 1596629.1 - ANNOUNCEMENT: Additional Coverage Options for 11.5.10 E-Business Suite Sustaining Support

Thursday Oct 01, 2015

EBS General Ledger - Accounting Hub Reporting Cloud Service

Oracle Accounting Hub Reporting Cloud Service provides excellent reporting and analytics capabilities along with real-time access to information and latest accounting numbers. Drilldown to EBS balances, journals and subledger transactions is also available. 

The integration between the Accounting Hub Reporting Cloud Service and E-Business Suite Release12 continuously streams balances from EBS,

  • providing immediate access to updated financial data
  • supporting quick business decisions
  • offering enhanced reporting options with minimal effort, cost or risks
EBS General Ledger setups are loaded automatically to the Accounting Hub Reporting Cloud Service:
  • charts of accounts
  • calendars
  • hierarchies
  • ledgers
  • balances
Sample financial reports are already available!  

We encourage you to benefit and improve your business with Oracle ERP Cloud Service.

Check this Whitepaper today! 

Accounting Hub Reporting Cloud Service for E-Business Suite Customers (Doc ID 2034564.1)
Oracle ERP Cloud Welcome Note (Doc ID 1499539.1)

Tuesday Dec 30, 2014

Financial Reporting Using Excel? Get Some Hints!

Report Manager, as part of Oracle Applications E-Business Suite is a powerful tool allowing users to publish, store and customize reports results in order to meet complex business reporting requirements. Being integrated to work with Excel and General Ledger - Financial Statement Generator (FSG), it allows users to get a personalized look for their reports. 

Using Excel for reviewing and analyzing financial reports brings great advantages, such as:

  • making use of many Excel formatting options - bold heading, colors, pictures, logos
  • performing calculations directly on the report's output
  • presenting the report in a well-organized manner, using Excel worksheets
  • creating graphical representations of the results presented in the report output 
excel_output

Are your users familiar with Excel? Do you need to pick between Report Manager and BI Publisher? 

Best Practices for Excel-based Financial Reporting with E-Business Suite Release 12 (Doc ID 1936523.1

Check this first!

Friday Mar 28, 2014

Using Additional Currencies for Reporting Purposes in General Ledger

The need to report in additional currencies may occur at any time to satisfy legal, statutory or management supplementary reporting requirements. This is also a good option to be considered if you operate in countries with highly inflationary economies.

In General Ledger this can be accomplished using

  • Reporting Currencies - where the need is to simply maintain transactions in multiple currencies
  • Secondary Ledgers - where the main purpose is to represent transactions in a different accounting method, calendar, currency, chart of accounts

You may configure any of these setup alternatives to comply with your Generally Accepted Accounting Principles circumstances.

Add Secondary Ledger, Why The Primary Ledger is in Use?

qm1

But what if the business requirement comes after your Primary Ledger is already in use?

What would be the impact of such setup changes?

Would this change be permitted? 

The answer is Yes!

We Can accommodate such a change, find out How in

Impact of Newly Added Alternate Ledger Currency(ALC)/Secondary Ledger in Release12 (Doc ID 1479782.1)

This document provides a complete impact analysis for new installs or upgraded instances regarding

  • Business flows
  • Accounting and Reversals
  • Validations
  • Non-upgraded data options

We made it EASY to get meaningful balances in Any Currency, Anytime!


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