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Classes-Subclasses

You can add multiple classes and subclasses to the system. ONESOURCE Tax Provision provides a default class and subclass. A description can define a subclass. The combination of the class and subclass makes the tax adjustment entry unique.
There are 5 different classes:
  • Data Entry
  • Systems
  • Flow-Through
  • Transfer
  • True-Up

Lock a class

Select
Lock
to lock the class, which prevents you from deleting it, changing its name, or removing assignments. A lock appears next to the class.
Default
Select
Default
 to select the default class and subclass.
Horizontal and vertical view
Select
Horizontal
 or
Vertical
 to change the view from Horizontal to Vertical.
Expanded and contracted view
You can view the entire list of classes and subclasses when you expand the view.
  1. Select
    Expand
     next to the class to view the subclass.
  2. Select
    Expand
    again on the subclass to view the description.

Data entry

Users define Data Entry classes and subclasses. An administrator assigns these classes and subclasses to tax adjustments. User groups receive assignments of system classes.
Default class
DEF - Default
Default subclass
Default - Default

System

ONESOURCE Tax Provision creates system classes and subclasses. It applies these automation classes and subclasses to certain tax adjustments. The system assigns the classes to user groups.
Default subclasses
Auto - System Automation
  • AMT
    - AMT Automation
  • CTA
    - CTA
  • Default
    - Default
  • NOL
    - NOL Automation
  • PAYABLE
    - Payable Posting
  • PAYABLE
    - Payable Reclass
  • VA
    - VA Automation
Estim Pay
- ONESOURCE Estimated Payments
  • Default
    - Default
Estim Pay IncTax
- ONESOURCE Income Tax
OCT_AU
- ONESOURCE Corporate Tax AU
OCT_UK
- ONESOURCE Corporate Tax U.K.
RTP
- Return to Provision
State App
- ONESOURCE State Apportionment

Flow-through

Users define Flow-Through classes. ONESOURCE Tax Provision creates the subclasses. The system assigns these classes to tax adjustments. An administrator assigns system classes to user groups.
Default class
FT - Flow Through

Transfer

Users define Transfer classes. ONESOURCE Tax Provision creates the subclasses. The system assigns these classes to certain tax adjustments. An administrator assigns system classes to user groups.
Default class
XFR - Transfer

True-up

There are 2 default True-up classes, and users can define additional ones. ONESOURCE Tax Provision creates the subclasses. The system assigns these classes to tax adjustments. An administrator assigns the system classes to user groups.
Default classes
  • TU-Book
  • TU-Tax

New classes and subclasses

The class identifies each line entered in the originating source.
To add classes and subclasses:
  1. Select
    Administration
     and then
    Manage Data Options
    .
  2. Select
    Classes/Subclasses
     and then one of the classes. For example, select
    Data Entry
    .
  3. Select to add a new class or subclass, and then enter the new class code.
  4. Select
    Display Name same as Code
     to remove the option.
  5. Enter the
    Display Name
    .
  6. Select
    Sub-Tier
     of and then Class. For example, select
    Default, GL Automation
    , or
    Pre-Tax Book Income
    .
  7. Select
    OK
    .

Edit classes and subclasses

To edit classes and subclasses:
  1. Select the class or subclass, then select
    Edit
    .
  2. Select
    Edit Class/Subclass
    .
  3. Enter the new class name, then select
    OK
    .

Delete classes and subclasses

To delete classes and subclasses:
  1. Select the
    Class/Subclass
     and then select
    Delete
    .
  2. Select
    OK
     to delete, or select
    Cancel
     to close without deleting the class/subclass.

This article applies to:

  • Product: ONESOURCE Tax Provision