Return to Provision

There is a section of Global Access which is used for both storing return information, as well as computing return true-ups. The prior year's provision data is pre-populated in the first column. You should always verify that the pre-populated data accurately represents the prior year's provision. In addition, you should populate the return column to reflect the locally filed tax return. The system will automatically calculate the true-ups. These amounts are then automatically posted to the current dataset/provision once the appropriate user has signed off on the unit. In order to view the standard Permanent Difference) the dataset must be published accordingly.

In order to use this functionality, an administrator has to publish a dataset as a return dataset by using the column type, retprov, in Corporate Edition. For more information, refer to the Administration section.

There are only four sections in a Return to Provision dataset: Unit Data, Income Tax Rates, Return to Provision, and Sign-Off. Similar to the provision dataset, the system uses a wizard-like approach for the input of data. Information is entered in a step-by-step manner to guide users through the process. Next and Previous links help you navigate through the system. In addition, a blue and white menu, displays on the left side of each page, with the current work area highlighted in gray.    

On the top of each data entry page, there is Unit-Dataset combination information. Be sure to review this information before entering your data. You can access other units by selecting a unit from the drop-down list available on the left side of each page.