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In Manage Temp Diff Postings, you can configure how a "Temporary Difference" is populated at the adjustment level instead of at the dataset level. The temporary difference posts to Activity, Deferred Only, or Balance Sheet Only.
You can assign a Use Ending? designation to populate the "Book/Tax Temporary Differences Ending Book" field. Use Ending? applies to both the book and tax fields.
| • | Select Use Ending? on a code by code basis. |
| • | Select the Temp Diff Entry Type: Activity, Balance Sheet Only, or Deferred Only. |
Note:
| • | The ending balances can be imported or bridged if Use Ending is selected. |
| • | You can establish and import how each Temporary Difference is posted. |
| • | Select the Code-Description for the temporary difference, Use Ending? and the Temp Diff Entry Type to post between the beginning and ending adjustment to Activity, Balance Sheet Only or Deferred Only. |
| • | On a code by code basis, you can set up an Equity type difference and post the Temp Diff Entry Type for the Balance Sheet Only. |
Notes:
| • | You can add Temporary Differences that are not using the Use Ending? balance and those differences are saved, as well. |
| • | When creating the Use Ending? balance for a temporary difference, you can enter an Activity, Balance Sheet Only or Deferred Only to have a set amount. |
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