Skip to main content
Administration
Search
Search New Tax Provision (ONESOURCE) Support Help and Support.

This article applies to:

  • Product: ONESOURCE New Tax Provision

Temporary Differences in Administration

In
Administration
 >
Manage Units
 >
Temporary Differences
 you can create Temporary Differences for entering data.
To add Temporary 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.
  4. Select
    NC- Non-Current
     or
    C-Current
     for the Default Type option.
To import a new Temporary Difference, complete the appropriate fields on the #CTD# Temporary Differences sheet in the Import Categories template.

Code and Name

The Temporary 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 Temporary Difference name.
  • You can delete Temporary Difference codes/names that have no data entered for them in any dataset.
  • The Temporary Difference code and name appear in reports.

Included for State

Determine if the temporary 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

Use
Custom
 to add custom allocations on a state by state basis and abide by specific state rules.
note
  • By default, the Default Type is set to NC-Non-Current. To change the Default Type going forward, you can manually update or export the Categories, update to the proper types and then import them.
  • The default conditions setup at administration level may be modified at the dataset level. This allows prior datasets to be preserved at the 0% or 100% settings with manual entries. This also allows datasets going forward to have different % applied on a state by state basis.
  • The administrator has the ability in Manage Configurations to designate a Default Type of C-Current / N-Non-Current to a Temporary Difference. Also, the administrator may disable the drop-down list so that only the Default Type is available. Because there are cases when the Current / Non-Current default type is overwritten, the Default Type can be set up by the administrator to be overridden for any line item.
  • See your Administrator if you have questions about the Default Type set up in the system.