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Functionality

Payable Functionality

Use the Payable Functionality (Recommended) to track payments, refunds, and other adjustments in the taxes payable account.

Activating the Payable

By default, the system activates the Payable Functionality (Recommended) parameter. You can activate other System Parameters Reference and Dataset Parameters Referencefor additional Payable functionality.
  • To activate Payable system parameters select
    Administration
     >
    System
     >
    Manage Configurations
     >
    Advanced Functionality
     >
    Payable
    .
  • To activate Payable dataset parameters select
    My Datasets
     >
    More
     >
    Dataset Parameters
    .

Payable

  • The Payable is a component of the Provision dataset.
  • Users who previously used Liability tab functionality and now wish to use integrated dataset Payable functionality must first contact the Platform and Support's Customer Center group to ensure that data is properly migrated before the Payable functionality in the Provision dataset is activated.
  • If Liability tab functionality was never used, no migration is necessary.

Payable Set-Up

Configure the payable report by setting up items in
Administration
 >
Manage Payable
.
Activate the Payable Posting - Automatic of the current cash provision on a dataset-by-dataset basis.
The payable data entry default lets you enter only activity with dates within the dataset's period. To enter activity for any date, activate the system parameter, Adjust Payable Date Range. Activating the Adjust Payable Date Range removes the date restriction and allows data entry in the Payable with dates that are outside the dataset period. For example, you can enter data in a 2016 full year dataset with dates that are outside 1/1/2016 to 12/31/2016.

Payable Reporting

Use the two payable report types: Payable Rollforward and Payable Detail. Each report shows the payable information in a different format and has various views to adjust the report's format.
Payable Functionality System Parameters
See for information about assigning Transaction Types to a Custom Tab for the Payable Summary.

This article applies to:

  • Product: ONESOURCE Tax Provision