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This article applies to:

  • Product: ONESOURCE Tax Provision

Intercompany Transactions

In
Administration
 >
Manage Units
 >
InterCompany Transactions
 you can create InterCompany Transactions for entering data.
To add InterCompany Transactions:
  1. Select
    Administration
     >
    Manage Units
    .
  2. Select
    Add
     and then type the
    Code
     and
    Name
    .
  3. Select the
    State Paying Entity
     and
    State Receiving Entity
     options, if needed.
To import a new InterCompany Transaction, complete the appropriate fields on the #ICOTXNT# Inter Co Txn Types sheet in the Import Categories template.

Code and Name

  • The InterCompany Transaction Codes is user-defined and can be any combination of alpha and numeric characters, including spaces, up to 60 characters.
  • You can edit an existing InterCompany Transaction name.
  • You can delete InterCompany Transaction codes/names that have no data entered for them in any dataset.
  • The InterCompany Transaction code and name display in reports.

Receiving and Paying State Treatment

Determine if the InterCompany Transaction federal values will be Included for State calculations.

Include for State at Paying/Receiving Entity

Select the appropriate check box to designate whether the adjustment will be included at the paying or receiving entity.