Maintaining Tax Provision accounts
Maintaining Tax Provision accountsThe ACCOUNTS dimension contains all relevant tax accounts, key general ledger accounts (for example, pre-tax income accounts), and statistical data accounts. The symbols in this dimension are organized in the following categories:chart of accounts (for more information, see “Working with chart of accounts”)net income before tax accounts (for more information, s...
Working with chart of accounts
Working with chart of accountsYou can create and edit chart of accounts symbols using an import file. For more information on importing chart of accounts symbols and data, see the Tax Provision Implementer’s Guide.
Working with regional modifications
Working with regional modificationsIn Multi-Regional Provision systems, you can automate regional modifications using the Regional Modifications editor. You can automate the following accounts:Regional Permanent Differences. You can source these modifications from either the general ledger value or a national-level provision account (for example, a permanent or temporary difference account).Reg...
Working with tax account rollforward
Working with tax account rollforwardAs a Tax Administrator, you may want to organize and define the target structures for tax accounts. The structures support both ACCOUNTS and ELEMENTS dimension and while configured during implementation may require ongoing maintenance. Longview Tax allows for symbols to be added, modified, and configured.Adding tax account rollforward accountYou can add targe...
Working with tax account rollforward data transfer
Working with tax account rollforward data transferAs a Tax Administrator, you may want to specify the way data behaves for tax account rollforward. AsTo view and print the current configuration settings for Tax Account Rollforward Data Transfer, use the following reports:XCC0006 — Tax Account Rollforward Data Transfer Settings.rtpXCC1006 — Tax Account Rollforward Data Transfer Settings-Total Ta...
Working with book-tax difference accounts
Working with book-tax difference accountsYou can use the Book-Tax Differences editor to manage your permanent and temporary difference accounts. For information on configuring the system settings for book-tax difference accounts, see “Configuring Current Tax automation settings”.Book-tax difference calculation settingsUse this automation to calculate values in the current provision for permanen...
Working with net income before tax accounts
Working with net income before tax accountsYou can use the Net Income Before Tax editor to manage your net income before tax (NIBT) accounts. For information on configuring the system settings for NIBT accounts, see “Configuring Net Income Before Tax automation settings”.NIBT calculation settingsFieldNotesAutomate NIBT AmountsSelect this option to automatically transfer data to the current prov...
Working with loss, tax credit, and other accounts
Working with loss, tax credit, and other accountsYou can use the Loss, Tax Credit, and Other Accounts editor to manage additional account structures in reports. For information on configuring the system settings for loss, tax credit, and other accounts, see “Configuring Current Tax automation settings”.Loss, tax credit and other accounts report settingsFieldNotesCalculateThis field displays onl...
Working with current and deferred tax accounts
Working with current and deferred tax accountsYou can use the Current and Deferred Tax editor to manage settings for current and deferred tax accounts. When temporary difference symbols, as well as other symbols used in the Deferred Tax calculation, are added to the system, current and deferred tax accounts need to be updated. For information on setting up the default selections for the Current...
Working with interim accounts
Working with interim accountsYou can use the Interim Accounts editor to manage allocation method settings for interim accounts. The allocation method specifies settings for moving amounts from Current Provision input apps to forecast tax expense reports.To view and print the current configuration settings for interim accounts, use the following reports:XNF0803 or XNF1803 — Interim Account Curre...
Working with discrete item accounts in provision
Working with discrete item accounts in provisionYou can use the Discrete Items editor to create discrete item accounts and edit default or override properties of existing accounts. These properties control the automation calculation of the discrete items within the Interim ETR calculation.Discrete item accounts are present in the following individual hierarchies:NatIPCurT – Total Current TaxNat...
Working with discrete items in multi-regional provision
Working with discrete items in multi-regional provisionYou can use the Discrete Items editor to create discrete item accounts and edit default or override properties of existing accounts. These properties control the automation calculation of the discrete items within the Interim ETR calculation.Discrete item accounts are present in the following individual hierarchies:MSP_NatIPT – Total Interi...