Simple Journal Entry (default view)
The simple Journal Entry Report is the default view of the Journal Entry report. The simple journal entry report shows journal entries with a fixed number of book and tax accounts. The system uses the fixed set of book values for tax accounts from the Taxes Per Book page.
The report output is in a fixed format. However, you can export it to Excel to customize the report.
- No breakout of assets/liabilities, current/non-current
- No reference to GL Accounts
- Not in Debit/(Credit) format
- Not Configurable
To access the simple journal data entry page select
My Datasets > Units > More > Other > Taxes Per Book
.For example, the system calculates adjustments for the following book accounts:
- Current Tax Expense is $100 on books
- Tax Provision calculates Current Tax Provision of $106
- Adjustment of $6 needed to Current Tax Expense
Taxes Per Book - Fixed Set of Book Values for Tax Accounts
The system creates each journal entry by comparing the following:
- ONESOURCE Tax Provision value
- Book value
- Difference: ONESOURCE Tax Provision and Book
note
You can also view journal entry (JE) reports using configurable JE or custom JE functionality.