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Transfer data

How Estimated Taxes and Income Tax handle specific processes

Consolidations

ONESOURCE Income Tax refreshes Organizer data in the consolidated binder every time you process a consolidation. When you lock consolidation entity data in Estimated Payments, the system transfers the information to the parent member of the consolidation to avoid the consolidation refresh process.
In the case of a multi-tiered consolidation, where a sub-consolidation or divisional consolidation is the parent of a top consolidation, the system transfers the Estimated Payments information to the parent of the lower-tier consolidation.
When you modify the data of the parent assignment of a consolidated binder after previously transferring data, the system automatically removes the transferred estimated payment data from the old parent binder. You must unlock and relock the data in order to transfer it to the new binder.

Binder Identification

The transfer functions automatically when there's only one binder for the entity. When there are 2 or more binders, the system needs Binder Identification information for the selected jurisdiction in order to process the transfer.
When you modify Binder Identification information for an entity after a prior transfer, the system automatically removes the transferred estimated payment information from the old binder for only the related jurisdiction. You must unlock and relock the information in order to transfer it to the new binder.

Entities without binders

After locking entities in Estimated Payments, any entities without binders in your filing groups will automatically transfer the information to ONESOURCE Income Tax in Tax Payments once you create the binder.

Filing groups

In order for data associated with a consolidated filing group to transfer, there has to be a consolidated entity assignment in Estimated Payments. You can modify the assignment by going to
Setup
,
Filing Groups
,
Entities
, and then
Edit
.
In the case of a separate filing divisional consolidation entity, the system allows you to lock the divisional consolidation entity and its members. If the parent entity is locked concurrently with the divisional consolidation entity, only data from the divisional consolidation will transfer from Estimated Payments to the parent binder in Income Tax.

This article applies to:

  • PRODUCT: ONESOURCE Estimated Payments,ONESOURCE Income Tax

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