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Data Entry

After Apportionment Temporary Differences - Tax Basis

In the
DATA ENTRY
 list, you select the
After App Temp Diffs - Tax Basis
 component to enter federal and jurisdiction data.

General Information

Here are some points to consider before selecting data entry fields:
  • The
    Activity
    ,
    Deferred
    , and
    Balance Sheet Only
     column amounts impact the tax provision differently.
  • Tax Basis Temporary Difference screens allow you to enter amounts as purely tax balances, with or without book or net of book.
  • Each state after apportionment temporary difference line defaults to being tax affected using the unit rate. The beginning and ending state and unit rates can be overridden on a line-by-line basis. If only the beginning or ending rate is overridden, you must populate the fields for both rates. If a field is not populated, it defaults to a zero rate
  • Each state after apportionment temporary difference line is tax affected by the default state rates as defined under the State Details page.
  • Enter temporary differences that are applicable for the state, but not for federal purposes.
  • Tax Basis Temporary Difference pages allow you to enter amounts as purely tax balances, with or without book or net of book.
  • To use the same
    Code - Description
     for multiple line entries, you must use a different
    Tag
     letter or
    Class/Subclass
     combination for each line.
  • You can edit the
    Attachments and Comments
     as well as any field that is highlighted in blue.
  • For a list of the required template worksheets see Data Entry Components, #SAATD# St AfterApp TD-Tax Bas.
The following information is not applicable for the
Interim Forecast
, and
Estimated Payments
 datasets.
  • Two tabs are available:
    DETAIL
    and
    ROLLFORWARD
    . You can add and edit data in both sections.
  • Administrators use Dataset Parameters Reference to control the information in this page. The DEFAULT_TD_TAB controls which tab(s) you see, and RESTRICT_TD_TABS controls who can enter data within the tab(s).
  • The system computes the Tax-Book Difference using the book and tax amounts in the
    DETAIL
     tab. This information flows to the
    ROLLFORWARD
     tab.

Data Entry Fields

The
After App Temp Diffs - Tax Basis
 component grid includes the following columns.
Grid Options
Description
Actions
Actions allow you to supplement the adjustment with detail. Select the paper clip icon to add an attachment.
Data Source
Data Source enables you to view the Data Source History.
Dataset
The Dataset selected in the Base Dataset drop-down list.
Unit Code
The Unit Code is established by an Administrator for the State After Apportionment Temporary Differences - Tax Basis
Unit Name
The Unit Name is established by an Administrator for the State After Apportionment Temporary Differences - Tax Basis.
Currency Symbol
The Currency Symbol is established by an Administrator for the State After Apportionment Temporary Differences - Tax Basis.
Jurisdiction
Jurisdiction lets you select the jurisdiction for the adjustment.
Code - Description
The Codes and description are established by an Administrator for the state after apportionment temporary differences.
Type
There are two types of temporary differences balances - Current and Non-Current. Select the type that best relates to the balance sheet account where the deferred tax asset or liability should be represented.
Tag
The tag letter identifies each line entered on the originating source.
Class
The class identifies each line entered in the originating source. The
DEF-Default
 is the default class and assigned in administration.
Subclass
The subclass identifies each line description entered in the originating source. You can select
Next Value
 as the subclass and the application generates the next "Code" number for the selected Code, Type and Class. The
Default-Default
 is the default subclass and assigned in administration.
Beginning Balance
The cumulative temporary difference balance rolls forward from the prior Dataset Types. The beginning balance can be overridden manually or with an import.
Activity
  • Activity Where to Enter Items in Onesource Tax Provision the current and deferred provision, as well as deferred balances.
  • Positive amounts increase and negative amounts reduce taxable income. Amounts should be entered in local currency. They are translated to reporting currency using the unit's weighted average FX rate.
Deferred
  • Deferred Where to Enter Items in Onesource Tax Provision the deferred provision, as well as the deferred balances.
  • Typically this entry type is used for the impact of valuation allowances or adjustments to prior year balances.
Balance Sheet Only
  • Balance only Where to Enter Items in Onesource Tax Provision deferred balances.
  • Typically this entry type is used for the impact of equity or other comprehensive income items.
  • The State Balance Sheet Only (BSO) adjustment on the Tax Provision report removes the BSO Adjustment from the State Deferred Provision.
Override Unit Rates
You can override the unit rates designated under Unit Details/State Details for a specific temporary difference line by clicking the Check to override unit rates check box.
Note
You can type notes to supplement the adjustment. You can access a history of the Notes within "Data Source History."

This article applies to:

  • PRODUCT: ONESOURCE Tax Provision