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Administration

Permanent Differences

In
Administration
 >
Manage Units
 >
Permanent Differences
 you can create Permanent Differences for entering data.
To add Permanent Differences:
  1. Select
    Administration
     >
    Manage Units
    .
  2. Select
    Add
     and then type the
    Code
     and
    Name
    .
  3. Select
    None
    ,
    All
    , or
    Custom
     for the Included for State option.
To import a new Permanent Difference, complete the appropriate fields on the #CPD# Permanent Differences sheet in the Import Categories template.

Code and Name

  • The Permanent Difference Codes is user-defined and can be any combination of alpha and numeric characters, including spaces, up to 60 characters.
  • You can edit an existing Permanent Difference name.
  • You can delete Permanent Difference codes/names that have no data entered for them in any dataset.
  • You can see the Permanent Difference code and name in reports.

Included for State

Determine if the permanent difference federal values will be Included for State calculations.

None

0% flows from the Federal to the States.

All

100% flows from the Federal to the States.

Custom

You can use Custom to add custom allocations on a state by state basis and abide by specific state rules.
note
The default conditions setup at the administration level can be modified at the dataset level. This lets you preserve prior datasets at the 0% or 100% settings with manual entries. This also lets datasets going forward have different % applied on a state by state basis.

This article applies to:

  • PRODUCT: ONESOURCE New Tax Provision