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Search Tax Provision (ONESOURCE) Support Help and Support.

This article applies to:

  • Product: ONESOURCE Tax Provision

After Tax Temporary Differences - Book/Tax Basis

In the
DATA ENTRY
 list, you select the
AT Temp Diffs - Book/Tax Basis
 component to enter federal and jurisdiction data.

General Information

Here are some points to consider before selecting data entry fields:
  • The
    Activity
    ,
    Deferred
    , and
    Balance Sheet Only
     column amounts impact the tax provision differently.
  • To use the same
    Code - Description
     for multiple line entries, you must use a different
    Tag
     letter or
    Class/Subclass
     combination for each line.
note
The following information is not applicable for the
Interim Forecast
, and
Estimated Payments
 datasets.
  • Two tabs are available:
    DETAIL
    and
    ROLLFORWARD
    . You can add and edit data in both sections.
  • Administrators use Dataset Parameters Reference to control the information in this page. The DEFAULT_TD_TAB controls which tab(s) you see, and RESTRICT_TD_TABS controls who can enter data within the tab(s).
The system computes the Tax-Book Difference using the book and tax amounts in the
DETAIL
 tab. This information flows to the
ROLLFORWARD
 tab.

Data Entry Fields

The
AT Temp Diffs - Book/Tax Basis
 component grid includes the following columns.
The following list contains grid options and descriptions for the
AT Temp Diffs - Book/Tax Basis
 page.
Grid Options
Description
Actions
Actions allow you to supplement the adjustment with detail. Select the paper clip icon to add an attachment.
Data Source
Data Source enables you to view the Data Source History.
Dataset
The Dataset selected in the Base Dataset drop-down list.
Unit Code
The Unit Code is established by an Administrator for the After Tax Temporary Differences - Book/Tax Basis.
Unit Name
The Unit Name is established by an Administrator for the After Tax Temporary Differences - Book/Tax Basis.
Currency Symbol
The Currency Symbol is established by an Administrator for the After Tax Temporary Differences - Book/Tax Basis.
Jurisdiction
Jurisdiction lets you select the jurisdiction for the adjustment.
Code - Description
The Codes and description are established by an Administrator for the after tax temporary differences - tax basis.
Type
There are two types of temporary differences balances - Current and Non-Current. Select the type that best relates to the balance sheet account where the deferred tax asset or liability should be represented.
Tag
The Tag Letters letter identifies each line entered in the originating source.
Class
The class identifies each line entered in the originating source.
Subclass
The subclass identifies each line description entered in the originating source. You can select Next Value as the subclass and the application generates the next "Code" number for the selected Code, Type and Class.
Beginning Balance
The beginning balance rolls over from the prior period and should represent the remaining temporary differences for book and tax that should be allocated. The beginning balance can be overridden manually or with an import.
note
The administrator has the ability to lock beginning balances and the Beginning Bal column does not allow data entry for Read/Write Users.
Activity
  • The activity is the appropriate amount of the beginning balance based on the months entered. In a dataset that was not rolled over, you must populate this field.
  • Activity impacts the current and deferred provision, as well as deferred balances.
  • Positive amounts increase and negative amounts reduce the taxable income. Amounts should be entered in local currency. They are translated using the unit's weighted average FX rate to the reporting currency.
Deferred
  • Deferred impacts the deferred provision, as well as deferred balances.
  • Typically this entry type is used for the impact of valuation allowances or adjustments to prior year balances.
Balance Sheet Only
  • Balance only impacts deferred balances.
  • Typically this entry type is used for the impact of equity or other comprehensive income items.
  • The Balance Sheet Only (BSO) adjustment in the Tax Provision Report report removes the BSO Adjustment from the Deferred Provision.
note
You will need to activate the parameter to view the Audit Trail created when working with the Enhanced Integration transfer.
Ending Balance
The ending balance based on the months entered. In a dataset that was not rolled over, you must populate this field.
Enter Number
Select
Enter Activity
 or
Enter Ending
 to apply to both book and tax calculations
  • Enter Activity
     - You can enter data in Activity, Deferred, and Balance Sheet fields. The system automatically calculates the Ending balance, which is Read-Only.
  • Enter Ending
     - You can enter data in Ending Balance, Deferred and Balance Sheet fields. The system automatically calculates the Activity, which is Read-Only.
Months
The months entered for both book and tax are used to compute the ratable amount applicable to the period.
Note
You can type notes to supplement the adjustment. You can access a history of the Notes within "Data Source History."