DEFERRED BALANCES

The Deferred Balances report – Fed/State appears in local and reporting currency and may be viewed in summary or detail format. The report also appears on a before tax, Fed only, Fed-State, and State only basis. Users can expand the report to show current year activity reconciling beginning balances to ending balances, using both balance sheet and income statement approaches. Users can select links on the top right of the page to select various formats. A class filter and breakout by class view is available for the report.

Deferred rollups are user-defined groupings that determine the way component data appears in the Deferred Balances report. The default view separates component differences into their default categories. Clicking different view options from the top right of the page changes the organization of data in the report.

Deferred rollups are managed in the ONESOURCE Tax Provision Administration Area. There are separate Manage Deferred Rollforward and Manage NOL Rollforward pages for the deferred rollforwards.  Also, the Deferred Balance Report and the NOL Rollforward Report can be configured at the dataset level in ONESOURCE Tax Provision.