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Administration

Payable Advanced Functionality Parameter

You can use the
Payable
 tab to set up the system parameters for reports. By selecting
Administration > System > Manage Configurations > Advanced Functionality > Payable
 you will find the following report parameters.
Parameter
Procedure
Payable Functionality (Recommended)
Activates the Payable functionality which includes the data entry, posting and reports. This functionality works properly when the Simple Liability Functionality is not activated.
Select
Yes
 to activate the Payable Functionality (Recommended).
note
To use the Payable Functionality, the simple liability and the liability tabs should be de-activated. If you are importing the system parameters, SHOW_SIMPLELIABILITY and SHOW_LIABILITY are set from a paramvalue of 1 to 0.
If you are using the Liability Functionality, the data must be migrated before using the Payable Functionality. For more information, contact your client manager or the ONESOURCE Tax Provision Support team (Call 877 829 5969, option 2 or email provisionsupport@thomsonreuters.com).
Limit Payable Date Range
Removes the date restriction allowing data entry for the payable with dates that are outside the dataset period. For example, a 2013 full year dataset is not restricted to entries from 1/1/2013 to 12/31/2013.
Designate Calendar/Fiscal Year for Posting
You can select No offset or the Month for the Payable auto posting entries.
  • Calendar year filers will select No offset.
  • Fiscal year filers will select -1 to -11.
    The offset option is 12 minus the number of months left in the year to arrive at the fiscal month. For example, select -3 for a September fiscal year, -6 for a June fiscal year.
If importing, the FISCAL_MONTHS_OFFSET system parameter with a paramvalue of 0 designates a calendar year when the dataset parameter is set to auto-post. This parameter is used when the auto-posting dataset parameter is activated and the posting is based on a fiscal rather than a calendar year.
  • Entering a paramvalue of -1 to -11 adjusts the auto posting date to reflect a fiscal year. The paramvalue should be the fiscal month minus 12.
  • Ending balances roll over to create beginning balances with the code BBAL and a date of fiscal year end plus 1 day. For example, if the paramvalue is -3, CPROV posts with a date of 9/30/CY and BBAL posts with a date of 10/1/CY.
Payable Reclass Functionality
Allows for the Payable Reclass functionality which uses the Dataset configuration to determine how the unit(s) computed payable is reclassed and posted on another unit.
Enable Tax Adjustments Payable Mapping Functionality
Select
Yes
 to activate the Tax Adjustments Payable Mapping functionality. The mapping page then appears within dataset administration in
My Datasets
 >
More
 drop-down list. The dataset level mapping allows you to designate the posting in the payable rather than using the system defaults.
Configure on a dataset by dataset basis.
Enable Payable Summary Entry
Select
Yes
 to activate the Payable Settings and Payable Summary Entry data entry screens.
Number of Custom Tabs to display
Select 1 or 2 to determine if the Payable Summary entry will have 1 or 2 Custom Tabs.
Custom Tab Name 1
The text entered is the Custom Tab Name 1 for the Payable Summary data entry screen.
Custom Tab Name 2
The text entered is the Custom Tab Name 2 for the Payable Summary data entry screen.
Enable Reclass Tab
Select
Yes
 - Items entered on the Reclass tab can only be saved when the Amount Total nets to zero for items on the page.
Reclass Tab Name
When the Reclass Tab is enabled, the text entered will rename the Reclass Tab for Payable Summary Entry.
Transfer Payable Transaction Type
Select the default value from the list for the Payable Transaction Type in Transfer In and Out for the source and target units.

This article applies to:

  • PRODUCT: ONESOURCE New Tax Provision