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This article applies to:

  • Product: ONESOURCE Indirect Tax,ONESOURCE Sales and Use Tax Compliance
  • Subject: Import,Binders

Balance Import wizard: Binder window

The
Binder
 window is the first of four windows on which you can make selections to optimize and personalize your import requirements. The
Binder
 window includes selections for entities, filing period, and binder.
If you're performing a Balance Import at the binder level, the binder has already been created and assigned to an entity and filing period. At the binder level, these selections are already set and are for review purposes only.
The following information's related to making selections for a balance import at the workarea level.

Entities selection

Workarea
In the Workarea list, select the workarea where the entities reside relevant to the balance import data. The default is the last workarea in which you processed data.
Entity selection
Balance Import at the workarea level facilities importing balance data for multiple entities in a single import. The default is All Entities in File. If you want to import fewer entities, select Selected Entities and then select entities from the Available Entities list.
In the Entity Code Chart list, select the chart containing the cross-references from your entity code to the entities you have created in the system.

Filing period selection

The section for filing period selection assigns your balance import data to a specific filing period. Rates and rules applicable to the selected filing period will be applied to your balance data during compute and transfer.
The four main filing periods are Year, Frequency, Period Type, and Interval.
Frequency
Select the frequency relevant to the balance import data.
A balance import file in many cases represents a month's worth of transactions, but the tax returns filed based on that month may have different filing statuses. Some tax returns may be filed monthly, while others are filed quarterly, semi-annually, or annually. If your balance import file data represents a month, in the Frequency list select Monthly. The rollup feature in Compute aggregates your data for tax return filing frequencies other than monthly.
Period type
While the roll-up feature in Compute will aggregate your data for tax return frequencies other than monthly, the standard is to do so based on calendar quarters or year. Product Type distinguishes standard calendar frequencies from some unique fiscal frequencies. In the Product Type list, select the appropriate product type for the selected frequency.
Product Type Selections
Monthly
Quarterly
Semi-annual
Annual
Standard monthly
Calendar quarter
Calendar semi-annual
Calendar year
N/A
NY quarter
N/A
NY fiscal year
N/A
N/A
N/A
DC fiscal year
Interval
In the Interval dropdown list, select the frequency interval that matches your balance import data. The default for a monthly frequency is the current month. The default for a quarterly frequency is First Quarter and the default for Semi-Annual is First Semi-Annual. The Annual frequency has one interval: Annual.
Interval Selections
Monthly
Quarterly
Semi-annual
Annual
January
First Quarter
First Semi-Annual
Annual
February
Second Quarter
Second Semi-Annual
N/A
March
Third Quarter
N/A
N/A
April
Fourth Quarter
N/A
N/A
May
N/A
N/A
N/A
June
N/A
N/A
N/A
July
N/A
N/A
N/A
August
N/A
N/A
N/A
September
N/A
N/A
N/A
October
N/A
N/A
N/A
November
N/A
N/A
N/A
December
N/A
N/A
N/A

Binder selection

A binder is needed to view and adjust your imported data and to further process your data through to the returns.
There are 5 types of binders:
  • Primary Filing
  • Alternate Filing
  • Analysis
  • Notices
  • Audit
The default is to use the primary filing automation binder. The default name for the primary filing automation binder is Primary Filing Filing Period, where Filing Period is the Interval and Year selected in the Filing Period section of the Binder window.
If you want to select an existing binder or create a binder instead of using the default, clear the Use primary filing automation binder selection. In the Binder Type list, select one of the five binder types.
In the Binder/Purpose Name section, if you want to select an existing binder, select Select Binder Purpose/ Name and in the list select a binder. If you want to create a new binder, select Create a New Binder Purpose/Name and enter a name for the new binder.

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