H.R.6201 Families First Coronavirus Response Act and Sage 300 CRE US Payroll

If you use Sage 300 CRE US Payroll, the following Knowledgebase articles are now available to assist you in complying with HR 6201 Families First Coronavirus Response Act:

This article describes how to set up pay IDs for emergency family and medical leave and emergency paid sick leave.

This articles describes how to include the new pay IDs on a new report.

For more information, please refer to the https://www.irs.gov/newsroom/treasury-irs-and-labor-announce-plan-to-implement-coronavirus-related-paid-leave-for-workers-and-tax-credits-for-small-and-midsize-businesses-to-swiftly-recover-the-cost-of-providing-coronavirus

We also encourage you to work with your Sage Business Partner or consultant if you need additional assistance, and continue to follow this forum for any updates or process changes for your product as a result of this new law.

Parents
  • Is there a report that we can use for the CARES Act, specifically the Paycheck Protection Program application?  The SBA loan application asks you to provide an Average Monthly Payroll number.  But, the payroll costs are capped at $100,000 annualized for each employee.  What is the best way to figure this out?  What are the best reports, or are ones being written?  We can start submittal for the loans tomorrow, so time is of the essence.  Thank you.

Reply
  • Is there a report that we can use for the CARES Act, specifically the Paycheck Protection Program application?  The SBA loan application asks you to provide an Average Monthly Payroll number.  But, the payroll costs are capped at $100,000 annualized for each employee.  What is the best way to figure this out?  What are the best reports, or are ones being written?  We can start submittal for the loans tomorrow, so time is of the essence.  Thank you.

Children