PAYABLE

In the Payable tab, you can activate system parameters. To find additional information about a parameter, click on the parameter name and the description will appear at the bottom of the screen.

 

The following parameters and descriptions include:

Payable Functionality (Recommended)

Activates the Payable functionality which includes the data entry, posting and reports. This functionality works properly when the "Simple Liability Functionality" is not activated.

•Select Yes to activate the Payable Functionality (Recommended).

 

Notes:

•To use the Payable Functionality, the simple liability and the liability tabs should be de-activated. If you are importing the system parameters, SHOW_SIMPLELIABILITY and SHOW_LIABILITY are set from a paramvalue of 1 to 0.
•If you are using the "Liability Functionality", the data must be migrated before using the "Payable Functionality." For more information, contact your client manager or the ONESOURCE Tax Provision Support team (Call 877 829 5969, option 2 or email provisionsupport@thomsonreuters.com).

 

Simple Liability Functionality (Not Recommended)

Select Yes to activate the Simple Liability report. This functionality works only if the "Payable Functionality" is not activated.

 

Limit Payable Date Range

Removes the date restriction allowing data entry for the payable with dates that are outside the dataset period.  For example, a 2013 full year dataset is not restricted to entries from 1/1/2013 to 12/31/2013.

 

Designate Calendar/Fiscal Year for Posting

You can select No offset or the Month for the Payable auto posting entries.

•Calendar year filers will select No offset.
•Fiscal year filers will select -1 to -11.
oThe offset option is 12 minus the number of months left in the year to arrive at the fiscal month. For example, select -3 for a "September" fiscal year, -6 for a "June" fiscal year.

 

If importing, the FISCAL_MONTHS_OFFSET system parameter with a paramvalue of 0 designates a calendar year when the dataset parameter is set to auto-post. This parameter is used when the auto-posting dataset parameter is activated and the posting is based on a fiscal rather than a calendar year.

•Entering a paramvalue of -1 to -11 adjusts the auto posting date to reflect a fiscal year.
The paramvalue should be the fiscal month minus 12.
•Ending balances roll over to create beginning balances with the code BBAL and a date of fiscal year end plus 1 day. For example, if the paramvalue is -3, CPROV posts with a date of 9/30/CY and BBAL posts with a date of 10/1/CY.

 

Payable Reclass Functionality

Allows for the "Payable Reclass" functionality which uses the Dataset configuration to determine how the unit(s) computed payable is reclassed and posted on a another unit.

 

Enable Tax Adjustments Payable Mapping Functionality

Select Yes to activate the "Tax Adjustments Payable Mapping" functionality. The mapping page then appears in "Data Input" administration. The dataset level mapping allows you to designate the posting in the payable rather than using the system defaults.

•Configure on a dataset by dataset basis.

 

Enable Payable Summary Entry

Select Yes to activate the "Payable Settings" and "Payable Summary Entry" data entry screens.

 

Number of Custom Tabs to display

Select 1 or 2 to determine if the "Payable Summary" entry will have 1 or 2 "Custom Tabs."

 

Custom Tab Name 1

The text entered is the "Custom Tab Name 1" for the "Payable Summary" data entry screen.

 

Custom Tab Name 2

The text entered is the "Custom Tab Name 2" for the "Payable Summary" data entry screen.

 

Enable Reclass Tab

Select Yes - Items entered on the Reclass tab can only be saved when the "Amount Total" nets to zero for items on the page.

 

Reclass Tab Name

When the Reclass Tab is enabled, the text entered will rename the Reclass Tab for Payable Summary Entry.

 

Transfer Payable Transaction Type

Select the default value from the list for the Payable Transcation Type in Transfer In and Out for the source and target units.

2013.1 advanced functionality