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This article applies to:

  • Product: ONESOURCE Tax Provision

Tax Basis Mapping

In
Tax Basis Mapping
, you can layer Temporary Differences to create the Tax Basis Balance sheet. You can find the Tax Basis Mapping option in
My Datasets > More
 to create the mappings.
To create Tax Basis Mapping:
  1. Select
    Add
    .
  2. Select the
    Component Type
    ,
    Difference
    ,
    Debit
    ,
    Credit
    , and
    Contra Account
     (if needed).
note
Component Types available
: After Tax Temporary Differences, NOL Temporary Differences, Permanent Differences, Temporary Differences.
  1. Select
    Save Changes
    .
  • You will see Tax Basis Mapping only in Tax Provision datasets.
  • The Debit and Credit drop-down lists contain trial balance sublines and are used to configure the Tax Basis Balance Sheet and Tax Basis Income Statement.
  • The trial balance sublines are available in the Debit and Credit drop-down lists. The sublines remain in the lists, even after the sublines are assigned to a temporary difference.
  • You can map multiple temporary differences to the same trial balance sublines.
  • The same trial balance subline can be entered as a debit and credit for a single temporary difference.
  • A Temporary Difference will not appear in the Difference list, once you add it to Tax Basis Mapping.
  • To change or delete a Tax Basis mapping line, you must remove all data associated with the mapping.
  • When both sides post to the Balance Sheet, you can set one account as the offsetting Contra Account.
  • You can designate whether the debit account or the credit account has the reverse sign. Then, the two temporary adjustments will offset each other.
  • You can set one account as the offsetting Contra Account when you are setting up two Balance Sheet accounts and select a credit or debit balance for the entry.
  • The temporary difference and trial balance sublines are set up in the Trial Balance Sublines page in Administration.
  • The same trial balance subline can be entered as a debit and credit for a single temporary difference.
  • Trial Balance Sublines are set up in
    Administration
     >
    Manage Trial Balances
     >
    Trial Balance Sublines
    .