Compute balance data
Reset journal and force recompute
Reset Journal and Force Recompute will clear all ledger records and then compute all Journal records.
If you utilize a rate override chart in the balance import process or when making adjustments in the journal or aggregate ledgers, there are times you may need to use Force Recompute. If you compute your balance data and then determine you need to add, delete, or amend a rate override in the chart, you can make the needed changes and then execute Force Recompute.
In the balance import process or when making adjustments in the journal or aggregate ledgers, if you utilize a global exemption chart to assign exemption codes to calculated exemptions, there are times you may need to use Force Recompute. If you compute your balance data and then determine you need to add, delete, or amend entries in the global exemption chart, you can make the needed changes and then execute Force Recompute.
Create zero journal entries for missing locations
If you need locations reported even if there are no transactions for the reporting period, once you have completed importing your balance import files and or added data using Input, you can invoke the Create Zero Locations option. This option computes your journal records and scans the journal entries to see if there are records for any locations where you haven't suppressed the Forced Zero Location option in Locations within Entity Configuration. If there isn't a record for these locations, activating Create Zero Locations compute will create zero records for those locations in the Journal, perform a compute, and create records in the Ledger that will then be transferred into the tax returns.
note
- A tax area must be mapped for the locations within Locations in order for a record to be created.
- Tax type assignment for locations without transaction records for a tax period are assigned the same tax types as other locations within a state when using the Create Zero Locations feature. If there aren't any transactions for a state, tax type assignment will be determined by the Default Zero Location Tax Type processing option on the Entity Settings window.
- If you have multiple import files where locations aren't inclusively contained in each of the files, and you perform a Create Zero Locations compute prior to importing all balance data, you may end up with extra records in your Journal and Ledger that are not necessary. If this is the case and you want to import and view Ledger records between processing import files, you can use Compute in lieu of Create Zero Locations compute for viewing ledger records after each of the interim imports. After importing the final import file you should execute Create Zero Locations.
Rollup monthly balances on compute
The purpose of
Rollup
is to roll up balance data you have imported or input on a monthly basis into aggregate numbers for quarterly, semi-annual or annual filing. When you're ready to file your quarterly, semi-annual, or annual returns, create a binder for the appropriate frequency and interval.Clear previous rollup and recompute current binder only
If at any time you need to back out the aggregation of balance data from the ledger, you can use
Clear Rollup
to do so. This option will clear the ledger and also clear the records in the Journal that were added in a previous rollup and then run compute on the current binder.