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Data Entry

Payable Entry

In the
DATA ENTRY
 list, you select the
Payable Entry
 component to enter federal and jurisdiction data.

General Information

Here are some points to consider before selecting data entry fields:
  • To maximize the payable functionality, ensure that the Payable Functionality reflects the activity in the taxes payable account.
  • You must activate the Payable Functionality Parameters in
    Administration
     >
    System
     >
    Manage Configurations
     >
    Advanced Functionality
    .
  • Automatic posting from the calculated provision to the payable is activated with a dataset parameter in
    My Datasets
     >
    More
     >
    Payable Settings
    .
  • Amounts are entered as debit or credit.
  • To import information to the Payable Entry page, complete the appropriate fields on the #FL# Fed Liability Txns sheet, #SL# State Liability Txns.

Data Entry Fields

The
Payable Entry
 component grid includes the following columns.
The following list contains grid options and descriptions for the
Payable Entry
 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 Payable Entry.
Unit Name
The Unit Name is established by an Administrator for the Payable Entry.
Currency Symbol
The Currency Symbol is established by an Administrator for the Payable Entry.
Fiscal Year
The fiscal year should be the year to which the payable entry relates.
Jurisdiction
The jurisdiction defaults to FED when data is entered at the unit level.
Txn Type
The options that display are established by an Administrator for Manage Payable Transaction Types.
Rollup
You cannot select a rollup; the column is provided for viewing purposes. The "Rollup" is defined in "Administration" to allow the roll up of user-defined lines.
Txn Bucket
The options that display are established by an Administrator for Manage Payable Buckets.
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.
Amount
Negative amounts increase and positive amounts reduce the taxable payable account. Amounts should be entered in local currency.
Date
The dates are limited to the dates within the dataset year. However, you can select dates outside the dataset year, by activating the system parameter , Limit Payable Date Range, to remove the single year restriction.
FX Rate
The weighted average rate on the date of the entry can be entered.
Description
A description is required for each entry. If you do not enter a description, a message appears "Please check your entries for accuracy."
Note
You can type notes to supplement the adjustment. You can access a history of the Notes within "Data Source History."
note
The administrator has the ability to lock beginning balances and the Beginning Bal column does not allow data entry for Read/Write Users.

This article applies to:

  • PRODUCT: ONESOURCE Tax Provision