November 2024 Australia
This release primarily focuses on resolving a variety of issues to enhance the overall user experience.
In addition to these resolutions, we have made updates to the print and display features of some form’s worksheets. These updates aim to improve the clarity and efficiency of printed materials.
Further enhancements to our print and display capabilities are scheduled for our upcoming December release.
ONESOURCE Corporate NextGen release notes
Change | Description |
|---|---|
Sundry STI adjustments {A15} Various adjustments – permanent {D1} Various adjustments – temporary {B6} Fixed assets – TEA proof {C4} | Sundry adjustments and TEA-proof data extraction reports are now available. |
Consolidated Company Tax template | The formatting of member entity names consisting only of numbers has been updated to display them correctly. |
Revenue losses – automation {A2} Revenue losses {A3} (Company Tax) | The group-to-group consolidation of unrecognised revenue losses has been updated. |
Sub-consol export – Group losses – capital {A5A} | The current period loss formula which was previously pointing to total capital losses has been updated. |
Balance sheet {B} (Company Tax) | R&D carry forward amount will now calculate correctly for the head entity. |
Various adjustments – temporary {B6} | Workpaper will now roll forward correctly from NextGen to NextGen |
Trading stock current and non-current {BE} | A manual adjustment option for opening tax values has been added via the “Is the tax value the same as accounting value?’ toggle. |
Current Tax {T1} | Immediate tax deduction will now transfer from Fixed assets – tax – intangible – mining and exploration {CB5} . |
Temporary difference analysis {TX2} | The equity column has been updated to include the total Non-STI Adjustment for Sundry DTA and DTL from the Sundry DTA/DTL workpaper.{BV} Taxation of financial arrangements workpaper have been updated.{BW} |
Unrecognised amounts brought forward {T3B} Unrecognised – current period {T3J} Unrecognised amounts carried forward {T3L} | The group-to-group consolidation of unrecognised revenue losses has been updated. |
Temporary differences movement reconciliation {T5} | The Sundry DTL line item now triggers correctly. |
Income tax note {T8} (Company Tax) | The other disclosure section has been temporarily hidden pending further review. |
Income tax note {T8} | Non-temporary adjustment from Taxation of financial arrangements will now transfer correctly.{BW} |
Income tax note {T8} (Company Tax) Temporary difference movement reconciliation {T5} (Company Tax) | Revenue loss formulae and Temporary differences not brought to account have been updated to cover all loss scenarios. |
Tax account reconciliation {T6A} | The closing balances per prior year tax return for DTA and DTL are now editable when no prior period exists. |
Company Tax return {RA} | When entering percentages, they’ll now display with % at the following labels:
|
Company tax return {RA} Losses schedule {RJ} {RK} |
If you experiencing blank pages on print with upgrade, select Reset all Page Breaks \ |
Losses schedule {RJ} | Use of + and – removed and replaced with “ADD” “SUBTRACT” |