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Tax Adjustment Payable Mappings

By using the
Tax Adjustment Payable Mapping
 option, you can designate how the adjustments with the NC_ (Non-Cash Tax Adjustments) are posted into the Payable. You can determine how adjustments such as NC_RTP, NC_ATR, NC_OTHER,NC_FIN48 and other items are posted.
An administrator can use one or both of the following options to setup dataset parameters within the application. You can select both parameters to activate the functionality and configure other Non Cash tax adjustment codes posted to the payable.
To set up the parameter for all datasets to configure specific Non Cash tax adjustment code(s) to post to the payable:
  • You can check both boxes and use a combination of the two methods. For example, if you want to manually configure all the NC_ adjustments except NC_RTP, NC_ATR, NC_OTHER you would check the Post NC_ to payable with system mapping, and utilize the existing functionality. Next, select the Post NC_ to payable with manual mapping, to enable the manual mapping functionality.
The following options appear in the bottom left of the Tax Adjustment Payable Mapping page. Select these options to post payables.
  • Post NC_ to payable with manual mapping.
  • Post NC_ to payable with system mapping.
To activate the functionality to post the Non Cash tax adjustment code(s) NC_RTP, NC_ATR, NC_OTHER to the payable, select
Post NC_ to payable with system mapping
.
  • Select the tax adjustments for payable mapping.
You will find the Tax Adjustment Payable Mappings are available at the Federal and State tax adjustment levels.
  1. Select the
    Code-Description, Tax Adj. Tag
     or
    Class & Subclass
    ,
    Fiscal Year
    ,
    Txn Type
    ,
    Txn Bucket
    , and
    Payable
    Tag
     or
    Payable Class & Subclass
    .
  2. Select the
    Code-Description
    .
The Payable Tag and Classes determine how the adjustment will be sorted within the Payable. You can configure the settings on a NC_ basis if you want to set up a parameter.

This article applies to:

  • PRODUCT: ONESOURCE Tax Provision