Administration tasks in Longview Tax

As Tax Administrator, it is your responsibility to prepare Tax Provision for the upcoming tax cycle and to monitor the system during the cycle. The following table lists administration tasks throughout the tax cycle, including preparing the system and performing a rollover to the next period.

Task	For more information see…
Configure Tax Provision system settings	“Configuring system switches” “Configuring system preferences” “Configuring Current Tax automation settings” “Configuring Deferred Tax automation settings” “Configuring Net Income Before Tax automation settings” “Configuring Tax Account Rollforward data transfer” “Configuring Interim settings” “Configuring Multi-Regional Provision” “Configuring symbol defaults” “Configuring hierarchy settings” “Configuring rounding factors” “Configuring folder paths”
Update time periods	Updating Tax Provision time period descriptions
Update currencies	Working with currencies
Add or update entities	“Adding jurisdiction entities” “Adding legal entity groupings” “Adding automation groups” “Adding legal, branch, and branch elimination entities” “Adding partnership entities” “Assigning owner entities” “Adding alternate hierarchy entities” “Working with regional groups” “Updating entities”
Add and configure chart of accounts	“Working with chart of accounts”
Add and configure net income before tax accounts	“Adding NIBT accounts” “Modifying NIBT account default settings” “Overriding NIBT account default settings for an entity or automation group”
Add or update any permanent and temporary difference accounts	“Adding book-tax difference accounts” “Modifying book-tax difference account default settings” “Overriding book-tax difference settings for an entity or automation group”
Configure national and regional deferred tax accounts	“Modifying current and deferred tax default settings” “Overriding deferred tax default settings for an entity or automation group”
Configure tax account rollforward settings	Configuring tax account rollforward data transfer
Configure interim accounts	Modifying interim account allocation method settings
Configure regional modifications	Maintaining Tax Provision accounts
Add and configure additional accounts	“Adding regional permanent and temporary difference accounts” “Modifying default settings for regional modifications” “Overriding regional modification settings for a region”
Update other dimensions	“Maintaining Tax Provision details” “Maintaining Tax Provision segments” “Maintaining Tax Provision elements” “Maintaining Tax Provision controls”
Create users and groups	“Working with users” “Working with user groups”
Initialize beginning balances using the related input apps	“Initializing your system during implementation”
Update chart of accounts data using the related input apps	“Loading chart of accounts data”
Update FX Method Rates	“Updating FX Method Rates”
Update FX method override rates	“Updating the FX method rate override table”
Load the foreign exchange rates using the related input apps	“Updating and reviewing foreign exchange translation rates” “Updating foreign exchange return-to-provision rates”
Update the National Tax Rates for the current and deferred provisions using the related input apps	“Updating and reviewing national tax rates”
Update the Regional Tax Rates for the current and deferred provisions using the related input apps	“Updating and reviewing regional tax rates”
Initiate Return to Provision Transfer (ASC) or Prior Year Adjustment Transfer (IAS)	“Initiating manual Return to Provision Transfer” “Initiating manual Prior Year Adjustment Transfer
Alert the tax department that the system is ready for use
Monitor the system	“Monitoring Data Locks” “Monitoring Events” “Monitoring Events Status” “Monitoring User Submissions”
When the tax period is over, perform a rollover of the system.	“Running the Tax Provision rollover”

Published: May 07, 2024 20:22

Administration tasks in Longview Tax

Task	For more information see…
Configure Tax Provision system settings	“Configuring system switches” “Configuring system preferences” “Configuring Current Tax automation settings” “Configuring Deferred Tax automation settings” “Configuring Net Income Before Tax automation settings” “Configuring Tax Account Rollforward data transfer” “Configuring Interim settings” “Configuring Multi-Regional Provision” “Configuring symbol defaults” “Configuring hierarchy settings” “Configuring rounding factors” “Configuring folder paths”
Update time periods	Updating Tax Provision time period descriptions
Update currencies	Working with currencies
Add or update entities	“Adding jurisdiction entities” “Adding legal entity groupings” “Adding automation groups” “Adding legal, branch, and branch elimination entities” “Adding partnership entities” “Assigning owner entities” “Adding alternate hierarchy entities” “Working with regional groups” “Updating entities”
Add and configure chart of accounts	“Working with chart of accounts”
Add and configure net income before tax accounts	“Adding NIBT accounts” “Modifying NIBT account default settings” “Overriding NIBT account default settings for an entity or automation group”
Add or update any permanent and temporary difference accounts	“Adding book-tax difference accounts” “Modifying book-tax difference account default settings” “Overriding book-tax difference settings for an entity or automation group”
Configure national and regional deferred tax accounts	“Modifying current and deferred tax default settings” “Overriding deferred tax default settings for an entity or automation group”
Configure tax account rollforward settings	Configuring tax account rollforward data transfer
Configure interim accounts	Modifying interim account allocation method settings
Configure regional modifications	Maintaining Tax Provision accounts
Add and configure additional accounts	“Adding regional permanent and temporary difference accounts” “Modifying default settings for regional modifications” “Overriding regional modification settings for a region”
Update other dimensions	“Maintaining Tax Provision details” “Maintaining Tax Provision segments” “Maintaining Tax Provision elements” “Maintaining Tax Provision controls”
Create users and groups	“Working with users” “Working with user groups”
Initialize beginning balances using the related input apps	“Initializing your system during implementation”
Update chart of accounts data using the related input apps	“Loading chart of accounts data”
Update FX Method Rates	“Updating FX Method Rates”
Update FX method override rates	“Updating the FX method rate override table”
Load the foreign exchange rates using the related input apps	“Updating and reviewing foreign exchange translation rates” “Updating foreign exchange return-to-provision rates”
Update the National Tax Rates for the current and deferred provisions using the related input apps	“Updating and reviewing national tax rates”
Update the Regional Tax Rates for the current and deferred provisions using the related input apps	“Updating and reviewing regional tax rates”
Initiate Return to Provision Transfer (ASC) or Prior Year Adjustment Transfer (IAS)	“Initiating manual Return to Provision Transfer” “Initiating manual Prior Year Adjustment Transfer
Alert the tax department that the system is ready for use
Monitor the system	“Monitoring Data Locks” “Monitoring Events” “Monitoring Events Status” “Monitoring User Submissions”
When the tax period is over, perform a rollover of the system.	“Running the Tax Provision rollover”

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Administration tasks in Longview Tax

Administration tasks in Longview Tax

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