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InterCompany Transaction information is managed in the InterCompany Transaction Entry screen under Data Input > Federal in the Provision and Estimated Payments datasets and under Data Input > Forecast/Actual > Federal in an Interim dataset. Transactions among units can be set up to account for the movement of tax amounts and the impact of the associated withholding tax treatment on transactions. Entries can be entry on either the paying or receiving unit and are posted as a permanent difference on the units.
To import information to the InterCompany Transaction Entry screen, complete the appropriate fields on the #ICOTXNS# Inter Co Txns sheet in the Import Numbers template. For more information on importing, refer to the Importing Templates documentation.
Screen Entry Fields
| • | Paying/Receiving Unit: There can be intercompany transactions between any two units. |
| • | Txn Type: The options that display are established by an Administrator for transaction types. |
| • | Txn Code: The transaction code is user-defined. |
| • | Txn Date: The date of the transaction. |
| • | Txn Amount: The transaction amount for the intercompany transaction. |
| • | FX Rate (Paying Unit to Receiving Unit): The weighted average rate that the paying unit uses to pay the receiving unit. |
| • | Percentage Withholding Tax Receiving Unit: Percentage of the transaction amount that is withheld for the receiving unit. |
| • | Taxable at Receiving Unit: Designate if the transaction amount is taxable by the receiving unit. It is posted as a permanent difference. |
| • | Deductible at Paying Unit: Designate if the transaction amount is deductible by the paying unit. It is posted as an offset permanent difference. |
| • | Withholding Tax Treatment: Designate if the withholding is D for Deductible, C for Creditable, or N for Neither. |
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