November 22, 2024

New features

We've introduced

Blended

as a new feature in the ONESOURCE State Apportionment import. Now, you can import blended state rates into ONESOURCE Tax Provision.

We added a new row with the same column headers as the existing ones, marked with a note indicating Blended. The green row for
State Apportionment Rate
and
End State Apportionment Rate
cells are editable.
We also introduced 2 new columns, Effective State Tax Rate and Effective End State Deferred Tax Rate, to help calculate the State Tax Rate and End State Deferred Tax Rate for Blended.
When you select
Populate Data to Provision
, ONESOURCE Tax Provision activates the blended state (BS) for that unit. For a newly activated jurisdiction, it automatically sets the default deductibility and apportionment rates to 100%.
If the blended state is already active for a unit, the blank import won’t change any existing data in
State Apportionment Rate
and
End State Apportionment Rate
for that unit.
When you populate data to ONESOURCE Tax Provision using the Blended option, the system won't add a file to the Global Attachments folder.

Read-Only Access
: User can view assigned datasets, units, or subconsolidations without modification rights.
Read/Write Access
: User can access and update APIs for assigned datasets within defined responsibilities.
Administrator Access
: User can manage system configurations and access high-privilege APIs.
Import/Export Permissions
:
Data: Restrict dataset imports/exports to authorized roles.
Categories: Manage category imports/exports based on role permissions.

Enhancements

When you use state posting, True-Up postings now consider the apportionment rate and inclusion percentage for State Tax Rate override determination, as long as the target dataset doesn’t use 0 for either.
You'll post the Effective Tax Rate by using both the source and comparison dataset tax rates, apportionment rates, and inclusion percentages. Then, divide by the target dataset apportionment and inclusion percentage at the time of posting.
If you make subsequent changes to the target dataset's beginning apportionment or inclusion percentage, consider making a new True-Up posting.
You no longer need the parameter PYADJTAG in the Deferred Book/Tax Detail report. This change lets you map the values to the
Book/Tax PY Adj
columns when using
True-Up
in the data entry screens.
We added a True-Up section to the following legacy reports:
Tax Provision
State Tax Provision

Post to Ending Updates:
When you enable Post to Ending for Temp Diff - Tax Basis, the column indicated for the data entry rule will no longer be editable from the Rollforward tab. This change is because it is now a calculated value.
Busy Loader for Large Data Imports:
When you import large datasets using Bridge Import, the
Data Entry Rule
dropdown will display a busy loader due to the time required for processing large data volumes. Additionally, a busy loader is now present on the
Preview
tab, considering the extended time needed for huge datasets.

We enforced the FX Rate permissions in Global Access import. Previously, the Global Access import function let you add FX Rate updates even when the Weighted FX Rate permission was unchecked. This led to incorrect payable reports and delayed quarter-end closures.
Now, the import function respects this permission set up. It only updates the FX Rate when you place a checkmark in the permission, preventing updates when it's unchecked.
Validation rules for
Administration
,
System
,
Manage Users
,
User Roles
, then
Permissions
tab:
If Weighted FX Rate (Read Column) is checked, then you can't import or update FX Rate values during Excel file imports.
If Weighted FX Rate (Read/Write Column) is checked, then you are able to import and update FX Rate values.

Closed issues

We've addressed the following issues for improved reporting quality:
The Currency Translation (CTA_SYS) amount was not shown.
The total didn’t match for Balance Sheet Adjustments.
The rate change column for Net Operating Loss (NOL) items didn’t display a tax rate change.

Previously, if you created a new interim dataset by copying an existing one, the saved reports were not transferred, even if you selected the
Copy Shared Report
option.
This update ensures reports are now copied correctly to new interim datasets, enhancing data management and reporting consistency.

Known issues