Core Calculation

The provision calculation is independent of the General Ledger account structure. Accounts impacted by ONESOURCE Tax Provision's calculated amounts include:
  • Accounts assigned during the journal entry configuration.
  • Accounts mapped for each Journal Entry.
  • Each General Ledger account mapped to one or more ONESOURCE Tax Provision's Calculation and one or more book account.
The following chart shows the type of Data entry fields found in the system and their impact on the calculation for reporting.
Current Tax Provision
Deferred Tax Provision
Ending Balances
Current Activity
X
X
X
Deferred Only Adjustments
N/A
X
N/A
Balance Sheet Only Adjustments
N/A
N/A
X
Tax Adjustments
X
N/A
N/A
Core Calculation Overview