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Deferred Provision Only Adjustment

The adjustment to the deferred tax provision expense is presented in the tax provision report as a separate line item and impacts the Effective Tax Rate. The deferred expense amount does not have a related deferred tax asset or liability associated with it. If you use the
Deferred Provision Only Adjustment
, additional support to justify the expense for the provision may be required. You can find the Deferred Provision Only Adjustment field in
My Datasets > Units > More > Rates
note
An administrator can configure the
Deferred Provision Only Adjustment
 field as Read-Only or remove it from the
RATES
 page using the system parameter, DISABLE_DEFERREDPROVONLY.
To activate the Deferred Provision Only Adjustment functionality:
  1. Select
    Administration > System > Manage Configurations >Admin > Other
    .
  2. Select the option
    Enabled
    ,
    Read Only
     or
    Disabled
     from the list.

This article applies to:

  • PRODUCT: ONESOURCE Tax Provision