NOL Balances

The NOL Balances report is a National/Federal report. The report appears in local and reporting currency, and can be viewed in summary or detail format. The report also appears in before tax and federal tax effected. In addition, users may expand the report to show the current year activity reconciling beginning balances to ending balances.

The rollups in the NOL Balances report are groupings that determine the way component data appears. There are four separate views in the report: summary, hybrid, detail, and unit. The report shows National/Federal NOLs by year of expiration. Clicking different view options from the top right of the page changes the organization of data in the report.

Select the Manage NOL Rollforwards, in the ONESOURCE Tax Provision Administration Area, if users would like to set up NOL Rollforward separately. 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.

Note: The NOL Balances report can have a different rollforward from the Deferred Balances report.