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In the Actual Tax Accounts page, users can enter ending trial balances for the general ledger accounts. This data is used for two purposes: 1) to collect the necessary information for the journal entry report and 2) to make book adjustments to Pre-Tax Book Income.
Enter a separate line item for each record:
| 1. | Select the Code-Description and then Tag or Class/Sub-Class. |
| 2. | Enter the ending balance amount. |
| 3. | Click Add New to create the trial balance amount. |
After a trial balance item is created, users can edit or delete it by clicking the appropriate icon.
| 1. | Click the pencil icon to edit the entry. |
| 2. | Select Save Changes after making any changes. |
| • | Users can attach files to actual tax accounts items on this page. If users have supporting documents, click the paper clip or filing cabinet next to the item. |
| • | Users have the ability to add and update notes to a line item. Users may click on the notes icon then add notes. |
| • | The impact of tax payments, refunds, adjustments, and current tax provision adjustments on the ending tax payable can be viewed on the Journal Entry report. |
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