Payable Entry

Payable Entry information is managed in the Payable Entry page. To maximize the payable functionality, ensure that the payable set-up reflects the activity in the taxes payable account.

 

For a Provision Dataset:

1.Select Data Input and then Federal.
2.Click Payable.

 

For an Interim Dataset:

1.Select Data Input and then Actual.
2.Select Federal.
3.Click Payable.

 

The payable functionality is activated with a system parameter.

1.Select Administration and then System.
2.Click Manage Configurations and then Advanced Functionality.
3.Select Yes for "Payable Functionality (Recommended)."
•Automatic posting from the calculated provision to the payable is activated with a dataset parameter.
•Amounts are entered as debit or credit.

 

Import Template

To import information to the Payable Entry screen, complete the appropriate fields on the #FL# Fed Liability Txns sheet in the Import Numbers template. For more information on importing, refer to the Importing Templates documentation.

 

Screen Entry Fields

 

Attmnts

"Attmnts" allow you to supplement the adjustment with detail.

 

Datasource

"Data Source" allows you to view the "Data Source History."

 

Fiscal Year

The fiscal year should be the year to which the payable entry relates.

 

Jurisdiction

The jurisdiction defaults to FED when data is entered at the unit level.

 

Rollup

You cannot select a rollup the column is provided for viewing purposes. The "Rollup" is defined in "Administration" to allow the roll up of user-defined lines.

 

Txn Type

The options that display are established by an Administrator for transaction types.

 

Txn Bucket

The options that display are established by an Administrator for transaction buckets.

 

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.

 

Amount

Negative amounts increase and positive amounts reduce the taxable payable account. Amounts should be entered in local currency.

 

Date

The dates are limited to the dates within the dataset year.

•To select dates outside the dataset year, you can activate the system parameter to remove the single year restriction.
1.Select Administration and then System.
2.Click Manage Configurations and then click Yes for "Adjust Payable Date Range."

 

FX Rate

The weighted average rate on the date of the entry can be entered.

 

Description

A description is required for each entry. If you do not enter a description, a message appears "Please check your entries for accuracy."

 

Note

Type notes for the entry, if desired.

Note: The administrator has the ability to lock beginning balances and the Beginning Bal column does not allow data entry for Read/Write Users.