Skip to main content

Legal

Tax & Accounting

Trade & Supply

Risk & Fraud

News & Media

Books

Developers

My Datasets

Transfers

In the
Transfers
 tab, you can transfer a partial or full balance from one unit to another. In
Transfers
, you can use the
Transfer Wizard
 to set up the unit transfer. You can transfer units that have the same Federal Ending Deferred rate and the same Ending Deferred FX rate. You may need to make an adjustment to account for any State Rate differences that occur during the unit transfer.
To transfer deferred/payable balances from one unit to another:
  1. In
    MANAGE UNITS
    , for a unit select the
    MORE
     drop-down list.
  2. Select
    Properties
     for a unit and that unit becomes the Source/Target unit.
  1. In the
    General
     tab, select
    Yes
     to activate the
    TRANSFERS
     tab.
  2. Select the
    TRANSFERS
     tab and the
    DATA TRANSFER SUMMARY
     page opens.
  3. Select
    TRANSFER WIZARD
     to open the
    Transfer Unit Data
     page.

Transfer Unit Data

In the
Transfer Unit Data
 page, the Source Unit is the unit where you selected
More > Properties
.
  1. Select the
    Target Unit
     from the drop-down list.
  2. For
    Transfer Data
     you can choose from the options,
    All Data
    ,
    Percentage
    , or
    Custom.
    • All Data
       at 100%.
    • Percentage
       and then type a percentage.
    • Custom
       to transfer an amount of a particular adjustment.
  3. For Transfer Items you can choose from the options,
    Temporary
    ,
    Payable
    , and
    Temporary And Payable
    .
    • Temporary
       to transfer the deferred balances.
    • Payable
       to transfer the payable balances.
    • Temporary & Payable
       to transfer deferred and payable balances.
  4. Select
    Next
     to open the Transfer Unit Data
    Component Selection
     page.
  5. You can select the following
    Temporary Diffs
     and
    Payable
     Components to Transfer.
    • Federal Temp Diffs - Tax Basis
      .
    • Federal Temp Diffs - Book/Tax Basis
    • Federal After Tax Temp Diffs - Tax Basis
    • Federal After Tax Temp Diffs - Book/Tax Basis
    • Federal NOL Temp Diffs - Tax
  6. Select
    Next
     to make your
    Temporary Difference Class Selections
    .

Transfer Classes -Temporary Differences

To set up the Classes to transfer with temporary differences, you will select classes for the Temporary Differences. The Classes are set up in Administration within Manage Options. You can select
Classes/Subclasses
 to review the classes set up for Transfers.
  1. Select
    Transfer Out Current Class
    .
  2. Select
    Transfer Out Non-Current Class
    .
  3. Select
    Transfer In Current Class
    .
  4. Select
    Transfer in Non-Current Class
    .
  5. Type
    Notes
    , if desired.
  6. Select
    Yes
     to
    Review Transfer Payable
    .
  7. Select
    Next
    .

Transfer Classes - Payable

To set up the Classes to transfer with payable balances, select classes for the Payable Balances. The Classes are set up in Administration within the Manage Options. You can select Classes/Subclasses to review the classes set up for Transfers.
  1. Select
    Transfer Out Class
    .
  2. Select
    Transfer Out Transaction Type
    .
  3. Select
    Transfer Out Transaction Bucket
    .
  4. Select
    Transfer In Class
    .
  5. Select
    Transfer In Transaction Type
    .
  6. Select
    Transfer In Transaction Bucket
    .
  7. Type
    Notes
    , if desired.
  8. Select
    Yes
     to Review Transfer Payable data.
  9. Select
    Next
    .

Review Transfer

If you select
Yes
 to
Review Transfer for Temp Diffs
 and
Payable
 data, the Next pages lets you review the balances for each transfer. If no balances are transferred the Total Selected line will equal zero.
  1. Review the
    Ending Balance
    .
    • The Balance from the Source Unit.
  1. Review the
    Transfer Amount
    . The Balance to Transfer.
    • Review the
      Total Selected
      .
  1. Select
    Next
    .
  2. For the Final Review, select
    By checking this box, you agree to transfer selected data immediately
    .
  3. Select
    Save
    .

Review Data Transfer Summary

The data transfer information appears on the
Jobs
 page.
  • Source Unit
     - the balances transfer from the Source unit.
  • Target Unit
     - the balances transfer to the Target unit.
  • Transfer Data
     - the data selected to transfer. For example, All or Selected will appear depending on selections made during the set up.
  • Transfer Items
     - the items selected to transfer. For example, Temporary or Payable will appear depending on selections made during the set up.
  • Date
     - the date of the transfer.
  • User
     - the user that transferred the data.

This article applies to:

  • PRODUCT: ONESOURCE Tax Provision