Scenario 1 of a Divisional Consolidation
This consolidation scenario is a Typical Divisional Consolidation, where you enter the federal and state Organizer data in the division binders.
Location of data entry
Data | Division binder | Divisional Consolidation (Div Con) binder |
|---|---|---|
Federal data in Organizer | yes | no |
State data in Organizer | yes | no |
Tax Accounting System (TAS), State Workpapers, Data Entry, State A&A | yes | no |
TAS, State Workpapers, Data Entry, State TI | yes | no |
Binder properties
Binder properties | Division binder | Div Con binder |
|---|---|---|
Binder rollup selected | n/a | no |
A&A logic / cross-reference assigned | yes | no |
State TI mappings assigned | yes | no |
TAS compute options - division binders
TAS compute options | Division binder |
|---|---|
Update Organizer with Federal TAS | yes |
Update Organizer with State A&A | yes |
Update Organizer with State TI TAS | yes |
TAS consolidation options - Div Con binder
Update Organizer with | Div Con binder |
|---|---|
Federal TAS | no |
State A&A | no |
State TI | no |
What to consolidate
What to consolidate | Div Con binder |
|---|---|
Federal | yes |
State A&A | yes |
State TI | yes |
Organizer | yes |
Organizer options
Organizer options | Division binder | Div Con binder |
|---|---|---|
Add / activate the state | no | yes |
Select states to combine / consolidate | n/a | yes |
Add / activate A&A area | yes | no |
Select A&A to combine / consolidate | n/a | yes |
Consolidation steps
- For each division, enter:
- Federal TAS
- Federal Organizer
- State Organizer
- TAS State A&A
- TAS State TI modifications
- Compute the divisions.
- In Organizer, select 1 of the following entity types:
- If the entity's a member of a consolidation, set as a Subsidiary.
- If the entity's a parent of a consolidation, set as a Parent company.
- If the entity's a tax-paying entity, set as a Single company.
- Consolidate.
