Federal consolidation checklist
- All the individual entities are in balance.
- CheckAccess,Diagnostics and Overridesfor the individual entities.
- Make sure all entries to Organizer have been made at the same level.
- Re-compute each entity on the latest version of the product.
- Verify if the state file uses different entities than the federal.
- If so, check if there's a separate consolidation and elimination return for the state.
- If using Summary A&A, make sure the area's activated and the information entered in the data entry or Organizer/Overrides folder in each parent and subsidary.
- Make sure all state general information was entered in the parent and subsidiary return.
- Has the state you're combining been activated for each entity within the combined report, including the elimination return?
- Review and perform state combined processing instructions.
- Enter detail for a few forms in the Top Consolidation.
- Enter eliminating entries. All reverse amounts should be entered as a negative.
- Indicate the state to combine on the consolidation return.
- Consolidate TAS with the Organizer - Subsidiary listing selected.
- Review members.
- Select forms to consolidate.
- Indicate the state to combine on the consolidation return.
- Activate all states to be combined.
- Compute all members, including the elimination return.
- Enter consolidated overrides.
- Select print and calculation options.
- Perform the consolidation in Organizer.
- Review each combined state from the Tax Form Combined Report.
- CheckAccess,Diagnostics and Overridesin the consolidated return.
- Print the state combined return.
Related Content
-
About federal consolidations
Format:
Article,
2 min read
-
State consolidation checklist
Format:
Article,
1 min read
-
Consolidate in Organizer
Format:
Article,
3 min read
