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This article applies to:

  • Product: ONESOURCE New Tax Provision

Lead Sheets

In
Review & Edit
,
LEAD SHEETS
 are used to review your balances for Total Tax Provision (Benefit), Deferred Tax Asset ( Liability) or (Payable) Receivable. Within the Lead Sheet grid, you can review the line item name and it's value.
Three Lead Sheets are available:
Provision
,
Deferred
, and
Payable
.
note
A Lead Sheet is not available for Effective Tax Rate (%) as the ETR value is derived from the provision lead sheet.
To review the Lead Sheet data for your Units and Sub-Consolidations.
  1. Select a
    BASE DATASET
     to see all Units and Sub-Consolidations that are active for that dataset.
  2. Select a
    LEAD SHEET
     from the drop-down list.
  3. Select to change between the Reporting and Local currency.
  4. Use the Data Menu Bar to, export, and print data in the grid.
  5. Select the
    UNITS/SUBCONSOLIDATIONS
     drop-down list to view and select a different unit or sub-consolidation.
  6. Select Manage Units to see all of the units for the selected dataset.
note
You can export the Lead Sheet to create a pre-defined pivot table that includes the Code, Class & Subclass.
Lead Sheet - Manage Units

Provision

The
Provision Lead Sheet
 data provides information showing you how the system calculated the Summary value.
When you hover on the
Total Tax Provision Expense
, the definition appears showing you the calculation.
When you hover on the
Effective Tax Rate
, the definition appears showing you the calculation.

Deferred

The
Deferred Lead Sheet
 shows a summary of the deferred amounts for the Federal + State + FBOS. In the unit's column, you can review the Tax Effected values for the deferred entries.

Payable

The
Payable Lead Sheet
shows a summary of the payable amounts. The activity uses the Txn Types (CPROV - Payable Auto Posting) set up for the payable. The system determines the BBAL- Beginning Balance, Ending Balance, and CTA balance.
note
The Payable Lead Sheet requires some configuration to review the payable entries.