Cumulative Temporary Differences

Cumulative temporary differences data can be layered with the book balance sheet to build a Tax Basis Balance Sheet and Income Statement.

•	In the Manage Tax Basis/Tax section, determine the mapping of cumulative temporary differences to trial balance accounts.

•	The upper section of the Tax Basis / Return Mappings screen and the input for Sch L are used for Export to Return functionality and the Tax Basis Income Statement.

•	Each cumulative temporary difference can only be mapped to one trial balance subline. Therefore, it may be necessary to create additional sublines to map cumulative temporary differences properly.

•	The system shows the cumulative temporary beginning balance, as well as activity that occurred during the period.