After Tax Temporary Differences - Book/Tax Basis |
The After Tax Temporary Differences - Book/Tax Basis screen is accessed under Data Input > Federal in the Provision and Estimated Payments datasets and under Data Input > Forecast/Actual > Federal in an Interim dataset.
Provision dataset only
Provision and Estimated Payments datasets
Screen Entry Fields Code - Name The code and description are established by an Administrator for the after tax temporary difference.
Adj Type There are two types of temporary difference balances - Current and Non-Current. Select the type that best relates to the balance sheet account where the deferred tax asset or liability should be represented.
Tag The tag letter identifies each line entered in the originating source.
Class The class identifies each line entered in the originating source.
Subclass The subclass identifies each line description entered in the originating source. You can select Next Value as the subclass and the application generates the next "Code" number for the selected Code, Type and Class.
Months The months entered for both book and tax are used to compute the ratable amount applicable to the period.
Beginning Balance The beginning balance rolls over from the prior period and should represent the remaining temporary differences for book and tax that should be allocated. The beginning balance can be overridden manually or with an import. Note: The administrator has the ability to lock beginning balances and the Beginning Bal column does not allow data entry for Read/Write Users.
Enter Activity/Enter Ending Select Enter Activity or Enter Ending balance to apply to both book and tax calculations:
Activity
Deferred Deferred impacts the deferred provision, as well as the deferred balances.
Balance Sheet Only
Note: You will need to activate the parameter to view the Audit Trail created when working with the Enhanced Integration transfer. For more information on Enhanced Integration, see the Enhanced Integration User Manual.: The Balance Sheet Only (BSO) adjustment on the Tax Provision report removes the BSO Adjustment from the Deferred Provision.
Ending Balance The ending balance based on the months entered. In a dataset that was not rolled over, you must populate this field. |