Entity Manager overview
Use the
Entity Manager
module in ONESOURCE to set up single entities and then group them for reporting purposes. This flexibility lets you maintain complex group structures for consolidation purposes. Because the system does not impose any tax rules, an entity can be anything you want to report on (for example, company, trust, partnership, cost centre, or group). For each entity, basic information that is common between different types of tax reports can be stored (for example,
Short Name
and Entity ID
). Entities must be set up before any data can be imported and any calculations can be created. The same entities can be used in multiple groups for reporting purposes. For example, the same entity can appear in a tax consolidation group and in a statutory accounts consolidation group. From time to time, your organisation will change as entities are acquired, disposed of, or liquidated. When this occurs,
Entity Manager
must be updated to reflect new entities and structures, and it will keep a history of your structures on a daily basis.