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Functionality

Payable Posting - Automatic

You can add a Dataset Parameter to let the provision automatically post to the Payable.
Current Provision Posting
Fiscal Year
Payable Txn
Payable
Cash Activity
N/A
N/A
N/A
Current Tax Provision excluding Tax Adjs with NC code
Dataset Year
CPROV
Calculated Provision
Non-Cash Activity
N/A
N/A
N/A
NC_RTP
Dataset Year minus 1
RTP
Calculated True-Up
NC_RTP_YEAR_NAME
Year entered after NC_RTP_
RTP
Calculated True-Up
NC_ATR
Dataset Year minus 1
ATR
Audit Settlement
NC_ATR_YEAR_NAME
Year entered after NC_ATR_
ATR
Audit Settlement
NC_OTHER
Dataset Year minus 1
OTHER
Other
  • The system posts the Federal amount in the Federal Payable Entry. You can add the parameter in
    Administration
     >
    System
     >
    Manage Configurations
     >
    Advanced Functionality
     >
    Payable Functionality (Recommended)
     >
    Yes
    . The system posts each state in that State’s Payable Entry. The automatic posting defaults to the payable bucket named LIAB, however, you can configure to other buckets at the Dataset, Unit, or Unit State level. The configuration is done by adding dataset, unit, or unit state parameters that all start with PAYABLE_.
  • The automatic posting uses 12/31 for the dataset year. To post for a fiscal year, the system parameter, System Parameters Reference, lets you determine a different month end. You can add the parameter by selecting
    Administration
     >
    System
     >
    Manage Configurations
     >
    Advanced Functionality
    . Select an option in the
    Designate Calendar/Fiscal Year for Posting
     list.
  • To return to manual entry, you can can turn off the automatic posting to the Payable module by deleting the Dataset Parameter or by changing the Key Value from Y to N.

This article applies to:

  • PRODUCT: ONESOURCE Tax Provision