Inputting Top-Side Reporting Currency Adjustments For Net Income Before Tax

Tax Provision allows you to enter top-side adjustments, which are adjustments that are recorded after the legal entity general ledgers have been closed.

NIBT Reporting Currency Only Adjustments input app (NA0299)

Use this input app to provide flexibility when the translations in the tax database may not match the financial statements.

To make NIBT reporting currency only adjustments:

1. In the Tax Provision navigation pane, click Data Collection.
2. Expand National Annual.
3. Use the drop-down list or the symbol selector to select the appropriate entity. For more information, see Using the Symbol Selector.
4. Click NA0299 - NIBT Reporting Currency Only Adjustments.lvapp. The app opens in the workspace.
5. Select the leaf reporting currency from the SourceC — Source Currencies hierarchy to input the reporting currency adjustment.

   Note: The input adjustment amount is transferred to the appropriate translated symbol for the reporting currency and the functional currency of the entity. For example, an adjustment input to reporting currency USD for an entity with functional currency EUR is transferred to USDEUR, which is then rolled into the TUSD amount.

6. Enter adjustments for the following element for the current year:
   1. RepCurAdjNIBTPL — Reporting Currency Only Adjustment - NIBT: Reporting currency only adjustment to impact the net income before tax.
7. When you are finished, click Submit.