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Search Tax Provision (ONESOURCE) Support Help and Support.

This article applies to:

  • Product: ONESOURCE Tax Provision

Pre-Tax Book Income Policies

You can use various policies within the
PTBI Data Entry Policy
 drop-down list and enter the
Wghtd Avg FX Rate
 to calculate reports. The default PTBI Data Entry Policy is
Enter Local, FX; Calc USD
.

PTBI Data Entry Policy

There are five options for entering Pre-Tax Book Income, which are determined by the data entry policy. From the PTBI Data Entry Policy drop-down list, select the desired PTBI policy.
To change the PTBI Policy:
  1. Select
    My Datasets
    .
  2. For a dataset, click the
    Units
     button and the Manage Units page opens.
  3. In Manage Units, click the
    More
     drop-down list to see the options for the unit administration.
  4. Select
    Rates
    .
  5. Click
    Change
    .
  6. Select one of the following policies to calculate data for reporting:
    • Enter USD, FX and Calc Local
    • Enter Local, USD and Calc FX
    • Enter Local, USD and FX
    • Enter Local, USD, FX and Calc Rounding
      Policy
      Local Currency PBT
      Reporting Currency PBT
      FX Rate
      Rounding
      Enter Local, FX and Calc USD
      Entered
      Calculated
      Entered
      N/A
      Enter USD, FX and Calc Local
      Calculated
      Entered
      Entered
      N/A
      Enter Local, USD and Calc FX
      Entered
      Entered
      Calculated
      N/A
      Enter Local, USD and FX
      Entered
      Entered
      Entered
      N/A
      Enter Local, USD, FX and Calc Rounding
      Entered
      Entered
      Entered
      Calculated
note
If
Enter Local, USD and Calc FX
 policy is selected and the Local PTBI equals zero:
  • The system attempts to compute the reporting by dividing zero by the Weighted Average FX and returning "unknown," with no amounts displaying in reporting currency. To display amounts in reporting currency, select another PTBI policy and enter the Weighted Average FX.
  • Reports in reporting currency display with the message: "Unit(s) included in the report have an Unknown Weighted Average FX. Amounts in those units will be excluded in reporting currency.
  • When using the last two policies, Effective Tax rates may differ in Local Currency and Reporting Currency because the PTBI is using a different Weighted Average rate than the entered Weighted Average.
  • When using the last policy, the rounding amount is included on a separate line in the Effective Tax Rate report.
  • Regardless of the policy selected, amounts other than the PTBI are converted at the entered Weighted Average or Spot rate.