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You can set up the "Taxes Per Book" by using the "Other" option, Taxes Per Book tab. Taxes Per Book is available for Provision and Interim datasets.
To set up the taxes per book for a "Provision" dataset:
| 1. | In "Data Input", select Federal and then Unit Details. |
| 2. | Click Other and then Taxes Per Book. |
To set up the taxes per book for an "Interim" dataset:
| 1. | In "Data Input", select Actual, Federal and then Interim Unit Details. |
| 2. | Click Other and then Taxes Per Book. |
Screen Entry Fields
| • | Federal and State Current Provision: Amounts on the Trial Balance for the current provision tax expense. |
| • | Federal and State Deferred Provision: Amounts on the Trial Balance for the deferred provision tax expense. |
| • | Federal and State Deferred Balance: Amounts on the Trial Balance for the deferred tax assets and liabilities. |
| • | Federal and State Liability Balances: Amounts on the Trial Balance for the taxes payable. |
Notes:
| • | The accounts can be used for Journal Entry reports by comparing the balances and the provision calculations to arrive at the appropriate journal entries required to be posted for the period. |
| • | To import taxes per book information, complete the appropriate fields on the #U# Unit sheet in the Import Numbers template. For more information on importing, refer to the Importing Templates documentation. |
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