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1. The journal entry report can be customize based on a user s specifications Each of the calculations in the system and data in either the taxes per book 4e fields or trial balance a lines can be combined to create a journal entry report ONESOURCE Enterprise User Manual Chapter 4 Functionality Please contact either your Client Manager or the support 20 department to have the report customization done Foreign Currency Issues Each unit is designated a currency type 153 and exchange rates that will be used to convert the unit s local currency information to reporting currency Enter 1 for the exchange rates if the local and reporting currency are the same currency In converting currency there are several potential issues that can occur The Pre Tax Book Income PTBI provided may be converted at different exchange rates On a unit basis the PTBI policy 155 can be chosen so that the correct exchange rate is used to convert The interplay of the Weighted Average and Spot rates may require that a Currency Translation Adjustment 154 CTA be posted to account for the difference in the rates The system will automatically post the CTA as an equity adjustment to the deferred tax asset liability There is only one reporting currency concept in the system This allows the combination of units in sub consolidated or consolidated reports in the reporting currency view but the local currency view of the report may not make s
2. Enterprise User Manual Export Provision to Return getest Associated TaxStream broducts iTaxStream occ cccccccccssecccsscceccsseecsseeeecseecessseeecseeeseseecsssseessseeeseteesetaeeeens UTP Uncertain Tax Positions cscicetecocececocsssnssacacansevennnedszeerertivonenbeansved Reference Items State amp Jurisdiction EEN K fte sifivite dee ISO Currency ENEE eege Date Range D I es esetes Ae eege Default Payable Transaction TIvpes Permission Component Types uic cdi tbid de edo dcn is Access Component TYPES w wwwwwwwmwmmwwnmmamwmwmwwwwa Other Component Codes 1 eee Component Rollup Codes Deiere Component Rollup Codes ETR eesee Component Rollup Codes Trial Balance Query Filters eene nenne System Harameiers emere eererr eren Dataset Harameters entere nenne Import Error Messages egen dee Where to Enter Items in TaxStreaM nnn Index Index Contents IZI 171 IZI 172 173 173 174 177 179 179 180 180 180 181 181 181 181 181 185 186 186 187 188 189 190 ONESOURCE Enterprise User Manual Overview 5 0 58 Release Overview 5 0 58 Release Report Enhancements Alternative Minimum Tax New Report AMT Report Format 12h Interim Reporting New Report Forecast State Rate Report 23 Effective Tax Rate Format Rollup Display Sorted on Rollup Bucket Codes 40 Deferred Balances Format
3. Adjusted Cash Provision Sum of Federal Tax Current Federal FTC and Reclass to FTC C O Alternative Tax Calculation Federal Taxable Income Pre NOL Tax Provision Report 9 Federal Taxable Income Pre NOL AMT Preference Items Unit Details AMT Automation 47 AMT Adjustments AMTI pre NOL Sum of Federal Taxable Income Pre NOL amp AMT Preferences Items AMT NOL max 90 AMTI Unit Details AMT Automation 45 AMT NOL C O Balance AMTI Alternative Minimum Taxable Income Sum of AMTI pre NOL and AMT NOL max 90 AMTI AMT Rate Unit Details AMT Automation e AMT Rate AMT Tax Pre Credits AMTI times AMT Rate AMT FTC Unit Details AMT Automation 47 AMT After Tax Adjustments Tentative Minimum Tax Sum of AMT Pre Credits amp AMT FTC AMT Liability Recapture If Tentative Minimum Tax line is greater than the Adjusted Cash Provision line then the difference is posted to a After Tax Temporary Difference with the code AMT_SYS which will increase the current tax expense and decrease the deferred tax expense If Tentative Minimum Tax line is less than the Adjusted Cash Provision line and there is a beginning balance for the After Tax Temporary Difference with the code AMT SYS for the parent unit then the difference is posted to a After Tax Temporary Difference with the code AMT SYS which will decrease the current tax expense and increase the deferred tax expense When the units in the filing group have different local curr
4. Administration State Details State Perm Diffs State Temp Diffs State After App Temp Diffs State After Tax Temp Diffs State Tax Adis State Payable Entry e Populate the Actual 7 section with The Actual Pre Tax Book Income that was generated for the quarter Statutory Tax Rates in effect during the quarter should be populated for each unit For state be sure to include the expected apportionment factors for states jurisdictions Extraordinary and Discrete Items that arose during the quarter should be populated in the appropriate area True up if necessary for the impact of a change in the forecasted annual effective tax rate on prior quarter s Pre Tax Book Income Activity that should be reflected in either the Payable or the APIC Pool balances for the quarter The dataset can be populated either by entering amounts directly in Onesource Taxstream Provision or by using the import numbers spreadsheet template 861 Applying the Annualized Forecasted Effective Tax Rate vs the Unit Rates e The Annualized Forecasted Effective Tax Ratels will be used to compute the current tax on the Pre Tax Book Income based on either a unit by unit basis or on an overall basis depending on the dataset s designation e The Unit Rates will be used to compute the current deferred taxes and equity impact on the Extraordinary and Discrete Items for the quarter Reviewing the Interim Provision Results e The Interim Provision og report displays the
5. ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review e The state after apportionment temporary differences section has three entry columns The Activity Deferred and Balance Sheet Only column amounts will impact the tax provision 185 differently Each state after apportionment temporary difference line will default to being tax effected using the unit rate The beginning and ending state amp unit rates can be overridden on a line by line basis If only the beginning or ending rate is being overridden the user must still populate the field for the other rate or it will default to a zero rate Enter temporary differences that are applicable for state and not recognized for federal purposes To import information on the State AT Temp Diffs section complete the appropriate fields on the SAATD St AfterApp TempDiff sheet in the Import Number Template Entry Fields Code amp Description e The code 15 amp description are established by an Administrator for the state after apportionment temporary difference 29 C NC e There are two Types of temporary differences balances Current and Non Current 17 Choose the Type that best relates to the balance sheet account where the deferred tax asset or liability should be represented Src e The Src tagli letter is used to identify each line entered to the originating source Beginning Balance e The cumulative temporary difference balance will rollforward
6. Provision Items Total Tax Provision Forecasted Effective Tax Rate Report Views Defaults to the Foreign Domestic and summary views of the report The Unit Breakout will display the underlying unit by unit column detail The Q1 Q2 Variance view will display a comparison of the total forecasted rate at Quarter 2 with Quarter 1 and The Q2 Q3 Variance view will display a comparison of the total forecasted rate at Quarter 3 with Quarter 2 The View Overview option will rollup the report to display the Pre Tax Book Income Annual Estimate the Total Tax Provision and the Forecasted Rate for the Federal and State information e The View Summary option will display the report with the component level information e The View Detail option will display the report with the line by line level information Line By Line Pre Tax Book Income Annual Estimate Data Review Forecast Federal Interim Unit Details 61 Permanent Differences Includible for State Data Review Forecast Federal Perm Diffs 47 amp InterCo Txns 53 e Modifications Data Review Forecast State State Perm Diffs 7 Temporary Differences Includible for State Data Review Forecast Federal Temp Diffs 481 amp Amortized Temp Diffs 5o Weighted Allocable Income Sum of Pre Tax Book Income Annual Estimate Permanent Differences amp Temporary Differences weighted by the number of states activated Total Allocable Income All States Sum of Pre Tax
7. Function Tabs The Function Tabs allow the user to navigate to various different parts of the system The tabs that are displayed will vary based on the user s rights and the Onesource Taxstream Provision license The tabs divide the different work areas Depending on the user s rights and the license different tabs may be displayed Typical function tabs are Home Displays the user s license status Onesource Taxstream Provision s general contact information and a description of each of the Function Tabs Provision All aspects of a standard provision dataset are managed in this tab The provision data is gathered and stored in this tab The tab is used to calculate and generate provision reports ONESOURCE Enterprise User Manual Chapter 1 Overview Estimated Payments e All aspects of a standard compliance dataset are managed in this tab The compliance data is gathered and stored in this tab The data is used to calculate and generate estimated payment and extension reports Interim e All aspects of an interim dataset are managed in this tab The interim provision data is gathered and stored in this tab The data is used to calculate and generate the forecasted rate to arrive at the interim provision reports Liability e The liability data can be maintained in this tab if it is not integrated with the provision To have the provision automatically post consider using the integrated Payable 1149 functionality in the Prov
8. JES Journal Entries 156 JETAX JE Tax Cales w JEGL JE GL Calcs 155 SL State Liability Txns 601 UQUEST Questionnaires 17 HUQSTNS Questions 7 8 HUQRESP Responses 17 There are additional sheets that may be provided by your client manager or support that can also be imported Exporting before items have been entered will generate a blank Import Numbers Template A blank import_numbers workbook template is provided with the software The templates are typically stored in the following folder C Program Files TaxStream500 template ONESOURCE Enterprise User Manual Chapter 4 Functionality Chapter 4 Functionality This chapter will familiarize the user with some of the other Onesource Taxstream Provision topics Topics that will be discussed in this chapter include the payable functionality valuation allowance automation journal entry configuration foreign currency issues interim reporting return to provision exporting to return tax basis balance sheet and associated Onesource Taxstream Provision products Payable The Payable functionality is designed to track payments refunds and other adjustments in the taxes payable account Activating the Payable e Several system 18 and dataset es parameters need to be entered to activate the Payable functionality Payable vs Liability Tab e The Payable is now a component of the Provision tab and will no longer require the maintenance of the separate Liab
9. ONESOURCE Enterprise User Manual Chapter 2 Categories Set up View Reporting Dataset Log e For Sequential Datasets the ending balances and rates in the 1st chronological dataset must agree to the opening balance and rates in the next chronological dataset If there are differences in the test of information in the two datasets they will be listed in this log e The sequential dataset test can be overridden with a system parameter ist Please contact your client manager or support 20 for more information Interim Dataset e There are three options for creating an interim dataset under Manage DataSets 2 in the Administration 12 tab e An empty dataset will create an interim dataset that will not contain any data e An existing interim dataset can be copied e An existing provision dataset can be rolled over to a sequential period so that the ending balance and rates in the provision dataset will become the beginning balances and rates in the new interim dataset e In an existing interim dataset the name interim rate basis group rate and read only status can be modified e When deleting a interim dataset be careful since it can not be undone Consider exporting the interim dataset data before deleting the dataset in case it needs to be restored e The data for all the three quarters worth of forecasted and actual data that are in the interim dataset can be exported and imported in this area Entry Fields Name e The name of the da
10. ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Journal Entries Reporting Levels Control Center Configurable Options Source Data Provision Expense Available Views expand contract The report displays the default Provision Journal Entry simple old report This report displays the most simplified view of the data There are additional ways to view the journal entry information with either the configurable JE 150i functionality or with a custom JE si report format Report Views e Defaults to a contracted view of the simple journal entry report with eight columns Federal Curr Prov Diff Federal Def Prov Diff Federal Def Bal Diff State Curr Prov Diff State Def Prov Diff State Def Prov Diff Federal Liability Bal Diff and State Liability Bal Diff e Choose the expand view to display the underlying Book amounts and Onesource Taxstream Provision components that make up the report Line By Line e There will be a line for each unit in the sub consolidation consolidation Column By Column e Federal Curr Prov Diff TaxStream Federal Current Tax Provision 98 Book Federal Current Provision Taxes Per Book 46 amp Federal Curr Prov Diff difference between TaxStream and Book Federal Def Prov Diff TaxStream Federal Deferred Tax Provision og 1 Book Federal Deferred Provision Taxes Per Book 461 amp Federal Def Prov Diff difference between TaxStream and Book Federal Def Bal D
11. Reporting Levels 17 Rollup 19 SC Sub Consolidation 16 24 168 State Est Pymt Summary 130 State Estimated Payments 142 State Legacy Tax Provision Estimated Payment tab 141 State Legacy Tax Provision Provision tab 139 State Payable Detail 147 State Payable Rollforward 146 State Summary Forecasted State Rate 125 State Summary Provision Summary 126 State Tax Provision Estimated Payment tab 138 State Tax Provision Provisiontab 134 136 State Unit Summary 128 Tax Basis Balance Sheet 170 Tax Provision 98 Tax Provision Estimated Payment tab 101 Tax Provision Provision tab 98 99 Temp Diff Summary 112 Temp Diff Summary Fed Filing Group 113 Trial Balance Balance Sheet 123 Trial Balance Income Statement 123 Unit Summary 117 User Login 39 User Status Report 133 Reports Provision Line Items Change in Rate 107 110 144 Currency Translation Adjustment CTA 107 110 144 2009 ONESOURCE TAXSTREAM PROVISION ONE SOURCE Reports Provision Line Items Current Federal Tax Expense Current State Tax Expense 141 Deferred Federal Tax Expense 98 99 101 121 126 134 136 138 139 98 99 121 126 134 136 139 107 110 112 113 115 Deferred State Tax Expense Deferred Tax Asset Liability 121 Deferred Tax Expense 107 110 Effective Tax Rate 98 99 104 117 121 Equity Offset to Current Expense 98 99 Payment Amount 130 Payment Amount State 103 Projected Liability
12. Total Apportioned Discretes Sum of Apportioned Discretes Pre NOL amp NOLs lines State Tax Rate Data Review Actual State State Details s0 Only displayed at the Unit level Tax Before Credits Total Apportioned Discretes line times the current State Tax Rate line After Tax State Temp Differences Data Review Actual State State After Tax Temp Diffs 821 Only amounts entered as Activity Deferred Only or Balance Sheet Only entries do not impact the current tax provision calculation Cash Tax Adjustments Data Review Actual State State Tax Adjs s Only cash items where the codes do NOT start with NC_ Cash Discretes Sum of Tax Before Credits After Tax State Temp Differences amp Cash Tax Adjustments Non Cash Tax Adjustments Data Review Actual State State Tax Adjs amp 41Only non cash items where the codes start with NC Current State Provision Sum of Cash Provision amp Non Cash Tax Adjustments Begin Deferred Tax Per B S Deferred Balances vo report Total Beginning Balance column with the state view option Bal Sheet Only Adjustment Data Review Actual Federal Temp Diffs ze NOL Temp Diffs 771 plus Data Review Actual State State Temp Diffs 82 times the appropriate rates 41 and apportionment 96 plus Data Review Actual State State After App Temp Diffs 827 times the appropriate rates 44 plus Data Review Actual Federal AT Temp Diffs 7 plus Data Review Actual Sta
13. 1 tab e There are two types of permanent differences Equity Adjustments and P amp L Adjustments The user can choose the appropriate type to achieve the desired provision effect e To import information on the Perm Diffs section complete the appropriate fields on the UPD Unit Perm Diffs sheet in the Import Number Template Entry Fields Code amp Description e The code 15 amp description are established by an Administrator for the permanent difference 2 Adj Type e The type P type will result in a current tax provision expense offset in the payable account The result will be an impact the overall effective tax rate e The type E type will result in a current tax provision expense offset in the payable account as well as an equity contra expense that is offset in an equity account This will result in no impact to the overall effective tax rate Src e The Src tag 16 letter is used to identify each line entered to the originating source Amount e Positive amounts will increase and negative amounts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency Temp Diffs e Temporary difference information is manage in the Temp Diff section under Data Review 43 gt Forecast 6 gt Federal in the Interim 121 tab e The temporary differences section has three entry columns The Activity Deferred and Balance Sheet O
14. 12 tabs e There are two types of permanent differences Equity Adjustments and P amp L Adjustments The user can choose the appropriate type to achieve the desired provision effect e Amortized permanent differences allow users to enter different book and tax amortizable basis and amortization periods The resulting permanent difference between the basis will be ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review automatically computed The remaining balance of the basis and periods will rollover to future datasets when the dataset is rolled over e To import information on the Amortized Perm Diffs section complete the appropriate fields on the ZUPDAME Unit Perm Diff Amort sheet in the Import Number Template Entry Fields Code amp Name e The code 15 amp description are established by an Administrator for the permanent difference 291 Sub Type e The type P type will result in a current tax provision expense offset in the payable account The result will be an impact the overall effective tax rate e The type E type will result in a current tax provision expense offset in the payable account as well as an equity contra expense that is offset in an equity account This will result in no impact to the overall effective tax rate Source e The Source tagl 1 letter is used to identify each line entered to the originating source Months e The months entered for both book and tax will be used to compute
15. 57 66 68 79 82 State Administration 55 80 State After Apportionment Temporary Differences 58 68 82 State After Tax Temporary Differences State Codes 173 State Deferred Provision Only Adjustment State Details Automation 56 Rates Apportionment 22 23 59 69 83 55 66 80 55 66 80 State Est Pymt Summary Report 130 State Estimated Payment 43 State Estimated Payments Report 142 State Legacy Tax Provision Report 139 141 State Permanent Differences 57 67 81 State Rates amp Apportionment 55 66 80 State Summary Forecasted State Rate 125 State Summary Provision Summary 126 State Tax Adjustments Cash Tax Adjustments Non Cash Tax Adjustments 60 70 84 60 70 84 2009 ONESOURCE TAXSTREAM PROVISION ONE SOURCE State Tax Provision Report 134 136 138 State Tax Rates State Beginning Deferred Rate 55 66 80 State Current Tax Rate 55 66 80 State Ending Deferred Rate 55 66 80 State Temporary Differences 57 68 82 State After Apportionment Temporary Differences 58 68 82 State After TaxTemporary Differences 59 69 83 State Unit Summary 128 Stock Based Compensation 162 163 Sub Consolidations 13 16 24 Summary 19 Support 20 Help Desk 12 Website 12 System Administer Permissions 38 Administer Users 37 Global Attachment 36 Login History 39 Manage Deferred Rollforwards 35 Manage NOL Rollforwards 35 Manage Restricted Features 36 Manage Rollups 40 Manage Tags 38 Manange Countrie
16. 791 in the Interim tab e Book Adjustments Data Review Federal Trial Balance Tax Basis 54 in the Provision tab or Data Review Actual Federal Trial Balance Tax Basis 791 in the Interim tab e Tax Reclass Data Review Federal Trial Balance Tax Basis s4iin the Provision tab or Data Review Actual Federal Trial Balance Tax Basis 791in the Interim tab Adjusted Reclassified Book Data Review Federal Trial Balance Tax Basis sin the Provision tab or Data Review Actual Federal Trial Balance Tax Basis 7911 in the Interim tab ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review State Summary The State Summary area of reports will show state information for all states with records for the Unit Sub Consolidation or Consolidation chosen in the control center ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Forecasted State Rate Reporting Levels Filing Group Sub consolidation Consolidation Control Center SOUS Options Source Data Forecast Data Review Screens Foreign Domestic Unit Breakout Q1 Q2 Variance Q2 Q3 Variance View Overview View Summary View Detail The report in the Interim tab displays an overview of the calculation of the State Forecasted Rate It uses the information entered for each componentfish in the Forecast section The rate calculated in this report will carryover to the Tax Provision Report in the Interim Tab
17. A unit must have a record l16to enter data The Actual Federal can have seven areas Actual Unit Details 72 Permanent Differences 471 Temporary Differences 481 After Tax Temporary Differences at Tax Adjustments 51 NOL Temporary Differences 5 Payable Entry 53 Inter Company Transaction Entry 53 and Trial Balance Tax Basis 541 Administration Administrative user can access unit dataset parameters which control some unit level features and the Journal Entry mappings e Unit Dataset Parameters are defined in the Navigator under Data Review 43 Actual 71 gt Federal 7 Administration 711 in the Interim 12 tab e An administrator can set characteristics for each unit that may change how data is treated or represented with Unit Dataset Parameters e The pre established unit dataset parameters 1 amp 6 can be added modified or deleted When adding or modifying parameters use care as they can potentially change calculations across all the units in the dataset Parameters are pre defined and are case sensitive The Key Type amp Value are specifically designed for each parameter Deleting parameters is not recommended since they may be required for the system to function properly Opt instead for de activating the parameter rather than deleting it To import a new Unit Dataset Parameter complete the appropriate fields on the UDSP UDS Params sheet in the Import Numbers Template ONESOURCE Ent
18. Andorra Angola Anguilla Antarctica Antigua and Barbuda Argentina Armenia Aruba Australia Austria Azerbaidjan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bosnia Herzegovina Botswana Bouvet Island Brazil British Indian Ocean Territory Brunei Darussalam Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Chad Chile China Christmas Island Cocos Keeling Islands Colombia Comoros Congo Cook Islands Couniry Code af al dz as ad ao ai aq ag ar am aw au at az bs bh bd bb by be bz bj bm bt bo ba bw bv br io bn bg bf bi kh cm ca cv ky cf td cl cn Cx cc co km cg ck Country Name Liechtenstein Lithuania Luxembourg Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Marshall Islands Martinique French Mauritania Mauritius Mayotte Mexico Micronesia Moldavia Monaco Mongolia Montserrat Morocco Mozambique Namibia Nauru Nepal Netherlands Netherlands Antilles New Caledonia French New Zealand Nicaragua Niger Nigeria Niue Norfolk Island North Korea Northern Mariana Islands Norway Oman Pakistan Palau Panama Papua New Guinea Paraguay Peru Philippines Pitcairn Island Poland Polynesia French Reference Items Country Code li It lu mo mk mg mw my mv ml mt mh m
19. Categories Set up Amortized Temp Diff amp Type e The Amort Temp Diff bridge mapping choices are the established temporary difference 25 codes 157 e The Amort Temp Diff Type bridge mapping choices are either C Current or NC Non Current e This mapping will post to the Activity column on the Amort Temp Diff screen Begin amp End Fctr e Beginning balance factor is typically 1 or 1 depending on the signs of the exported trial balance data file e Ending balance factor is typically 1 or 1 depending on the signs of the exported trial balance data file e The bridge will post an amount that is the net of the beginning and ending account balances Trial Balances e The bridge mappings of trial balance accounts to various areas of Onesource Taxstream Provision are added as needed under Manage Bridge 29 in the Administration 121 tab e Bridge mappings can be modified and deleted e To import Mapping complete the appropriate fields on the ZMTBBB Trial Balance sheet in the Import Bridge Template Entry Fields LE CC amp UC e The LE must be a valid Unit 241 code 157 e The CC amp UC are optional user defined codes e Entering an asterisk in the field will apply account rule across all units Ledger Account Code e The Ledger Account should be an account code in the exported trial balance data file Trial Balance e The Trial Balance bridge mapping choices are the established in the Trial Balance Sub Lines 281
20. Data Review Unit Temp Diffs 4818 Amortized Temp Diffs 50 where includable status 171is no Only amounts entered as Activity Deferred Only or Balance Sheet Only entries do not impact the current tax provision calculation Add back Deductible State Tax Deductible State Tax line from the Federal Tax Provision report 981 Adjusted Federal Taxable Income Sum of Federal Taxable Income Backout Perm Diffs not includable for State Backout Temp Diffs includable for State amp Add back Deductible State Tax e Modifications Data Review State State Perm Diffs 57 Temporary Difference Adjustments Data Review State State Temp Diffs 57 Only amounts entered as Activity Deferred Only or Balance Sheet Only entries do not impact the current tax provision calculation Allocable Income Sum of Adjusted Federal Taxable Income Modifications amp Temporary Difference Adjustments lines State Apportionment 96 Data Review State State Details 591 Only displayed at the Unit ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review level To see this line in the consolidated or sub consolidated level choose unit breakout Apportioned Income Pre NOL Allocable Income line times State Apportionment line e NOLs Data Review State State After App Temp Diffs se Apportioned Income Sum of Apportioned Income Pre NOL amp NOLs lines State Tax Rate Data Review State State Details 557 Only d
21. Payable Buckets CPYRL Payable Rollups CPYTP Payable Types CRU Component Rollups CS States CSAATD State After App Temp Diff CSATTD State AfterTax TempDiff CSC Sub Consolidations CSC2 Sub Consolidations CSTA State Tax Adjs CTA Tax Adjustments CTBL Trial Balance Lines CTBSL Trial Balance SubLines CTD Temporary Differences CU Unit CUC User Component Access CUSR Users 8 ICOTXNT Inter Co Txn Types To use the templates you must keep the columns in the same order and begin entry on the 3rd row The template is identified by an Excel sheet name that begins and ends with Modifying the sheet name will cause the sheet to be ignored Support documentation can be included in a file and will not interrupt the import process as long as the sheet names do not have a defined template name e A blank row will cause the import to stop importing even if there is viable data below the blank row e f there are duplicate rows for the same item the later rows will override the earlier row e Blank cells are ignored on import but categories templates often require that all columns be completed for the item to add during import Import Reporting Datasets The Reporting Dataset 27 items can be imported when the data is populated on the Import Categories Template a To import a new reporting dataset complete the appropriate fields on the CDR Heporting Dataset sheet in the Import Category Template Although the sheet is
22. SHOW_ADVANCEDLIABILITY SHOW ALTPROVCALC SHOW DEFBALCSCBRKOUT SHOW EFFRATECONSOLPTBIPCT SHOW EFFRATECSCBRKOUT SHOW EKPECTEDDEFERRED SHOW GAAPTOSTAT SHOW JE SHOW LIABILITY SHOW OUTPUTJE SHOW PAYABLERECLASS SHOW SCBREAKOUT SHOW SIMPLELIABILITY SHOW WORKPAPER STATE BREAKOUT UNIT TBIS ADJ TSPasswordExpireDays TSPasswordMinDigits TSPasswordMinLength USE_OLD_AMTESTIMATOR USE_SPDEFBALREPORTS USE_SPPROVISIONREPORTS Enterprise User Manual Numeral Numeral Oor1 Oor1 Text Text USD or EUR State Code Oori Oori Oori Oori Oori Oori Oori Oori Oori Oori Oor1 Oor1 Oor1 Oor1 Unit Code Tax Adj Code Numeral Numeral Numeral O or 1 O or 1 O or 1 Reference Items Number of unique passwords that must be used before a user s password can be repeated Number of pages reports should print to override the default shrink to fit 1 page 1 adjusts the Stored Procedure Tax Provision report so that the detailed view will not display the state by state detail 1 displays the CSC Tax Provision Report under sub consolidation Text entered will display as a footer on reports when printed Text entered will display as a header on reports when printed Choose either USD or EUR to determine the currency symbol that will display on reports Enter the State code to configure how the State Tax Prov Rpt Breakout displays works with STATE BREAKOUT UNIT parameter 1 allows the Payable functio
23. State 102 142 State Deferred Tax Asset Liability 144 State Deferred Tax Expense 144 State Effective Tax Rate 128 State Ending Deferred Rate 109 State Equity Offset 126 State Equity Offset to Current Expense State Tax Expense 98 99 Total Payment Due State 102 142 Total State Tax Provision 126 128 134 136 139 Total Tax Provision 98 99 104 117 121 14 148 134 136 139 Reset Report Data Return to Provision Multi Dataset Approach 164 Single Dataset Approach 164 Rollforwards Deferreds NOL 110 Rolling Pin Category Codes 87 Features 87 Input 87 Output 87 Rolling Pin Format 86 Simplified Example 87 Spreadsheet Import Dataset 86 21 23 107 144 Rollover Dataset Rollup Deferred Balances 107 Deferred Balances State Only 144 Effective Tax Rate 104 Tax Basis Balance Sheet 170 Trial Balance 123 RTP 164 S SC Reporting 168 Scrunch Macro 89 Self Reconciling Reports 94 Separate Attribute Basis 165 Sequential Reporting Datasets Shortfall 163 Source Code 16 38 Spot Rates 152 Spreadsheet Import Dataset Rolling Pin Format 86 TaxStream Format 86 SQL Server Utility BCP 89 SqlLdr 89 SqlLdr 89 Src Code 16 State 13 Administration 55 79 80 State After App Temp Diffs 55 58 66 68 79 82 State After Tax Temp Diffs 55 59 66 69 79 83 State Details 55 66 79 80 State Payable Entry 55 60 79 84 State Perm Diffs 55 57 66 67 79 81 State Tax Adjs 55 60 66 70 79 84 State Temp Diffs 55
24. The Weighted Average Foreign Exchange Rate is used to convert entries for the unit that have an Income Statement provision impact Users can enter 1 if the local and reporting currency are the same Unit Tax Rates e The current and deferred tax rates for the specified unit will be used for all unit specific reports and will be taken into account for FBOS calculations when working with state data e If the Beginning and Ending Deferred Tax Rates differ for a unit the system will ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review automatically calculate any necessary change in rate adjustment on the beginning temporary difference balances The support for the calculated adjustment is displayed in the deferred balances report as a separate column e f the Current Tax Rate and the Ending Deferred Tax Rate differ for the unit the system will automatically calculate the necessary impact of the rate difference for activity entered for temporary differences The impact of the rate difference can be viewed in the Effective Tax Rate report Interim Rates e Displays the forecasted rate that will be applied to Pre Tax Book Income Also displays the Interim Rate Basis chosen for the dataset Deferred FX Rates e Inthe Beginning and Ending entry fields users should enter the specific Beginning and Ending Spot Foreign Exchange Rate for the unit for the period covered by the dataset The rate should be entered using the ratio
25. USD 44 72 ONE SOURCE Pre Tax Book Income 44 72 PTBI 44 72 Pre Tax Book Income Policies Enter Local FX and Calc USD 153 Enter Local USD and Calc FX 153 Enter Local USD and FX 153 Enter Local USD FX and Calc Rounding 153 Enter USD FX and Calc Local 153 Printing 12 Provision Journal Entry 131 Provision tab 12 PTBI method 44 72 Query Filters 181 Querying 39 Querying a Dataset 148 R Read Only Dataset 21 23 Receiving Entity 53 65 78 Records Activate 16 Deactivate 16 Rollover 16 State 16 Unit 16 Report Overview 93 Reporting Currency 18 95 152 Reporting Dataset 170 Reporting Datasets 22 Additive 22 Sequential 22 Reporting Levels 17 Reports 14 93 AMT Estimator 121 AMT Estimator Local Currency 121 AMT Estimator Reporting Currency 122 Attachment Review Report 132 Attachments Review 16 Audit Trail 17 CSC 168 CSC Custom Sub Consolidation 16 24 168 Currency 18 Current Non Current View 17 Index Deferred Balances 18 107 Deferred Balances State Only 144 Effective Tax Rate 104 Expected Deferred Rate 109 Federal Est Pymt 102 Federal Est Pymt Summary 103 Federal Estimated Payments 102 Forecasted Rate Report 96 Foreign Domestic Summary 120 Headers amp Footers 168 169 Net Deferred Tax Assets Liabilities 115 NOL Balances 18 110 Parameters 17 Payable Detail 119 Payable Rollforward 118 Provision Journal Entry old 131 Provision Journal Entry simple 131 Report Overview 93
26. e This will generate a file with two sheets MBAL Balance Sheet Mappings amp MINC Income Statement Mappings e Exporting before items have been entered will generate a blank Import Return Maps Template Import Mappings e The Tax Basis Return Mapping items can be imported in using the Import Return Maps Template e The template is typically stored in the following folder C Program Files TaxStream500 template or for hosted solutions you can export the mappings to generate the template e The file should have one or both sheets MBAL Balance Sheet Mappings MINC Income Statement Mappings Manage States States 2s State AfterTax Temp Diffs 281 State AfterApp Temp Diffs 22 and State Tax Adjustments 29 are created and managed in the Administration 127 tab in the Manage State section States e A custom state or jurisdiction can be added as needed under Manage States 28 in the Administration 125 tab e The system has pre populated states 173 that can not be modified The pre populated states can be suppressed from appearing in the control center 13 drop down by activating the system Darameter 3 CC DISABLE STATES with the ParamValue of 1 e The existing custom state s or jurisdiction s code and name can be modified e Only a custom state or jurisdiction that has no record 181in any dataset can be deleted e To import a new State or Jurisdiction complete the appropriate fields on the CS States sheet in the Import Categor
27. entries do not impact the current tax provision calculation Cash Tax Adjustments Data Review Federal Tax Adjs 5 Only cash items where the codes do NOT start with NC ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review e Cash Provision Sum of Federal Tax Current After Tax Temp Differences amp Cash Tax Adjustments e Non Cash Tax Adjustments Data Review Federal Tax Adjs s Only non cash items where the codes start with NC_ e Total Current Federal Provision Sum of Cash Provision amp Non Cash Tax Adjustments Enter topic text here Federal Est Pymt Reporting Levels Control Center See Options Source Data All Data Review Screens Payment Breakout Unit The report in the Estimated Payment tab displays the quarterly estimated payment calculation There must be data in a Compliance dataset 211 and the Provision dataset can be copied to create the Compliance dataset with the final Provision data The Unit s to be included in the calculation must be designated as Included for Estimated Payment Calc 471 The information in the Tax Provision Estimated Payments 10 the configuration from jurisdiction management e and the dataset s 21 Data Range to generate the report data There are parameters 9 that may change the view of this report Provision Items e Projected Liability e Total Payment Due Report Views e Default is the only available view Line By Line e
28. if necessary by administrative user in the Manage Units 241 screen The Error Message The Current Consolidation contains Units with multiple currencies Cannot display Local Currency Report will be displayed if there are different currencies in the units that are being combined To view the reports in the Local Currency view when the Units have different currencies you must add the system parameter we ALLOWMULTICURRENCYREPORT to override the error message above and display the report Use care when activating the parameter The following message will appear The report you are about to display contains multiple currencies The report data will not be consistent ONESOURCE Enterprise User Manual Chapter 4 Functionality Interim Reporting The Interim tab facilitates the collection of data and computation of the Provision during the interim period An Interim Dataset 23 is designed to generate the provision for the first three quarters of the year The data is separated into two data entry areas Forecast amp Actual e Forecast data entered in this section is used to compute the Annualized Forecasted Effective Tax Rate e Actual data entered in this section is used to compute the current tax on Pre Tax Book Income from the quarter and the provision for Discrete Extraordinary items arising in the quarter Interim Functionality An interim dataset 23 must exist to populate data in the Interim tab An in
29. nennen 136 State Tax Provision Estimated Paytrients cete tret ee eve EO 138 State Legacy Tax Provision PEOVISIOFI dtt tan ttr erinnere rre ran 139 State Legacy Tax Provision Estimated bavmente 141 State Estimated Payments Ri ii sese 142 State Deferred Balances RED OM eee n retener reser padre rp ere ER XA FERA FER RYE 144 State Payable Rollforward sse eren 146 State Payable Details E NE 147 EES eene 148 Reset Report EE 148 TS DatabasejArialyZer 1 tre teet temer tern cp tie nnm eR esee dnas 148 2009 ONESOURCE TAXSTREAM PROVISION ONESOURCE Enterprise User Manual Contents Wi OP EEN 148 Export Spreadsheet NUMDETrS ucxenietverenimiv tbid ti e Ra piu Rak herereseg 148 Chapter 4 Functionality 149 ENEE beet 149 Exchange Rates ma nannananaamawu nima ss nennen 149 Automatic Payable Posting ssssssssssseeeeeeeeneennes 150 Porque 150 Simple JE Report 150 Configurable JE Repor ecco tte toss reste oreet 150 Journal Entries Parameter 151 Customized JE Report teet dee ado ruere rete E ek ER wa 151 Foreign Currency ISSUES wwwwwwwmmwanwwmwwwwwa mwm dee 152 Currency Types amp Options wwwmmemwwanwmwwwww miwa ener 152 Foreign Exchange Rates win enne 152 PTBI Policies amii enne enne ns 153 CHANGE in Rate Be KEE 154 Combining Units with Different Currencies ee eeeeeeeeeeeeeees 157 Interim mE R
30. 43 71 Combined 15 170 171 Database Query 148 Dataset D 21 Dataset Name 21 Dataset Parameters 17 185 Date Range 179 Jurisdiction Management 43 Management 15 21 22 Query Analyzer 148 Reporting 15 22 170 Reporting Additive 15 22 Reporting Sequential 15 22 Unit Dataset Parameters 186 Date Ranges 179 Deactivate State 55 66 80 Deactivate Units 16 44 72 Deferred Balances Report 107 Deferred Balances Report State Only 144 Deferred FX Rates 44 72 Deferred Provision Calculation 10 Deferred Provision Only Adj 44 72 Deferred Rollforward 18 Deferred Tax Assets Liabilities Item by Item Netting TI2 Jurisdiction Netting 115 Unit by filing group Netting 113 E Effective Tax Rate Report 104 Ending Deferred Tax Rates 44 72 Ending Spot Foreign Exchange Rate 44 72 Entering Items in TaxStream 188 Equity Permanent Difference 47 62 74 Error Messages Import 187 Estimated Payments Federal Estimated Payments Report 102 Federal Estimated Payments Summary Report 103 Minimum Tax 43 Quarter Allocation of Liability 43 State Estimated Payments Report 142 State Estimated Payments Summary Report 130 2009 ONESOURCE TAXSTREAM PROVISION ONE SOURCE Estimated Payments tab 12 Excel Exporting 12 Excess Benefit 163 Excess Detriment 163 Expected Deferred Rate State Report 109 Export Categories Excel Template 41 Numbers Excel Template 148 Export Categories Process 41 Export Numbers Process 148 Expo
31. Adjustments do not The cash provision is the amount of current tax liability that is expected to be represented on the tax return The non cash provision is any current taxes that should be accrued for prior years or for amounts that are not represented on the tax return The Cash and Non Cash are segregate on separate lines of the Tax Provision report To import information on the Tax Adjs section complete the appropriate fields on the ZUTAZ Unit Tax Adjs sheet in the Import Number Template Entry Fields Code amp Description e The codel 1518 description are established by an Administrator for the tax adjustments 261 e Entries with codes beginning with NC will designate the tax adjustment as a non cash tax adjustment Adjustment e Positive amounts will increase and negative amounts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency NOL Temp Diffs NOL temporary difference information is manage in the NOL Temp Diff section under Data Review 43 gt Forecast Federal in the Interim 121 tabs The NOL temporary differences section has three entry columns The Activity Deferred and Balance Sheet Only column amounts will impact the tax provision ap differently Each NOL temporary difference line will default to being tax effected using the unit rate The beginning and ending unit rate can be overridden on a line by line b
32. Audit Trail 36 TS Database Analyzer 14 148 181 J Uncertain Tax Positions FIN 48 172 Unit 13 24 Administration 43 Amoritzed AT Temp Diffs 50 Amoritzed Temp Diffs 49 Amortized AT Temp Diffs 43 Amortized Perm Diffs 43 47 Amortized Temp Diffs 43 AT Temp Diffs 43 50 63 2009 ONESOURCE TAXSTREAM PROVISION ONE SOURCE Unit 13 24 Version 19 Domestic 15 View Audit Trail 17 Foreign 15 View Categories Audit Trail 17 InterCo Txn Entry 43 NOL Temp Diffs 43 i W NOL Temporary Differences 52 64 Payable Entry 43 53 Perm Diffs 43 47 TaxAdjs 43 Tax Adjustments Cash 51 64 Tax Adjustments Non Cash 51 64 Temp Diffs 43 48 62 Trial Balance Tax Basis 43 Unit Details 43 44 Unit Administration 44 71 72 Unit Dataset Parameters 17 186 Unit Details Automation 44 45 72 73 Estimated Payments 47 Misc 44 46 72 74 PTBI 44 72 Taxes Per Book 44 46 72 74 nit Record 43 61 71 nit State Dataset Parameters 17 186 nit Summary Report 117 nit Tax Rates 44 72 ser Component Access Codes 180 ser Interface TI ser Level Administrator 37 Read Only 37 Read Write 37 User Status Active 37 Inactive 37 User Status Report 133 Username 37 UTP Application 172 e Ms Valuation Allowance Aggregated Base 45 73 Separate Base 45 73 Valuation Allowances Aggregated Attribute Basis 165 166 Automation 165 166 Separate Attribute Basis 165 Weighted Average Foreign Exchange Rate 44 72 152 Weighted Average FX Rate
33. Book Income Annual Estimate Permanent Differences amp Temporary Differences Apportionment Rate Data Review Forecast State State Details 55 Apportioned Income Pre NOL Allocable Income times Apportionment Rate NOLs Data Review Forecast State State After App Temp Diffs se Apportionable Income Sum of Apportioned Income Pre NOL and NOLs ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review State Tax Rate Data Review Forecast State State Details ss Only displays at the Unit reporting level Tax Before Credits Apportionable Income times State Tax Rate ie State Temp Differences Data Review gt Forecast gt Federal gt State After Tax Temp Diffs 59 Cash State Tax Adjustments Data Review Forecast State State Tax Adis 601 Only cash items where the codes do NOT start with NC_ Non Cash State Tax Adjustments Data Review Forecast State State Tax Adjs ei Only non cash items where the codes start with NC Current State Provision Tax Before Credits After Tax State Temp Differences Cash State Tax Adjustments amp Non Cash State Tax Adjustments Deferred State Tax Provision Begin Deferred Tax Per B S plus Bal Sheet Only Adjustment minus Ending Deferred Tax Per B S plus CTA and Deferred Provision Only lines State Equity Adjustment Data Review Forecast Perm Diffs 47 Reversal of the impact to the current provision for Equity Adjustment Permanent Difference
34. Category functionality e This will generate a file with three sheets CPYRL Payable Rollups CPYTP Payable Types amp CPYBK Payable Buckets e Exporting before items have been entered will generate a blank Import Bridge Map Template System Manage Deferred Rollforwards 38 Manage NOL Rollforwards Es Manage Restricted Features ae Administer Users 377 Administer Permissions 381 Manage Countries Currencies 381 Manage Tags 38 1 Login History ad TS Database Analyzer 39 View Audit Trail 391 View Categories Audit Trail 491 and Manage Rollups 4 are created and managed in the Administration 1 tab in the System section Manage Deferred Rollforwards e Up to 26 Deferred Rollforwards Columns can be added and configured under System 351in the Administration 121 tab These columns will be reflected in the expanded view of the Deferred Balances report e The existing deferred rollforward column s name can be modified or deleted To delete the columns decrease the number of columns number e The deferred rollforward column assignments to tag letters 16 can be modified Ensure that the every column is referenced at least once in the assignments and that columns that were deleted are not being referenced in the assignments e To import the Deferred Rollforward mappings complete the appropriate fields on the ZCDRFZ Deferred Rollforwards sheet in the Import Category Template Entry Fields Number of columns e The number can be any numbe
35. Control Center CS Options Source Data Provision Calculations Payable Entry Fed Only State Only Year Unit Jurisdiction Bucket Year Jurisdiction Type Unit Jurisdiction Year Jurisdiction Type Jurisdiction Year Year Bucket The report displays the information in the taxes payable for the units in the selected dataset or sub consolidation selected in the Control Center The supporting detail for the calculations can be seen in detailed on separate reports Provision Items Total Current Tax Provision Report Views Defaults to a Year Unit Jurisdiction Bucket view of the report for the Federal and State balances Line By Line Depending on the view chosen the lines can be Year Unit or Jurisdiction Type State Only will display payable entries in the State or user defined Jurisdiction section The Year Unit Jurisdiction Bucket will first sort the payable data on the Fiscal Year then Unit then Jurisdiction then Payable Bucket The Year Jurisdiction Type will first sort the payable data on the Fiscal Year then the Jurisdiction type The Jurisdiction Type Jurisdiction Year will first sort the payable data on the Jurisdiction type then the Jurisdiction then the Fiscal Year The Year Bucket will first sort the payable data on the Fiscal Year then the Payable Bucket Column By Column Fiscal Year The Fiscal Year chosen in the Payable Entry 53 screen Unit Code Unit Name The Unit where the Payable Entry s was made Ju
36. Current Deferred and Equity provision calculations The Forecasted rate is applied to the Pre Tax Book Income and is then added to the ONESOURCE Enterprise User Manual Chapter 4 Functionality Extraordinary Discrete items at the unit rates to arrive at the provision for the quarter There isa state level Interim Provision report as well e The Effective Tax Rate Reconciliation 10 report displays the components of the interim provision The report is similar to the report in the Provision tab with the exception of an additional line that reconciles the Forecasted vs Actual rate impact on the Pre Tax Book Income e The Deferred Balances Temp Diff Summary Foreign Domestic Summary Payable and Journal Entry reports are identical to the reports in the Provision tab and will display the data for the interim period Interim Process The Interim Dataset creates data entry areas for the forecast and actual data for the three quarters Users must move sequentially through the interim dataset Prior Full Year to Quarter 1 e A Provision dataset containing the full year data in the Provision tab can be used as the basis for the Quarter 1 The option to roll over from existing dataset is available when creating an Interim dataset The drop down will list all the available Provision datasets Available dataset must be 4th quarter 12th month or full year for the year prior to the interim dataset year that is being created e The endi
37. Current Tax Provision Report Views e Defaults to a Year Unit Jurisdiction Bucket view of the report for the Federal and State balances Line By Line e Depending on the view chosen the lines can be Year Unit or Jurisdiction Type Fed Only will display payable entries in the Federal section State Only will display payable entries in the State or user defined Jurisdiction section The Year Unit Jurisdiction Bucket will first sort the payable data on the Fiscal Year then Unit then Jurisdiction then Payable Bucket e The Year Jurisdiction Type will first sort the payable data on the Fiscal Year then the Jurisdiction type The Jurisdiction Type Jurisdiction Year will first sort the payable data on the Jurisdiction type then the Jurisdiction then the Fiscal Year e The Year Bucket will first sort the payable data on the Fiscal Year then the Payable Bucket Column By Column e Fiscal Year The Fiscal Year chosen in the Payable Entry 531 screen e Unit Code Unit Name The Unit where the Payable Entry 537 was made e Jurisdiction The Jurisdiction Federal State or user defined jurisdiction 21 where the Payable Entry 531 was made Bucket The Payable Bucket 347 chosen in the Payable Entry 531 screen e Jurisdiction Type The amounts are classified as either Federal or State depending on the Unit where the Payable Entry 53 was made Beginning Balances Amounts in the Payable Entry 53 screen for years before the dataset year Transaction Amou
38. Details 557 Deferred Tax Provision Begin Deferred Tax Per B S plus Bal Sheet Only Adjustment minus Ending Deferred Tax Per B S plus CTA and Deferred Provision Only lines Equity Adjustment Data Review Federal Perm Diffs 471 Reversal of the impact to the current provision for Equity Adjustment Permanent Differences Total State Provision Sum of the Total Current Provision Deferred Tax Provision amp Equity Adjustment lines ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review State Tax Provision Interim Provision Reporting Levels n Control Center CS Options Source Data All Data Review Screens view detail view summary The report displays the state tax provision calculations for the specific state selected in the Control Center The supporting detail for the calculations can be seen in detailed on separate reports Provision Items e Current State Tax Expense e Deferred State Tax Expense e State Equity Offset to Current Expense e Total State Tax Provision Report Views e Defaults to a detail view of the report e Choosing unit breakout will generate an Excel spreadsheet that will detail the unit by unit underlying calculations for the state s provision expenses e The unit breakout comparison view option allows the user to create a side by side comparison of two datasets The result will be a total and unit by unit variance report It will either display on the screen or export t
39. Diff section under Data Review 43 gt Unit 431 in the Provision 127 amp Estimated Payment 17 tabs e The amortized after tax temporary differences section has two entry columns The Activity ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review and Deferred column amounts will impact the tax provision 1881 differently e Amortized after tax temporary differences allow users to enter different book and tax amortizable basis and amortization periods The resulting after tax amortized temporary difference between the basis will be automatically computed The remaining balance of the basis and periods will rollover to future datasets when the dataset is rolled over e To import information on the Amortized AT Temp Diffs section complete the appropriate fields on the ZUATTDAMZ Unit AfterTax TD Amort sheet in the Import Number Template Entry Fields Code amp Description e The code 1518 description are established by an Administrator for the after tax temporary difference 261 Sub Type e There are two Types of temporary differences balances Current and Non Current 17 Choose the Type that best relates to the balance sheet account where the deferred tax asset or liability should be represented Source e The Src tagli letter is used to identify each line entered to the originating source Months e The months entered for both book and tax will be used to compute the ratable amount applicable to th
40. Entry Fields Code amp Description ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review e The codel 151 amp description are established by an Administrator for the state after tax temporary difference 281 C NC e There are two Types of temporary differences balances Current and Non Current 17 Choose the Type that best relates to the balance sheet account where the deferred tax asset or liability should be represented Src e The Src tagli letter is used to identify each line entered to the originating source Beginning Balance e The cumulative temporary difference balance will rollforward from the prior dataset 151 Activity e Activity will impact wb the current and deferred provision as well as the deferred balances e Positive amounts will increase and negative amounts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency Deferred e Deferred will impact 1s amp the deferred provision only as well as the deferred balances e Typically this entry type is used for the impact of valuation allowances or adjustments to prior year balances Balance Sheet Only e Balance will only impact ap the deferred balances e Typically this entry type is used for the impact of equity or other comprehensive income items State Tax Adjs e State tax adjustment information is manage
41. If a prior quarter was Advanced in error and needs to be adjusted there is the option to Roll Back to the prior quarter If entries have been made in the current quarter be sure to export out any data so that it is preserved Home Data Review Forecast 2 Q1 Actual 1 Current Quarter Q2 Roll Back to Q1 Advance to Q3 Interim Multi States In version 5 0 58 and higher there is the ability to generate an interim state forecasted tax rate based on multi states When the system generates a Forecasted State Rate it will include the impact of the forecasted state apportionment Actual Apportionment Totals 100 for All Unit e In the Actual section of the software if the Apportionment for a unit adds up to 100 then the system will properly Allocate 100 of the Actual PTBI and multiply it by the Forecasted State Rate post forecasted apportionment Actual Apportionment Is Greater Less than 100 for Any Unit In the Actual section of the software if the Apportionment for a unit is less than 10096 or more than 100 the system will not accrue the correct amount and an adjustment must be made The software will first apportion the PTBI by the Actual Apportionment and then apply the Forecasted State Rate which already has the impact for the Apportionment from the Forecast included The program will warn the user that less than 10096 of the PTBI was allocated by displaying the following Allocated Actual PTBI for States Differs Fr
42. Import Rolling Pin e The data on the import rolling pin template is populated in oro ecd Import Dataset section under Data jmpori 851 gt Spreadsheet Import Dataset sin the Provision 1218 Estimated Payment 12 tabs e The Rolling Pin is a flexible general purpose macro which will use a wide range of spreadsheet formats There is some general rolling pin formatting s that need to occur before it can be imported e Once the data has been identified in the file it can be imported into the dataset ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Entry Fields 1 Choose the Target Dataset e The dataset name will default to the dataset chosen in the control center since that is where the dataset is determined To choose a different dataset change the dataset in the control center and the display will show the new dataset 2 Choose the format and file s of source spreadsheet e The first drop down allows the user to select Import Rolling Pin e The second drop down allows the user to identify where the import number spreadsheet template is saved More than one file can be added if appropriate 3 Update TaxStream e This step will process the data in the import spreadsheet and post it in the dataset Once the import is complete the import log 897 will display 4 Refresh Report Data Now optional e Refreshing the report data will re run all calculations to ensure that any information that is calcul
43. Islands Rufiyaa MVR Bangladesh Taka BDT Malta Liri expires 2008 Jan 31 MTL Barbados Dollars BBD Mauritania Ouguiyas MRO Belarus Rubles BYR Mauritius Rupees MUR Belize Dollars BZD Mexico Pesos MXN Bermuda Dollars BMD Moldova Lei MDL Bhutan Ngultrum BIN Mongolia Tugriks MNT Bolivia Bolivianos BOB Morocco Dirhams MAD Bosnia and Herzegovina Convertible Marka BAM Mozambigue Meticais MZN Botswana Pulas BWP Myanmar Burma Kyats MMK Brazil Brazil Real BRL Namibia Dollars NAD Brunei Darussalam Dollars BND Nepal Nepal Rupees NPR Bulgaria Leva BGN Netherlands Antilles Guilders also called Florins ANG Burundi Francs BIF New Zealand Dollars NZD Cambodia Riels KHR Nicaragua Cordobas NIO Canada Dollars CAD Nigeria Nairas NGN Cape Verde Escudos CVE Norway Krone NOK Cayman Islands Dollars KYD Oman Rials OMR Chile Pesos CLP Pakistan Rupees PKR China Yuan Renminbi CNY Palladium Ounces XPD Colombia Pesos COP Panama Balboa PAB Sol Financi re Africaine BCEAO XOF Papua New Guinea Kina PGK GE Financi re Africaine BEAC Francs XAF Paraguay Guarani PYG Comoros Francs KMF Peru Nuevos Soles PEN Comptoirs Fran ais du Pacifique Francs XPF Philippines Pesos PHP Congo Kinshasa Congolese Francs CDF Platinum Ounces XPT Costa Rica Colones CRC Poland Zlotych PLN Croatia Kuna HRK Qatar Rials QAR Cuba Pesos CUP Romania New Lei RON Cyprus Pounds expires 2008 Jan 31 CYP Russia Rubles RUB Czech Republic Koruny CZK Rwan
44. Manats TMM Iraq Dinars IQD Tuvalu Tuvalu Dollars TVD Isle of Man Pounds IMP Uganda Shillings UGX Israel New Shekels ILS Ukraine Hryvnia UAH Jamaica Dollars JMD United Arab Emirates Dirnams AED Japan Yen JPY United Kingdom Pounds GBP Jersey Pounds JEP United States of America Dollars USD Jordan Dinars JOD Uruguay Pesos UYU Kazakhstan Tenge KZT Uzbekistan Sums UZS Kenya Shillings KES Vanuatu Vatu VUV Korea North Won KPW Venezuela Bolivares expires 2008 Jun 30 VEB Korea South Won KRW Venezuela Bolivares Fuertes VEF Kuwait Dinars KWD Viet Nam Dong VND Kyrgyzstan Soms KGS Yemen Rials YER Laos Kips LAK Zambia Kwacha ZMK Latvia Lati LVL Zimbabwe Zimbabwe Dollars ZWD ONESOURCE Enterprise User Manual Reference Items Date Range Codes Code Description Code Description FY Full Year Mg Ninth Month Only Q1 1st Quarter Only M10 Tenth Month Only Q2 2nd Quarter Only M11 Eleventh Month Only Q3 3rd Quarter Only M12 Twelfth Month Only Q4 4th Quarter Only 2M YTD First Two Months M1 First Month Only 4M YTD First Four Months M2 Second Month Only 5M YTD First Five Months M3 Third Month Only 7M YTD First Seven Months M4 Fourth Month Only 8M YTD First Eight Months M5 Fifth Month Only 10M YTD First Ten Months M6 Sixth Month Only 11M YTD First Eleven Months M7 Seventh Month Only 2Q YTD First Two Quarters M8 Eighth Month Only 3Q YTD First Three Quarters Default Payable Transaction Types Description Rollup Code Ad
45. Manual Chapter 3 Data Entry amp Review Cash Tax Adjustments Data Review Forecast Federal Tax Adis 517 Only cash items where the codes do NOT start with NC_ Non Cash Tax Adjustments Data Review Forecast Federal Tax Adel a Only non cash items where the codes start with NC Federal Current Provision Sum of Federal Tax Current After Tax Temp Differences Cash Tax Adjustments amp Non Cash Tax Adjustments Deferred Tax Provision Begin Deferred Tax Per B S plus Bal Sheet Only Adjustment minus Ending Deferred Tax Per B S plus CTA and Deferred Provision Only lines Equity Adjustment Data Review Unit Perm Diffs 47 Reversal of the impact to the current provision for Equity Adjustment Permanent Differences Total Federal Provision Sum of the Total Current Provision Deferred Tax Provision amp Equity Adjustment lines Federal Forecasted Rate Total Federal Provision divided by Pre Tax Book Income Annual Estimate Pre Tax Book Income Annual Estimate Data Review Forecast Federal Interim Unit Details 61 Permanent Differences Includible for State Data Review Forecast Federal Perm Diffs 47 amp InterCo Txns 534 e Modifications Data Review Forecast State State Perm Diffs si Temporary Differences Includible for State Data Review Forecast Federal Temp Diffs 481 amp Amortized Temp Diffs 507 Allocable Income Sum of Pre Tax Book Income Annual Estimate Permanent
46. ONESOURCE Enterprise User Manual Chapter 1 Overview This chapter will familiarize a user with the basic terminology and functionality in Onesource Taxstream Provision The provision calculation the user interface and Onesource Taxstream Provision specific concepts will be described This chapter will be the building blocks for the rest of the user manual Overview of FAS 109 Calculations Current Provision Calculation Pre Tax Book Income Deductible State Tax Permanent Differences Temporary Differences Net Operating Loss Reclass HH Uz Il Taxable Income Tax Rate Tax Amount After Tax Temporary Differences Tax Adjustments Current Tax Provision Deferred Provision Calculation ll HO Hos H Beginning Deferred Tax Asset Liability Balance Sheet Only Adjustment Ending Deferred Tax Asset Liability Currency Translation Adjustment Offset Deferred Provision Only Adjustment Deferred Tax Provision Total Provision Calculation IK Hoc Current Tax Provision Deferred Tax Provision Equity Adjustment State Tax Provision Total Tax Provision Chapter 1 Overview ONESOURCE Enterprise User Manual Chapter 1 Overview User Interface The user interface is made up of a Menu Bar Function Tabs a Control Center the Navigator and the Work Area ONESOURCE TAXSTREAM PROVISION Fie About ge Menu Bar Est Pymt Interim Administration Help bn Functional Tabs 02000 DEF Corporati
47. Onesource Taxstream Provision Always use care when working with parameters AdvLiabPosting Alphanumeric N Deactivates the auto payable posting AdvLiabPosting Alphanumeric Y Activates the auto payable posting ALT PERM Alphanumeric Perm Diff Permanent difference that should be considered in the Code alternative base amounts ALT TEMP Alphanumeric Temp Diff Temporary difference that should be considered in the Code alternative base amounts CASENUMBER Alphanumeric User Defined Case number to identify the unit when exporting data to Code compliance systems EstPymtFranchiseType Alphanumeric Tag Letter Dictates the tag letter used in the payment summary report for income payments EstPymtPctCushion Decimal 1 XX Cushion amount that should be added to the estimated Number payments EstPymtRoundFactor Whole Number X00 X000 Rounding factors applied to estimated payments EstPymtType Alphanumeric Tag Letter Dictates the tag letter used in the payment summary report for income payments FATTD Prefix Alphanumeric AT Temp Diff Identifies which of the AT Temp Differences ATTD Code should be considered as Foreign Tax Credit Carryover amounts for the Alternative Minimum Tax Calculation If no value is entered no ATTD will be included in the calculation FEDBENEFITOFSTATE Alphanumeric FED STATE FED Federal Benefit of State impact in the Federal Rate or STATE Federal Benefit of State impact in the State Rate Payable Define which paya
48. Only adjustment to the temporary difference The Excess detriment should reduce the APIC pool but be sure that the APIC pool does not go below zero APIC Pool APIC Pool Parameter The APIC Pool functionality and reports do not display by default A system parameter et must be added to view the APIC Pool ParamKey ENABLE APICPOOL with ParamValue 1 APIC Pool Functionality Allows the balances in the APIC Pool to be tracked on a unit by unit basis The APIC Pool can track beginning balances and all activity that occurred during the period When the dataset is rolled over to a new period the ending balances will become the beginning balances The APIC Pool reports can be viewed on a Unit Sub Consolidated and Consolidated basis ONESOURCE Enterprise User Manual Chapter 4 Functionality True Up to Return RTP e The tax returns for the prior year are typically filed in the current year Once the returns have been filed a true up must be booked for the difference between what was accrued for in the prior year s provision and the actual amount on the tax returns This true up must be booked in the current year s provision There are several approaches to representing the true up adjustments can be entered into the system in multiple ways Depending on how the true up should be represented in the current year s provision the true up can be entered using a single dataset ve or a multiple dataset wei approach Single Dataset
49. PAYABLE_RTP_BUCKET Alphanumeric Payable Define which payable bucket the Tax Adj with codes Bucket Code NC RTP or NC ATR will post to Unit State Dataset Parameters There are no Unit State Dataset Parameters at this time Please refer to the Parameter User Guide for more information on the how parameters will modify an instance of Onesource Taxstream Provision Always use care when working with parameters PAYABLE_CPROV_BUCKET Alphanumeric Payable Define which payable bucket the Current Cash Provision Bucket Code will post to PAYABLE RTP BUCKET Alphanumeric Payable Define which payable bucket the Tax Adj with codes Bucket Code NC RTP or NC ATR will post to ONESOURCE Enterprise User Manual Reference Items Import Error Messages Import Categories incomplete badly formatted data necessary information is missing import NOL temporary differences incomplete badly formatted data sheet CNOLTD NOL TempDiffs line 3 Go back to the page indicated and check that you have entered all the necessary information Import Numbers Badly formatted data not enough information for that unit perm diff temp diff etc means the same thing as Incomplete record found in ZUTA Z Unit Tax Adjustments UTBBS Unit Trail BalSheet import state tax adjustments D1000 NY STA1000 badly formatted data Check that you have entered information into all of the mandatory fields Incomplete record not enough inform
50. Perm Diff 32 Amort Temp Diff 32 Export Mappings 33 Import Mappings 33 Perm Diff 30 Pre Tax Book Income 29 Tax Accounts 30 Temp BSO Diff 31 Temp Diff 31 Trial Balance 33 Manage DataSets Dataset 21 Interim Datasets 23 Reporting Dataset 22 18 95 152 View Reporting Dataset Log 23 Manage Deferred Rollforwards 107 144 Manage NOL Rollforwards 110 Manage Payable Export Payable Categories 35 Manage Payable Buckets 34 Manage Payable Rollups 34 Manage Payable Txn Types 34 Manage Security User 37 Manage States States 28 States After App Temp Diffs 29 States After Tax Temp Diffs 28 States Tax Adjustments 29 Suppress Pre Populated States 28 Manage Tax Basis Return 27 Manage Trial Balance Lines Export Mappings 28 Import Mappings 28 Trial Balance Lines 26 2009 ONESOURCE TAXSTREAM PROVISION ONE SOURCE Manage Trial Balance Lines Trial Balance SubLines 27 Manage Unit After Tax Temporary Difference 26 Intercompany Transactions 26 NOL Temporary Difference 25 Permanent Difference 25 Sub Consolidations 24 Tax Adjustments 26 Temporary Difference 25 Unit 24 Members Components 38 Menu Bar 1112 Multiple Currencies in Reports 157 N Navigator 11 14 Data Import 85 Data Review 43 Net Deferred Tax Assets Liabilities 115 NOL Automation Base NOL Allowance 45 73 NOL Allowance Rate 45 73 State Base NOL Allowance 56 State NOL Allowance Rate 56 NOL Balances Report TIO NOL Rollforward 18 NOL Temporar
51. Provision amp Equity Adjustment lines ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review State Legacy Tax Provision Estimated Payments Reporting Levels n Control Center CS Options Source Data All Data Review Screens unit breakout The report displays the state tax provision calculations for the specific state selected in the Control Center The supporting detail for the calculations can be seen in detailed on separate reports Provision Items Current State Tax Expense Deferred State Tax Expense State Equity Offset to Current Expense Total State Tax Provision Report Views Defaults to a detail view of the report Choosing unit breakout will generate an Excel spreadsheet that will detail the unit by unit underlying calculations for the state s provision expenses Line By Line Federal Taxable Income Federal Taxable Income Post NOL line from the Federal Tax Provision report 98 In the consolidated and sub consolidated view each unit must have the state record 161 activated to have that unit s Federal Taxable Income to be included in the state level report If the record has not been activated there will be a difference in the two reports The state does not have to have a tax rate or apportionment Backout Perm Diffs not includable for State Data Review Unit Perm Diffs 47 amp InterCo Txns 53 where includable status 1 is no Backout Temp Diffs includable for State
52. Rate 0 45 Weighted Avg FX Rate 0 5 0 5 Beginning Balances in Reporting Currency at Beginning Rates 77 778 10 000 70 000 Beginning Balance Local Currency Pre Rate 100 000 100 000 100 000 Beginning Deferred Rate 35 35 Ending Deferred Rate 4096 40 Ending FX Rate 0 55 0 55 Weighted Avg FX Rate 0 5 Beginning Balance in Reporting Currency at Ending Rates 63 636 3 081 80 000 FX Rate Change 14 141 909 15 051 Deferred Rate Change 10 000 10 000 Total Rate Change 5 051 ONESOURCE Enterprise User Manual Chapter 4 Functionality FX Rate Change e The FX Rate Change is the impact of the FX rate change on each of the beginning balances including the impact of any FX rate change from a change in the deferred rate Beginning Balance Beginning FX Spot Rate Beginning Balance Ending FX Spot Rate Beginning Balance X Ending Deferred Rate Beginning Deferred Rate Ending FX Spot Rate Beginning Balance X Ending Deferred Rate Beginning Deferred Rate Weighted Avg FX Rate Def Rate Change computations e The Deferred Rate Change is the impact of the deferred rate change on each of the beginning balances Beginning Balance X Ending Deferred Rate Weighted Avg FX Rate Beginning Balance X Beginning Deferred Rate Weighted Avg FX Rate Deferred Balance Report in the Expanded US View e Currency Translation Adjustment e Deferred Balances in USD are translated from the Local Currency Ba
53. Rollup Display Sorted on Rollup Bucket Codes 401 Tax Basis Balance Sheet amp Trial Balance Format Rollup Display Sorted on Rollup Bucket Codes 401 Export to Insource Format Export Report Changes 7h Estimated Payments Format Estimated Payment Data Feed From Payable 102 TS Database Analyzer Feature Query Results 148 Export to Excel International Terminology Expanded Parameter European 8 Canadian Terminology GlobalRegion wei Print Configuration Parameter Fit to Fixed Number of Pages PRINTFORMAT PAGESWIDE wer Functionality Interim Reporting New Calculations Multi State Forecast Rate Forecasted Annual Rate e Alternative Minimum Tax New Calculations New AMT Approach weg System Administration Update Administer Permissions se Import Numbers Spreadsheet New Tabs Update Rates Import Sheets SRATES 551 STDR amp 4 amp GSTD4L s New Feature User Rights Administer Users 371 EXTENDED USER RESTRICTION sh Bridge New Parameters Limitations on Bridge Access 891 BRIDGE ALLOW en Estimated Payments New Parameter Payable Estimated Payment Data PULL PAY FROM DATASET i55 Batch Printing Additional Reports Choices for the Payable Rollforward amp Trial Balance New Feature User Rights Administer Users 371 EXTENDED USER RESTRICTION 18h oo This is an overview of the items for a more detailed description of all of items that were released see the Release Notes on the Support website 207
54. State Details 551 in the Provision 1218 Estimated Payment 121 tabs The state after apportionment temporary differences section has three entry columns The Activity Deferred and Balance Sheet Only column amounts will impact the tax provision 188 differently Each state after apportionment temporary difference line will default to being tax effected using the unit rate The beginning and ending state amp unit rates can be overridden on a line by line basis If only the beginning or ending rate is being overridden the user must still populate the field for the other rate or it will default to a zero rate Enter temporary differences that are applicable for state and not recognized for federal purposes To import information on the State AT Temp Diffs section complete the appropriate fields on the SAATDR St AfterApp TempDiff sheet in the Import Number Template Entry Fields Code amp Description e The code s amp description are established by an Administrator for the state after apportionment temporary difference 29 C NC e There are two Types of temporary differences balances Current and Non Current 171 Choose the Type that best relates to the balance sheet account where the deferred tax asset or liability should be represented Src e The Src tag 1 letter is used to identify each line entered to the originating source Beginning Balance e The cumulative temporary difference balance will rollforward from the
55. Tab Prov 125 Report Name AMT Estimator Trial Balance Reports Prov Intrm Tax Basis Balance Sheet Prov Intrm Journal Entry Reports Prov Intrm 8 Attachments Review Prov Intrm User Status Prov Intrm State Jurisdiction State Summary Forecasted State Rate Report d Prov Est Pymt Intrm Provision Summary d A State Tax Prov Rpt Breakout Prov 125 State Est Pymt Summary Est Pymt 142 T State Unit Summary Prov Intrm 128 State Specific z 3 amp Prov 134 Est Pymt Tax Provision 138 ntrm 1361 v o lt E m o Ld U El Ld Legacy Tax Provision E H T 3 E State Est Pymt Deferred Balances Prov Intrm Payable Rollforward Prov Intrm Payable Detail Prov Intrm Self Reconcilation of Reports The computed amounts for all Reports under a reporting level based on the choices made in the control center will always agree to one another Each report may show different views or aspects of the data but where there is a common line item eg Total Provision Effective Tax Rate it will always agree with all the other reports at the reporting level Parameters for Reports Parameters can configure functionality calculations and report views e Pre defined parameters can be activated by an Administrative user at four levels System se Dataset 431 Unit 441 and State 55 e New parameters are added with each releas
56. Tax Temporary Difference s name can be modified e Only a After Tax Temporary Difference that has no entry in any dataset can be deleted e To import a new After Tax Temporary Difference complete the appropriate fields on the ZCATTD AfterTax TempDiffs sheet in the Import Category Template Entry Fields Code amp Name e The After Tax Temp diff code 151 is user defined and can be any combination of alpha 8 numeric characters including spaces The name can be edited after it is created e The After Tax Temp diff code 8 name will be displayed in the reports Tax Adjustments e A Tax Adjustments can be added as needed under Manage Units 27 in the Administration 124 tab e The existing Tax Adjustments name can be modified e Only a Tax Adjustments that has no entry in any dataset can be deleted e To import a new Tax Adjustments complete the appropriate fields on the ZCTAZ Tax Adjustments sheet in the Import Category Template Entry Fields Code amp Name e Tax Adjustments code s1is user defined and can be any combination of alpha amp numeric characters including spaces The name can be edited after it is created e The Tax Adjustments code amp name will be displayed in the reports e Codes that begin with NC will be treated as non cash on the provision Intercompany Transactions e A Intercompany Transaction can be added as needed under Manage Units 247 in the Administration 127 tab e The existing Intercompany Transaction
57. Temp Diffs s AT Temp Diffs 501 amp Amortized AT Temp Diffs 5o1 amp Data Review State State Temp Diffs 571 State After App Temp Diffs sg A State After Tax Temp Diffs se Rate Change When balances are rate effected the system automatically adjusts the beginning balances to accommodate for any change in deferred rate and any change to foreign exchange rate The difference needed to adjust the beginning balance that was rated using the beginning deferred rate and the ending deferred rate will cause an impact to the deferred tax expense The currency translation adjustment needed to adjust the beginning balances for a change in the foreign exchange rate will not have an impact on the deferred tax expense and will be treated as an equity item View the report in expand i s to display the components of the CTA calculation Change Columns The columns that explain the change in the deferred balances are user defined in the Manage Deferred Rollforward 3 section Each tag and item can be defined to up to 15 columns Adjusted Beginning Balance A sub total column can be inserted in the report to define the adjusted beginning balances There are several options depending on the version and parameter settings Ending Balance Total of beginning balances and all of the items that occurred during the period ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review State Payable Rollforward Reporting Levels n
58. The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency Deferred e Deferred will Impact s the deferred provision only as well as the deferred balances e Typically this entry type is used for the impact of valuation allowances or adjustments to prior year balances Balance Sheet Only e Balance will only impact 188 the deferred balances e Typically this entry type is used for the impact of equity or other comprehensive income items AT Temp Diffs e After tax temporary difference information is manage in the AT Temp Diff section under Data Review 43 Forecast Federal in the Interim 121 tabs e The after tax temporary differences section has three entry columns The Activity Deferred and Balance Sheet Only column amounts will impact the tax provision e differently e The after tax temporary difference should be entered on a post rate basis The appropriate federal benefit of state will be computed on these balances e To import information on the AT Temp Diffs section complete the appropriate fields on the ZUATTD U AfterTax TempDffs sheet in the Import Number Template Entry Fields Code amp Description e The code 51 amp description are established by an Administrator for the after tax temporary difference 261 C NC e There are two Types of temporary differences balances Current and Non Current 17 Choose the Type that best relates
59. Unit 431 in the Provision 127 amp Estimated Payment 12 tabs e The amortized temporary differences section has two entry columns The Activity and Deferred column amounts will impact the tax provision 1 amp 5 differently e Each temporary difference line will default to being tax effected using the unit rate e Amortized temporary differences allow users to enter different book and tax amortizable basis and amortization periods The resulting amortized temporary difference between the basis will be automatically computed The remaining balance of the basis and periods will rollover to future datasets when the dataset is rolled over To import information on the Amortized Temp Diffs section complete the appropriate fields on the ZUTDAM Unit Temp Diff Amort sheet in the Import Number Template Entry Fields Code amp Description e The code 15 amp description are established by an Administrator for the temporary difference 2 Sub Type e There are two Types of temporary differences balances Current and Non Current 17 Choose the Type that best relates to the balance sheet account where the deferred tax asset or liability should be represented Source e The Src tag 1 letter is used to identify each line entered to the originating source Months e The months entered for both book and tax will be used to compute the ratable amount applicable to the period Beginning Balance e The beginning balance will rol
60. ZUZ Unit sheet in the Import Number Template Entry Fields Valuation Allowance Rates ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review The automation will post two amounts in the Temporary Difference NOL Temporary Difference and After Tax Temporary Difference screens with the codes that all begin with VA_SYS One amount for the current amount and another for the non current amount All amounts will have the source tag 16 of A There are system codes 15 that must exist for the automation to post There are two approaches to the Valuation Allowance Automation 1 amp 5 Separate Base 8 Aggregate Base NOL Creation and Utilization The automation will post an amount as an NOL Temporary Difference with the system code 1 NOL SYS and the source tag got A The NOL automation will post a reclass to create the NOL Temporary difference when the unit has a taxable loss or will draw down an available NOL Temporary Difference when the unit has taxable income Choices made in the NOL Allowance Rate and Base NOL Allowance will impact the amount of the reclass to NOL that will be posted The NOL Allowance Rate is the percent of taxable income loss that should be considered when computing the NOL that should be reclassed for the specified unit The Base NOL Allowance e g 382 limitation will limit the amount of NOL that will be considered If there is no Base NOL Allowance the field should be left at the de
61. a line for each unit in the sub consolidation consolidation Column By Column e Pre Tax Book Income Data Review Federal Unit Details PTBI 441 in the Provision tab Data Review Actual Federal Unit Details PTBI 7 in the Interim tab e Federal Taxable Income Post NOL Tax Provision Report 98 Federal Taxable Income Post NOL line in the Provision tab Interim Provision Report 999 Pre Tax Book Income plus Discretes pre Rate lines in the Interim tab e Total Tax Provision Tax Provision Report 98 Total Tax Provision line in the Provision tab Interim Provision Report o Total Tax Provision line in the Interim tab e Effective Tax Rate Tax Provision Report og Effective Tax Rate line in the Provision tab Interim Provision Report o Effective Tax Rate line in the Interim tab ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Payable Rollforward Reporting Levels Control Center Configurable Options Source Data Provision Calculations Payable Entry Fed Only State Only Year Unit Jurisdiction Bucket Year Jurisdiction Type Unit Jurisdiction Year Jurisdiction Type Jurisdiction Year Year Bucket The report displays the information in the taxes payable for the units in the selected dataset or sub consolidation selected in the Control Center The supporting detail for the calculations can be seen in detailed on separate reports Provision Items e Total
62. a time and date stamp e The View By filtering option allow the data to be scoped to a manageable output level e The report generated will detail what change occurred by displaying the original entry and the changed amount Each change will have the following columns of detail Transaction Type User Component Type Field Component Original Value Component Changed Value Date Although it is not advised the categories audit trail can be truncated 3 to clear historical data Entry Fields View By e Username Defaults to lt all gt users but any single user can be chosen from the drop down Component Defaults to all components but can be any single component 19 type can be chosen from the drop down e From Defaults to the current date but can be changed to any date by either entering or choosing the calendar drop down To Defaults to the current date but can be changed to any date by either entering or choosing the calendar drop down Manage Rollups Users can create multiple rollup sets of data There are three types of rollup sets Effective Rate Deferred and Trial Balance The Effective Rate rollup will determine how data is rolled up and presented on the Effective Tax Rate report The Deferred rollup will determine how data is rolled up and presented on the Deferred Balances report The Trial Balance rollup will determine how data is rolled up and presented on the Trial Balance and Tax Basis Balance Sheet
63. amp unit view options will display either rate effected or pre tax balances with various levels of detail The summary view will display the NOL balances by the year they expect to expire The hybrid view will display both the year expected to expire as sub totals and the underlying detail for each expiration year The detail view will show the report at a detailed level The unit view will group the balances into a single line for each unit in the sub consolidation or consolidation The pre tax Fed State FBOS Fed State FBOS State Federal FBOS options determine what rates should be applied to the NOL temporary differences It will either apply the default unit rates or the rated that were entered to override the unit rate for a specific line item Either the State FBOS or the Federal FBOS option will display depending on the federal benefit of state 951 dataset parameter ad that is chosen The all c current nc non current option allows the report to be filtered by the balance sheet status The contracted expanded b s amp expanded i s views allow the user to view the beginning balances period change and ending balances in different ways The b s or balance sheet view can displayed both pre and post rate while the i s or income statement view is only displayed once a rate option is chosen The rate effected views supports the Deferred Tax Asset Liability when expanded b s is chosen or the Deferred Tax Expense and CT
64. are added as needed under Manage Bridge 2 in the Administration 171 tab e Bridge mappings can be modified and deleted e To import Mappings complete the appropriate fields on the ZMTAZ Tax Accounts sheet in the Import Bridge Template Entry Fields LE CC amp UC e The LE must be a valid Unit 241 code 151 e The CC 8 UC are optional user defined codes e Entering an asterisk in the field will apply account rule across all units Ledger Account Code e The Ledger Account should be an account code in the exported trial balance data file Tax Account e The Tax Account bridge mapping choices are FCP Federal Current Provision FDP Federal Deferred Provision SCP State Current Provision SDP State Deferred Provision FDB Federal Deferred Balance SDB State Deferred Balance FLB Federal Liability Balance and SLB State Liability Balance e This mapping will post to the Unit Details taxes per book screen Begin amp End Fctr e Beginning balance factor is typically zero since it will be ignored when computing Tax Accounts e Ending balance factor is typically 1 or 1 depending on the signs of the exported trial balance data file Perm Differences e The bridge mappings of trial balance accounts to various areas of Onesource Taxstream Provision are added as needed under Manage Bridge 29 in the Administration 12 tab e Bridge mappings can be modified and deleted e To import Mappings complete the appropriate fields on the
65. at the unit sub consolidated or legal entity or consolidated basis It can also be viewed on a local or reporting currency basis The report can have one or many roll ups 19 of the sub lines Trial Balance Data e In order to generate a tax basis balance sheet the trial balance accounts must be established and populated Establish how the accounts should be represented in the trial balance Ines 21 and sublines 2 by mapping them In Manage Trial Balance 261 section e The account balances can be entered once the trial balance mapping has been defined Balances can be bridged from an extract file from a general ledger if the bridge mappings have been defined in Manage Bridge 29 If the bridge is not being used the account balances can also be manually entered or populate with the import number template into the Trial Balance Tax Basis 54 section of Unit Details Once book trial balances have been populated Book Adjustments Tax Re class and Other Adjustments can be made as needed Typically the trial balance accounts will be populated on a pre closed basis By making a book adjustments to close out Income Statement items to the Retained Earnings then the assets will equal the liabilities plus equity on the reports Cumulative Temporary Differences e The cumulative temporary differences data can be layered with the book balance sheet to build a Tax Basis Balance Sheet In Manage Tax Basis Tax 27 section establish the mappin
66. be displayed at various tax effected levels by choosing options in the upper right corner Provision Items Deferred Tax Expense Deferred Tax Asset Liability Currency Translation Adjustment CTA Report Views Defaults to the pre tax and contracted view of the report details e Rollups 1 are user defined groupings that allows the detail level component data to be consolidated to be rolled up to a higher level Creating and managing rollups 40 for the report are done in the Administration tab For example a Rollup may assist in generating the footnote while another may explain the results for management reporting The summary hybrid detail amp unit view options will display either rate effected or pre tax balances with various levels of detail To view the summary view first choose a rollup code by clicking on the name then choose summary to view the report summarized by the chosen rollup code The hybrid view will display both the rollup sub totals and the underlying detail for each rollup code The detail view will show the report at a detailed level The unit view will group the balances into a single line for each unit in the sub consolidation or consolidation The pre tax Fed State FBOS Fed State FBOS State Federal FBOS options determine what rates should be applied to the temporary differences It will either apply the default unit rates or the rated that were entered to override the unit rate for a s
67. currency the rate would be 1 666667 1 6 Types e Weighted Average Rates Blended foreign exchange rate for a period of time that is applied to Income Statement Items e Spot Rates Foreign Exchange Rate on a specific date that is applied to Balance Sheet Items Adjustments e Currency Translation Adjustment The difference between Weighted Average Rate and Spot Rate when Income Statement items have an impact the Balance Sheet Items ONESOURCE Enterprise User Manual Chapter 4 Functionality PTBI Policies There are five Pre Tax Book Income policies to choose from to assign to a Unit Each policy asks for different input and will generate the result based on the information entered for the unit Choose the best policy for the data you wish to populate and the calculations that they system should perform Policy PTBI Currency PTBI Rounding ounding e When using the last two policies the Effective Tax Rates may differ in Local Currency and Reporting Currency since the PTBI is using a different Weighted Average rate than the entered Weighted Average e Regardless of the policy chosen the amounts other than the PTBI will be converted at the entered Weighted Average or Spot Rate ONESOURCE Enterprise User Manual Chapter 4 Functionality Change in Rate amp CTA Deferred Balances Tax Rate amp FX Rate Change Deferred Balance Report in the Expanded B S View e Beginning Balance column balances are converte
68. dataset is rolled over e The benefit or deduction of the current state provision in the federal provision can automatically flow at 10096 or it can be limited if it should not be is based on a method other than the current year s accrual of tax On a state by state basis the user can enter the appropriate Federal Deductibility Rates 551for the unit and for the specific state e The designation is made with a Dataset Parameter ep which is established by an Administrative user for the dataset 431 Tax Provision Report e The benefit of state taxes is displayed in the Federal Tax Provision in the line called Deductible State Tax To view the underlying states that generated the deduction view the report in the Detail view The amount displayed will be computed after the Federal Deductibility Rate for the Current default setting is 100 Effective Tax Rate Report e Depending on the parameter the ETR report will display different lines By choosing the Detail view of the report it will show the underlying amounts that build line named State and Local Income Taxes line e FEDBENEFITOFSTATE parameter set to STATE There will be four lines of data Current Provision Deferred Provision Equity Adjustments amp Effect of Current Provision Fed Deduction e FEDBENEFITOFSTATE parameter set to FED There will be six lines of data Current Provision Deferred Provision Equity Adjustments Effect of Current Provision Fed Deduction Fed Benefit
69. deferred tax asset or liability associated with it e Be sure that you use this field appropriately as it may require additional support to justify the expense on the provision Automation e The NOL automation for a state is manage in the Automation section under Data Review 43 gt State 55 gt State Details ss in the Provision 1 amp Estimated Payment 124 tabs e To import information on the Rates amp Apportionment section complete the appropriate fields on the S States sheet in the Import Number Template Entry Fields NOL Creation and Utilization e The automation will post an amount as an NOL Temporary Difference with the system Code 151 NOL SYS and the source tag 1 iof A The NOL automation will post a reclass to create the NOL Temporary difference when the unit has a taxable loss or will draw down an available NOL Temporary Difference when the unit has taxable income Choices made in the NOL Allowance Rate and Base NOL Allowance will impact the amount of the reclass to NOL that will be posted The NOL Allowance Rate is the percent of taxable income loss that should be considered when computing the NOL that should be reclassed for the specified unit The Base NOL Allowance e g 382 limitation will limit the amount of NOL that will be considered If there is no Base NOL Allowance the field should be left at the default value of zero ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review St
70. differently Each state after apportionment temporary difference line will default to being tax effected using the unit rate The beginning and ending state amp unit rates can be overridden on a line by line basis If only the beginning or ending rate is being overridden the user must still populate the field for the other rate or it will default to a zero rate ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review e Enter temporary differences that are applicable for state and not recognized for federal purposes e To import information on the State AT Temp Diffs section complete the appropriate fields on the SAATD St AfterApp TempDiff sheet in the Import Number Template Entry Fields Code amp Description e The code 151 amp description are established by an Administrator for the state after apportionment temporary difference 29 C NC e There are two Types of temporary differences balances Current and Non Current 171 Choose the Type that best relates to the balance sheet account where the deferred tax asset or liability should be represented Src e The Src tag 16 letter is used to identify each line entered to the originating source Beginning Balance e The cumulative temporary difference balance will rollforward from the prior dataset 151 Activity e Activity will impact 1s amp the current and deferred provision as well as the deferred balances e Positive amounts will increa
71. displays in the Interim Tab The Federal area is where all the Federal or National data can be entered and is stored A unit must have a record 16 to enter data For more information on the interim process refer to the Interim Reporting 1551 section under Functionality DataSet The DataSet area will only be displayed to users that have Administrator rights The DataSet can have one area Administration 43 Administration Administrative user can access dataset parameters which control some dataset features Dataset Parameters are defined in the Navigator under Data Review DataSet Administration e An administrator can set characteristics for each dataset that may change how data is treated or represented with Dataset Parameters The pre established dataset parameters 1851 can be added modified or deleted When adding or modifying parameters use care as they can potentially change calculations across all the units in the dataset Parameters are pre defined and are case sensitive The Key Type amp Value are specifically designed for each parameter Deleting parameters is not recommended since they may be required for the system to function properly Opt instead for de activating the parameter rather than deleting it To import a new Dataset Parameter complete the appropriate fields on the DP Datasets Params sheet in the Import Numbers Template Federal All the Federal or National data is entered and stored in the Unit area
72. e A single quarters worth of forecast or actual data can be imported or exported in the Interim tab Export quarterly data by going to Data Export and in the drop down choose either the forecasted or actual data Import quarterly data by going to Data Import and in the drop down choose either the forecasted or actual data The data in the Excel file will be for the quarter determined in the control center ONESOURCE Enterprise User Manual Forecast Calculating the Annualized Forecasted Effective Tax Rate Home Data Review Forecast 01 Federal Chapter 4 Functionality Interim Unit Details Perm Diffs Temp Diffs AT Temp Diffs Tax Adis NOL Temp Diffs InterCo Txn Entry State AK State Details State Perm Diffs State Temp Diffs State After App Temp Diffs State After Tax Temp Diffs State Tax Adis e Interim Unit Details ey e The Forecasted Pre Tax Book Income expected for the year The amounts can be tracked either by quarter or on annual basis e Statutory Tax Rates expected to be enacted by the end of the year should be populated for each unit For state be sure to include the expected apportionment factors for states jurisdictions e Units can be designated to be excluded from the forecasted rate calculation On a unit by unit basis the user can either decide to exclude units when the unit has a loss or when a unit has either income or loss e Perm Diffs Temp Diffs AT T
73. each rollup code The detail view will show the report at a detailed level The unit view will group the balances into a single line for each unit in the sub consolidation or consolidation The Total By Country amp By Unit will determine what level of unit detail will be displayed Total will display four columns By Country view will display the balances sub totalled by the country used for jurisdiction netting and By Unit view will display the Country balances by the underlying units Line By Line e Temporary Differences Data Review Federal State gt Temp Diffs 4s Amortized Temp Diffs ag State Temp Diffs 57 amp State After App Temp Diffs 581 in the Provision tab ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review NOL Reclass Data Review gt Federal gt NOL Temp Diffs 5 in the Provision tab After Tax Temp Differences Data Review Federal State gt AT Temp Diffs 507 Amortized AT Temp Diffs 507 amp State After Tax Temp Diffs s in the Provision tab Column By Column The temporary differences are netted on a Jurisdiction basis by looking to the unit s country code designation to arrive the asset or liability determination The Temp Diff Summary 12 report considers only temporary differences entered for each single unit are considered when netting The Temp Diff Summary Fed Filing Group 113 report has the ability to net balances across units in a filing group Current Assets Tempor
74. groups you could have two countries UK1 and UK2 The temporary differences summary report lists the current assets and liabilities and the non current assets and liabilities Provision Items e Deferred Tax Asset Liability Report Views e Defaults to the Default Federal State Detail and Total views of the report e Rollups 1 are user defined groupings that allows the detail level component data to be consolidated to be rolled up to a higher level Creating and managing rollups 40 for the report are done in the Administration tab For example a Rollup may assist in generating the footnote while another may explain the results for management reporting e The Federal State FBOS Fed State FBOS State Federal FBOS options determine what rates should be applied to the temporary differences It will either apply the default unit rates or the rated that were entered to override the unit rate for a specific line item Either the State FBOS or the Federal FBOS option will display depending on the federal benefit of state 951 dataset parameter 4 that is chosen e The summary hybrid amp detail view options will display either rate effected or pre tax balances with various levels of detail To view the summary view first choose a rollup code by clicking on the name then choose summary to view the report summarized by the chosen rollup code The hybrid view will display both the rollup sub totals and the underlying detail for
75. limited functionality The functionality was expanded in the new reporting currency approach to the calculation Users should consider investigating the new approach Either approach can be used on a dataset by dataset basis with parameters System Parameter hs USE OLD AMTESTIMATOR Default with a param value of 1 will use the original method when a new datasets is created The Dataset Parameter 185 USE OLD AMTESTIMATOR with param value of 1 will use the original method for that dataset it can be changed to 0 to use the new approach AMT calculation are computed in Local Currency not Reporting Currency so if all units in the a filing group 161 must have the same currency for the calculation to be logical Net Operating Losses for both regular tax and AMT are not separately consider in the calculation Consider using the AMT Reporting Currency approach since it will consider both regular and AMT NOLs in the calculation see above for parameter AMT Automation 457 will post the generated AMT liability as activity on an after tax temporary difference with the code AMT_SYS but will not consider if the calculation goes into a recapture position ONESOURCE Enterprise User Manual Chapter 4 Functionality Report Configuration e The ability to view tiered Sub Consolidations can be achieved with either the SC 168 or CSC we functionality e Report Headers and Footers 16 can be user defined to display on the printed reports SC amp CSC Re
76. name can be modified e The BBAL and PRV codes should not be deleted as they are required for the system to work properly To import a new Payable Rollup complete the appropriate fields on the CPYRL Payable Rollups sheet in the Import Category Template Entry Fields Code amp Name e The rollup code 15 is user defined and can be any combination of alpha amp numeric characters including spaces The rollup code amp name can be edited after it is created e The rollup code A name will be displayed in reports Manage Payable Buckets ayable buckets can be added as needed under Manage Payable s4in the Administration 121 tab e The existing payable buckets name can be modified e The payable buckets that have a record 161in any dataset can not be deleted e To import a new Payable Bucket complete the appropriate fields on the CPYBK Payable Buckets sheet in the Import Category Template Entry Fields Code amp Name e The bucket code s1is user defined and can be any combination of alpha amp numeric characters including spaces The bucket name can be edited after it is created e The bucket code amp name will be displayed in reports ONESOURCE Enterprise User Manual Chapter 2 Categories Set up Export Payable Categories e The Payable Mapping items can be exported to a Import Payable Template The payable items will also be in the Import Categories Template and payable items can be imported using the Import
77. of Deferred Provision amp Fed Benefit of Equity Adjustments Deferred Balances Report e Depending on the parameter that was chosen the Deferred Balance report will display different views e FEDBENEFITOFSTATE parameter set to STATE There will be a view called State FBOS e FEDBENEFITOFSTATE parameter set to FED There will be a view called Federal FBOS ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Forecasted Rate Reporting Levels Filing Group Sub consolidation Consolidation Control Center Configurable Options Source Data Forecast Data Review Screens Foreign Domestic Unit Breakout Q1 Q2 Variance Q2 Q3 Variance View Overview View Summary View Detail The report in the Interim tab displays an overview of the calculation of the Federal and State Forecasted Rate It uses the information entered for each component istiin the Forecast section The rate calculated in this report will carryover to the Tax Provision Report in the Interim Tab Provision Items Total Tax Provision Forecasted Effective Tax Rate Report Views Defaults to the Foreign Domestic and summary views of the report The Unit Breakout will display the underlying unit by unit column detail The Q1 Q2 Variance view will display a comparison of the total forecasted rate at Quarter 2 with Quarter 1 and The Q2 Q3 Variance view will display a comparison of the total forecasted rate at Quarter 3 with Quar
78. of restating the beginning deferred balances if the beginning and ending deferred tax rates found in that unit s Unit Details screen differ Effect Rate Diffs bw Current and Deferred Provides for activity in the deferred balances that is being rate effected at a current tax rate that differs from the ending deferred tax rate found in that unit s Unit Details screen Def Only Adj Displays overrides to the deferred tax provision made in the Unit Details deferred only adjustment or any Deferred Only Adjustments entered in the Temporary Differences NOL Temporary Differences or After Tax Temporary Differences data review Screens ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Deferred Balances Reporting Levels Filing Group Sub consolidation Consolidation Control Center Configurable Options Source Data Unit Details Temporary Differences After Tax Temporary Differences NOL Temporary Differences Available Views Custom Rollups Summary Hybrid Detail Unit Pre Tax Fed State FBOS Fed State FBOS state fed FBOS All current non current Contracted expanded balance sheet cir expanded balance sheet expanded income statement The deferred balances report displays the beginning and ending cumulative temporary difference balances and when it is expanded it will show the amounts that made up the change The default view is a pre tax view The balances can also
79. of what 1 unit of the reporting currency would equal in the local currency The Beginning and Ending Spot Foreign Exchange Rate is used to convert entries for the unit that have a Balance Sheet provision impact Users can enter 1 if the local and reporting currency are the same Deferred Provision Only Adjustment e The adjustment to the deferred tax provision expense will be presented on the tax provision report as a separate line item and will impact the Effective Tax Rate The deferred expense amount will not have a related deferred tax asset or liability associated with it e Be sure that you use this field appropriately as it may require additional support to justify the expense on the provision Valuation Allowance amp NOL automation policies are manage in the Automation section under Data Reviewl 43 gt Actual zz Federal 7 Unit Details 721 in the Interim 121 tab Based on these automation policies the system will calculate and automatically post items that will directly impact the provision calculations Keep in mind that there are limitations to each of the automation policies being offered If a unit has a different unit as their Filing Unit they will be assigned that filing unit s automation policies To import information on the Automation section complete the appropriate fields on the ZUZ Unit sheet in the Import Number Template Entry Fields Valuation Allowance Rates e The automation will post two amounts in the Tempo
80. on the Import Category Template ai the sheet will not be imported when you choose the Import Categories 4 10ption in Administration Only users with Administrative rights are able import the import categories template After the template is imported if there are errors they will be displayed in the View Reporting Dataset Log 23 When importing the mappings for the Import Reporting Dataset the related Datasets must exist in the system For Sequential 22 datasets the periods must be sequential and the underlying data in the datasets must roll and for Additive 22 datasets the periods must be identical Export Categories The Tax Basis Return Mapping items can be exported to a Import Return Maps Template This will generate a file with two sheets MBAL Balance Sheet Mappings amp MINC Income Statement Mappings Exporting before items have been entered will generate a blank Import ONESOURCE Enterprise User Manual Chapter 2 Categories Set up Return Maps Template It may be valuable to export the categories listed in the system at any given time These exports can work as a backup method to secure data as well as shorten the amount of time it takes to do a mass edit When Exporting categories you will be asked two questions Do you want to export Unit Component 38 amp Do you want to export User Component 3 information Users can choose yes or no to either question but keep in mind that there are typically many lines of data
81. out by Current year and Prior year The Txn Types Totals will display the payable data by Transaction Types broken out by Current year and Prior year broken out by Unit The Txn Types Totals will display the payable data by Transaction Types broken out by Current year and Prior year broken out by Bucket Line By Line Beginning Balances Amounts in the Payable Entry 53 screen for years before the dataset year Transaction Amounts by Rollup Each payable transaction a has an assigned payable rollup 3 and the amounts are filtered and sub totalled by rollup code Ending Balances Sum of Beginning Balances amp Transaction Amounts by Rollup Current Year amp Prior Years Depending on the view of the report either be a Total for current amp prior years or broken out with the Current Year s data on the top and the Prior Year s data on the bottom of the report Column By Column Totals All the entries made in Payable Entry 31 screen for the Unit Sub Consolidation or Consolidation chosen in the Control Center Unit Breakout The Payable Entry s amounts are broken out by Unit and totalled Bucket The Payable Entry 53 amounts are broken out by the Payable Bucket 341 assigned to ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review each entry Foreign Domestic Summary Reporting Levels Filing Group Sub consolidation Consolidation Control Center Configurable Options Source Data All Data Revi
82. prior dataset 151 Activity e Activity will impacths the current and deferred provision as well as the deferred balances ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review e Positive amounts will increase and negative amounts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency Deferred e Deferred will impact 1s amp the deferred provision only as well as the deferred balances e Typically this entry type is used for the impact of valuation allowances or adjustments to prior year balances Balance Sheet Only e Balance will only impact ap the deferred balances e Typically this entry type is used for the impact of equity or other comprehensive income items State After Tax Temp Diffs e State after tax temporary difference information is manage in the State After Tax Temp Diff section under Data Review 43 gt State 551 gt State Details ss1in the Provision 121 amp Estimated Payment 124 tabs e The state after apportionment temporary differences section has three entry columns The Activity Deferred and Balance Sheet Only column amounts will impact the tax provision 188 differently e Enter temporary differences that are applicable for state and not recognized for federal purposes e To import information on the State After Tax Temp Diffs section complete the appropriate f
83. record 4UPD Unit Temp Diffs for a temporary difference etc ONESOURCE Enterprise User Manual Reference Items Where to Enter Items in TaxStream Is the item Pre Tax Gross or Tax Effected Net Item impacts Ending Deferred Balances Item impacts Ending Deferred Balances Yes No Item impacts the Item impacts the Taxes Payable Effective Tax Rate Temporary Diff NOL Activity Column Temporary Diff NOL Deferred Only Column Permanent Diff Equity Adjustment Permanent Diff P amp L Adjustment Temporary Diff NOL Balance Sheet Only Column Item impacts the Taxes Payable After Tax Temporary Diff Activity Column Tax Adjustment Item impacts the Deferred Provision Yes After Tax Temporary Diff Deferred Only Column After Tax Temporary Diff Balance Sheet Only Column ONESOURCE Enterprise User Manual Reference Items Proprietary Materials No use of these Proprietary materials is permitted without the express written consent of or license from 1999 2009 Thomson Reuters ONESOURCE Altering copying distributing or reproducing any of these proprietary materials in any manner is expressly prohibited Software License Agreement The right to use the software product described in this workbook is specifically conditioned upon your execution of and compliance with the Tax License Agreement with 1999
84. reports that will display the provision interim provision and estimated payments data in multiple ways The reports are available at different reporting levels 171 There are user defined reporting configurations known as parameters 17 that can be applied to modify the way the reports look and may add additional report Reports at all reporting levels can be displayed in Reporting Currency All reports can also be viewed in Local Currency at the unit level Overview of Reports e Overview of the basic reports and the available reporting levels 171 Choose the link to view information about a specific report Sub Report Name Function Tab x Filing Group Consolidated Consolidated mm v v v Tex Provson S0 Breakout povr o o o PY v v S STS STN Effective Tax Rate 105 Effective Tax Rate CSC Breakout Prov 168 v E E 2 3 gl E Deferred Balances Prov Intrm Expected Deferred Rate Prov Intrm i NOL Balances Prov Intrm E Temp Diff Summary Prov Intrm Temp Diff Summary Fed Filing Group a Net Deferred Tax Assets Liabilities Prov Intrm 3 Unit Summary Prov Intrm 3 Payable Rollforward Prov Intrm HJ 3 S 3 a Payable Detail Prov Intrm 5 Foreign Domestic Summary Prov Intrm ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Sub Filing Group Consolidated Consolidated Function
85. s name and state treatment can be modified e Only a Intercompany Transaction that has no record 167 In any dataset can be deleted e To import a new Intercompany Transaction complete the appropriate fields on the ICOTKNT Inter Co Txn Types sheet in the Import Category Template Entry Fields Code amp Name e The Intercompany Transaction code 151is user defined and can be any combination of alpha amp numeric characters including spaces The name can be edited after it is created e The perm diff code amp name will be displayed in the reports Receiving amp Paying State Treatment e Choose whether or not this Intercompany Transaction federal values should be includable for state 171 calculations or not Manage Trial Balance Trial Balance Lines 26 and Trial Balance SubLines 271are created and managed in the Administration 12 tab in the Manage Trial Balance section Trial Balance Lines e A Trial Balance Line can be added as needed under Manage Trial Balance 26 in the Administration 121 tab e The Trial Balance Lines are used to roll up the Trial Balance SubLines 27 ONESOURCE Enterprise User Manual Chapter 2 Categories Set up The existing Trial Balance Lines name and classification can be modified e Only a Trial Balance Line that has no record 161 in any dataset can be deleted e To import a new Trial Balance Lines complete the appropriate fields on the CTBL Trial Balance Lines sheet in the Import Category
86. single aggregated line will have the tag of the first line of all the lines of that aggregation when sorted by unitcode differencecode cur noncur Example Sequence e Rollover 2006 dataset into a 2007 dataset Leaving multiple beginning balances for each temp diff Export the 2007 dataset Apply the Scrunch macro generating a new import spreadsheet Create a new blank 2007 dataset in Enterprise Import the scrunched spreadsheet generated by the macro into the blank 2007 dataset View Last Import Log Dataset The stored log will be from the last time the Spreadsheet Import Dataset s was run to import numbers into the dataset The log has the Target DataSet name and it will give the path of the Source Filename that was imported The log will list each sheet and the data that was imported To permanently store the information to a file that can be saved and printed right click on the report and choose Export to Microsoft Excel Bridge Import The Bridge Import function will allows Administrative and Read Write user to upload an extract of General Ledger data The extract will rely on the bridge mapping 2 rules that have been established to populate pertinent information to various sections of the Data Review 42 Bridge Process e The bridge of the general ledger extract file is done in the Bridge Import section under Data Import e gt Spreadsheet Import Dataset sin the 2s amp Estimated Payment 121 tabs e Using th
87. state dataset parameters 55 which control some unit level features Unit State Dataset Parameters are defined in the Navigator under Data Review 43 Actual 711 gt State 73 gt Administration s0 in the Interim 12 tab e An administrator can set characteristics for each dataset that may change how data is treated or represented with Dataset Parameters e The pre established unit dataset parameters 186 can be added modified or deleted When adding or modifying parameters use care as they can potentially change calculations across all the units in the dataset Parameters are pre defined and are case sensitive The Key Type amp Value are specifically designed for each parameter Deleting parameters is not recommended since they may be required for the system to function properly Opt instead for de activating the parameter rather than deleting it To import a new Unit State Dataset Parameter complete the appropriate fields on the USDSP USDS Params sheet in the Import Numbers Template State Details There is one section on the State Details screen Rates Apportionment 201 The Unit Details screen defaults to show the Rates Apportionment section e The State Rates amp Apportionment information is manage in the Rates Apportionment section under Data Review 43 gt Actual 7 State 79 State Details s0 in the Interim 12 tab e If the Beginning and Ending Deferred Tax Rates differ for a unit the system will aut
88. that are used for reporting purposes are Sequential 27 and Additive 22 e The reporting datasets will be listed in the control center below the single datasets and are separated by a dashed line e Administrative users are responsible for creating and maintaining Reporting Datasets 221 For more information on the Reporting Datasets refer to the Multi Datasets View ek section under Functionality Units Units allow data to be entered and organized e Aunit can be a legal entity a cost center a department division etc and should be the lowest level of detail available to achieve all reporting requirements e Units can be combined with other units to create multiple sub consolidations te to achieve ONESOURCE Enterprise User Manual Chapter 1 Overview various representations of the data e The attributes of units can be grouped with other units using the filing groups te e Administrative users are responsible for creating and maintaining Units 241 Sub Consolidations Sub consolidations allow Units to be combined to achieve additional views of the data e Units can be in multiple sub consolidations without impacting the integrity of the consolidated view Some uses of sub consolidations are management reporting US Domestic Tax Return Filing view State groupings Regional reporting EMEA APAC etc e Sub consolidations can be consolidated as well in reports in two formats known as SC me and CSC we report views T
89. the ratable amount applicable to the period Beginning Balance e The beginning balance will rollover from the prior period and should represent the remaining permanent differences for book and tax that should be allocated Activity e The activity will be the appropriate amount of the beginning balance based on the months entered In a dataset that was not rolled over the user must populate this field Deferred e To increase or decrease the balance Amounts entered will not have any impact on the provision Temp Diffs e Temporary difference information is manage in the Temp Diff section under Data Review 43 Unit 421 in the Provision 1218 Estimated Payment 171 tabs e The temporary differences section has three entry columns The Activity Deferred and Balance Sheet Only column amounts will impact the tax provision 18 amp differently e Each temporary difference line will default to being tax effected using the unit rate The beginning and ending unit rate can be overridden on a line by line basis If only the beginning or ending rate is being overridden the user must still populate the field for the other rate or it will default to a zero rate e Valuation Allowances 165 computed on Temporary Differences can be automated e To import information on the Temp Diffs section complete the appropriate fields on the UTD Unit Temp Diffs sheet in the Import Number Template Entry Fields Code amp Description e The code 151 a
90. unit of the reporting currency would equal in the local currency The Beginning and Ending Spot Foreign Exchange Rate is used to convert entries for the unit that have a Balance Sheet provision impact Users can enter 1 if the local and reporting currency are the same Deferred Provision Only Adjustment The adjustment to the deferred tax provision expense will be presented on the tax provision report as a separate line item and will impact the Effective Tax Rate The deferred expense amount will not have a related deferred tax asset or liability associated with it This field can be configured to be Read Only or be removed with the system parameter hs DISABLE DEFERREDPROVONLY Be sure that you use this field appropriately as it may require additional support to justify the expense on the provision Automation e Valuation Allowance NOL and AMT automation policies are manage in the Automation section under Data Review 43 gt Unit 44 Unit Details 44 in the Provision 127 amp Estimated Payment 124 tabs e Based on these automation policies the system will calculate and automatically post items that will directly impact the provision calculations Keep in mind that there are limitations to each of the automation policies being offered e If aunit has a different unit as their Filing Unit they will be assigned that filing unit s automation policies e To import information on the Automation section complete the appropriate fields on the
91. unit will allow that unit to be combined with other units in local currency reporting Units Sub Consolidations e Sub Consolidation can be added as needed under Manage Units 247 in the Administration 121 tab e The existing Sub Consolidation s name as well as the associated units can be modified Sub Consolidation can be deleted but use care since they are not recoverable e To import a new Sub Consolidation complete the appropriate fields on the CSC Sub Consolidations sheet in the Import Category Template Additionally users can create a sheet named CSC2 which allows the ability to create and populate multiple sub consolidations for a Unit Column A should have the Unit Code and then in Columns B through IV should have the CSCs that the unit should be included in Existing unit designation in a CSC will be replaced not appended when the CSC2 is imported This sheet does not export when categories are exported and does not exist in the standard template for import categories Entry Fields Name e This name is a user defined name and can be any combination of alpha amp numeric characters including spaces The name can be edited after it is created e The name will be displayed in the control center and in the header of the reports for the sub consolidation e There is no limit to the number of sub consolidations that can be created e SCl amp CSC 166 Sub Consolidations have specific naming requirements Unit Code ON
92. 0 7 778 7 778 0 0 85 556 7 778 0 0 85 556 total 70 000 ONESOURCE Enterprise User Manual Chapter 4 Functionality Example of Change in the Deferred Rate from 35 to 40 amp FX Rate from 4500 to 5500 Adjusted Beginning Beginning Temp Diff Bal in Local Currency 100 000 100 000 Tax Effected Temp Bal in Local Currency Tax Effected Temp Bal in USD Rate Change Unit Deferred Balances Fed Only USD Test TaxStream Test T1000 Bad Deb Reserve 77 778 7 273 0 0 80 000 total 77 778 7 273 0 0 80 000 Deferred Balance Report in the CIR Expanded B S View e Rate Change column is broken out into FX Rate Change and Def Rate Change e The FX Rate Change is the impact of the FX rate change on the beginning balance including the impact of any FX rate change from a change in the deferred rate e The Deferred Rate Change is the impact of the deferred rate change on the beginning balances e More detail on each of the rate change activities can be displayed by viewing the Deferred Balances report in the Expanded I S view Beginning Balance FX Rate Change Def Rate Change Current Activity Deferred Only Balance Sheet Only Ending Balance 77 778 15051 10 000 7273 0 0 80 000 Explanation of Rate Change on Beginning Balances FX FX on Def Deferred Beginning Balance Local Currency Pre Rate 100 000 100 000 100 000 Beginning Deferred Rate 3596 3596 3596 Ending Deferred Rate 4096 Beginning FX
93. 2009 Thomson Reuters ONESOURCE All contents copyright 1999 2009 Thomson Reuters ONESOURCE Index The Index is generated based on selected keywords in the document Users can also search the document using the Find feature of the PDF reader for any word or phrase The alphabetical keyword index can be found on the following pages of the user manual please scroll down ONE SOURCE Index aA es About TaxStream 12 Actual Federal 7l State 79 Additive Reporting Datasets 22 Administration 15 Dataset Parameters 43 71 Journal Entries 44 71 72 Reset Report Data 148 State 55 80 TS Database Analyzer 148 Unit 44 71 Unit Dataset Parameters 44 71 Unit State Dataset Parameters 55 80 Administration Tab 21 Function Tabs 12 Import Categories 41 Import Reporting Categories 41 Manage Bridge 29 30 31 32 33 Manage DataSets 21 22 23 Manage Payable 34 35 Manage States 28 Manage Tax Basis Return 27 28 Manage Tax Return Tax Basis 27 Manage Trial Balance Lines 26 27 Manage Unit 24 25 26 Mange States 28 29 System 35 36 37 38 39 40 Administrator Dataset Options 148 After Tax Temporary Differences 26 Activity 50 63 75 Balance Sheet Only 50 63 75 Cumulative Temporary Difference 50 63 75 Current and Non Current 50 63 75 Deferred 50 63 75 Equity 50 63 75 Other Comprehensive Income 50 63 75 Aggregate Deferred Balance Detail 89 Aggregated Attribute Basis 165 Alternative Minimum Tax Local C
94. A when expanded i s is chosen The user defined columns that are displayed in the expanded views are defined in the manage NOL rollforwards 381 section under the Administration tab Any single column can be expanded to see the underlying unit by unit data by choosing brkout The expanded results will either display on the screen or export to an Excel file depending on the version and parameter settings ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Line By Line e NOL Data Review Unit NOL Temp Diffs s52 in the Provision tab and Data Review Actual Federal NOL Temp Diffs 771in the Interim tab Column By Column e Beginning Balance Beginning balances are typically populated by rolling over from prior period Amounts are populated in the beginning balance field in Data Review Federal NOL Temp Diffs 5 in the Provision tab and Data Review Actual Federal NOL Temp Die 7A in the Interim tab Rate Change When balances are rate effected the system automatically adjusts the beginning balances to accommodate for any change in deferred rate and any change to foreign exchange rate The difference needed to adjust the beginning balance that was rated using the beginning deferred rate and the ending deferred rate will cause an impact to the deferred tax expense The currency translation adjustment needed to adjust the beginning balances for a change in the foreign exchange rate will not have an impact
95. Administrator for the temporary difference 25 C NC e There are two Types of temporary differences balances Current and Non Current 17 Choose the Type that best relates to the balance sheet account where the deferred tax ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review asset or liability should be represented Src e The Src tagli letter is used to identify each line entered to the originating source Beginning Balance e The cumulative temporary difference balance will rollforward from the prior dataset 151 Activity e Activity will Impact wb the current and deferred provision as well as the deferred balances e Positive amounts will increase and negative amounts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency Deferred e Deferred will impact 1s amp the deferred provision only as well as the deferred balances e Typically this entry type is used for the impact of valuation allowances or adjustments to prior year balances Balance Sheet Only e Balance will only impact ap the deferred balances e Typically this entry type is used for the impact of equity or other comprehensive income items State After App Temp Diffs State after apportionment temporary difference information is manage in the State After App Temp Diff section under Data Review 43 gt State 55 gt
96. Amounts on Trial Balance for the taxes payable Miscellaneous e Miscellaneous options can be entered in the Miscellaneous section under Data Review 43 gt Unit 4 gt Unit Details 4 in the Provision Z tab e Custom options are displayed on this screen The instance may have fields for Liability Balances and Unit Dataset Extensions ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Estimated Payments e Estimated payment items are entered in the Estimated Payments section under Data Review 43 gt Unit 43 gt Unit Details 4 in the Estimated Payment 12 tab e Items entered on this screen will add to the provision when calculating the estimated payments e To import information on the estimated payments section complete the appropriate fields on the U Unit sheet in the Import Number Template Entry Fields Other Income Tax additive to Cash Provision e Choose to add an additional amount to the provision liability in the estimated payment calculation Calculated Income Tax Pymt Override e Choose to override the calculated estimated payments Franchise Payments e Additional amount of Franchise Tax that should be included with the provision liability in the estimated payment calculation Include for Estimated Payment calc e Choose to include or exclude the unit estimated payment calculation Perm Diffs e Permanent difference information is manage in the Perm Diffs section under Data Rev
97. Approach In the single dataset approach the Return to Provision true up adjustments for the Prior Periods are entered in the Current Period s Dataset There are pros and cons to this approach Pros e Minimal amount of information is needed in Onesource Taxstream Provision e All information is in the same dataset Cons e Adjustments to Temporary difference will display in the effective tax rate report twice netting to zero The true up to the current tax expense requires that the tax adjustment be manually calculated in order to ensure that the correct current tax rate is used The state deferred expense will be trued up but state tax adjustment will not If there is a change in the deferred rates for prior years the true up will include the impact of the true up and the change in rate Each true up item needs to be entered in dataset Permanent Differences amp Tax Adjustments e The true up for these items should impact the current tax expense and the taxes payable e This can be achieved by entering the true up as a tax adjustment code starting with NC so that the results will be represented after the cash provision total Temporary amp After Tax Temporary Differences e The true up for these items should impact the deferred amp current tax expense the deferred tax asset liability and the taxes payable The current tax expense and taxes payable true up can be achieved by entering the true up as a tax adjustment code sta
98. B S plus Bal Sheet Only Adjustment minus Ending Deferred Tax Per B S plus CTA and Deferred Provision Only lines Equity Adjustment Data Review Federal Perm Diffs 477 Reversal of the impact to the current provision for Equity Adjustment Permanent Differences Total Federal Provision Sum of the Total Current Provision Deferred Tax Provision amp Equity Adjustment lines Total State Provision Total State Tax Provision from State Summary ak Provision Summary 126 Total Tax Provision Sum of the Total Federal Provision amp Total State Provision Effective Tax Rate Total Tax Provision divided by Pre Tax Book Income Tax Provision Interim Provision The report in the Provision tab displays an overview of the FAS 109 provision calculation 101 using FIN 18 methodology The supporting detail for some calculations can be seen in this report while the underlying support for other items are detailed on separate reports There are parameters e that may change the view of this report Provision Items Current Federal Tax Expense Deferred Federal Tax Expense State Tax Expense Equity Offset to Current Expense ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Total Tax Provision Effective Tax Rate Report Views Defaults to a summarized view of the report details The view detail view option will display the available underlying detail The unit breakout view option on sub consolidated or conso
99. Cash Provision Tax Provision Estimated Payments 10h report Cash Provision line e Other Income Tax Data Review Federal Unit Details gt Estimated Payments 47 e Adjusted Income Tax Sum of Cash Provision amp Other Income Tax e Percentage Cushion Data Review DataSet Administration Dataset Parameters 41 cushion parameter oi can be set by an Administrative 371 user e Cushioned Income Tax Adjusted Income Tax times Percentage Cushion e Minimum Annual Tax Data Review DataSet Jurisdiction Mgmt Ai e Projected Liability Greater of Cushioned or Minimum Higher of Cushioned Income Tax amp Minimum Annual Tax lines e Q1 Q2 Q3 Q4 Requirement and Extension Payment Data Review DataSet Jurisdiction Mgmt 43 rates applied to Projected Liability line e Total Required Liability YTD Sum of Q1 Q2 Q3 Q4 Requirement and Extension Payment lines e PY Overpayment Q1 Q2 Q3 Q4 Payments populate with entries ADJ ADJ F 1ES 1ES F ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review 2ES 2ES F 3ES 3ES F 4ES amp 4ES F payable transaction codes in the Payable from a Provision Dataset when the dataset is designated with the dataset parameter PULL PAY FROM DATASET and the data is refreshed by triggering Reset Report Data 148 Total Payments YTD Sum of PY Overpayment Q1 Q2 Q3 Q4 Payment lines Rounded Payment Due Total Required Liability based on the dataset Date Range minus Total P
100. Codes Buckets etc e Unit Attributes State Jurisdiction Attachments Rollup Codes etc e System Items User Rights Audit Trail Transactions etc Version The software version will vary based on when the last upgrade was done to either your database or your user client Each new version will contain functionality enhancements and bug fixes To check the current version that is running go to the menu bar in the upper left hand corner and click on the About gt About TaxStream The following will display ONESOURSE TAXSTREAM PROVISION V RAW eu ONESOURCE TaxStream Provision vS 0 9000 Cent bukt XKXX DB bukt XXXX oracle V5 0 0000 c 2009 Thomson Reuters ONESOURCE Al Rights Reserved 3 THOMSON reuters The information will display for a few seconds The critical information about your version is in the ONE SOURCETM Enterprise User Manual Chapter 1 Overview bottom line To create a document with the information click Print Screen while it is displayed and paste it into Word or Excel The support group and your client manager may ask you for the version to best assist you Support General Customer Support e Phone 201 610 1211 extension 2 e Email support taxstream net Software Upgrades e Please email the current version 195 e Email upgrades taxstream net Support Site e http www taxstream net taxstream support e u taxstream p Tabhalrca1n ONESOURCE Enterprise User Manual Chap
101. DJ amp ADJ F tol display on the Federal Est Pymt and State Est Pymt reports after Reset Report Data Alternative Provision Calculation uses the designated Sub Line Code Revenue amount in the calculation Trial Balance Alternative Provision Calculation uses the designated Ee Om Sub Line Code Alternate Base amount in the calculation Alphanumeric USE OLD AMTESTIMATOR Alphanumeric 00r 1 D will use the new Alternative Minimum Tax AMT calculation method to be applied to the dataset ONE SOURCETM Enterprise User Manual Reference Items overriding the dataset parameter 1 will allow the original AMT methodology USETBPTBI Alphanumeric 0 Deactivates the PTBI bridge posting USETBPTBI Alphanumeric 1 Activates the PTBI bridge posting for all income statement accounts USETBPTBI Alphanumeric 2 Activates the PTBI bridge posting for all accounts with codes beginning with PTBI_ VA_CALCTYPE Alphanumeric Oor2 2 will activate the aggregated valuation allowance automation 0 enables the separate valuation allowance Unit Dataset Parameters There are Unit Dataset Parameters that relate to the Current Provision Freeze functionality Please refer to the Parameter User Guide for more information on the how parameters will modify an instance of Onesource Taxstream Provision Always use care when working with parameters PAYABLE_CPROV_BUCKET Alphanumeric Payable Define which payable bucket the Current Cash Provision Bucket Code will post to
102. Deferred Balance and the Effective Tax Rate reports e The Deferred Rollup maps the Temporary NOL Temporary After Tax Temporary State After Tax Temporary and State After Apportionment differences e The Effective Rollup maps all the items in the Deferred Rollups plus the Permanent Difference Tax Adjustments and Deferred Provision Only Adjustments e The Trial Balance Rollup maps all the trial balance sub lines e There can be multiple user defined rollup mappings and they will display in the upper right corner of the Deferred Balance to or the Effective Tax Rate oA or the Trial Balance WAHI or the Tax Basis Balance Sheet vc report The rollups can be displayed on a Summary or Hybrid basis e Administrative users are responsible for creating and maintaining the Rollup 401 mappings Payable Activity can be mapped to rolled up to user defined grouping lines on the Payable Rollforward and Payable Detail reports e The Payable Rollup maps the Payable Transaction Types e Administrative users are responsible for creating and maintaining the Payable Rollup Ai mappings Components A component is a general term for list of items in Onesource Taxstream Provision Typically components are drop down menus in the software where a single choice from a list of possible choices is necessary Some component examples are e Book to Tax Adjustments Permanent Difference Temporary Difference Tax Adjustments etc e Payable Items Transaction
103. Differences amp Temporary Differences Apportionment Rate Data Review Forecast State State Details 557 Apportioned Income Pre NOL Allocable Income times Apportionment Rate NOLs Data Review Forecast State State After App Temp Diffs 581 Apportionable Income Sum of Apportioned Income Pre NOL and NOLs State Tax Rate Data Review Forecast State State Details 551 Only displays at the Unit reporting level Tax Before Credits Apportionable Income times State Tax Rate ipia State Temp Differences Data Review Forecast Federal State After Tax Temp Diffs 59 Cash State Tax Adjustments Data Review Forecast State State Tax Adls ei Only cash items where the codes do NOT start with NC Non Cash State Tax Adjustments Data Review Forecast State State Tax Adis ei Only non cash items where the codes start with NC Current State Provision Tax Before Credits After Tax State Temp Differences Cash State Tax Adjustments amp Non Cash State Tax Adjustments Deferred State Tax Provision Begin Deferred Tax Per B S plus Bal Sheet Only Adjustment minus Ending Deferred Tax Per B S plus CTA and Deferred Provision Only lines State Equity Adjustment Data Review Forecast Perm Diffs 471 Reversal of the impact to the current provision for Equity Adjustment Permanent Differences Total State Tax Provision Sum of the Total Current State Provision Deferred State Tax Provision amp State Equity Adjus
104. ESOURCE Enterprise User Manual Chapter 2 Categories Set up e Each unit must be assigned to the Sub Consolidation either by clicking the check box by the unit s code or by creating a new line on the import template Permanent Differences e A Permanent Difference can be added as needed under Manage Units a in the Administration 121 tab e The existing Permanent Difference s name can be modified e Only a Permanent Difference that has no entry in any dataset can be deleted e To import a new Permanent Difference complete the appropriate fields on the CPD Permanent Differences sheet in the Import Category Template Entry Fields Code amp Name e The perm diff code 15 is user defined and can be any combination of alpha amp numeric characters including spaces The name can be edited after it is created e The perm diff code amp name will be displayed in the reports Deductible for State e Choose whether or not this permanent difference federal values should be includable for state 171 calculations or not e Once data is entered for this code this designation can not be modified Temporary Differences e A Temporary Difference can be added as needed under Manage Units 21 in the Administration 124 tab The existing Temporary Difference s name can be modified Only a Temporary Difference that has no entry in any dataset can be deleted To import a new Temporary Difference complete the appropriate fields on the CTD Tempo
105. FILTER _SQL parameter Filters the deferred balances based on a SQL query to show a subset of deferred balances 0 will designate a calendar year for the payable auto posting For fiscal years enter the fiscal month minus 12 e g 1 November 2 October etc 1 configures the Excel output to treat Leading Zeros or Scientific Notation as text not a number Tag Letter to isolate GAAP to STAT entries on the Tax Provision report with the SHOW_GAAPTOSTAT amp gstags parameters 1 allows the ability to load journal entry style sheet Choose either US EUROPE or CANADA to determine presentation of certain terminology in the user interface and in reports Tag Letter to isolate GAAP to STAT entries on the Tax Provision report with the SHOW_GAAPTOSTAT amp GAAPTOSTAT parameters 1 displays the Output Journal Entry Reports 1 reposts the auto posting of Journal Entry to the Output JE Reports Enter the header text for the Output Journal Entry Reports Y allows only dates within the dataset to be used when making entries in the payable and N lifts the restriction and allows any date to be entered Number of minutes a user should be locked out of the system once they have exceeded the login attempts Number of login attempts a user can try before they are locked out of the system ONESOURCE PassHistNum PRINTFORMAT_PAGESWIDE PROVISION_HIDE_STATES PROVSCBRKOUT REPORT_FOOTER REPORT_HEADER ReportingCurrencySymbol SEPARATESTATE
106. Federal Temp Diffs 4818 Amortized Temp Diffs 50 gt where includable status 71is yes Only amounts entered as Activity Deferred Only or Balance Sheet Only entries do not impact the current tax provision calculation Temporary Difference Adjustments Data Review State State Temp Ditts si Only amounts entered as Activity Deferred Only or Balance Sheet Only entries do not impact the current tax provision calculation Allocable Income Sum of Pre Tax Book Income Perm Diffs includable for State Modifications Temp Diffs includable for State amp Temporary Difference Adjustments lines State Apportionment 96 Data Review State State Details se Only displayed at the Unit level To see this line in the consolidated or sub consolidated level choose unit breakout Apportioned Income Pre NOL Allocable Income line times State Apportionment line ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review NOLs Data Review State State After App Temp Diffs se e Apportioned Income Sum of Apportioned Income Pre NOL amp NOLs lines State Tax Rate Data Review State State Details 557 Only displayed at the Unit level To see this line in the consolidated or sub consolidated level choose unit breakout Tax Before Credits Apportioned Income line times the current State Tax Rate line After Tax State Temp Differences Data Review State State After Tax Temp Diffs 5 amp 1 Only amounts entered as Activ
107. MPD Permanent Difference sheet in the Import Bridge Template Entry Fields LE CC amp UC e The LE must be a valid Unit 241 code 151 e The CC amp UC are optional user defined codes e Entering an asterisk in the field will apply account rule across all units Ledger Account Code e The Ledger Account should be an account code in the exported trial balance data file Perm Diff amp Type e The Perm Diff bridge mapping choices are the established permanent difference 257 codes 15 ONESOURCE Enterprise User Manual Chapter 2 Categories Set up e The Perm Diff Type bridge mapping choices are either E Equity Adjustment or P P amp L Adjustment e This mapping will post to the Perm Diff screen Begin amp End Fctr e Beginning balance factor is typically zero since it will be ignored when computing Permanent Differences e Ending balance factor is typically 1 or 1 depending on the signs of the exported trial balance data file Adjust the factor the bridge should post an amount less than 100 of the account balance Temp Diff Activity e The bridge mappings of trial balance accounts to various areas of Onesource Taxstream Provision are added as needed under Manage Bridge 297 in the Administration 12 tab e Bridge mappings can be modified and deleted e To import Mappings complete the appropriate fields on the MTD Temporary Difference sheet in the Import Bridge Template Entry Fields LE CC amp UC e
108. Payable 149 Wghtd Avg FX 44 72 Windfall 163 Work Area 11 eC C Cc ec Cee
109. ROVISION ONESOURCE Enterprise User Manual Contents State enge effet nh pr rni Hin decas Een nr RTT cer Etre P Eu 68 State After App Temp Df ri itta tae tte teneret ec eo Eelere 68 StateAfter Tax nt NEIE 69 State TaxAdis AA ee ee 70 DUCERE 71 DataSet 71 TE re E 7 REI H Ia EU M 71 Administration E 71 Unit Dataset Ela H Del EUR E 72 Unit Details 72 PTBI 72 Automation 73 TAXES Pen EE 74 MIS 74 Pai ai ec addag a EENAA EE e ha ae rS EErEE aeaa E EOAR earo ddar EREA 74 lee E 75 AA ai M 75 NEIEN 76 lei Brent EH 1 EE 77 Payable Enty HAHA 77 EA AA OL P E Eben qe eI SE D E Ran is Dur este eg eee GEL A D co elg 78 Wit al Baldmnce Tax EEN 79 IEN 79 Administration m 80 Unit State Dataset Parameter encre urn rie eene ei einai en ae inmate s d e Rss 80 e ECH D CH EEN 80 IRates Apportionmerib Aa MA 80 State e Et CN 81 Si ui AA AA N S paee EEE EN eea S 82 State After App Temp SA erre eii Aaa encarta 82 State After Tax Temp Dia AA 83 State Tax AdjS G Eed EEN 84 State Payable Enge stusecerecce e enges Eer EE 84 C rent Quarter lt Q ai iwa saeia pess aaa 85 Advance to Q 85 Roll Back to Q 85 Data del EE 85 Spreadsheet Import Dataset wwwmmmmmamwwmanimniwmma mim nimimanianiia 86 EK ine FORMAL e T EETA m 86 Import
110. Rolling Pisae ren ren rm be n ran dea Pede drag re RE Rr veo zb Lei 86 Rolling Pin Format iss 87 SUNCA IV ACH EET 89 View Last Import Log Dataset mmea 89 Bridge Import nima mimemwa mimina 89 lee GEET 89 Bridge Extract EE 90 View Last Import Log Bridge s s essssssssissisisisrssisisisrsrarorsrersrnsrsnsnerersrersns 92 Bridge Archives 93 Keier 93 COuervie OF Ri AI aaia ki intos ao rrinin 93 2009 ONESOURCE TAXSTREAM PROVISION ONESOURCE Enterprise User Manual Contents Self Reconcilation Of Reporte ccc ccccccessccssscessecesssescssesesseecsseesseecesseecsseeessesessesestsesenes 94 Parameters for RepOrtS ccccccccccccccssccecesccesssccssecsssesseecssseessesessesessecessecesseesseecssssesseeeesees 94 HERE ee 95 Federal Benefit of State 95 Tax Provision Report E 95 Effective TaxRate Report ein essa Eeer 95 Deferred Balances Report Keen Ee ee EE EE ee EE A EEOSE E 95 Forecasted EE EE 96 TAX PHOVISION nini niwi mimina ania 98 Tax Provision Brovlslon anasa Ere Esnea e Eein ea 98 Tax Provision Interim Brovielon nennen nennen nnne nnn enne 99 Tax Provision Estimated Payments sss eren nennen enne nnn 101 Federal Est Pymt wwwwmwwmemawimamwwwwakuminm mwumini 102 leede ere 102 SUMMA isses etes exe eva eed m EE MEE 103 EE 104 Effective Tax Rate Drowielon trennen eene nennen nennen 104 Effective Tax Rate Interim 105 Deferred Balances cccccccccccccssccccssceccsseceessseeecsseeeccsseeccsssee
111. SOURCE Enterprise User Manual Chapter 3 Data Entry amp Review CTA Deferred Balances 107 report Total CTA column with fed or fed fbos amp expanded i s view options e Deferred Provision Only Data Review Actual Federal Unit Details PTBI Ai e Deferred Tax Provision Begin Deferred Tax Per B S plus Bal Sheet Only Adjustment minus Ending Deferred Tax Per B S plus CTA and Deferred Provision Only lines Equity Adjustment Data Review Actual Federal Perm Diffs 471 Reversal of the impact to the current provision for Equity Adjustment Permanent Differences Total Federal Provision Sum of the Total Current Provision Deferred Tax Provision amp Equity Adjustment lines Total State Provision Total State Tax Provision from State Summary 124 Provision Summary 126 Total Tax Provision Sum of the Total Federal Provision amp Total State Provision Effective Tax Rate Total Tax Provision divided by Pre Tax Book Income Tax Provision Estimated Payments The report in the Estimated Payments tab displays an overview of the current tax calculation The supporting detail for some calculations can be seen in this report while the underlying support for other items are detailed on separate reports There are parameters 941 that may change the view of this report Provision Items Current Federal Tax Expense Report Views Defaults to a summarized view of the report details The view detail view option will displa
112. Template Entry Fields Code amp Name e The Trial Balance Lines code 1is user defined and can be any combination of alpha 8 numeric characters including spaces The Trial Balance Lines name can be edited after it is created e The Trial Balance Lines code amp name will be displayed in the reports Classification e Each Trial Balance Line must be designated as Income Stmt Bal Sheet Asset Bal Sheet Liability or Bal Sheet Equity Trial Balance SubLines A Trial Balance SubLine can be added as needed under Manage Trial Balance 21in the Administration 124 tab The Trial Balance SubLines roll up to the Trial Balance Lines zi The existing Trial Balance SubLines name and rollup can be modified Only a Trial Balance SubLine that has no record 181in any dataset can be deleted To import a new Trial Balance Lines complete the appropriate fields on the ZCTBSL Trial Balance SubLines sheet in the Import Category Template Entry Fields Code amp Name e The Trial Balance SubLine code 151 is user defined and can be any combination of alpha amp numeric characters including spaces The Trial Balance SubLine name can be edited after it is created e The Trial Balance SubLine code amp name will be displayed in the reports Rollup e Each Trial Balance SubLine must be designated as being rolled up to a Trial Balance Line Manage Tax Basis Return Tax Basis Balance Sheet and Tax Return Mappings 271 are create
113. The LE must be a valid Unit 241 code 151 e The CC amp UC are optional user defined codes e Entering an asterisk in the field will apply account rule across all units Ledger Account Code e The Ledger Account should be an account code in the exported trial balance data file Temp Diff amp Type e The Temp Diff bridge mapping choices are the established temporary difference 251 codes 15 e The Temp Diff Type bridge mapping choices are either C Current or NC Non Current e This mapping will post to the Activity column on the Temp Diff screen Begin amp End Fctr e Beginning balance factor is typically 1 or 1 depending on the signs of the exported trial balance data file e Ending balance factor is typically 1 or 1 depending on the signs of the exported trial balance data file e The bridge will post an amount that is the net of the beginning and ending account balances Temp Diff BSO Adj e The bridge mappings of trial balance accounts to various areas of Onesource Taxstream Provision are added as needed under Manage Bridge 29 in the Administration 12 tab e Bridge mappings can be modified and deleted e To import Mappings complete the appropriate fields on the ZMTDBOSZ Temporary Difference Balance Sheet Only sheet in the Import Bridge Template Entry Fields LE CC amp UC e The LE must be a valid Unit 241 code 151 e The CC 8 UC are optional user defined codes e Entering an asterisk in the field will a
114. Unit Details 72 in the Interim 12 tab e The accounts can be used for the journal entry l15 reports by comparing the balances and the provision calculations to arrive at the appropriate journal entries required to be posted for the period e To import taxes per book information complete the appropriate fields on the U Unit sheet in the Import Number Template Entry Fields Federal amp State Current Provision e Amounts on Trial Balance for the current provision tax expense Federal amp State Deferred Provision e Amounts on Trial Balance for the deferred provision tax expense Federal amp State Deferred Balances e Amounts on Trial Balance for the deferred tax assets amp liabilities Federal amp State Liability Balances e Amounts on Trial Balance for the taxes payable e Miscellaneous options can be entered in the Miscellaneous section under Data Review 43 gt Actual zz Federal 7 gt Unit Details 721in the Interim 12 tab e Custom options are displayed on this screen The instance may have fields for Liability Balances and Unit Dataset Extensions Perm Diffs e Permanent difference information is manage in the Perm Diffs section under Data Review 42 gt Actual zi Federal 7 gt Unit Details 721 in the Interim 12 tab e There are two types of permanent differences Equity Adjustments and P amp L Adjustments The user can choose the appropriate type to achieve the desired provision effect e To import in
115. accessible due to security restrictions an error will be displayed To print multiple reports In the Menu Bar choose File and Batch Print The Batch Print dialog box will display In this box you can choose all the option about the reports that will be generated in the batch print file In any of the sections the user can choose more than one option by holding the Ctrl key while making selections Choose the Sub consolidation and or units the Dataset that the reports should be based on the currency of the reports and the reports in the appropriate view Click Print to send the reports to the default printer for the user s machine To change the printer or to configure the report choose the Page Setup option To export the report currently displayed in the work area to an Excel worksheet In either File from the Menu Bar or Right Mouse Click on the Report and choose to Export to Excel Enter the target location for the file to be saved and click Save To open a report that has been exported to Excel click yes when prompted and locate the target point of the file that was created and double click the file About To manage the license password and settings or view information about the version In the Menu Bar choose About and Import a License to update the license file or Change Password to manage the password or About TaxStream to view information about the version of Onesource Taxstream Provision that is installed
116. ach line entered to the originating source Amount e Negative amounts will increase and positive amounts will reduce the taxable payable account The amounts should be entered in local currency Date e The choices in the drop down will be limited to dates within the dataset year Dates for other years can be imported or a system parameter 1 91can be activated to remove the single year restriction FX e The weighted average rate on the date of the entry can be entered Description e Each entry line should be identified with a description InterCo Txn Entry e Intercompany transactions information is manage in the InterCo Txn Entry section under Data Review 43 gt Unit 4 in the Provision 127 amp Estimated Payment 12 gt tabs e Transactions between units can be set up to account for the movement of tax amounts and the impact of the associated withholding tax treatment on the transactions e The entries can be entered on either the paying or receiving unit and will be posted as a permanent difference on the units To import information on the InterCo Txn Entry section complete the appropriate fields on the ICOTXNS Inter Co Txns sheet in the Import Number Template Entry Fields Paying Receiving Unit e There can be intercompany transactions between any two units 24 Txn Type ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review e The choices displayed are established by an Administrator for
117. all units in the system regardless if they have rights to access the units N will no longer display Consolidation option for the bridge Y By default if there is no parameter which will allow all users to bridge data into Sub Consolidations that the user has rights to access N will no longer display the Sub Consolidation dropdown for the bridge Y By default if there is no parameter which will allow all users to bridge data into Units that the user has rights to access N will no longer display the Unit dropdown for the bridge Creates a default Tag Letter to be used when data is brought in via the bridge 1 will remove the pre defined states from the Control Center drop down Choose the column in Deferred Balance Report to display a sub total balance for the Adjusted Beginning Balance or any other purpose Column Heading for the column created with DEF_RF_SUMMATION_COLUMN parameter 1 will display the Deferred Provision Only entry field but no entry will be permitted 2 will remove the Deferred Provision Only entry field 1 removes the check when joining datasets in a sequential dataset 1 enables on screen breakout and the Unit Tax Rate view 1 enables the APIC Pool functionality and Reports 1 enables assignments made for a user in the Admin tab under System Administer Users to restrict Import of data and Batch Print reports to only assigned datasets units and subconsolidations Names the filtered Deferred Balance Report created with the
118. amp Effective Tax Rate reports at the sub consolidated level can be viewed showing the Sub Consolidation instead of the Unit detail e There can be multiple CSC groupings For example one CSC could be defined to view units by Region and another to view units by Management Lines etc Set up CSC To use activate the functionality an Administrative user will need to add the following system parameter wei In Manage Restricted Features PROVSCBRKOUT SHOW EFFRATECSCBRKOUT amp SHOW EFFRATECONSOLPTBIPCT all with the value 1 In Manage Unit Unit Sub Consolidations 24 create a parent sub consolidation beginning with CSC _X_ You can have multiple CSC breakouts by multiple parent Sub Consolidations e g CSC1 X Regions amp CSC2 X Management In each of the parent sub consolidations you must include all the units that will be chosen for the child Sub Consolidation In Manage Unit Unit Sub Consolidations 247 create as many child sub consolidations as you would like beginning with CSC e g CSC1 North America 8 CSC1_EMEA or CSC2 Corporate CSC2 Manufacturing etc All of the units defined for the Parent CSC should be included once in one of the Child sub consolidations to ensure the report results are meaningful To import complete the appropriate fields on the CSC Sub Consolidations sheet in the ONESOURCE Enterprise User Manual Chapter 4 Functionality Import Category Template Additionally users can create a sheet na
119. are created and managed in the Administration 121tab in the Manage Bridge section The Bridge Functionality 897 requires these mappings to be established to transfer data from the general ledger format to the provision Pre Tax Book Income e The bridge mappings of trial balance accounts to various areas of Onesource Taxstream Provision are added as needed under Manage Bridge 297 in the Administration 12 tab e Bridge mappings can be modified and deleted e To import Mappings complete the appropriate fields on the ZMPTBIZ Pre Tax Book Income sheet in the Import Bridge Template Entry Fields LE CC amp UC e The LE must be a valid Unit 241 code 151 e The CC 8 UC are optional user defined codes e Entering an asterisk in the field will apply account rule across all units Ledger Account Code e The Ledger Account should be an account code in the exported trial balance data file ONESOURCE Enterprise User Manual Chapter 2 Categories Set up PTBI e The PTBI bridge mapping choices are LOC Local Currency PTBI or USD US Dollar PTBI e This mapping will post to the Unit Details screen Begin amp End Fctr e Beginning balance factor is typically zero since it will be ignored when computing PTBI e Ending balance factor is typically 1 or 1 depending on the signs of the exported trial balance data file Tax Accounts e The bridge mappings of trial balance accounts to various areas of Onesource Taxstream Provision
120. areas of data that were bridged and the EndTime To understand the amounts that were imported see the Bridge Archives ad To permanently store the information to a file that can be saved and printed right click on the report and choose Export to Microsoft Excel ecOcococoococ Beginning Balance 100390 890 0 000 Ending Balance 457756457 23 17693619 72 648660 30 81656265 99 220777 70 91646792 69 2138384110 122540901 25 2087 400 16079571 74 4797331 70 0 00 182512 210 1098036 08 0 000 308410 20 11436401 0 1170955 98 24214662 0 0 00 71448480 0 0 00 0 000 0 00 1649102 0 0 00 0 000 0 00 3061806 70 0 00 ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Bridge Archives In the Bridge Archives the user can view the data that was bridged into the system The user can choose an archive slot which is created by the tag letter that designated when the Bridge Import e occurred After choosing the appropriate slot the user can then choose the data area that they wish to review The choices are PTBI local PTBI USD Tax Accounts Loaded raw balances Perms Temps Temps BSO Not Mapped Perms Amortized Temps Amortized and Tax Basis The displayed data will show the account balances and where configured the bridge mapping rules 29 that were applied to the account The data can be exported to file with the Export Current Report Reports There are basic
121. ary Differences 251 NOL Temporary Differences 251 After Tax Temp Differences 261 Tax Adjustments 2 and Intercompany Transactions 26 are created and managed in the Administration 12 tab in the Manage Units section Units e A unit can be added as needed under Manage Units zziin the Administration 121 tab e The existing unit s code name country code and currency code can be modified e Only a unit that has no record amp 1in any dataset can be deleted e To import a new unit complete the appropriate fields on the CU Unit sheet in the Import Category Template Entry Fields Code amp Name e The unit code 151is user defined and can be any combination of alpha amp numeric characters including spaces The unit code amp name can be edited after it is created e The Unit code amp name will be displayed in the control center and in the header of the reports Unit Type e Each unit must be designated as either Foreign or Domestic and once chosen this designation can not be changed e The unit s type will determine how the data is reported in the Foreign Domestic report Country Name amp Currency Type e Each unit must be assigned a country and currency e The software is populated with ISO Country Codes 174i amp ISO Currency Codes 177 and those codes can be modified or added s amp 1to The default country code is U for Undetermined and the default currency code is UND for Undefined e The currency designation of a
122. ary differences that were identified as C current that after tax rate have an asset balance when summed with all activity for units with the same country designation Current Liabilities Temporary differences that were identified as C current that after tax rate have a liability balance when summed with all activity for units with the same country designation Non Current Assets Temporary differences that were identified as NC current that after tax rate have an asset balance when summed with all activity for units with the same country designation Non Current Liabilities Temporary differences that were identified as C current that after tax rate have a liability balance when summed with all activity for units with the same country designation ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Unit Summary Reporting Levels TU Filing Group Sub consolidation Consolidation Control Center Configurable Options Source Data All Data Review Screens Available Views The report in the Provision tab displays an overview of the of key data for the units in the selected dataset filing group or sub consolidation selected in the Control Center The supporting detail for the calculations can be seen in detailed on separate reports Provision Items e Total Tax Provision e Effective Tax Rate Report Views e Defaults to a unit by unit view of the report Line By Line e There will be
123. as assumptions will be made about rates certain entries and balances that may not be what is expected and may differ from a reporting dataset with the same datasets Be sure to review the resulting dataset thoroughly since there are significant limitation to the Combine functionality e In an existing dataset the name group rate case and read only status can be modified e When deleting a dataset be careful since it can not be undone Consider exporting the dataset data before deleting the dataset in case it needs to be restored e To import a new dataset complete the appropriate fields on the CD Dataset sheet in the Import Category Template Entry Fields Name e The name of the dataset is user defined and can be any combination of alpha amp numeric characters including spaces up to 60 characters The dataset name can be edited after it was created e The dataset name will be displayed in the control center and in the header of the reports Read Only R O e When the data entry process has been completed the data can be secured by marking the datasets as Read Only e The data and reports in Read Only datasets can be reviewed but the entry screens will have the warning No Edit Allowed and the entry screens will have a gray font Fiscal Year Data Range e Fiscal Year and Date Range 17 must be assigned to a dataset when it is created e This allows users to understand whether the data in a datasets represents a month multipl
124. asis If only the beginning or ending rate is being overridden the user must still populate the field for the other rate or it will default to a zero rate The NOL temporary difference can be automated to take the generated or utilized 457 net operating loss impact To import information on the NOL Temp Diffs section complete the appropriate fields on the ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review UNOLTD Unit NOL Temp Diffs sheet in the Import Number Template Entry Fields Code amp Description e The code 151 amp description are established by an Administrator for the NOL temporary difference 257 e Automated NOL amounts will be posted to a code that begins with NOL_SYS C NC e There are two Types of NOL temporary differences balances Current and Non Current 171 Choose the Type that best relates to the balance sheet account where the deferred tax asset or liability should be represented Src e The Src tagl 16 letter is used to identify each line entered to the originating source Generated e Tracks the year the Net Operating Loss was generated Expires e Tracks the year the Net Operating Loss is expected to expire Beginning Balance e The cumulative temporary difference balance will rollforward from the prior dataset 151 Activity e Activity will impact 1s amp the current and deferred provision as well as the deferred balances e Positive amounts will increase and negat
125. at may impact the overall taxable rate for each item The breakout all view on Sub Consolidated and Consolidated reports will display the underlying unit s data that made up the total result A single column can also be expanded by choosing brkout To collapse the data choose non breakout The expanded results will ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review either display on the screen or export to an Excel file depending on the version and parameter settings The Use Unit Tax Rate view on Unit level reports will display the effective tax rate report either reconciling to the Group Rate chosen for the dataset or the Unit s current tax rate This option will only display on the screen in certain versions with a parameter setting Line By Line Pre Tax Book Income Data Review Actual Federal Unit Details PTBI 72 Impact of Difference in Forecast vs Actual Accommodates for the difference between the Forecasted Rate and Actual on Pre Tax Book Income PTBI times the Forecast Rate 961 minus PTBI times Actual Rates 72 the Data Review Actual Federal Unit Details PTBI 72 State 8 Local Income Taxes Provision from State Summary war Provision Summary 126 plus the Federal Benefit of State impact Effect of Rates Different than Statutory Accommodates for differences in the current tax rates and the dataset s group tax rate as defined in Administration Manage Datasets 2 The dif
126. ate Perm Diffs State State permanent difference information is manage in the State Perm Diffs section under Data Review 4 gt State 55 gt State Details s amp in the Provision 121 amp Estimated Payment 12 tabs There are two types of permanent differences Equity Adjustments and P amp L Adjustments The user can choose the appropriate type to achieve the desired provision effect Enter permanent differences that are applicable for state and not recognized for federal purposes To import information on the State Perm Diffs section complete the appropriate fields on the SPM State Perm Mods sheet in the Import Number Template Entry Fields Code Description e The code 15 amp description are established by an Administrator for the permanent difference Type e The type P type will result in a current tax provision expense offset in the payable account The result will be an impact the overall effective tax rate e The type E type will result in a current tax provision expense offset in the payable account as well as an equity contra expense that is offset in an equity account This will result in no impact to the overall effective tax rate Src e The Src tag 16 letter is used to identify each line entered to the originating source Amount e Positive amounts will increase and negative amounts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weigh
127. ate data for the units in the selected dataset filing group or sub consolidation selected in the Control Center The supporting detail for the calculations can be seen in detailed on separate reports Provision Items e Total Tax Provision e State Effective Tax Rate ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Report Views e Defaults to a unit by unit view of the report Line By Line e There will be a line for each unit in the sub consolidation consolidation Column By Column e Pre Tax Book Income Data Review gt Unit Details PTBI 44 e Total State Tax Provision Tax Provision Report 98 State by State Tax Provision line e Effective Tax Rate Total State Tax Provision divided by Pre Tax Book Income ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review State Est Pymt Summary Reporting Levels n Control Center CS Options Source Data All Data Review Screens payment breakout The report in the Estimated Payment tab displays only in the consolidated and sub consolidated reporting level Provision Items e Payment Amount Report Views e Default is the only available view e The payment breakout view option on sub consolidated or consolidated reports will detail the unit by unit State Est Pymt 142 report breakout Line By Line e Unit by Unit 8 State by State Summary of State Est Pymtl142 by either Income Tax or F Franchise Tax
128. ate the column named Admin Rights requires the following codes Administrator Y Read Write N Read Only RO The column named Status requires the following codes Active ACT default or Inactive INACT Users cannot be deleted from the system entirely due to audit trail constraints When the status is inactive it will denied access but the user name will still display for any historic entries in the audit trail Password The password must be at least 6 digits and should have one number or special character and it can be set to force password change on the next login In the import template the column named Password Hash you will see a system generated hashed code that represents the password To set the user s password to a default password of chang3me enter 213D 9CBF 1AEB 631B To import the user s passwords in plain text enter them in brackets To set the user s password to a default password of chang3me enter chang3me Manage Security Access Component Type Read Write and Read Only users are assigned rights to access the following components Reporting Datasets Sub Consolidations and Units The drop down will give a list of the types and the underlying choices available to be assigned User rights can be cloned from another user using the Copy from User option Security access rules can be assigned to users using the CUC User Component Access sheet in the Import Category Template The user and the Components Type Code et must b
129. ated will run be the most current Rolling Pin Format The Rolling Pin spreadsheet format can be imported using the Data Import Spreadsheet Import Dataset option It can be imported either before the macro has been run by using the import_rolling_pin file format or after the macro using the taxstream format The Rolling Pin macro is a flexible general purpose macro which e Handles a wide range of spreadsheet formats e Generates import_categories spreadsheets e Generates import_numbers spreadsheets e Is easily configurable e Available from www taxstream net macros Rolling Pin Input e Spreadsheet based provision processes often represent the current provision as follows Ee e WEE SEHR OY CTC eem OP Der 9 CECR EECH Rolling Pin Challenge e The challenge is to teach the Rolling Pin what the rows and columns of the source spreadsheet mean From the input example e Some rows contain perms while others contain temps tax rates etc e Some columns contain unit information while others contain totals comments etc e At the intersection of a row with perms and a column with unit information is a useful value Rolling Pin Output e Most information can be imported via categories and numbers spreadsheets e These spreadsheets must be arranged in specific ways Different sheets for perms temps ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review etc Columns in eac
130. ates 44 and apportionment 96 plus Data Review State State After App Temp Diffs 58 times the appropriate rates 4 1 plus Data Review Unit AT Temp Diffs 5071 amp Amortized AT Temp Diffs so plus Data Review State State After Tax Temp DiffsTs91 Only amounts entered as Balance Sheet Only entries do not impact the current tax provision calculation Ending Deferred Tax Per B S Deferred Balances o report Total Ending Balance column with the state view option e CTA Deferred Balances o report Total CTA column with state or state fbos amp expanded i s view options e Deferred Provision Only Data Review State State Details zs e Deferred Tax Provision Begin Deferred Tax Per B S plus Bal Sheet Only Adjustment minus Ending Deferred Tax Per B S plus CTA and Deferred Provision Only lines Equity Adjustment Data Review Unit Perm Diffs 471 Reversal of the impact to the current provision for Equity Adjustment Permanent Differences Total State Provision Sum of the Total Current Provision Deferred Tax Provision amp Equity Adjustment lines e Effective Tax Rate Total State Provision divided by Pre Tax Book Income Column By Column e The report displays one column for each state jurisdiction State Unit Summary Reporting Levels n Control Center Configurable Options n Source Data All Data Review Screens Available Views The reportin the Provision tab displays an overview ofthe of key st
131. ation for that unit perm diff temp diff etc means the same thing as Badly formatted data import temporary differences D1000 T1000 incomplete record Check that you have entered information into all of the mandatory fields Key references non existing categories when you have referenced a unit temp diff or perm diff that has not yet been created in import categories import NOL temporary differences D1000 NOL1000 D key references non existing categories gt Go back to import categories and create that unit temp diff or perm diff in the appropriate page e g ZCU Units to create a unit Then go to import numbers and input the information for that unit temp diff or perm diff in the appropriate page e g ZU Unit for a unit ZUPD Unit Perm Diffs for a permanent difference etc gt If you ve already created the unit temp perm diff etc and the error message is still coming up make sure that you have not entered a space before any of the codes For example D1000 should be D1000 No parent record when you have referenced a unit temp diff or perm diff that exists i e has been created in im port categories but for which no record has been created in import numbers import NOL temporary differences NOL temporary differences E EE 000 D no parent record gt Go to import numbers and input the information for that unit in the appropriate page e g U Unit to create a unit
132. attached to the various components 191 Report Views e Defaults to a listing view of the report Line By Line e Each attachment will be separately listed Column By Column Date Added Year Month Day User User who attached the document DataSet Identifies which dataset Unit Identifies the unit Jurisdiction Identifies the jurisdiction state Component Type Identifies which component type eg PD Perm Diffs Component Identifies the component code Tag Identifies the tag id for the component code Filename Displays the filename of the attachment Description Displays the user defined description of the attached file ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review User Status Report Reporting Levels Control Center Configurable Options wwe ERR L Source Data Administration Available Views The report displays all of the users for the client s instance Report Views e Defaults to a listing view of the report Line By Line e Each user will be listed by action Column By Column e Action Choices are Added and Deactivated e Audit Log Username User name assigned in the Administration Tab Administer Users 375 e Current Username User name assigned in the Administration Tab Administer Users 37 e Time Date and time when the action occurred ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review State State level report ar
133. ax state permanent difference e There are two types of Tax Adjustments depending on the code Non Cash Tax Adjustments have a code that begins with NC and Cash Tax Adjustments do not The cash provision is the amount of current tax liability that is expected to be represented on the tax return The non cash provision is any current taxes that should be accrued for prior years or for amounts that are not represented on the tax return The Cash and Non Cash are segregate on separate lines of the Tax Provision report e To import information on the State Tax Adjs section complete the appropriate fields on the STA State Tax Adjs sheet in the Import Number Template Entry Fields Code amp Description e The code 1571 amp description are established by an Administrator for the state tax adjustments z9 e Entries with codes beginning with NC will designate the tax adjustment as a non cash tax adjustment Adjustment e Positive amounts will increase and negative amounts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency State Payable Entry e State payable entry information is manage in the State Payable Entry section under Data Review rs Actual 71 gt State 7 State Payable Entry ac in the Interim 121 tab e The payable functionality is activated with a system parameter 7 e Automatic posting from the calc
134. ayments YTD times rounding set by an Administrative 37 user in Data Review DataSet Administration Dataset Parameters 431 rounding parameter 94 e Override Calculated Income Payment Data Review Federal Unit Details gt Estimated Payments 47 Income Payment Override Data Review Federal Unit Details gt Estimated Payments 471 Income Payment Due Either Rounded Payment Due or Income Payment Override e Franchise Payments Data Review Federal Unit Details gt Estimated Payments 47 Total Payment Due Sum of Income Payment Due amp Franchise Payments Summary The report in the Estimated Payment tab displays only in the consolidated and sub consolidated reporting level Provision Items e Payment Amount Report Views e Default is the only available view e The payment breakout view option on sub consolidated or consolidated reports will detail the unit by unit Federal Est Pymti102 report breakout Line By Line e Unit by Unit Summary of Federal Est Pymt 102 by either Income Tax or F Franchise Tax ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Effective Tax Rate Reporting Levels Filing Group Sub consolidation Consolidation Control Center Configurable Options Source Data All Data Review Screens Custom Rollups Summary Detail Contracted Expanded Use Unit Tax Rate Use Group Tax Rate State Component Breakout Effective Tax Rate Provision The rep
135. aziland Sweden Switzerland Syria Tadjikistan Taiwan Tanzania Thailand Togo Tokelau Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Tuvalu Uganda Ukraine United Arab Emirates United Kingdom Reference Items Country Code pt pr ONE SOURCETM Enterprise User Manual Reference Items Country Country Country Name Code Country Name Code Italy it Uruguay uy Ivory Coast Cote D Ivoire ci Uzbekistan uz Jamaica jm Vanuatu vu Japan jp Vatican City State va Jordan jo Venezuela ve Kazakhstan kz Vietnam vn Kenya ke Virgin Islands British vg Kiribati ki Virgin Islands USA vi Kuwait kw Wallis and Futuna Islands wf Kyrgyzstan kg Western Sahara eh Laos la Yemen ye Latvia lv Yugoslavia yu Lebanon Ib Zaire zr Lesotho Is Zambia zm Liberia Ir Zimbabwe zw Libya ly ONESOURCE Enterprise User Manual Reference Items ISO Currency Codes Currency Currency Currency Name Code Country Name Code Afghanistan Afghanis AFN Lebanon Pounds LBP Albania Leke ALL Lesotho Maloti LSL Algeria Algeria Dinars DZD Liberia Dollars LRD Angola Kwanza AOA Libya Dinars LYD Argentina Pesos ARS Lithuania Litai LTL Armenia Drams AMD Macau Patacas MOP Aruba Guilders also called Florins AWG Macedonia Denars MKD Australia Dollars AUD Madagascar Ariary MGA Azerbaijan New Manats AZN Malawi Kwachas MWK Bahamas Dollars BSD Malaysia Ringgits MYR Bahrain Dinars BHD Maldives Maldive
136. be intercompany transactions between any two units 21 Txn Type e The choices displayed are established by an Administrator for the transaction types 26 Txn Code e The transaction code is a user defined Txn Date ONESOURCE Tria Enterprise User Manual Chapter 3 Data Entry amp Review e The transaction date identifies the date of the transaction Txn Amount e The transaction amount for the intercompany transaction FX Rate Paying Unit to Receiving Unit e The weighted average rate that the paying unit uses to pay the receiving unit Withholding Tax Receiving Unit e Percentage of the transaction amount that will be withheld for the receiving unit Taxable at Receiving Unit e Designate if the transaction amount will be taxable by the receiving unit It will be posted as a permanent difference Deductible at Paying Unit e Designate if the transaction amount will be deductible by the paying unit It will be posted as an offset permanent difference Withholding Tax Treatment e Designate if the withholding is D for deductible C for creditable and for Neither Balance Tax Basis e Trial balance ending balances is manage in the Trial Balance Tax Basis section under Data Review 43 gt Actual 71 gt Federal 71 gt Unit Details 72 in the Interim 12 tab This area populates the ending trial balance amounts and allows the user to make book adjustments tax reclasses and other adj
137. be translated using the unit s weighted average FX rate to reporting currency Deferred e Deferred will impact 1ss the deferred provision only as well as the deferred balances e Typically this entry type is used for the impact of valuation allowances or adjustments to prior year balances Balance Sheet Only e Balance will only impact weg the deferred balances e Typically this entry type is used for the impact of equity or other comprehensive income items Payable Entry e Payable entry information is manage in the Payable Entry section under Data Review 43 Actual zait Federal 71 gt Unit Details 721 in the Interim 12 tab e The payable functionality is activated with a system parameter 7 e Automatic posting from the calculated provision to the payable can be activated with a dataset ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review parameter 1 e To maximize the payable functionality ensure that the payable set up wu is done to reflect the activity in the taxes payable account e To import information on the Payable Entry section complete the appropriate fields on the ZFL Fed Liability Txns sheet in the Import Number Template Entry Fields Fiscal Year e The fiscal year should be the year that the payable entry relates to Jurisdiction e The jurisdiction will default to FED when data is entered at the unit level Txn Type e The choices displayed are established by an Adm
138. ble bucket the Domestic Unit s CEET iple itae Bucket Code Federal Current Cash Provision will post to PAYABLE CPROV FOR BUCKET Alphanumeric Payable Define which payable bucket the Foreign Unit s Current Bucket Code Federal Cash Provision will post to PAYABLE CPROV DOM STATE B Alphanumeric Payable Define which payable bucket the Domestic Unit s State UCKET Bucket Code Current Cash Provision will post to PAYABLE CPROV FOR STATE B Alphanumeric Payable Define which payable bucket the Foreign Unit s Current UCKET Bucket Code State Cash Provision will post to PAYABLE RTP DOM BUCKET Alphanumeric Payable Define which payable bucket the Domestic Unit s Bucket Code Federal Tax Adj with codes NC RTP or NC ATR will post to PAYABLE RTP FOR BUCKET Alphanumeric Payable Define which payable bucket the Foreign Unit s Federal Bucket Code Tax Adj with codes NC RTP or NC ATR will post to PAYABLE RTP DOM STATE BUC Alphanumeric Payable Define which payable bucket the Domestic Unit s State KET Bucket Code Tax Adj with codes NC RTP or NC ATR will post to PAYABLE RTP FOR STATE BUCK Alphanumeric Payable Define which payable bucket the Foreign Unit s State ET Bucket Code Tar Adj with codes NC RTP or NC ATR will post to PULL PAY FROM DATASET REVENUE ACCT Alphanumeric Alphanumeric Dataset Name Entering the name of the Provision Dataset in the Trial Balance Estimated Payment tab will post payable transaction codes 1ES 1ES F 2ES 2ES F 3ES 3ES F 4ES 4ESF A
139. can be automatically posted for deferred tax assets based on a pre determine percentage base e The automation must be activated for the unit in the Unit Details 441 screen under the Automation 4 tab by checking the box and entering the appropriate percentage s that should be applied to the deferred tax assets e The generated valuation allowances will display as a contra asset in the reports e Automation can determined either on a Separate Attribute 165 or Aggregated Attribute 1661 basis e Separate Attribute basis is the default setting and the Aggregated Attribute basis can be activated on a dataset by dataset basis with a dataset parameter Separate Attribute Basis e Separate Base Valuation Allowance is the default calculation e In Unit Details Automation A there are three input fields available to enter percentages to be used in calculations for valuation allowance for After Tax Temporary Differences NOL Temporary ONESOURCE Enterprise User Manual Chapter 4 Functionality Differences and Temporary Differences The functionality analyzes each of the three component types separately For example if the balances in Net Operating Loss for the unit netted to an asset the system would post a valuation allowance contra asset at the entered percentage for Net Operating Losses However if the balances for the Temporary Differences for the same unit netted to a liability the system would not post a valuation allowance
140. can be merged using the dataset combine feature when creating a new dataset e To view reports for the current year provision you must ensure that you are looking at the appropriate dataset s The dataset view will have to be adjusted to view the separate true up dataset the current year s provision dataset or the reporting dataset with the total current year s data Each true up item needs to be entered in dataset Permanent Differences amp Tax Adjustments e The true up for these items should impact the current tax expense and the taxes payable e This can be achieved by entering the permanent true up amount as a permanent difference with an R tag and the tax adjustments e The impact to the current tax expense will compute based on the statutory rates Temporary amp After Tax Temporary Differences e The true up for these items should impact the deferred amp current tax expense the deferred tax asset liability and the taxes payable e The current amp deferred tax expense deferred tax asset liability and taxes payable true up can be achieved by entering the true up amount as activity with an R tag e The impact to the current amp deferred tax expense will compute based on the statutory rates Net Operating Losses e f the true up is to a year where the provision was in a Net Operating Loss position the NOL should be offset instead of the taxes payable account Valuation Allowances e Valuation Allowance amounts
141. cription Current Quarter Q The active quarter is displayed as the current quarter under Data Review 43 gt Current Quarter es in the Interim 12 tab The work flow of the Interim Dataset will only allows for one quarter to be active at any given time Once a quarter is complete it can be Advanced 81 to the next quarter or an Advanced quarter can be Rolled Back s57 to a prior quarter Advance to Q e The Q1 active quarter can be changed from Q1 to Q2 by choosing Advance to Q2 When the Advance option is chosen the Q1 data will be locked as read only and the Q2 data entries will become available The Forecasted data from Q1 will be copied to Q2 and the Actual ending rates and ending balances in Q1 will become the beginning rates and beginning balances in Q2 e The Q2 active quarter can be changed from Q2 to Q3 by choosing Advance to Q3 When the Advance option is chosen the Q2 data will be locked as read only and the Q3 data entries will become available The Forecasted data from Q2 will be copied to Q3 and the Actual ending rates and ending balances in Q2 will become the beginning rates and beginning balances in Q3 Roll Back to Q e When the current quarter is Q2 the user will have the option to Roll Back to Q1 or Advance to Q3 When the current quarter is Q3 the user will have the option to Roll Back to Q2 Data Import Data for a dataset can be populated in the Data Review section for multiple units There are two functio
142. d 93 Manage Payable Buckets 34 Perms 93 Manage Payable Rollups 34 Perms Amortized 93 Manage Payable Txn Types 34 PTBI Local 93 Manage Restricted Features 36 PTBI USD 93 NOL Rollforwards Set Up 35 Tax Accounts 93 NOL Temporary Difference 25 Tax Basis 93 Perm Diff Bridge Mapping 30 Temps 93 Permanent Difference 25 Temps Amortized 93 PTBI Bridge Mapping 29 Temps BSO 93 Query Analyzer 39 Bridge Extract File Reporting Dataset 22 4 Column Format 90 States 28 6 Column Format 90 States After Apportionment Temporary Differences 29 Comma Separated File Format 90 Tab Delimited File Format 90 Bridge Import 89 Bridge File Formats 90 Process 89 Bridge Import Data 93 Bridge Log Bridged Extract General Ledger Data 92 Calculated Income Tax Pymt Override 47 Case 21 Categories 15 21 After Tax Temporary Difference 26 Amort Perm Diff Bridge Mapping 32 Amort Temp Diff Bridge Mapping 32 Audit Trail Categories 40 Audit Trail Data 39 Bridge Map Template 33 Country Codes 38 Currency Codes 38 Database Query 39 Dataset 21 Deferred Balances Rollup 40 Deferred Rollforwards Set Up 35 Effective Tax Rate Rollup 40 Export Categories 41 States After Tax Temporary Differences 28 States Tax Adjustments 29 Sub Consolidations 24 Tag Management 38 Tax Accounts Bridge Mapping 30 Tax Adjustments 26 Tax Return Tax Basis Mappings 27 28 Temp Diff Bridge Mapping 31 Temp Diff BSO Bridge Mapping 31 Temporary Difference 25 Trial Balance Bridge Map
143. d and managed in the Administration 12 tab in the Manage Tax Basis Return Mappings section Tax Basis Return Mappings e A Tax Basis Return Mapping line can be added as needed under Manage Tax Basis Return 271 in the Administration 12 tab e The Tax Basis Return Mapping lines are used to map book tax differences to the tax basis balance sheet and the tax return compliance software e Anexisting Tax Basis Return mapping can be modified e To import a new Tax Basis Return Mapping Lines complete the appropriate fields on the MBAL Balance Sheet Mappings MINC Income Statement Mappings sheet in the Import Return Maps Template Entry Fields Tax Basis e Map the Tax Basis Balance Sheet by associating a Book Bal Sheet Trial Balance SubLines 261 with the Book Tax Adj balances Temporary Difference 251 Tax Return e Map the Tax Return Income Statement by associating a Book Income Stmt Trial Balance SubLines 2e1 with the Book Tax Adj activity Permanent 2518 Temporary ONESOURCE Enterprise User Manual Chapter 2 Categories Set up Difference 251 and the Page 1 Sch M 1 amp Sch M 3 tax compliance software codes e Map the Tax Return Balance Sheet by associating a Book Bal Sheet Trial Balance SubLines 26 with the Book Tax Adj balances Temporary Difference zs and the Sch L tax compliance software code Export Mappings e The Tax Basis Return Mapping items can be exported to a Import Return Maps Template
144. d entry or a single topside number to represent the impact of any change in the amount of unrecognized tax benefits during the period The required FIN 48 paragraph 21 disclosures can be viewed and printed from the UTP application Additionally there are reports that support the accounting for tax contingencies in the Taxes Payable Deferred Tax Asset and Current amp Deferred Tax Expense For more information or a demo of UTP application please contact your Client Manager or support 20 group ONE SOURCE Enterprise User Manual Reference Items Reference ltems State amp Jurisdiction Codes State Code State Code Alabama AL Montana MT Alaska AK Nebraska NE All Other AO Nevada NV Arizona AZ New Hampshire NH Arkansas AR New Jersey NJ Blended State BS New Mexico NM California CA New York NY Colorado CO New York City NYC Connecticut CT North Caroline NC Delaware DE North Dakota ND Florida FL Ohio OH Georgia GA Oklahoma OK Hawaii HI Oregon OR Idaho ID Pennsylvania PA Illinois IL Rhode Island RI Indiana IN South Carolina SC lowa IA South Dakota SD Kansas KS Tennessee TN Kentucky KY Texas TX Louisiana LA Utah UT Maine ME Vermont VT Maryland MD Virginia VA Massachusetts MA Washington WA Michigan MI Washington DC DC Minnesota MN West Virginia WV Mississippi MS Wisconsin WI Missouri MO Wyoming WY ONESOURCE Enterprise User Manual ISO Country Codes Country Name Afghanistan Albania Algeria American Samoa
145. d to accommodate a report with many columns of data in the Work Area or to view the entire code and description in the Control Center e The panel that contains the Control Center and Navigator can be sized to increase or decrease the Work Area When the mouse is placed on the gray vertical bar that separates the Control Center Navigator and the Work Area a double headed arrow will display By left mouse clicking ONESOURCE Enterprise User Manual Chapter 1 Overview when the double arrow is displayed the user can drag the bar to change the view To completely hide the Control Center Navigator section you can click on the blue button with lt lt above the Navigator section To restore the Control Center Navigator view click on the gray vertical bar on the left side and the double headed arrow will display By left mouse clicking when the double arrow and drag the bar to the right to re display the Control Center Navigator Menu Bar The Menu Bar has options for printing exiting and maintaining password as well as information about the software version There are two available Menu choices File and About File To print a single report In the Menu Bar choose File and Print The report that is currently displayed in the work area will be sent to the default printer for the user s machine To change the printer or to configure the report choose the Page Setup option Citrix Users lf the user s default printer is not
146. d to populate the ending rates The new combined dataset will set all the unit s Weighted Average FX Federal amp State Current rates and State Apportionment rates to the rates the 1st dataset The payable will re compute the automated posting and post it in the payable for the combined dataset year Other entries made to the payable in any of the datasets except the first dataset will not be a part of the combined dataset The Intercompany Transactions Trial Balance and APIC Pool entries made in any of the datasets except the first dataset are excluded from the combined dataset Amounts entered for any Amortized Permanent Amortized Temporary or Amortized After Tax Temporary differences are excluded from the combined dataset Dataset Combine will not restrict a user to merge appropriate period datasets Use care when selecting datasets to ensure the correct timeframes are being chosen For example a dataset designated as Q1 2004 can be combined with a dataset designated as the 11th Month 2008 Due to the limitation of this functionality please be sure to review the resulting dataset thoroughly for accuracy Export Provision to Return The data in a Provision dataset in Onesource Taxstream Provision can be exported into a file that is in a format that meets the import specification of the major compliance systems This will allow the Tax Return process to start with the Provision data that can be adjusted as necessary Each compliance s
147. d using the Beginning Spot Rate and the Beginning Tax Rate e Rate Change column creates an adjustment to restate the Beginning Balance column at the Ending Spot Rate and the Ending Tax Rate e All other Columns are converted using the Ending Spot Rate and the Ending Tax Rate e Ending Balance is the sum of the columns and is effectively the Ending Balances converted using Ending Spot Rate and the Ending Tax Rate Example of Change in the Deferred Rate from 35 to 40 Adjusted Beginning Beginning Temp Diff Bal in Local Currency 100 000 100 000 Tax Effected Temp Bal in Local Currency 35 000 40 000 FX Rate 0 5 0 5 Tax Effected Temp Bal in USD 70 000 80 000 Rate Change 10 000 Unit Deferred Balances Fed Only USD Test TaxStream Test Code Name Beginning Balance Rate Change Current Activity Deferred Only Balance Sheet Only Ending Balance T1000 Bad Debt Reserve 70 000 8 000 0 0 88 000 total 70 000 8 000 0 0 88 000 Example of Change in the FX Rate from 5000 to 4500 Adjusted Beginning Beginning Temp Diff Bal in Local Currency 100 000 100 000 Deferred Rate 35 00 35 00 Tax Effected Temp Bal in Local Currency 35 000 35 000 Tax Effected Temp Bal in USD 70 000 77 778 Rate Change 7 778 Unit Deferred Balances Fed Only USD Test TaxStream Test Code Name Beginning Balance Rate Change Current Activity Deferred Only Balance Sheet Only Ending Balance T1000 Bad Debt Reserve 70 00
148. da Rwanda Francs RWF Denmark Kroner DKK Saint Helena Pounds SHP Djibouti Francs DJF Samoa Tala WST Dominican Republic Pesos DOP Sao Tome and Principe Dobras STD East Caribbean Dollars XCD Saudi Arabia Riyals SAR Egypt Pounds EGP Seborga Luigini SPL EI Salvador Colones SVC Serbia Dinars RSD Eritrea Nakfa ERN Seychelles Rupees SCR Estonia Krooni EEK Sierra Leone Leones SLL ONESOURCE Enterprise User Manual Reference Items Currency Currency Currency Name Code Country Name Code Ethiopia Birr ETB Silver Ounces XAG Euro Member Countries Euro EUR Singapore Dollars SGD Falkland Islands Malvinas Pounds FKP Slovakia Koruny SKK Fiji Dollars FJD Solomon Islands Dollars SBD Gambia Dalasi GMD Somalia Shillings SOS Georgia Lari GEL South Africa Rand ZAR Ghana Cedis GHS Sri Lanka Rupees LKR Gibraltar Pounds GIP Sudan Pounds SDG Gold Ounces XAU Suriname Dollars SRD Guatemala Quetzales GTQ Swaziland Emalangeni SZL Guernsey Pounds GGP Sweden Kronor SEK Guinea Francs GNF Switzerland Francs CHF Guyana Dollars GYD Syria Pounds SYP Haiti Gourdes HTG Taiwan New Dollars TWD Honduras Lempiras HNL Tajikistan Somoni TJS Hong Kong Dollars HKD Tanzania Shillings TZS Hungary Forint HUF Thailand Baht THB Iceland Kronur ISK Tonga Pa anga TOP India Rupees INR Trinidad and Tobago Dollars TTD Indonesia Rupiahs IDR Tunisia Dinars TND re Monetary Fund IMF Spec Drwig XDR Turkey New Lira TRY rou IRR Turkmenistan
149. de activating the parameter rather than deleting it To import a new Unit Dataset Parameter complete the appropriate fields on the UDSP UDS Params sheet in the Import Numbers Template Journal Entries e Journal Entries are defined in the Navigator under Data Review 43 gt Unit 431 Administration a in the Provision 121 tab e When Journal Entries 150 have been activated this area will allow for mappings to be configured e The Journal Entries screen defines how amounts computed in the provision can flow to a journal entry reports e The Journal Entry mappings are done on a unit by unit basis and can created in one unit and cloned to the other units via an import spreadsheet e To import the Journal Entry Mappings complete the appropriate fields on the JES Journal Entries 8 JETAX JE Tax Calcs sheets in the Import Numbers Template Unit Details There are four sections on the Unit Details screen PTBI Automation Taxes Per Book amp Misc The Unit Details screen defaults to show the PTBI section PTBI e Pre Tax Book Income Filing Groups amp Rate information is manage in the PTBI section under Data Review 421 Unit 43 gt Unit Details 4 in the Provision 21 amp Estimated Payment 124 tabs e To import information on the PTBI section complete the appropriate fields on the U Unit sheet in the Import Number Template Entry Fields Deactivate Unit Button e Found in the upper right hand corner of the sc
150. does not take into consideration the federal deductibility percentage This report is activated by a parameters 9 Provision Items e State Ending Deferred Rate Report Views e Defaults to a detailed view of the report Line By Line e For each unit in the sub consolidation consolidation there will be a line for each state ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review NOL Balances Reporting Levels Filing Group Sub consolidation Consolidation Control Center Configurable Options Source Data Unit Details NOL Temporary Differences Summary Hybrid Detail Unit Pre Tax Fed State FBOS Fed State FBOS state fed FBOS All current non current Contracted expanded balance sheet expanded income statement The NOL balances report displays the beginning and ending cumulative NOL balances and when itis expanded it will show the amounts that made up the change The default view is a pre tax view The balances can also be displayed at various tax effected levels by choosing options in the upper right corner Although this report resembles the Deferred Balances report can display additional information on the year the NOL arose and is expected to expire Provision Items Deferred Tax Expense Deferred Tax Asset Liability Currency Translation Adjustment CTA Report Views Defaults to the pre tax and contracted view of the report details The summary hybrid detail
151. dsheet Dataset 86 Import Tax Basis amp Return Template MBAL Balance Sheet Mappings 27 28 MINC Income Statement Mappings 27 28 2009 ONESOURCE TAXSTREAM PROVISION ONE SOURCE Include for Estimated Payment calc 47 Include for State 17 25 Intercompany Transactions 26 Paying Entity 53 65 78 Receiving Entity 53 65 78 Interim Datasets Dataset ID 23 Dataset Name 23 Import Export All Interim Data 23 Management 23 Interim Rate Basis Overall 23 72 True up 23 Unit by Unit Interim Reporting Actual 160 Advance to Next Quarter 161 Annualized Forecasted Effective Tax Rate Exclude Foreign Loss Units 159 Exclude Units 159 Forecast 159 Forecasted Rate Report 159 Import amp Export of Data 158 Interim Dataset 158 Interim Provision 160 23 72 159 160 Interim Rate Basis 158 Interim Tab 158 Overall Rate Basis 159 Prior Full Year to Quarter 161 Read Only 158 Roll Back to Prior Quarter 161 Unit by Unit Rate Basis 159 Interim Unit Details 61 159 ISO Incentive Stock Options 163 iTaxStream 17 171 aj Journal Entries Mappings 44 72 Journal Entry 46 74 Customized JE Report 150 151 JE Configuration 150 JE Data Entry Setup Screen 150 Parameters 151 Simple JE Report 150 User Configurable JE Report 150 151 Jurisdiction Management 43 Jurisdictions 55 Index 2d Liability tab 12 Local Currency M Macros Rolling Pin 87 Scrunch Macro 89 Manage Attachments 16 Manage Bridge Amort
152. e An administrator can set characteristics for each dataset that may change how data is treated or represented with Dataset Parameters e The pre established dataset parameters 185 can be added modified or deleted e When adding or modifying parameters use care as they can potentially change calculations across all the units in the dataset Parameters are pre defined and are case sensitive The Key Type amp Value are specifically designed for each parameter Deleting parameters is not recommended since they may be required for the system to function properly Opt instead for de activating the parameter rather than deleting it e To import a new Dataset Parameter complete the appropriate fields on the DP Datasets Params sheet in the Import Numbers Template Jurisdiction Management Jurisdiction Management is only available in the Estimated Payment tab An administrative user can configure the percentage of estimated liability in the quarters and the minimum taxes that may be required Each jurisdiction including Federal needs to be formatted in the Jurisdiction Management for the data to compute and flow to the Federal Estimated Payment 102 amp State Estimated Payment 14 reports e To import the jurisdiction management complete the appropriate fields on the ZJZ Jurisdictions sheet in the Import Numbers Template Federal All the Federal or National data is entered and stored in the Federal area A unit must have a record 181t
153. e The Current Non Current balances that made up the component s asset will determine the designation of current or non current status of the valuation allowance e For units in a filing group 161 the parent unit will determine the valuation allowance automation and percentage for all the group Aggregated Attributes Bases e The Aggregated Valuation Allowance functionality is a activated with a dataset parameter 185 e The aggregated method combines the three component types when determining whether or not there is a net asset that should have a offsetting valuation allowance In Unit Details Automation 45 there will be a single input field available to enter a percentage to be used in calculations for valuation allowance for the net amount of After Tax Temporary Differences NOL Temporary Differences and Temporary Differences The single input field called Aggregated Base Valuation Allowance The functionality analyzes the net of the three component types For example if the balances in Net Operating Loss for the unit netted to an asset and the Temporary Differences for the same unit netted to a liability and when the NOL and the Temporary differences were netted to an asset the system would post a valuation allowance contra asset at the entered percentage for Aggregated Base Valuation Allowance The Current Non Current balances that made up the component s asset will determine the designation of current or non current status of the valuation a
154. e This mapping will post to the Trial Balance Tax Basis screen Begin amp End Fctr e Beginning balance factor is typically zero since it will be ignored when computing Trial Balance e Ending balance factor is typically 1 or 1 depending on the signs of the exported trial balance data file Export Mappings e The Bridge Mapping items can be exported to a Import Bridge Map Template e This will generate a file with eight sheets MPTBI Pre Tax Book Income MTA Tax Accounts MPD Permanent Difference MTD Temporary Difference MTDBOS Temporary Difference Balance Sheet Only MAPD Gross Permanent Difference MATD Gross Temporary Difference 8 MTBBB Trial Balance e Exporting before items have been entered will generate a blank Import Bridge Map Template Import Mappings e The Bridge Mapping items can be imported in using the Import Bridge Map Template e The template is typically stored in the following folder C Program Files TaxStream500 template or for hosted solutions you can export the mappings to generate the template e The file can contain any of the sheets MPTBI Pre Tax Book Income MTA Tax Accounts MPD Permanent Difference MTD Temporary Difference MTDBOS ONESOURCE Enterprise User Manual Chapter 2 Categories Set up Temporary Difference Balance Sheet Only MAPD Gross Permanent Difference MATD Gross Temporary Difference amp MTBBB Trial Balance e Warning importing bridge mappings will c
155. e bridge can help to build an audit trail since it represents the book general ledger data on an account by account basis and the tax treatment of that account e Information that is bridged into the system can be assigned a Tag letter that identifies the source of the data as being bridged from general ledger information This allows user to be ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review able to segregate bridged data from amounts that were manually entered or populated via the import spreadsheet template in the data review screens The bridge relies on either the SQL Server utility program BCP or the Oracle utility SglLdr to load the general ledger extract file into a staging area database table This area is available for the user to review all imported information before updates are made to the calculations The most common problem encountered when using the Bridge is that the BCP or SqiLdr utilities are not installed on the user s computer Please check to make sure the proper utility is installed to be able to proceed with the Bridge process The database operating server Oracle or SQL will need to be know and identified when bridging The extracted file 9 from the General Ledger an either have four column or six column of data and be either a comma or tab delimited file type Entry Fields 1 Verify Target Dataset e The dataset name will default to the dataset chosen in the control center sinc
156. e dataset unit designated in the Control Center e Filing Group Federal choose to view reports based on the filing group determined by the dataset unit designated in the Control Center e Consolidated choose to view reports based on the all the unit data entered in the dataset designated in the Control Center e Sub Consolidated choose to view reports based on the a sub grouping of unit data entered in the dataset subcon designated in the Control Center e Administration allows Administrative users to Reset Report Data amp launch the TS Database Analyzer Data Export Export all the data in the dataset to an Excel spreadsheet e Export Selected Dataset choose to export the data entered in the dataset for the dataset designated in the Control Center The file generated can be re imported in the Data Import section ONESOURCE Enterprise User Manual Chapter 1 Overview TaxStream Concepts The following defines terminology used in Onesource Taxstream Provision to identify different concepts Codes Category items created and maintained in Onesource Taxstream Provision requires that a unique codes be assigned to them e Most codes are user defined and can be any combination of alpha amp numeric characters including spaces as long as each code is unique e f codes have been established in another systems consider reusing them in Onesource Taxstream Provision to create a one to one relationship with data in other
157. e entered for each related component 191 code along with the related Action type There are two Action Codes G Grant amp D Deny A wildcard can be used to assign rights to all users by entering an asterisk The user which have been denied access will not be able to adjust the data via either manual or import means and they will not have access to batch print units that they are denied access to Email Address Phone Number User Notes amp Access Rights Additional information about a user can be tracked on this screen if the ONESOURCE Enterprise User Manual Chapter 2 Categories Set up UsersExtended system parameter 3e with a param value of 1 has been added e Adds the ability to track User Full Name if different from the User ID User Email Address User Phone Number User Defined User Notes and Preparer 1st Reviewer and 2nd Reviewer Access Rights iTaxStream Administer Permissions e Each unit s access to the permission components w can be configured under System 357 in the Administration 121 tab e If the unit has not been assigned a component access Read Write users will not have access to it Administrative users will have access to all components e To import the Administer Permissions mappings complete the appropriate fields on the CUNC Unit Component Access sheet in the Import Category Template Entry Fields Unit List Code e This Enter the unit code that you wish to assigned permi
158. e imported or a system parameter 15 can be activated to remove the single year restriction FX e The weighted average rate on the date of the entry can be entered Description e Each entry line should be identified with a description Forecast Q The Forecast area will only be displays in the Interim Tab The Federal area is where all the Federal or National data can be entered and is stored For more information on the interim process refer to the Interim Reporting 15 section under Functionality Federal All the Federal or National data is entered and stored in the Unit area A unit must have a record 167 to enter data The Forecasted Federal can have seven areas Interim Unit Details 611 Permanent Differences ei Temporary Differences ez After Tax Temporary Differences ei Tax Adjustments 64 NOL Temporary Differences s and Inter Company Transaction Entry 651 Interim Unit Details Pre Tax Book Income amp Rate information is manage under Data Review 43 gt Forecast 61 gt Federal et Interim Unit Details in the Interim 121 tab e To import information complete the appropriate fields on the ZFORU Forecast Unit sheet in the Import Number Template Entry Fields Pre Tax Book Income e Estimated Pre Tax Book Income The Pre Tax Book Income should be entered in Local Currency The Estimated Pre Tax Book Income can either be entered as a annualized amount or choose Enable Quarterly PTBI to enter the fo
159. e months a quarter or year ONESOURCE Enterprise User Manual Chapter 2 Categories Set up Group Tax Rate e The rate entered will be used in the Effective Tax Rate report as the statutory rate that the provision will reconcile to ID e The ID is asystem generated ID that is assigned to the dataset This field is not editable Case e The Case is an optional field that is used primarily when exporting data to compliance software Reporting Datasets e Create reporting datasets to combine multiple datasets into a single dataset view under Manage DataSets 2 in the Administration 121 tab e In an existing reporting dataset the name and the units assigned can be modified e When deleting a reporting dataset be careful since it can not be undone e To import a new reporting dataset complete the appropriate fields on the CDR Reporting Dataset sheet in the Import Category Template Although the sheet is on the Import Category spreadsheet the sheet will not be imported when you choose the Import Category option in Administration To import the mappings use the Import Reporting Dataset functionality The mappings will only be added if the related Datasets exist in Manage DataSets Datasets Entry Fields Name e The name of the reporting dataset is user defined and can be any combination of alpha amp numeric characters including spaces up to 60 characters The reporting dataset name can be edited after it was created e The rep
160. e of Onesource Taxstream Provision and their functionality is explained in the release notes e Each pre defined parameter is specific designed for a level of reporting Current System Params ish Dataset Params 185 Unit Params web and State Paramslwe are available ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Currency e Reports will display in the currency chosen in the Control Center e Reporting Currency reports will display the data taking the foreign exchange rates into consideration e Local Currency reports will display the data as it was entered in the system allowing the report to agree to the source information e Most reports can be reviewed in either Local or Reporting Currency for a single unit but other reporting levels may not combine if the underlying units currency designation differ A system parameter can be added to display the local currency report with multiple currencies e The Currency option in the control center allows the user to toggle between reporting currency and local currency e Currency Translation Adjustments and other advance currency concepts are discussed in Foreign Currency Issues 1521 Federal Benefit of State e The impact of the Federal Benefit of the State tax deduction can be represented as either a component of the Federal or the State deferred rate on the reports The presentation is designation is made on a dataset by dataset basis and will rollover when a
161. e on a single state level based on the state chosen in the Control Center State Tax Provision Provision Reporting Levels n Control Center Configurable Options n Source Data All Data Review Screens Available Views unit breakout unit breakout comparison The report displays the state tax provision calculations for the specific state selected in the Control Center The supporting detail for the calculations can be seen in detailed on separate reports Provision Items e Current State Tax Expense e Deferred State Tax Expense e State Equity Offset to Current Expense e Total State Tax Provision Report Views e Defaults to a detail view of the report e Choosing unit breakout will generate an Excel spreadsheet that will detail the unit by unit underlying calculations for the state s provision expenses e The unit breakout comparison view option allows the user to create a side by side comparison of two datasets The result will be a total and unit by unit variance report It will either display on the screen or export to an Excel file depending on the version and parameter settings Line By Line e Pre Tax Book Income Data Review Federal Unit Details PTBI 4 e Perm Diffs includable for State Data Review Federal Perm Diffs 47 amp InterCo Txns 55 where includable status 171is yes e Modifications Data Review State State Perm Diffs 57 Temp Diffs includable for State Data Review
162. e period Beginning Balance e The beginning balance will rollover from the prior period and should represent the remaining temporary differences for book and tax that should be allocated Activity e The activity will be the appropriate amount of the beginning balance based on the months entered In a dataset that was not rolled over the user must populate this field e Activity will impact 1s amp the current and deferred provision as well as the deferred balances e Positive amounts will increase and negative amounts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency Deferred e Deferred will Impact s the deferred provision only as well as the deferred balances Tax Adjs e Tax adjustment information is manage in the Tax Adjs section under Data Review 43 gt Unit 431 in the Provision 1218 Estimated Payment 124 tabs e Tax adjustments can be thought of as a post tax permanent difference e There are two types of Tax Adjustments depending on the code Non Cash Tax Adjustments have a code that begins with NC_ and Cash Tax Adjustments do not The cash provision is the amount of current tax liability that is expected to be represented on the tax return The non cash provision is any current taxes that should be accrued for prior years or for amounts that are not represented on the tax return The Cash and Non Cash are se
163. e that is where the dataset is determined To choose a different dataset change the dataset in the control center and the display will show the new dataset 2a Choose TaxStream target areas to be loaded e Check off the areas that should be populated with the data 2b Choose tag and units e The designated tag will be used to tag the bridged data in the system Consider setting up a tag 381 to specifically identify the data as coming from a bridge file e Choose whether the data in the extract is for a single unit a group of units in a sub consolidation or the consolidated group e To choose a different unit or sub consolidation you must change the control center Changing the control center will refresh the screen and the other choices will be lost The ability for users to have the option to choose units sub consolidations or consolidations can be limited with the system parameters BRIDGE_ALLOW_UNIT_SELECT BRIDGE_ALLOW_SUBCON_SELECT and BRIDGE ALLOW ALL UNITS Choose format s and file s of legacy data The extract file 907 needs to be defined to explain the underlying format There are two database types sql amp oracle there are two file formats comma amp tab delimited and data formats 4 or 6 columns The legacy data file is the extract file 9 from the general ledger system CA A Clear Staging Area upload legacy The first step will clear the staging area Once that is staging area is cleared it will disp
164. ecsseeecssesestaeeeaes 107 Expected Deferred Hate 109 NOL Balances ccccccccccccccsccccsscsesessecscseeccsseeceesseceseeseseesecessesenstsesenseeesensaess 110 Temp Diff Summary ai awahi kabaka kawa aam 112 Temp Diff Summary Fed Filing Group 113 Net Deferred Tax Asset Liability sss 115 Unit SUIMMALY coeceecceccecccccccccscecsseeeccsseeccsseesesseecccsueeecseseecesaeeccnsaeeesseeesenseeenens 117 Payable Rollforward sss eene nennen nens 118 Payable Dora 119 Foreign Domestic Summary wwwwwammmwamimamimmi namwamini 120 AMT EStimator amina nimu nima nima aniani wanawaamini 121 Local Currency Approach 121 REDOING Curen ADBEFOSGIT cerco tente pei tue vues rece E ener E eu eph es 122 MEME CC NR REO ROREM S 123 State Gummanm RRRRRRRRRRRRREEMMMEMMMMMM 124 Forecasted Gtatehate anaamini s nnns ern se ranis 125 Provision Summary State eene trennt rare 126 State Tax Prov Rpt Breakout disc ii ROO p UO MR Ie iana 127 State Unit SUIT Ti amp by E 128 State Est PymMt HEIEREN oos een tette eese res renda eege eegene edd 130 Jo rnal ENES eio crece tere rain ertt ee Por rende aen eres bun oye Pe ex voee E TUNER 131 Attachments Review Report uiii reir prs ates geesde eege 132 User Status Report wwwwamwamwmwiwi namwamini 133 suc 134 State Tax Provision Provision nennen nenne nnne nennen nennen 134 State Tax Provision Interim Provision
165. eferred Provision Only column plus impact of change in deferred rates amp impact of difference between current amp deferred rates Tax Adjustments TADJ Tax Adjustments After Tax Temporary Differences ATTD After tax temporary differences entered in the Deferred Provision Only column Deferred Provision Only Adjustment DPOA Deferred Provision Only Adj from the Unit Details screen These lines on the Effective Tax Rate Report do not have rollup capabilities Component Rollup Codes Trial Balance Line Rollup Line Description Code Trial Balance TBBB Trial balance sub lines for Trail Balance amp Tax Basis Balance Sheet report Query Filters Shortcut Description References cc dataset The dataset or set of datasets as represented by the reporting DataSets DataSetID dataset currently selected cc unit The unit currently selected Units UnitID lt cc_subcon gt The set of units as represented by the sub consolidation Units UnitID currently selected lt cc_con gt The set of units as represented by the consolidation i e all units Units UnitID lt cc_state gt The state currently selected States StatelD cc currency The report type currently selected ReportTypes ReportTypelD System Parameters The following is a chart of System Parameters with a summarized functionality description There are additional parameters not listed that relate to either core functionality or that relate to the Current Provision Freeze iTa
166. eferred tax rate NOLs Data Review gt NOL Temp Diffs 521 Only amounts entered as Deferred Only or when there was a change in the deferred tax rate Cash Tax Adjustments Data Review Federal Tax Adjs 511 e After Tax Temp Differences Data Review Federal AT Temp Diffs 507 amp Amortized AT Temp Diffs 507 Only amounts entered as Deferred Only Deferred Provision Only Adj Data Review Federal Unit Details PTBI 4 Column By Column Effect of Rates Different than Statutory Accommodates for differences in the current tax rates in that unit s Unit Details screen to the group tax rate defined by the dataset in Administration gt Manage Datasets If a unit s current tax rate is different than the group rate then the impact the difference of the unit s current tax rate and the group rate is multiplied by the unit s pre tax book income and permanent differences to accommodate for rates different than statutory Effect Deferred Rate Changes Provides for the impact of restating the beginning deferred balances if the beginning and ending deferred tax rates found in that unit s Unit Details screen differ Effect Rate Diffs bw Current and Deferred Provides for activity in the deferred balances that is being rate effected at a current tax rate that differs from the ending deferred tax rate found in that unit s Unit Details screen Def Only Adj Displays overrides to the deferred tax provision made in the Unit Details de
167. efore Credits Apportioned Income line times the current State Tax Rate line After Tax State Temp Differences Data Review State State After Tax Temp Diffs s Only amounts entered as Activity Deferred Only or Balance Sheet Only entries do not impact the current tax provision calculation Cash Tax Adjustments Data Review State State Tax Adjs e Only cash items where the codes do NOT start with NC Cash Provision Sum of Federal Tax Tax Before Credits After Tax State Temp Differences ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review amp Cash Tax Adjustments e Non Cash Tax Adjustments Data Review State State Tax Adjs 601 Only non cash items where the codes start with NC e Current State Provision Sum of Cash Provision amp Non Cash Tax Adjustments State Legacy Tax Provision Provision Reporting Levels n Control Center Configurable Options n Source Data All Data Review Screens Available Views unit breakout The report displays the state tax provision calculations for the specific state selected in the Control Center The supporting detail for the calculations can be seen in detailed on separate reports Provision Items e Current State Tax Expense e Deferred State Tax Expense e State Equity Offset to Current Expense e Total State Tax Provision Report Views e Defaults to a detail view of the report e Choosing unit breakout will generate a
168. emp Diffs Tax Adjs NOL Temp Diffs InterCoTxn Entry and State e All known Annualized Book Tax Differences that are expected to impact the effective tax rate eg permanent differences tax adjustments and temporary differences with deferred only activity should be entered e The dataset can be populated either by entering amounts directly in Onesource Taxstream Provision or by using the import numbers spreadsheet template 861 Determining the Basis that the Annualized Forecasted Effective Tax Rate should be applied e There are several ways to interpret the guidance in FIN 18 Paragraph 22 Depending on your interpretation the Forecasted Effective Tax Rate can be represented in Onesource Taxstream Provision either on an Overall or Unit by Unit basis The interim basis is chosen for the dataset when the interim dataset 23 is created Reviewing the Annualized Forecasted Effective Tax Rate e The Forecasted Rate s report will display the results of the entered data The report has several views to best understand how the rate was generated ONESOURCE Enterprise User Manual Chapter 4 Functionality Actual Calculating the Interim Provision for the Quarter Home Data Review Forecast 01 DataSet Federal Administration Unit Details APIC Pool Amounts Perm Diffs Temp Diffs AT Temp Diffs Tax Adis NOL Temp Diffs Payable Entry InterCo Txn Entry Trial Balance Tax Basis State AK
169. ences payable and intercompany e After data has been entered and saved the Manage Attachments button will become available e The manage attachment screen allows the user to enter a description and one or many files e The date time and user that attached the file will be captured in the manage attachment Screen e On the data review screen an attachment icon al will display left of the code for any entry with an attachment e Alist of all the attachments can be viewed in the Attachments Review 1321 report Records Unit State Unit records are required to enter data in a dataset e Each unit has a Unit Record when it is activated in a dataset Additionally an activated unit can have a State Record for each state that is activated under the unit ONESOURCE Enterprise User Manual Chapter 1 Overview e lf there is no record a Create Record pop up will display with a message that No data exists for this Unit DataSetld Combination and asking Do you want to create a record Answering Yes will create a record and No will not create a record e When aunit or state has a record then data can be entered and the unit state will appear in reports e The unit state record can be removed from the dataset by deactivated the unit in the Unit Details or state in the State Details screen Use caution when deactivating a unit since it will erase all information for that unit including states for that dataset e Records will rollove
170. encies the postings are converted to the parent s local currency and the result will display on the report Column By Column Single column displays the calculation for the filing group ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Trial Balance Reporting Levels Control Center Configurable Options Source Data Trial Balance Tax Basis Available Views Custom Rollups Summary Detail The report displays the balance sheet accounts in the trial balance The trial balance ending book basis and related adjustments are populated in the Trial Balance Tax Basis 547 section Report Views e Defaults to a summary view of trial balance lines view of the report e Choose the detail view to display the trial balance lines with the sub line detail e Rollups 1 are user defined groupings that allows the trial balance sub line data to be consolidated to be rolled up to a higher level Creating and managing rollups 40 for the report are done in the Administration tab Line By Line e Income Statement Displays trial balance lines designated as income statement in the Manage Trial Balance 261 mappings e Balance Sheet Displays trial balance lines designated as asset liability or equity in the Manage Trial Balance 261 mappings Column By Column e Book Balance Data Review Federal Trial Balance Tax Basis 54 in the Provision tab or Data Review Actual Federal Trial Balance Tax Basis
171. ens 43 ele at et 43 Dataset Parameters 43 Jurisdiction Management 43 Federal MMMMMMMMMMEEEEMEEEEEMEEEEEEEEEEEMMMMMMMMM 43 el ear ie PET 44 Unit Dataset Parameters ccccccccccseeeeeesseccccececeeeeseessneceecececeusecsesnneuseceeeeeueeeeentnseceeeeeeseeststnesaaceeeceveseestentneeeeceress 44 Jow ab EHUBS ees ee Ee 44 Unit DetailS 44 PTBI 44 Automation 45 TaxesPerBoOk EE 46 IECH 46 Estimated Payrmie ils AA WA 47 den NEI EE 47 Amortized Perni E E 47 Temp Diff e E ESN 48 Amortized Temp EE 49 AT Temp ii AA eeneg N Seen 50 Amortized AT Temp RE 50 EE E 51 leur ai 52 Payable ai 53 Juge RER GE ER TrialiBalance EE 54 SE 55 ye onat aliea aen aaa 55 Unit State Dataset ST Elan E 55 SECH EE 55 Rates Apportionment 55 Automation 56 State Aaa E 57 State Temp EE 57 State After App Temp DIffS scere ter asa AE reme e aa dte presa be R 58 State After Tax Temp DIFfSu ues des tau tdeo eier eebe 59 State Tax AdjS 60 State Payable Entry sinirinin a Ia 60 Forecast RE 61 e DEE 61 Interim Unit Details 61 Perm Diffs 62 Temp Diffs 62 AT Temp Diffs 63 Tax Adjs 64 NOL Temp Diffs 64 InterCo Txn Entry 65 EE 66 State Details 66 Rates APportioNMent ccccccccccccsseseescescceseeseseesecsesecsecscsecsesassecsecsessesesaeseesecaeceesesaesaesassecaeeseeeseeaeeesaeeats 66 e EIS ET EE 67 2009 ONESOURCE TAXSTREAM P
172. ense unless all the unit s have the same currency Currency Types amp Options Currency Types e Functional Currency Primary Currency in which the books of record are maintained and the currency that an entity does business in e Local Currency Currency of the country where the business is physically located e Reporting Currency Currency that the entity reports the financial statements in Reporting currency symbol options in Onesource Taxstream Provision are US Dollar or Euro or Japanese Yen The default is US Dollar but can be modified with a system parameter wei e Hyperinflationary Environment When the cumulative rate of inflation exceeds 100 over the three year period then FAS 52 requires USD to be the functional currency In Onesource Taxstream Provision the unit s local currency should be set to USD Currency Options e Currency Codes There are pre populated currency codes vi that can be expanded as necessary in Manage Currency 381 section e Thousands Separators The system defaults to comma 1 000 00 for the thousands separators put can be changed to a period 1 000 00 for the thousands separators with a system parameter 18T Foreign Exchange Rates Entry Format e When entering foreign exchange rates on the Unit Detail s screen the format should be what 1 unit of Reporting Currency would equal in Local Currency or Reporting Currency Local Currency For example if reporting is USD and 1 USD equals 60 of another
173. ent Assets Temporary differences that were identified as NC current that after tax rate have an asset balance when summed with all activity for the same temporary difference category item Non Current Liabilities Temporary differences that were identified as C current that after tax rate have a liability balance when summed with all activity for the same temporary difference category item ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Net Deferred Tax Asset Liability Reporting Levels Control Center Configurable Options Unit Details Temporary Differences After Tax Temporary Differences NOL Temporary Differences State After Apportionment Temporary Differences State After Tax Temporary Differences Custom Rollups Federal State FBOS Fed State FBOS state fed FBOS Summary Detail Hybrid Total By Country By Unit The Net Deferred Tax Assets Liability report nets the temporary amp NOL differences by jurisdiction and displays the ending deferred balances into their current and non current designation The report considers the Current and Non Current balances separately It then nets all the units with common country designation made in the Administration tab in Manage Units gt Units If there are more than one Jurisdiction netting concepts in a country the user can create another country in the Administration tab in System Manage Countries Currencies eg if there are two UK netting
174. ent unit are referred to as Child units Currently the system does not permit multiple tiered filing groups Apportionment Pcts e Designate the apportionment percentages for this state and unit chosen in the control center e The State Apport will be applied to compute the apportioned current state taxable income e The Begin Apport will be applied to the beginning state temporary differences e The End Apport will be applied to the state ending temporary differences Tax Rates e Designate the tax rates for this state and unit chosen in the control center e The State Tax Rate will be applied to the apportioned current state taxable income e The Beginning Deferred Rate will be applied to the apportioned deferred state temporary differences e The Ending Deferred Rate will be applied to the apportioned deferred state temporary differences Federal Deductibility Rates e Designate the percentage of the state amounts that should be used to compute the federal benefit of state benefit The Current Deductible Rate will compute the percentage of the current federal benefit of state benefit e The Beginning Deferred Rate will compute the percentage of the beginning deferred federal benefit of state benefit e The Ending Deferred Rate will compute the percentage of the ending deferred federal benefit of state benefit Deferred Provision Only Adjustment e The adjustment to the deferred tax provision expense will be presented on t
175. entries made in the software are captured in the Audit Trail e The entries to the categories are tracked separately from the other data e Administrative users are able to view the audit trail details The View Audit Traill 391 and View Categories Audit Trail 491 can be found in the Administration tab in System section e The filters at the top of the audit trail screens allow the data to be filtered Since there can be a significant number of entries be sure the filter is narrow data so that it can be generated in a reasonable amount of time e The audit trail can be printed by right mouse clicking and choosing the Export to Excel option This will generate a file that can be printed Reporting Levels The reporting levels allow the data to be combine and displayed at different unit level views The four reporting levels are Unit Filing Group Sub Consolidated and Consolidated ONE SOURCETM Enterprise User Manual Chapter 1 Overview e Unit level will display reports based on the unit choice in the Control Center e Filing Group level will display reports based on the parent unit of the unit choice in the Control Center e Sub Consolidated level will display reports based on the subcon choice in the Control Center e Consolidated level will display reports based on all the units in the dataset Consolidated Reports all units in TaxStream r A M Filing Group eg Domestic un
176. ere are several methods to view the results of multiple datasets in a single view e When data is stored in more than one dataset the user has the ability to view those datasets using either a reporting dataset or by combining the data to create a new dataset Reporting Dataset Reporting datasets allow datasets to be joined so that the results can be viewed There are two types of reporting datasets a Sequential Reporting Dataset 227 and an Additive Reporting Dataset 221 A dataset can be included in multiple sequential and reporting datasets Reporting datasets are displayed in the dataset drop down after the other datasets Sequential datasets e Ideal when dataset information is on a quarter or monthly basis that needs to be viewed on a year to date or annual basis The reporting dataset can have as many datasets as necessary as long as they are in sequential order For example a sequential dataset could have 18 months to represent a year and a half s worth of information or 8 quarters to represent two years The functionality requires that the ending rates and balances in the first dataset agree to the next chronological dataset s beginning rates and balances Although not necessarily advised there is a parameter that can be turned on to override this check The rates and balances within each dataset are maintained and the reporting dataset displays the net impact of all the datasets in the reporting dataset e When a dataset i
177. erprise User Manual Chapter 3 Data Entry amp Review Journal Entries are defined in the Navigator under Data Review 43 gt Actual 7 Federal 7 gt Administration 7 in the Interim 1A tab e When Journal Entries st have been activated this area will allow for mappings to be configured The Journal Entries screen defines how amounts computed in the provision can flow to a journal entry reports The Journal Entry mappings are done on a unit by unit basis and can created in one unit and cloned to the other units via an import spreadsheet To import the Journal Entry Mappings complete the appropriate fields on the JES Journal Entries 8 JETAX JE Tax Calcs sheets in the Import Numbers Template Unit Details There are four sections on the Actual Unit Details screen PTBI Automation Taxes Per Book amp Misc The Unit Details screen defaults to show the PTBI section e Pre Tax Book Income Filing Groups amp Rate information is manage in the PTBI section under Data Review 431 Actual zz Federal zz Unit Details 721 in the Interim Z tab e To import information on the PTBI section complete the appropriate fields on the U Unit sheet in the Import Number Template Entry Fields Deactivate Unit Button e Found in the upper right hand corner of the screen clicking the button will delete the record te which will erase all information for this unit for the current dataset It will also delete all states t
178. et can be imported either on a separate basis or with other import spreadsheet sheets e Codes can not be left blank but cells for amounts can be left blank to ignore the cell Entering a 0 zero will override the amount e When there is duplicate data in an earlier row it will be overridden by the last row the import finds After the import is completed the user should review the Import Log to ensure that no errors occurred to restrict data from being imported There is a list of possible error codes 1871 and their causes available for reference Entry Fields 1 Choose the Target Dataset e The dataset name will default to the dataset chosen in the control center since that is where the dataset is determined To choose a different dataset change the dataset in the control center and the display will show the new dataset 2 Choose the format and file s of source spreadsheet e The first drop down allows the user to select TaxStream Format e The second drop down allows the user to identify where the import number spreadsheet template is saved More than one file can be added if appropriate 3 Update TaxStream e This step will process the data in the import spreadsheet and post it in the dataset Once the import is complete the import log 897 will display 4 Refresh Report Data Now optional e Refreshing the report data will re run all calculations to ensure that any information that is calculated will run be the most current
179. etails 441 Only displays at the Unit reporting level Discretes at Actual Rate Discretes pre Rate times the current unit tax rate s 41 After Tax Temp Differences Data Review Actual Federal AT Temp Diffs so Only amounts entered as Activity Deferred Only or Balance Sheet Only entries do not impact the current tax provision calculation Cash Tax Adjustments Data Review Actual Federal Tax Adel si Only cash items where the codes do NOT start with NC Cash Discretes Sum of Discretes at Actual Rate After Tax Temp Differences amp Cash Tax Adjustments Cash Provision Sum of PTBI at Forecast Rate and Cash Discretes Non Cash Tax Discretes Adjustments Data Review Actual Federal Tax Adjs s 1 Only non cash items where the codes start with NC Total Current Federal Provision Sum of Cash Provision amp Non Cash Tax Discrete Adjustments Begin Deferred Tax Per B S Deferred Balances vo report Total Beginning Balance column with the fed view option Bal Sheet Only Adjustment Data Review Actual Federal Temp Diffs 481 Amortized Temp Diffs 5 NOL Temp Diffs 5 times the appropriate rates 41 plus Data Review Actual Federal AT Temp Diffs 501 amp Amortized AT Temp Diffs 501 Only amounts entered as Balance Sheet Only entries do not impact the current tax provision calculation Ending Deferred Tax Per B S Deferred Balances 107 report Total Ending Balance column with the fed view option ONE
180. eter Hd dit tia Re ER ia 22 View Reporting Dataset Log 23 Interim Datasert ener ener e enn eere enne ener s ana sse amana 23 Manage Uhits voce cccccccccssssessseeeeeeeeeeeseseeeeeesssssseseeeauasaaasaaeesseeeeeess 24 lee ee dE 24 Dee aae Le 24 ONESOURCE Enterprise User Manual Contents Permanent Difterences nana nens enne nns 25 Temporary Differences nanma nimania namana ananuna namana neana 25 NOL Temporary iia 25 After Tax Temp DIffererTG8S rooted e rere oen a oer E Eee Eres Peo Pedido as 26 TAX AGHUSUME MUS iss 26 Intercompany TPANSACTIONS 0 0 eee cccccecesccescscssecessccseescsssecsseecsuesssecssssecesseceseeessesesseeeensees 26 Manage Trial Balance 26 Bin ia 26 Trial Balance Gubl ines 27 Manage Tax Basis Return sssssssse memes 2 Tax Basis Iset rm Mapping EE 27 Expor ua Aa EE 28 Import MAIN GE 28 MANAGE States E 28 SE 28 State After Tax Temp Dite cccccccccccsccssscccesscesseecssecessecesssecessecsseecssesesseeeceseecsseseseeeate 28 State After App lemp AE 29 State Tax Adlustmmente aaa aa akakana 29 MANAG Bri EE 29 Prec Tax OOK INCOME EE 29 TIX elle 30 ELEM he sieve deed Seege ee eeh 30 Temp Diff Achvlftv nawa nuna nimani nnn erre enn nennen enne nennen 3l ui ingedenigsksem o 31 Amortized Perm Diff s ccccccccccccccsccessccccssesesseccssccssesessseecssecessecessccsecesessecaesensesesesersseeeses 32 Amortized Temp Diff AcHhvifv enne nennen enne e
181. even if they are all going to one account the legs or components of the journal entry need to b entered at the lower level Types of Data The user can configure the different components of the provision Standard current and deferred tax impact of the provision Impact of Equity Items both on an income statement and balance sheet One off items that occur impact of RTP FIN 48 etc Impact of amount provided ONESOURCE Enterprise User Manual Chapter 4 Functionality for in a previous quarter in the payable or deferred tax asset liability Unit by Unit Some units can be set up at a granular level and others can be at a topside Units that are part of a filing group may be booked on the parent or on the unit JE will be generated for both Federal vs State The samples only show the mappings for the Federal amounts but the same mapping can be done for the state amounts The configuration is determined on a Unit by Unit basis in Data Review section under the Unit Administration in a screen called Journal Entries The established configuration can be created once and imported across all units Each Unit must be configured for their JE but it can be imported using the Numbers Import Template with the following sheets JES Journal Entries JETAX JE Tax Calcs 8 JEGL JE GL Calcs JE Data Entry Setup Screen e Code amp Description Each JE line is defined by a user defined Code and Description The Code and Description will disp
182. ew Unit Unit Details PTBI Ai Perm Diffs includable for State Data Review Unit Perm Diffs 471 amp InterCo Txns s where includable status 171is yes e Modifications Data Review State State Perm Diffs ei e Temp Diffs includable for State Data Review Unit Temp Diffs 481 amp Amortized Temp Diffs 50 where includable status 171is yes Only amounts entered as Activity Deferred Only or Balance Sheet Only entries do not impact the current tax provision calculation Temporary Difference Adjustments Data Review State State Temp Diffs 57 Only amounts entered as Activity Deferred Only or Balance Sheet Only entries do not impact the current tax provision calculation Allocable Income Sum of Pre Tax Book Income Perm Diffs includable for State Modifications Temp Diffs includable for State amp Temporary Difference Adjustments lines State Apportionment 96 Data Review State State Details se Only displayed at the Unit level To see this line in the consolidated or sub consolidated level choose unit breakout Apportioned Income Pre NOL Allocable Income line times State Apportionment 96 line e NOLs Data Review State State After App Temp Diffs se Apportioned Income Sum of Apportioned Income Pre NOL amp NOLs lines State Tax Rate Data Review State State Details 55 Only displayed at the Unit level To see this line in the consolidated or sub consolidated level choose unit breakout Tax B
183. ew Screens The report in the Provision tab displays an overview of the different elements of the tax provision broken out for foreign and domestic entities for the selected dataset unit or sub consolidation selected in the Control Center The supporting detail for the calculations can be seen in detailed on separate reports Provision Items e Total Tax Provision e Effective Tax Rate Report Views e Defaults to a domestic federal amp domestic state and foreign federal amp foreign state view of the report Line By Line e Depending on the Unit s Domestic or Foreign designation 241 the data about the unit will display either in the top two sections or the lower two sections e Current Tax Provision Report 98 Total Current Federal Provision or State Summary ab Provision Summary 126 State Current Tax Provision line in the Provision tab Interim Provision Report Total Current Federal Provision line or State Summary 124 Provision Summary 126 State Current Tax Provision line in the Interim tab e Deferred Tax Provision Report og Deferred Tax Provision or State Summary 1241 Provision Summary 126 State Deferred Tax Provision line in the Provision tab Interim Provision Report 29 Deferred Tax Provision line or State Summary h2 Provision Summary 125 State Deferred Tax Provision line in the Interim tab e Equity Tax Provision Report 9 Equity Adjustment or State Summary ab Provision Summary 126 State E
184. ewed using Rollup 191 codes at the Filing Group Federal reporting level or in the report named Temp Diff Summary Fed Filing Group at a consolidated and sub consolidated level Provision Items e Deferred Tax Asset Liability Report Views e Defaults to the By Unit and Federal State views of the report e By Unit view will display the balances sub totalled by unit and can be segregated by federal federal amp state or state balances e By Deferred view will display the balances sub totalled by temporary difference code and can be segregated by federal federal amp state or state balances e By Sub Totals view will insert two columns that will sub total the asset amp liability columns to their current or non current status Line By Line e Temporary Differences Data Review Federal State gt Temp Diffs 4s Amortized Temp Diffs 50 State Temp Diffs 571 amp State After App Temp Diffs s1in the Provision tab Data Review Actual Federal State gt Temp Diffs 751 State Temp Diffs 821 amp State After App Temp Diffs eZ in the Interim tab e NOL Reclass Data Review gt Federal gt NOL Temp Diffs s in the Provision tab Data Review Actual Federal NOL Temp Diffs 77 in the Interim tab e After Tax Temp Differences Data Review Federal State gt AT Temp Diffs sg Amortized AT Temp Diffs 507 amp State After Tax Temp Diffs sein the Provision tab Data Review Actual Federal State gt AT Temp Diffs 751 amp State Af
185. fault value of zero AMT Automation Taxes Per The automation will compute the Alternative Minimum Tax and post an amount for the additional amount of tax liability that should be added to the Regular Tax There are two approaches to the Alternative Minimum Tax eg Reporting Currency New and Local Currency Original The AMT Adjustments pre and or post tax as well as the AMT Tax Rate that should be used in calculations should be entered for both approaches When the Reporting Currency basis is chosen there is also the option to enter the AMT Net Operating Loss Carryover amount Book e Taxes Per Books are entered in the Taxes Per Book section under Data Review 43 gt Unit az Unit Details 41in the Provision 12 tab e The accounts can be used for the journal entry l15 reports by comparing the balances and the provision calculations to arrive at the appropriate journal entries required to be posted for the period e To import taxes per book information complete the appropriate fields on the ZUZ Unit sheet in the Import Number Template Entry Fields Federal amp State Current Provision Amounts on Trial Balance for the current provision tax expense Federal amp State Deferred Provision Amounts on Trial Balance for the deferred provision tax expense Federal amp State Deferred Balances Amounts on Trial Balance for the deferred tax assets amp liabilities Federal amp State Liability Balances
186. ference of the unit current tax rate and the group rate is multiplied by the pre tax book income and permanent differences to arrive at an adjustment to account for the unit rates being different than statutory e Permanent Differences Data Review Actual Federal Perm Diffs 74 amp InterCo Txns 781 Temporary Differences Data Review Actual Federal Temp Ditts zs Only amounts entered as Deferred Only or when there was a change in the deferred tax rate NOLs Data Review Actual Federal NOL Temp Diffs 77 Only amounts entered as Deferred Only or when there was a change in the deferred tax rate Cash Tax Adjustments Data Review Actual Federal Tax Adis 7 e After Tax Temp Differences Data Review Actual Federal AT Temp Diffs ze Only amounts entered as Deferred Only Deferred Provision Only Adj Data Review gt Unit Details Actual Federal PTBI 72 Column By Column Effect of Rates Different than Statutory Accommodates for differences in the current tax rates in that unit s Unit Details screen to the group tax rate defined by the dataset in Administration gt Manage Datasets If a unit s current tax rate is different than the group rate then the impact the difference of the unit s current tax rate and the group rate is multiplied by the unit s pre tax book income and permanent differences to accommodate for rates different than statutory Effect Deferred Rate Changes Provides for the impact
187. ferred only adjustment or any Deferred Only Adjustments entered in the Temporary Differences NOL Temporary Differences or After Tax Temporary Differences data review Screens Effective Tax Rate Interim The report in the Interim tab displays an overview of the reconciliation going from each component 18 at the group rate 21 gt designated for the dataset and the effective tax rate calculated in the FAS 109 provision calculation 101 The supporting detail for some calculations can be seen in this report while the underlying support for other items are detailed on separate reports There are parameters 94 that may change the view of this report Provision Items Total Tax Provision Effective Tax Rate Report Views Defaults to the summary and contracted views of the report Rollups 194 are user defined groupings that allows the detail level component data to be consolidated to be rolled up to a higher level Creating and managing rollups 4 for the report are done in the Administration tab For example a Rollup may assist in generating the footnote while another may explain the results for management reporting The detail view option will display the underlying detail by either the rollup code chosen or the default rollup by component type The expanded view will display additional columns for the pre tax amount the effect of rates different than statutory rate changes from period to period and any deferred only adjustments th
188. fi la TT pU AR ONESOURCE M IAXSIREAM PROVISION Enterprise User Manual 5 0 58 ONESOURCE THOMSONREUTERS COM SC 2 THOMSON REUTERS ONESOURCE Enterprise User Table of Contents Manual Contents Overview 5 0 58 Release 9 Chapter 1 Overview 10 Overview of FAS 109 Calculattons 10 User Interfaces ccececccceceseccccecseccececseeeceeeseccesetseeeeestaeeeettteeeesens TI Mend EE 12 Function E EE 12 Sania COS AA WAA EE 13 NAVIGAatoN nn 14 TaxStream EE 15 et 15 System Codes www mana maniwwu enses sss sss esse ss nns 15 ALAS EE 15 FRE OO HUI WI EE 15 IA E 15 Sub Consolidations wwwwwwmmwwwnmnnamwazawim wawe 16 lite We OUD EE 16 FT AC NEE 16 Manage Attachments wwmmnwwwwwwwwwwnnanaaaanamumimumumwwwwwwwwwww nama sess seis 16 Records Unit State wwwwamewawamawamanewwwiw mmama 16 Irielude for E E 17 Current NOM GUIPENE E 17 RE S ELC GIN Ua 17 Peal AIMS awa 17 Ciel GR RTE 17 IRepotitg EE 17 E dl 18 Deferred Rollforward wwwwwmwwwimanwwawanawawiwi wima wwwwwww 18 RA GOO SS iia 19 lol eet 19 He 19 SUPPO WAAMA IDA ONERE NOR E A RNC AAA AAA 20 Chapter 2 Categories Set up 21 Administration 21 Manage DataSets mwi mwnawwnwwwwmiawana 21 VAS E EE EE e 21 EO ALAS EE 22 Sedg ential Reporting Datasets rentrer eene temere ER eaten abren Eana 22 Additive Reporting Datasets tenete
189. filtered and sub totalled by Transaction Types e State Only will display payable entries in the State or user defined Jurisdiction section e The Txn Types Totals will display the payable data by Transaction Types e The Txn Types Unit Breakout will display the payable data by Transaction Types broken out by Unit The Txn Types Totals will display the payable data by Transaction Types broken out by Current year and Prior year The Txn Types Totals will display the payable data by Transaction Types broken out by Current year and Prior year broken out by Unit The Txn Types Totals will display the payable data by Transaction Types broken out by Current year and Prior year broken out by Bucket Line By Line Beginning Balances Amounts in the Payable Entry 53 screen for years before the dataset year Transaction Amounts by Rollup Each payable transaction 341 has an assigned payable rollup 3 and the amounts are filtered and sub totalled by rollup code Ending Balances Sum of Beginning Balances amp Transaction Amounts by Rollup Current Year amp Prior Years Depending on the view of the report either be a Total for current amp prior years or broken out with the Current Year s data on the top and the Prior Year s data on the bottom of the report Column By Column Totals All the entries made in Payable Entry 5 screen for the Unit Sub Consolidation or Consolidation chosen in the Control Center Unit Breakout The Payable Entry 53 amou
190. filters 18 must be used Administrators can also launch the TS Database Analyzer at the category level in the Administration tab under Administration System TS Database Analyzer 391 Data Export The data entered for a dataset can be exported to an Excel file The data is exported to a file that can be imported eg back into the originating dataset or a different dataset An export of the dataset can be stored as a backup of the data as a security measure To ensure that the file can be restored be sure to export the categories 41 as well Export Spreadsheet Numbers e The dataset information can be exported to a Onesource Taxstream Provision Format Import Numbers Template This functionality will generate a file with multiple sheets U Unit 43 UQ Unit Questions vr UPD Unit Perm Diffs 25 UNOLTD Unit NOL Temp Diffs 521 UTD Unit Temp Diffs 48 UATTD U AfterTax TempDffs a UTA Unit Tax Adjs s UTBBS Unit Tax Basis BalSheet 54 ULB Unit Liability Begin Bals 55 UTDAM Unit Temp Diff Amort 491 UPDAM Unit Perm Diff Amort 471 UATTDAM Unit AfterTaxTD Amort 5o FL Fed Liability Txns 53 ICOTXNS Inter Co Txns si DSFX FX Rates S States 5s SPM State Perm Mods 7 STD St Temp Diff Adjs 571 SAATD St AfterApp TempDiffl se SATTD St AfterTax TempDiff TempDiffl a STA Stat STA State Tax Adjs 601 J Jurisdictions 431 USDSP USDS Params 57 UDSP UDS Params 441 DP Datasets Params 431
191. fore NOL Reclass Tax Provision Report 9 Federal Taxable Income ONE GOURCEIM Enterprise User Manual Chapter 3 Data Entry amp Review Pre NOL line e AMT Pre Tax Adjustments Unit Details AMT Automation 41 AMT Adjustments AMTI Alternative Minimum Taxable Income Sum of Taxable Income Before NOL Reclass amp AMT Pre Tax Adjustments AMT Tax Rate or max Unit Details AMT Automation 457 AMT Tax Rate AMT Tax Pre Credits AMTI times AMT Tax Rate AMT Credits Unit Details AMT Automation 451 AMT After Tax Adjustments AMT Tax Sum of AMT Tax Pre Credits amp AMT Credits Cash Provision Before NOL AMT Reclass Tax Provision Report 981 Cash Provision line minus the NOL Reclass and any AMT reclass in After Tax Temporary Difference line AMT Reclass If AMT Tax line is greater than the Cash Provision Before NOL AMT Reclass line then the difference is recorded It will be posted to both the tax provision as a tax adjustment increasing the provision and as a reclass to an After Tax Temporary Difference Column By Column Single column displays the calculation for the unit of filing group Reporting Currency Approach Line By Line Regular Tax Calculations Federal Tax Current Tax Provision Report 98 Federal Tax Current Federal FTC Tax Provision Report 981 Cash Tax Adjustments Reclass to FTC C O Tax Provision Report 9 After Tax Temp Diffs identified with Dataset Parameter 185i with FATTD_ Prefix
192. formation is manage in the State Payable Entry section under Data Review 43 gt State 55 State Details ee In the Provision 12 tabs e The payable functionality is activated with a system parameter 1 e Automatic posting from the calculated provision to the payable can be activated with a dataset parameter 171 e To maximize the payable functionality ensure that the payable set up 4 iis done to reflect the activity in the taxes payable account To import information on the State Payable Entry section complete the appropriate fields on the SL State Liability Txns sheet in the Import Number Template Entry Fields Fiscal Year e The fiscal year should be the year that the payable entry relates to Jurisdiction e The jurisdiction will default to the state chosen in the control center Txn Type e The choices displayed are established by an Administrator for the transaction types 34 Txn Bucket e The choices displayed are established by an Administrator for the transaction buckets Ep Src e The Src tagl 16 letter is used to identify each line entered to the originating source Amount e Negative amounts will increase and positive amounts will reduce the taxable payable account The amounts should be entered in local currency Date ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review e The choices in the drop down will be limited to dates within the dataset year Dates for other years can b
193. formation on the Perm Diffs section complete the appropriate fields on the UPD Unit Perm Diffs sheet in the Import Number Template Entry Fields Code amp Description e The code 15 amp description are established by an Administrator for the permanent difference Adj Type e The type P type will result in a current tax provision expense offset in the payable account The result will be an impact the overall effective tax rate e The type E type will result in a current tax provision expense offset in the payable account as well as an equity contra expense that is offset in an equity account This will result in no impact to the overall effective tax rate Src e The Src tag 16 letter is used to identify each line entered to the originating source Amount e Positive amounts will increase and negative amounts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Temp Diffs Temporary difference information is manage in the Temp Diff section under Data Review 43 gt Actual az Federal zc Unit Details 72in the Interim 2 tab The temporary differences section has three entry columns The Activity Deferred and Balance Sheet Only column amounts will impact the tax provision 18 amp differently Each temporary difference l
194. from the prior dataset 151 Activity e Activity will Impact wb the current and deferred provision as well as the deferred balances e Positive amounts will increase and negative amounts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency Deferred e Deferred will impact 1s amp the deferred provision only as well as the deferred balances e Typically this entry type is used for the impact of valuation allowances or adjustments to prior year balances Balance Sheet Only e Balance will only impact 18 amp the deferred balances e Typically this entry type is used for the impact of equity or other comprehensive income items State After Tax Temp Diffs e State after tax temporary difference information is manage in the State After Tax Temp Diff section under Data Review 43 gt Forecast 61 gt Statel 55 gt State Details ss in the Interim d tabs e The state after apportionment temporary differences section has three entry columns The Activity Deferred and Balance Sheet Only column amounts will impact the tax provision 185 differently e Enter temporary differences that are applicable for state and not recognized for federal purposes e To import information on the State After Tax Temp Diffs section complete the appropriate fields on the SATTD St AfterTax TempDiff sheet in the Import Number Template
195. g FX Rate The specified Weighted Average Foreign Exchange Rate for the unit for the period covered by the dataset The rate should be entered using the ratio of what 1 unit of the reporting currency would equal in the local currency The Weighted Average Foreign Exchange Rate is used to convert entries for the unit that have an Income Statement provision impact Users can enter 1 if the local and reporting currency are the same Unit Tax Rates The current and deferred tax rates for the specified unit will be used for all unit specific reports and will be taken into account for FBOS calculations when working with state data If the Beginning and Ending Deferred Tax Rates differ for a unit the system will automatically calculate any necessary change in rate adjustment on the beginning temporary difference balances The support for the calculated adjustment is displayed in the deferred balances report as a separate column If the Current Tax Rate and the Ending Deferred Tax Rate differ for the unit the system will automatically calculate the necessary impact of the rate difference for activity entered for temporary differences The impact of the rate difference can be viewed in the Effective Tax Rate report Deferred FX Rates In the Beginning and Ending entry fields users should enter the specific Beginning and Ending Spot Foreign Exchange Rate for the unit for the period covered by the dataset The rate should be entered using the ratio of what 1
196. g of the cumulative temporary differences to the trial balance accounts e The upper section of the screen that is labeled Income Statement and the input for Sch L are used for Export to Return 17h functionality and can be ignored when mapping the Tax Basis Balance Sheet Each cumulative temporary difference can only be mapped to one trial balance subline 27 so it may be necessary to create additional sublines 271to map all the cumulative temporary differences properly The system will present the cumulative temporary s beginning balance and the activity that ONESOURCE Enterprise User Manual Chapter 4 Functionality occurred during the period TBBS Reports Tax Basis Balance Sheet Reports can be reviewed at different levels Summary vs detail amp Contract vs Expand The Summary view displays the trial balance lines and the Detail view displays the trial balance sub lines The Contract view displays the total amounts per activity and the Expand view displays the temporary difference activity Audit Financials Book Amounts will be traceable for the Book general ledger tax asset liabilities equity adjustments balances and the Tax Deferred Assets and Liabilities Data Detail the balances are tracked on unit by unit basis but reports are available on a separate company consolidated or sub consolidated basis Currency Reports can be displayed in either Reporting or Local country currency Multi Dataset Results e Th
197. gnate the apportionment percentages for this state and unit chosen in the control center e The State Apport will be applied to compute the apportioned current state taxable income e The Begin Apport will be applied to the beginning state temporary differences e The End Apport will be applied to the state ending temporary differences Tax Rates e Designate the tax rates for this state and unit chosen in the control center e The State Tax Rate will be applied to the apportioned current state taxable income e The Beginning Deferred Rate will be applied to the apportioned deferred state temporary differences e The Ending Deferred Rate will be applied to the apportioned deferred state temporary differences Federal Deductibility Rates e Designate the percentage of the state amounts that should be used to compute the federal benefit of state benefit The Current Deductible Rate will compute the percentage of the current federal benefit of state benefit e The Beginning Deferred Rate will compute the percentage of the beginning deferred federal benefit of state benefit e The Ending Deferred Rate will compute the percentage of the ending deferred federal benefit of state benefit Deferred Provision Only Adjustment e The adjustment to the deferred tax provision expense will be presented on the tax provision report as a separate line item and will impact the Effective Tax Rate The deferred expense amount will not have a related
198. gregate on separate lines of the Tax Provision report e To import information on the Tax Adjs section complete the appropriate fields on the UTA Unit Tax Adjs sheet in the Import Number Template Entry Fields Code amp Description e The code 1518 description are established by an Administrator for the tax adjustments 26 ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review e Entries with codes beginning with NC_ will designate the tax adjustment as a non cash tax adjustment Adjustment e Positive amounts will increase and negative amounts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency NOL Temp Diffs e NOL temporary difference information is manage in the NOL Temp Diff section under Data Review 43 gt Unit 4 in the Provision 127 amp Estimated Payment 121 tabs e The NOL temporary differences section has three entry columns The Activity Deferred and Balance Sheet Only column amounts will impact the tax provision 188 differently Each NOL temporary difference line will default to being tax effected using the unit rate The beginning and ending unit rate can be overridden on a line by line basis If only the beginning or ending rate is being overridden the user must still populate the field for the other rate or it will default to a zero rate e The NOL temporary differe
199. h sheet have specific meanings e The Rolling Pin must produce spreadsheets that can be imported directly into Enterprise Rolling Pin Annotations amp Markers e The Rolling Pin looks for special values in the spreadsheet to understand what s in the rows columns e Consider the sim impl XYZ 2 Corp Total Perm 1 M amp E L 9 femme 0 5 w L 1 The special values or annotations go in marker rows and columns Specify marker row with mark in 1st column Specify marker column with mark in 1st row The unit annotations indicate that there is unit information in columns 2 3 and 4 The perm annotations indicate that rows 3 and 4 contain permanent differences values The Rolling Pin could process the sheet and use the annotations to produce an import numbers UP spreadsheet e The macro iterates through each row and column building the list of permanent difference amounts in the format required by the standard import numbers UP sheet format Rolling Pin Category Codes e Unit code is read from row annotated by ucode e Perm code is read from column annotated by code e Full set of annotations and markers to produce the import categories UPD are Pre Tax Inc We E ed E EIE es 200 300 400 Pem mae 10 20 30 Pem2 Fes o s o Temp tooo so o 30 jaf eon f ees f ao Taxmae 35 s5 12 cr smak Er EE EP Een Rolling P
200. hanged amount The report can be exported to Excel by right mouse clicking on the report and choosing Export to Excel Each change will have the following columns of detail Transaction Type Component Type Dataset Component Type Field Unit Original Value Unit Changed Value State User Component Code Tag Code Date Although it is not advised the audit trail can be truncated eto clear historical data Entry Fields View By e Username Defaults to all users but any single user can be chosen from the drop down Component Defaults to all components but can be any single component 19 type can be chosen from the drop down Dataset Defaults to all datasets but can be any single dataset can be chosen from the drop down Unit Defaults to all units but can be any single unit can be chosen from the drop down State Defaults to all states but can be any single state can be chosen from the drop down e From Defaults to the current date but can be changed to any date by either entering or choosing the calendar drop down To Defaults to the current date but can be changed to any date by either entering or choosing the calendar drop down ONESOURCE Enterprise User Manual Chapter 2 Categories Set up View Categories Audit Trail The categories audit trail captures and displays all of the system configurations entered adjusted or deleted in the system e Each entry is identified by the user and given
201. hat have been populated for this unit for the dataset It will not affect any other unit in the dataset or the unit in any other dataset that the unit was included in Filing Unit e A filing unit allows the ability to group units The Filing Unit is considered the Parent unit and the units that are being grouped with the parent unit are referred to as Child units Currently the system does not permit multiple tiered filing groups All units with a common Filing Unit will be treated as a single entity when applying the automated NOL AMT and netting of assets and liabilities calculations Pre Tax Book Income e PTBI Data Entry Policy There are five options for entering Pre Tax Book Income which are determined by the data entry policy From the PTBI Data Entry Policy drop down menu choose the desired PTBI method 152 e Pre Tax Book Income Depending on the Data Policy either the Pre Tax Book Income Local and or Pre Tax Book Income USD will be editable If the field is grayed out that means that because of the Data Policy chosen is will be a computed amount Although the field is named Pre Tax Book Income USD this can also represent Pre Tax Book Income in a Reporting Currency other than US Dollar Wghtd Avg FX Rate The specified Weighted Average Foreign Exchange Rate for the unit for the period covered by the dataset The rate should be entered using the ratio of what 1 unit of the reporting currency would equal in the local currency
202. he tax provision report as a separate line item and will impact the Effective Tax Rate The deferred expense amount will not have a related deferred tax asset or liability associated with it e Be sure that you use this field appropriately as it may require additional support to justify the expense on the provision Perm Diffs e State permanent difference information is manage in the State Perm Diffs section under Data Review 43 gt Forecast 6 gt State ss State Details 557 in the Interim 12 tab e There are two types of permanent differences Equity Adjustments and P amp L Adjustments The user can choose the appropriate type to achieve the desired provision effect e Enter permanent differences that are applicable for state and not recognized for federal purposes e To import information on the State Perm Diffs section complete the appropriate fields on the SPM State Perm Mods sheet in the Import Number Template Entry Fields Code Description e The code 151 amp description are established by an Administrator for the permanent difference 251 Type e The type P type will result in a current tax provision expense offset in the payable account The result will be an impact the overall effective tax rate e The type E type will result in a current tax provision expense offset in the payable account as well as an equity contra expense that is offset in an equity account This will result in no impact to the overall effec
203. heet Only entries do not impact the ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review current tax provision calculation Allocable Income Sum of Adjusted Federal Taxable Income Modifications amp Temporary Difference Adjustments lines State Apportionment 96 Data Review State State Details se Only displayed at the Unit level To see this line in the consolidated or sub consolidated level choose unit breakout Apportioned Income Pre NOL Allocable Income line times State Apportionment 96 line e NOLs Data Review State State After App Temp Diffs se e Apportioned Income Sum of Apportioned Income Pre NOL amp NOLs lines State Tax Rate Data Review State State Details 55 Only displayed at the Unit level To see this line in the consolidated or sub consolidated level choose unit breakout Tax Before Credits Apportioned Income line times the current State Tax Rate line After Tax State Temp Differences Data Review State State After Tax Temp Diffs 594 Only amounts entered as Activity Deferred Only or Balance Sheet Only entries do not impact the current tax provision calculation Cash Tax Adjustments Data Review State State Tax Adjs e Only cash items where the codes do NOT start with NC Cash Provision Sum of Federal Tax Tax Before Credits After Tax State Temp Differences amp Cash Tax Adjustments Non Cash Tax Adjustments Data Review State State Tax Adls eg Onl
204. here are two Types of temporary differences balances Current and Non Current 171 Choose the Type that best relates to the balance sheet account where the deferred tax asset or liability should be represented ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Src e The Src tag 1 letter is used to identify each line entered to the originating source Beginning Balance e The cumulative temporary difference balance will rollforward from the prior dataset 151 Activity e Activity will Impact w the current and deferred provision as well as the deferred balances e Positive amounts will increase and negative amounts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency Deferred e Deferred will impact s amp i the deferred provision only as well as the deferred balances e Typically this entry type is used for the impact of valuation allowances or adjustments to prior year balances Balance Sheet Only e Balance will only impact 188 the deferred balances e Typically this entry type is used for the impact of equity or other comprehensive income items State Tax Adjs e State tax adjustment information is manage in the State Tax Adjs section under Data Review 43 Actual 71 gt State 7 gt State Tax Adjs amp in the Interim 2 tab e State tax adjustments can be thought of as a post t
205. his functionality is activated by a system parameter 361 e Administrative users are responsible for creating and maintaining sub consolidations 241 Filing Group A filing group allows the attributes of a child unit to roll up to a parent unit e Inthe Unit Details and State Details the unit can remain a parent unit or it can be designated as a child of another parent unit By being the child of a parent the child s automation choices and resulting attributes will transfer to the parent e There are filing group specific reports to show the results of the relationship with other units Tag Letters Tag letters allow the user to designate data as originating from a specific source e Tags are often also referred to as Source Tags or Src Codes e Any letter of the alphabet can be assigned a description and used The letter A is used by the system for automation so we suggest not changing the purpose of that tag since it could lead to misleading results e The Administrator can assign a tag name zg to any letter so that it will appear in the drop down of a data entry screens e A tag letter can also be determined to identify imported data and bridged data e The Deferred Balance report can be configured in the Managed Deferred Rollforward 18 section so that the activity displays in different user defined columns Manage Attachments Data can be supported by attaching documentation files to the entries for book tax differ
206. ields on the SATTD St AfterTax TempDiff sheet in the Import Number Template Entry Fields Code amp Description e The codel 1518 description are established by an Administrator for the state after tax temporary difference 281 C NC e There are two Types of temporary differences balances Current and Non Current 17 Choose the Type that best relates to the balance sheet account where the deferred tax asset or liability should be represented Src e The Src tagli letter is used to identify each line entered to the originating source Beginning Balance e The cumulative temporary difference balance will rollforward from the prior dataset 151 Activity e Activity will impact wb the current and deferred provision as well as the deferred balances e Positive amounts will increase and negative amounts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency Deferred e Deferred will impact 1s amp the deferred provision only as well as the deferred balances e Typically this entry type is used for the impact of valuation allowances or adjustments to prior year balances Balance Sheet Only e Balance will only impact ap the deferred balances e Typically this entry type is used for the impact of equity or other comprehensive income items ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Rev
207. iew State Tax Adjs e State tax adjustment information is manage in the State Tax Adjs section under Data Review 43 gt State 55 State Details sg in the Provision 1218 Estimated Payment 121 tabs e State tax adjustments can be thought of as a post tax state permanent difference There are two types of Tax Adjustments depending on the code Non Cash Tax Adjustments have a code that begins with NC_ and Cash Tax Adjustments do not The cash provision is the amount of current tax liability that is expected to be represented on the tax return The non cash provision is any current taxes that should be accrued for prior years or for amounts that are not represented on the tax return The Cash and Non Cash are segregate on separate lines of the Tax Provision report To import information on the State Tax Adjs section complete the appropriate fields on the STA State Tax Adjs sheet in the Import Number Template Entry Fields Code amp Description e The code 15 amp description are established by an Administrator for the state tax adjustments z9 e Entries with codes beginning with NC will designate the tax adjustment as a non cash tax adjustment Adjustment e Positive amounts will increase and negative amounts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency State Payable Entry e State payable entry in
208. iew 42 gt Unit 431in the Provision 127 amp Estimated Payment 12 tabs e There are two types of permanent differences Equity Adjustments and P amp L Adjustments The user can choose the appropriate type to achieve the desired provision effect e To import information on the Perm Diffs section complete the appropriate fields on the UPD Unit Perm Diffs sheet in the Import Number Template Entry Fields Code amp Description e The code 151 amp description are established by an Administrator for the permanent difference 251 Adj Type e The type P type will result in a current tax provision expense offset in the payable account The result will be an impact the overall effective tax rate e The type E type will result in a current tax provision expense offset in the payable account as well as an equity contra expense that is offset in an equity account This will result in no impact to the overall effective tax rate Src e The Src tagli letter is used to identify each line entered to the originating source Amount e Positive amounts will increase and negative amounts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency Amortized Perm Diffs e Amortized permanent difference information is manage in the Amortized Perm Diffs section under Data Review 43 gt Unit 431 in the Provision 127 amp Estimated Payment
209. iff TaxStream Federal Deferred Balances wor Book Federal Deferred Balances Taxes Per Book 461 8 Federal Def Bal Diff difference between TaxStream and Book State Curr Prov Diff TaxStream State Current Tax Provision 98 Book State Current Provision Taxes Per Book 48 amp State Curr Prov Diff difference between TaxStream and Book State Def Prov Diff TaxStream State Deferred Tax Provision og 1 Book State Deferred Provision Taxes Per Book 48 8 State Def Prov Diff difference between TaxStream and Book State Def Bal Diff TaxStream State Deferred Balances wo Book State Deferred Provision Taxes Per Book 28 1 amp State Def Bal Diff difference between TaxStream and Book Federal Liability Bal Diff TaxStream Federal Payable Entry 53 for entries with a years prior to the dataset year Book Federal Liability Taxes Per Book 461 amp Federal Liability Bal Diff difference between TaxStream and Book State Liability Bal Diff TaxStream State Payable Entry s3 for entries with a years prior to the dataset year Book State Liability Taxes Per Bock 461 amp State Liability Bal Diff difference between TaxStream and Book ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Attachments Review Report Reporting Levels Control Center Configurable Options Source Data Manage Attachments to Each Component Available Views The report displays a list of documents that were
210. ility tab e Users who previously used the Liability tab functionality and now wish to use the integrated dataset Payable functionality must first contact the support group 207 to ensure the data is properly migrated before the Payable functionality in the Provision tab is activated e f the Liability tab functionality was never used then no migration is necessary Payable Set up e The payable report can be configured with set up items in the Manage Payable 34 section of the Administration tab e Automatic posting 501 of the current cash provision can be activated on a dataset by dataset basis e The payable data entry defaults to limiting the user to only enter activity with dates within the dataset s period To allow users to enter items for any date the system parameter ei LIMIT PAYABLE DATES should be set to N Payable Reporting e There are two payable report types Payable Rollforward up and Payable Detaillt Each will display the payable information in different format and have various views to further adjust the report s format Exchange Rates e All amounts entered in the Payable should be in Local Currency e The Payable Entry screen allows for the weighted average FX rate to be entered on a transaction by transaction basis Automatic Postings are pre populated with the Unit s weighted average FX rate but can be modified e The CTA is computed on a transaction by transaction basis using the transaction s weighted ave
211. in Extra Features e Flip the sign of a row of values e Add f to the end of a marker that extracts numeric values in the opposite sign converting 100 to 100 and vice versa e ptbi f temp do f e Flip the sign of a whole unit ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review e Use unit f instead of unit Scrunch Macro Temporary Difference activity for a single deferred item is often split across many lines each with a different Tag for example Bridged activity tagged with Il Manual adjustments tagged with M Return to Provision adjustments tagged with R The result is that the deferred balance is spread across many of these lines and may not be necessary to be maintained going forward The Scrunch macro available at www taxstream net macros attempts to consolidate the activity by aggregating up these lines onto one line Scrunch Rules The macro will aggregate the following import numbers sheets e UTD Unit Temporary Differences e UATTD Unit After Tax Temp Differences e SATTD State After Tax Temp Differences Lines will be aggregated only if the line has e The same deferred code temp diff code and e The same current non current designation and e The same beginning and ending deferred tax rates Scrunch Results The aggregated line s data will be tagged with T if any one of the original lines was tagged with T If none of the lines have an T tag then the
212. in the Import Number Template Entry Fields Code amp Description e The code 1518 description are established by an Administrator for the after tax temporary difference 261 C NC e There are two Types of temporary differences balances Current and Non Current 17 Choose the Type that best relates to the balance sheet account where the deferred tax asset or liability should be represented Src e The Src tag 16 letter is used to identify each line entered to the originating source Beginning Balance e The cumulative after tax temporary difference balance will rollforward from the prior dataset 151 Activity e Activity will impact w the current and deferred provision as well as the deferred balances e Positive amounts will increase and negative amounts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency Deferred e Deferred will impact s amp the deferred provision only as well as the deferred balances e Typically this entry type is used for the impact of valuation allowances or adjustments to prior year balances Balance Sheet Only e Balance will only impact weg the deferred balances e Typically this entry type is used for the impact of equity or other comprehensive income items Amortized AT Temp Diffs e Amortized After Temporary difference information is manage in the Amortized AT Temp
213. in the State Tax Adjs section under Data Review 4 gt Forecast 6 gt State sr State Details 557 in the Interim 127 tabs e State tax adjustments can be thought of as a post tax state permanent difference e There are two types of Tax Adjustments depending on the code Non Cash Tax Adjustments have a code that begins with NC and Cash Tax Adjustments do not The cash provision is the amount of current tax liability that is expected to be represented on the tax return The non cash provision is any current taxes that should be accrued for prior years or for amounts that are not represented on the tax return The Cash and Non Cash are segregate on separate lines of the Tax Provision report e To import information on the State Tax Adjs section complete the appropriate fields on the STA State Tax Adjs sheet in the Import Number Template Entry Fields Code amp Description e The code 15 amp description are established by an Administrator for the state tax adjustments 29 e Entries with codes beginning with NC will designate the tax adjustment as a non cash tax adjustment Adjustment e Positive amounts will increase and negative amounts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Actual Q The Actual area will only be
214. ine will default to being tax effected using the unit rate The beginning and ending unit rate can be overridden on a line by line basis If only the beginning or ending rate is being overridden the user must still populate the field for the other rate or it will default to a zero rate Valuation Allowances 165 computed on Temporary Differences can be automated To import information on the Temp Diffs section complete the appropriate fields on the ZUTD Unit Temp Diffs sheet in the Import Number Template Entry Fields Code amp Description e The code 15 amp description are established by an Administrator for the temporary difference z5 C NC e There are two Types of temporary differences balances Current and Non Current 171 Choose the Type that best relates to the balance sheet account where the deferred tax asset or liability should be represented Src e The Src tag 16 letter is used to identify each line entered to the originating source Beginning Balance e The cumulative temporary difference balance will rollforward from the prior dataset 157 Activity e Activity will impact 1s amp the current and deferred provision as well as the deferred balances e Positive amounts will increase and negative amounts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency Deferred e Deferred will impacts the deferred p
215. inistrator for the transaction types 34 Txn Bucket e The choices displayed are established by an Administrator for the transaction buckets 341 Src e The Src tag 1 letter is used to identify each line entered to the originating source Amount e Negative amounts will increase and positive amounts will reduce the taxable payable account The amounts should be entered in local currency Date e The choices in the drop down will be limited to dates within the dataset year Dates for other years can be imported or a system parameter 91can be activated to remove the single year restriction FX e The weighted average rate on the date of the entry can be entered Description e Each entry line should be identified with a description InterCo Txn Entry e Intercompany transactions information is manage in the InterCo Txn Entry section under Data Review 43 gt Actual 7 gt Federal 7 gt Unit Details 7A in the Interim 12 tab e Transactions between units can be set up to account for the movement of tax amounts and the impact of the associated withholding tax treatment on the transactions e The entries can be entered on either the paying or receiving unit and will be posted as a permanent difference on the units e To import information on the InterCo Txn Entry section complete the appropriate fields on the ICOTXNS Inter Co Txns sheet in the Import Number Template Entry Fields Paying Receiving Unit e There can
216. ision Tab Administration e All aspects of the system set up are created and managed in this tab This tab is only displayed and is only accessible by a user with Administrative rights Help e Help options are described on this tab including the support website and support help desk information Control Center The Control Center filters the information to be displayed in the navigator 41 The choices made in the control center may also impact some of the entry screens available or report views The possible selection choices in the control center are Dataset e There are three types of datasets 5 The provision PROV datasets will only be available in the Provision tab s Control Center the compliance COMP datasets will only be available in the Estimated Payments tab s Control Center and the interim INTM datasets will only be available in the Interim tab s Control Center e The drop down will display a list of the datasets The list has all available datasets for the function tab that the user has been given permission to The datasets listed above the dashed line are single datasets and below the dashed lines are reporting datasets 151 e To choose a dataset click on the name that should be used to display data or view reports To search in the dataset list click on any dataset and use the keyboard to type the first characters in the name to have the list filter Quarter e The drop down will display a list of the quarters a
217. isplayed at the Unit level To see this line in the consolidated or sub consolidated level choose unit breakout Tax Before Credits Apportioned Income line times the current State Tax Rate line After Tax State Temp Differences Data Review State State After Tax Temp Diffs sg Only amounts entered as Activity Deferred Only or Balance Sheet Only entries do not impact the current tax provision calculation Cash Tax Adjustments Data Review State State Tax Adjs eo Only cash items where the codes do NOT start with NC Cash Provision Sum of Federal Tax Tax Before Credits After Tax State Temp Differences amp Cash Tax Adjustments Non Cash Tax Adjustments Data Review State State Tax Adjs 67 Only non cash items where the codes start with NC Current State Provision Sum of Cash Provision amp Non Cash Tax Adjustments State Estimated Payments Report The report in the Estimated Payment tab displays the quarterly estimated payment calculation There must be data in a Compliance dataset 211 and the Provision dataset can be copied to create the Compliance dataset with the final Provision data The Unit s to be included in the calculation must be designated as Included for Estimated Payment Calc 471 The information in the Tax Provision Estimated Payments h10 the configuration from jurisdiction management 43 and the dataset s 211 Data Range to generate the report data There are parameters 941that may change the view
218. its and Foreign Branch Single Unit mo German Ireland WI corporation pon xm ratlan Held a Led Currency All entries made in the software are considered at a local currency level e The entries are converted to reporting currency using the appropriate foreign exchange rates 1521 e Unit level reports can be displayed in either Local or Reporting currency by changing the currency in the Control Center Consolidated and Sub Consolidated level reports can be displayed in either Local or Reporting currency if all the units have the same assigned currency code 177 e A currency translation adjustment 1s2i will be automatically computed based on the entered foreign exchange rates for the unit and displayed on the appropriate reports Deferred Rollforward The expanded view of the Deferred Balances amp NOL Balances reports have user defined columns that data can be mapped to e Each of three types of deferred activity 188 can be mapped by tag letter 16 to a column in the Deferred Balance amp NOL Balances reports e There are up to 26 user defined columns and users can use as many or as few as necessary e Administrative users are responsible for creating and maintaining the Manage Deferred Rollforward 35 amp Manage NOL Rollforwards 357 ONE SOURCETM Enterprise User Manual Chapter 1 Overview Rollup Codes Certain Provision Activity can be mapped to rolled up to user defined grouping lines on the
219. ity Deferred Only or Balance Sheet Only entries do not impact the current tax provision calculation Cash Tax Adjustments Data Review State State Tax Adjs eo Only cash items where the codes do NOT start with NC Cash Provision Sum of Tax Before Credits After Tax State Temp Differences amp Cash Tax Adjustments Non Cash Tax Adjustments Data Review State State Tax Adjs 67 Only non cash items where the codes start with NC Current State Provision Sum of Cash Provision amp Non Cash Tax Adjustments Begin Deferred Tax Per B S Deferred Balances won report Total Beginning Balance column with the state view option Bal Sheet Only Adjustment Data Review Federal Temp Diffs 48 Amortized Temp Diffs so NOL Temp Diffs 52 plus Data Review State State Temp Diffs 57 times the appropriate EE and apportionment 96 plus Data Review State State After App Temp Diffs se times the appropriate rates 441 plus Data Review Federal AT Temp Diffs 5018 Amortized AT Temp Diffs 50 plus Data Review State State After Tax Temp Diffs sg Only amounts entered as Balance Sheet Only entries do not impact the current tax provision calculation Ending Deferred Tax Per B S Deferred Balances o7i report Total Ending Balance column with the state view option CTA Deferred Balances 1o report Total CTA column with state or state fbos amp expanded i s view options Deferred Provision Only Data Review State State
220. ive amounts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency Deferred e Deferred will Impact s the deferred provision only as well as the deferred balances e Typically this entry type is used for the impact of valuation allowances or adjustments to prior year balances Balance Sheet Only e Balance will only impact 188 the deferred balances e Typically this entry type is used for the impact of equity or other comprehensive income items InterCo Txn Entry Intercompany transactions information is manage in the InterCo Txn Entry section under Data Review 43 Forecast Federal in the Interim 127 tabs Transactions between units can be set up to account for the movement of tax amounts and the impact of the associated withholding tax treatment on the transactions The entries can be entered on either the paying or receiving unit and will be posted as a permanent difference on the units To import information on the InterCo Txn Entry section complete the appropriate fields on the ICOTXNS Inter Co Txns sheet in the Import Number Template Entry Fields Paying Receiving Unit e There can be intercompany transactions between any two units 241 Txn Type e The choices displayed are established by an Administrator for the transaction types 26 ONESOURCE Enterprise User Manual Chapter 3 Data Entry a
221. justments ADJ Beginning Balance BBAL Cash EST Provision PRV Inter Year Reclass RCL Description Code Rollup Description Code Rollup Non Payment Adjustments Fed NPADJ F ADJ 1st Quarter Provision Federal PQ1 F PRV Non Payment Adjustments NPADJ ADJ 1st Quarter Provision PQ1 PRV Beginning Balance BBAL BBAL 2nd Quarter Provision Federal PQ2 F PRV 1st Quarter Estimate Federal 1ES F EST 2nd Quarter Provision PQ2 PRV 1st Quarter Estimate 1ES EST 3rd Quarter Provision Federal PQ3 F PRV 2nd Quarter Estimate Federal 2ES F EST 3rd Quarter Provision PQ3 PRV 2nd Quarter Estimate 2ES EST 4th Quarter Provision Federal PQ4 F PRV 3rd Quarter Estimate Federal 3ES F EST 4th Quarter Provision PQ4 PRV 3rd Quarter Estimate 3ES EST 6 Month Provision Federal PQ2YTD F PRV 4th Quarter Estimate Federal 4ES F EST 6 Month Provision PQ2YTD PRV 4th Quarter Estimate 4ES EST 9 Month Provision Federal PQ3YTD F PRV Audit Refund AREF EST 9 Month Provision PQ3YTD PRV Audit Settlement ASET EST Full Year Provision Federal PFY F PRV Federal Extension 1EXT F EST Full Year Provision PFY PRV State Extension 1EXT EST Payable Auto Posting Curr Prov CPROV PRV Income Return Federal INCR F EST Payable Auto Posting RTP RTP PRV Income Return INCR EST Payable Auto Posting ATR ATR PRV Settlement Federal SET F EST Payable Auto Posting Non Cash items OTHER PRV Refund REF EST Provision Adjustments Federal PADJ F PRV Settlement Federal SET F EST Provision Adjustment
222. lances using the Beginning and Ending Spot FX Rates e USD Change in the Deferred Balances Begin Activity Ending Local Currency Balance 100 000 10 000 110 000 Tax Rates Begin and End 35 40 Local currency tax effected 35 000 44 000 Beginning and Ending FXs 0 45 0 55 USD tax effected 77 778 80 000 Beginning DTA L Ending DTA L 2 222 e Deferred Expense in USD is translated from the Local Currency Activity using the Weighted FX Rates e USD Deferred Expense Begin Activity Ending Local Currency Balance 100 000 10 000 110 000 Tax Rates Begin and End 35 40 Local currency tax effected 35 000 44 000 Weighted Avg FX USD tax effected 70 000 88 000 Deferred Provision Expense 18 000 e Currency Translation Adjustment Computation e Adjusts the Weighted Average FX Impact and the Ending Spot FX Rate Beginning and Ending FX rate is consistent with Deferred Balances Report Beginning DTA L Ending DTA L 2 222 Change in DTA L balance 2 222 CTA to Adjust Spot FX to Plus CTA 1 5 778 Weighted Average FX Total Deferred Prov Expense 18 000 Currency translation at Weighted Avg FX rate ONESOURCE e Detail of the CTA Calculation Components Information for the Calculation Beginning Temporary Difference Balance Temporary Difference Activity Beginning FX Spot Rate Ending FX Spot Rate Enterprise User Manual 100 000 10 000 0 45 Current Tax Rate 37 0 55 Beginning Defer
223. lay a view pre load log and a preview of each area of data that was entered C1 Update TaxStream After the pre load log and the preview of the data have been confirmed as correct choose to Update the provision data with the bridged data Review the areas of bridged data PTBI local PTBI USD Tax Accounts Loaded raw balances Perms Temps Temps BSO Not Mapped Perms Amortized Temps Amortized and Tax Basis This data can later be reviewed in the Bridge Archives 3 Bridge Extract File The file extracted from the General Ledger system can either have 4 columns of data or 6 columns of data The format of the file can be either tab delimited or comma separated format The following are some things to keep in mind about the file e Tab delimited file format is preferred versus comma separated file format since a commas thousands separator which could be misinterpreted as a field delimiter Files saved from Excel will try to get around this problem by putting numbers in quotes ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review assuming that any commas in the quotes will not be treated as field delimiters SqlLdr will honor the Excel convention and BCP will not The system will not accept parentheses as notation for a negative value The user must ensure the extract contains minus signs at the beginning of negative numbers Example 859 621 should be shown as 859621 in the extrac
224. lay on the JE report Supplemental Information Each Journal Entry line can have up to 10 user defined Supplemental Information fields that will display on the Journal Entry Report allowing the user to provide the data needed for the JE to be entered in the accounting software Sample fields could include Posting GL Account Posting Sub Account Department Budget Code Currency Account Name JE Description JE number The Supplemental Information will display on the JE report GL Source and TaxStream Calcs Allow the configuration of the components of the journal entry Data and calculations can be configured to create the debit and credit lines making up the journal entry that will be booked for tax Factors convert the signs to achieve a debit credit format for the journal entry A valid journal entry requires that the debits and credits equal one another GL Sources Allows the user to map account balances from the Trial Balance data that has been populated in Onesource Taxstream Provision typically via the bridge Allows the user to consider amounts previously booked in tax accounts for prior quarters when the provision data is on a year to date basis Creates a journal entry for the incremental amount that needs to be booked TaxStream Calcs Allows the user to relate calculations or other data in Onesource Taxstream Provision to create a line item in the journal entry Federal and State Calculations and other data can be mapped as separate lines
225. ld be represented Src e The Src tagli letter is used to identify each line entered to the originating source Beginning Balance e The cumulative after tax temporary difference balance will rollforward from the prior dataset 157 Activity e Activity will impact 1s amp the current and deferred provision as well as the deferred balances e Positive amounts will increase and negative amounts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency Deferred e Deferred will impact s amp i the deferred provision only as well as the deferred balances e Typically this entry type is used for the impact of valuation allowances or adjustments to prior year balances Balance Sheet Only e Balance will only impact weg the deferred balances e Typically this entry type is used for the impact of equity or other comprehensive income items Tax Adjs e Tax adjustment information is manage in the Tax Adjs section under Data Review 41 gt Actual 71 Federall 7 Unit Details 72 in the Interim z tab e Tax adjustments can be thought of as a post tax permanent difference e There are two types of Tax Adjustments depending on the code Non Cash Tax Adjustments have a code that begins with NC and Cash Tax Adjustments do not The cash provision is the amount of current tax liability that is expected to be represented on the tax
226. lear all existing mappings If you appending to existing mappings you should export them and add to that file rather than using a new file Manage Payable Manage Payable Rollups 3 Manage Payable Txn Types 3 and Manage Payable Buckets a are created and managed in the Administration 127 tab in the Manage Payable section Manage Payable Txn Types e A payable transaction types can be added as needed under Manage Payable s4 in the Administration 124 tab e The system is pre populated payable transaction types 1791 e An existing payable transaction name and rollup can be modified e The BBAL and PRV codes should not be deleted and a payable transaction types that have a record 161in any dataset can not be deleted To import a new Payable Transaction Type complete the appropriate fields on the ZCPYTPZ Payable Types sheet in the Import Category Template Entry Fields Code amp Name e The transaction type code 151is user defined and can be any combination of alpha A numeric characters including spaces The transaction type name can be edited after it is created e The transaction type code amp name will be displayed in reports Manage Payable Rollups e A payable rollup can be added as needed under Manage Payable 347 in the Administration 12 tab e The system is pre populated with five codes BBAL Beginning Balance EST Cash PRV Provision RCL Inter Year Reclass and ADJ Adjustments The existing payable rollup s
227. lidated reports will detail the unit by unit breakout It will either display on the screen or export to an Excel file depending on the version and parameter settings The unit breakout comparison view option allows the user to create a side by side comparison of two datasets The result will be a total and unit by unit variance report It will either display on the screen or export to an Excel file depending on the version and parameter settings Line By Line Pre Tax Book Income Data Review Actual Federal Unit Details PTBI 7 Forecast Rate Reports Unit Consolidated gt Forecast Rate o PTBI at Forecast Rate Pre Tax Book Income times Forecast Rate Deductible State Tax Cash Discretes provision after apply each unit state s Current Federal Deductibility 551 rates e Permanent Differences Data Review Actual Federal Perm Diffs 471 amp InterCo Txns s2 Temporary Differences Data Review Actual Federal Temp Diffs 481 Only amounts entered as Activity Deferred Only or Balance Sheet Only entries do not impact the current tax provision calculation NOL Reclass Data Review Actual Federal NOL Temp Diffs s Only amounts entered as Activity Deferred Only or Balance Sheet Only entries do not impact the current tax provision calculation Discretes pre Rate Sum of Deductible State Tax Permanent Difference Temporary Differences amp NOL Reclass lines Unit Tax Rate Data Review Actual Federal Unit D
228. ling Group Sub consolidation Consolidation Control Center See Options Unit Details Temporary Differences After Tax Temporary Differences NOL Temporary Differences State After Apportionment Temporary Differences State After Tax Temporary Differences Custom Rollups Default By Unit Federal Only Federal State State Only By Deferred Federal Only Federal State State Only Sub Totals No Sub Totals Sub Totals The Temporary Differences Summary Fed Filing Group report displays the temporary amp NOL differences and separates the ending deferred balances into their current and non current designation The temporary differences summary report lists the current assets and liabilities and the non current assets and liabilities and sums them together to get the total value of the current temporary differences and the non current temporary differences by unit The totals for both current and non current differences appear at the bottom of the report Data can be viewed using Rollup 191 codes Provision Items e Deferred Tax Asset Liability Report Views e Defaults to the By Deferred and Federal State views of the report e The rollup view will display the balances sub totalled by rollup code with underlying detail for the user defined rollup established in the Manage Rollups 41 by an Administrative user e By Unit view will display the balances sub totalled by unit and can be segregated by federal federal amp state o
229. lished by an Administrator for the temporary difference 257 C NC e There are two Types of temporary differences balances Current and Non Current 17 Choose the Type that best relates to the balance sheet account where the deferred tax asset or liability should be represented Src e The Src tag 1 letter is used to identify each line entered to the originating source Beginning Balance e The cumulative temporary difference balance will rollforward from the prior dataset 157 Activity e Activity will impact w the current and deferred provision as well as the deferred balances e Positive amounts will increase and negative amounts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency Deferred e Deferred will impact 1s amp the deferred provision only as well as the deferred balances e Typically this entry type is used for the impact of valuation allowances or adjustments to prior year balances Balance Sheet Only e Balance will only impact weg the deferred balances e Typically this entry type is used for the impact of equity or other comprehensive income items State After App Temp Diffs e State after apportionment temporary difference information is manage in the State After App Temp Diff section under Data Review 43 gt Forecast s gt State 55 gt State Details se in the Interim 12 tab
230. llowance For units in a filing group 167 the parent unit will determine the valuation allowance automation and percentage for all the group Alternative Minimum Tax e Alternative Minimum Tax AMT amount can be automatically calculated and posted based on the entered adjustments and rates e The automation must be activated for the unit in the Unit Details 441 screen under the Automation 48 tab by checking the box and entering the appropriate pre 8 post adjustments AMT Net Operating Loss Carryover and AMT Tax Rate The generated AMT will post as a After Tax Temporary Difference with the code AMT SYS Automation can determined either on the Reporting Currency 661 or Local Currency te basis e Reporting or Local Currency basis is defaulted by a System Parameter setting but the basis can be chosen on a dataset by dataset basis with a Dataset Parameter AMT Reporting Currency e A new approach to the Alternative Minimum Tax AMT has been added to expand the calculation e Either the Local Currency or the new Reporting Currency approach can be used on a dataset by dataset basis with parameters System Parameter USE OLD AMTESTIMATOR Default with a param value of 1 will use the original method when a new datasets is created The Dataset Parameter USE OLD AMTESTIMATOR with param value of 1 will use the original method for that dataset it can be changed to 0 to use the new approach e AMT calculation are computed in Reporting Currency for
231. lover from the prior period and should represent the remaining temporary differences for book and tax that should be allocated Activity e The activity will be the appropriate amount of the beginning balance based on the ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review months entered In a dataset that was not rolled over the user must populate this field e Activity will impact 1s amp the current and deferred provision as well as the deferred balances e Positive amounts will increase and negative amounts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency Deferred e Deferred will Impact s the deferred provision only as well as the deferred balances AT Temp Diffs e After tax temporary difference information is manage in the AT Temp Diff section under Data Review 43 gt Unit 43 in the Provision 1218 Estimated Payment 171 tabs e The after tax temporary differences section has three entry columns The Activity Deferred and Balance Sheet Only column amounts will impact the tax provision 1881 differently e The after tax temporary difference should be entered on a post rate basis The appropriate federal benefit of state will be computed on these balances e To import information on the AT Temp Diffs section complete the appropriate fields on the ZUATTD U AfterTax TempDffs sheet
232. lt 010 64 0 0 www 158 Interim Functionality oo ee ccc cccescceceeeeeeceneececseeessneeeenseeceseaeesettseesseeeess 158 Foreca EE 159 nar ee ee E E oe 160 iater Ee 161 Interim Multi States sssssssssee mene enne 162 Stock Based Compensatlon s 162 Pre FAS T23R amp SOS eer aa 163 Stock Based Compensation NEEN 163 APIC EE 163 True Up to Return RTP w wasmmamamamanmwnmamamaniamwamwza 164 Single Dataset Approach 164 Multiple Dataset Approach 164 Valuation AWOWAIICES 2 d tinc ern tei Con eere ce Ron Ree no d t 165 Separate Attribute Basis emere ennt entes 165 Aggregated Attributes Bases ssssssssse emere 166 Alternative Minimum T ax eese tenente ns 166 AMT Reporting CurrenQy sssssssesseeenme een nennen nnne nnne 166 AMT Local Currency ssseee nnne www 167 Report ContiqulallQfi ose pese esie dett erect re eee ters Eb eres ean 168 SC amp CSC Report Views sssssssese eem nennen nnne eene mnanaa 168 icai 168 CSC REPOMMING saves P 168 Headers amp FOOte wese 169 Tax Basis Balance heet 169 Trial Balance Data 169 Cumulative Temporary Differences wwwwwwwwwmmmamamwmm mawa 169 TBBS Report 170 Multi Dataset Results enero 170 Reporting Dataset EE 170 Combined Dataset wwwwwmmamewmmmznmim mwanama maniwi nanma www 171 2 NESOURCE T TREAM VISIO ONESOURCE
233. med CSC2 which allows the ability to create and populate multiple sub consolidations for a Unit Column A should have the Unit Code and then in Columns B through IV should have the CSCs that the unit should be included in Existing unit designation in a CSC will be replaced not appended when the CSC2 is imported This sheet does not export when categories are exported and does not exist in the standard template for import categories Viewing CSC Reports e After activating the parameters two new Sub Consolidated reports called Tax Provision SC Breakout and Effective Tax Rate CSC Breakout will be available e To display the report be sure to choose the parent sub consolidation e g CSC1 X Regions amp CSC2 X Management in the Control Center The report will display a Total column and then a column for each CSC Headers amp Footers e To use activate the functionality an Administrative user will need to add the following system parameter 1st In Manage Restricted Features REPORT HEADER 8 REPORT FOOTER each can have up to 200 characters Tax Basis Balance Sheet Book trial balance 1691 information populated in the system used to generate the provision items can also be adjusted to generate a tax basis balance sheet The cumulative 2n dut differences 16 can be mapped to specified trial balance accounts and other adjustments wen to the book trial balance amounts can be made The tax basis balance sheet report can be viewed
234. mp Review Txn Code e The transaction code is a user defined Txn Date e The transaction date identifies the date of the transaction Txn Amount e The transaction amount for the intercompany transaction FX Rate Paying Unit to Receiving Unit e The weighted average rate that the paying unit uses to pay the receiving unit Withholding Tax Receiving Unit e Percentage of the transaction amount that will be withheld for the receiving unit Taxable at Receiving Unit e Designate if the transaction amount will be taxable by the receiving unit It will be posted as a permanent difference Deductible at Paying Unit e Designate if the transaction amount will be deductible by the paying unit It will be posted as an offset permanent difference Withholding Tax Treatment e Designate if the withholding is D for deductible C for creditable and for Neither State All the State or Jurisdictional data is entered and stored in the State area Each state must have a record 1 ito enter data The State can have eight areas State Details e amp State Perm Diffs 671 State Temp Diffs 68 State After App Temp Diffs ei State After Tax Temp Diffs 691 amp State Tax Adjs 70 State Details There is one section on the State Details screen Rates Apportionment 661 The Unit Details screen defaults to show the Rates Apportionment section e The State Rates amp Apportionment information is manage in the Rates Apportionment sectio
235. mp description are established by an Administrator for the temporary difference 251 C NC e There are two Types of temporary differences balances Current and Non Current 17 Choose the Type that best relates to the balance sheet account where the deferred tax asset or liability should be represented ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Src e The Src tagli letter is used to identify each line entered to the originating source Beginning Balance e The cumulative temporary difference balance will rollforward from the prior dataset 151 Activity e Activity will Impact web the current and deferred provision as well as the deferred balances e Positive amounts will increase and negative amounts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency Deferred e Deferred will impact 1s amp the deferred provision only as well as the deferred balances e Typically this entry type is used for the impact of valuation allowances or adjustments to prior year balances Balance Sheet Only e Balance will only impact ap the deferred balances e Typically this entry type is used for the impact of equity or other comprehensive income items Amortized Temp Diffs e Amortized Temporary difference information is manage in the Amortized Temp Diff section under Data Review 43 gt
236. n under Data Review 43 gt Forecast 61 gt Statel 55 gt State Details ss in the Interim tab e If the Beginning and Ending Deferred Tax Rates differ for a unit the system will automatically calculate any necessary change in rate adjustment on the beginning temporary difference balances The support for the calculated adjustment is displayed in the deferred balances report as a separate column e f the Current Tax Rate and the Ending Deferred Tax Rate differ for the unit the system will automatically calculate the necessary impact of the rate difference for activity entered for temporary differences The impact of the rate difference can be viewed in the Effective Tax Rate report To import information on the Rates amp Apportionment section complete the appropriate fields on the S States sheet in the Import Number Template Entry Fields Deactivate State Button e Found in the upper right hand corner of the screen clicking the button will delete the record 161 which will erase all information for this state for this unit for the current dataset It will not affect any other state or the unit in the dataset or the state or unit in any other dataset that the state was included in Filing Unit e A filing unit allows the ability to group units The Filing Unit is considered the Parent unit ONESOURCE State Enterprise User Manual Chapter 3 Data Entry amp Review and the units that are being grouped with the par
237. n Excel spreadsheet that will detail the unit by unit underlying calculations for the state s provision expenses Line By Line e Federal Taxable Income Federal Taxable Income Post NOL line from the Federal Tax Provision report 981 In the consolidated and sub consolidated view each unit must have the state record 161 activated to have that unit s Federal Taxable Income to be included in the state level report If the record has not been activated there will be a difference in the two reports The state does not have to have a tax rate or apportionment e Backout Perm Diffs not includable for State Data Review Unit Perm Diffs 47 amp InterCo Txns 53 where includable status 171is no e Backout Temp Diffs includable for State Data Review Unit Temp Diffs 4818 Amortized Temp Diffs 507 where includable status 171is no Only amounts entered as Activity Deferred Only or Balance Sheet Only entries do not impact the current tax provision calculation e Add back Deductible State Tax Deductible State Tax line from the Federal Tax Provision report og e Adjusted Federal Taxable Income Sum of Federal Taxable Income Backout Perm Diffs not includable for State Backout Temp Diffs includable for State amp Add back Deductible State Tax Modifications Data Review State State Perm Diffs 57 e Temporary Difference Adjustments Data Review State State Temp Diffs 57 Only amounts entered as Activity Deferred Only or Balance S
238. nality and to make it work properly SHOW SIMPLELIABILITY amp SHOW LIABILITY should be 0 1 allows the Alternate Provision Calculation functionality works with ALTCALC1 ADJ ALTCALC2 ADJ amp TBIS ADJ 1 displays the CSC Deferred Balances Report under sub consolidation 1 displays an additional line to the effective tax rates that further analyze the components in the CSC ETR Report under sub consolidation 1 displays the CSC Effective Tax Rate Report under sub consolidation 1 displays the Expected Deferred Report 1 allows the GAAP to STAT functionality with the GAAPTOSTAT amp gstags parameters 1 allow the Journal Entry functionality 1 enables the Liability tab if using SHOW ADVACEDLIABILITY should be set to 0 1 will activate the configurable journal entry 1 will activate the reclass functionality to allow the unit to unit reclass of the payable liability 1 displays the SC Tax Provision Report under consolidation 1 enables the Simple Liability if using SHOW ADVACEDLIABILITY should be set to 0 1 displays the Workpaper Report Enter the Unit code to configure how the State Tax Prov Rpt Breakout displays works with SEPARATESTATE parameter 1 allows the Alternate Provision Calculation functionality works with ALTCALC1_ADJ ALTCALC2 ADJ amp SHOW ALTPROVCALC The number will determine how many days a password can be active The number will determine the minimum number of digits that must be in the user s password The numbe
239. nce can be automated to take the generated or utilized 451 net operating loss impact To import information on the NOL Temp Diffs section complete the appropriate fields on the ZUNOLTDS Unit NOL Temp Diffs sheet in the Import Number Template Entry Fields Code amp Description e The codel 1 amp description are established by an Administrator for the NOL temporary difference 257 e Automated NOL amounts will be posted to a code that begins with NOL_SYS C NC e There are two Types of NOL temporary differences balances Current and Non Current 171 Choose the Type that best relates to the balance sheet account where the deferred tax asset or liability should be represented Src e The Src tag 1 letter is used to identify each line entered to the originating source Generated e Tracks the year the Net Operating Loss was generated Expires e Tracks the year the Net Operating Loss is expected to expire Beginning Balance e The cumulative temporary difference balance will rollforward from the prior dataset 151 Activity e Activity will impact w the current and deferred provision as well as the deferred balances e Positive amounts will increase and negative amounts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency Deferred e Deferred will impact 18 the deferred provision only as well as the defe
240. nctionality fashion Only the units assigned to a user will be displayed when they log in Additionally the data in the work flow drop down menus can be defined by user The users will see the same reports as the corporate office so they will understand the results they are reporting in both Local and Reporting currency The multi level Sign Off configurable process and the Audit Trail will help ensure accountability about the data submitted For more information or a demo of iTaxStream please contact your Client Manager or support 201 group UTP Uncertain Tax Positions Accounting for Uncertain Tax Positions requires the recognition and measurement of tax contingencies The Onesource Taxstream Provision UTP application allows the positions to be tracked using the same dataset unit and component codes as the Onesource Taxstream Provision Categories can be migrated from the provision to the UTP application to minimize set up time e After positions have been determined then the total amount of unrecognized tax benefits that would affect the Effective Tax Rate need to be represented in the provision As the positions age there may be additional interest that will need to be accrued each period The UTP application has the ability to compute interest either using the IRS or State defined tables or a flat rate The interest will compound over a user defined period The UTP application can post either a position by position detaile
241. nd is only available in the Interim Tab Unit e The drop down will display a list of the units 151that the user has been given permission to e To choose a unit click on the name that should be used to display data or view reports To search in the unit list click on any unit and use the keyboard to type the first characters in the name to have the list filter State e There are pre populated states 173i and user defined states and jurisdictions The display of the pre populated states can be disabled with a system ai parameter e To choose a state jurisdiction click on the name that should be used to display data or view reports To search in the state jurisdiction list click on any state jurisdiction and use the keyboard to type the first characters in the name to have the list filter ONESOURCE Enterprise User Manual Chapter 1 Overview Sub Consolidations e The drop down will display a list of the sub consolidation 1 1 that the user has been given permission to e To choose a sub consolidation click on the name that should be used to display reports To search in the sub consolidation list click on any sub consolidation and use the keyboard to type the first characters in the name to have the list filter Currency e There are two types of currency views of the reports Reporting and Local e To choose a currency click on the currency type that should be used to displayed reports Navigator The Navigator determi
242. nes what will be displayed in the work area where data can be entered modified exported or viewed in the reports The options are arranged in a tree like hierarchy that can be expanded or contracted For example clicking on the beside Data Review will reveal DataSet Unit and State menu trees Clicking on the beside an option will contract the sub option menus Data Review View amp modify data in one of three areas DataSet Unit and State e DataSet options for administrative users to define Dataset Parameters e Unit federal national data for the dataset unit designated in the Control Center is separated by data type so that it can easily be entered or modified e State state jurisdiction specific data for the dataset unit state designated in the Control Center is separated by data type so that it can easily be entered or modified e NOTE Read Only datasets will allow the users to review data but they will be unable to edit the data Data Import Electronically populated the Data Review screens for multiple units with data using either Spreadsheet Import or Bridge Import functionality e Spreadsheet Import Dataset ability to migrate data populated on import templates e Bridge Import ability to bring in general ledger data in text file format Reports View reports at Unit Filing Group Consolidated or SubConsolidated levels The report choices are similar at each level e Unit choose to view reports based on th
243. ng rates in the prior provision will rollover and become the beginning rates in the forecast and actual sections and the ending balances in the prior provision will rollover and become the beginning balances in the actual section Advance to Next Quarter e The active Current Quarter is noted in the section under Data Review in an Interim dataset s navigator bar When expanded it can have several options for determining the active Current Quarter When a new Interim dataset is created the active Current Quarter is always Q1 Home Data Review Forecast 01 Actual 1 Current Quarter Q1 Advance to 02 TaxStream Are you sure you want to close Quarter 1 and open up Quarter 2 No e The first quarter must be Advanced to the second quarter before any data can be entered in the second quarter and the second must be Advanced before data can be entered for the third quarter e When the quarter is Advanced it will lock the prior quarter and then open up the entry fields for the next quarter The Forecast data in the prior quarter will be copied into the next quarter The Actual ending rates and balances will roll forward from the prior quarter to the next quarter e All prior quarter data entry screens and all reports can be reviewed but edits will not be allowed unless the quarter is Rolled Back to the prior quarter ONESOURCE Enterprise User Manual Chapter 4 Functionality Roll Back to Prior Quarter e
244. nit by unit variance report It will either display on the screen or export to an Excel file depending on the version and parameter settings Line By Line e Pre Tax Book Income Data Review Federal Unit Details PTBI 44 e Deductible State Tax Current state tax provision from State Summary zh Provision Summary 126 after apply each unit state s Current Federal Deductibility ss rates e Permanent Differences Data Review Federal Perm Diffs 471 amp InterCo Txns 531 e Financial Taxable Income Sum of Pre Tax Book Income Deductible State Tax amp Permanent Differences lines Temporary Differences Data Review Federal Temp Diffs 481 amp Amortized Temp Diffs 50 Only amounts entered as Activity Deferred Only or Balance Sheet Only entries do not impact the current tax provision calculation Federal Taxable Income Pre NOL Sum of Financial Taxable Income amp Temporary Differences lines ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review NOL Reclass Data Review Federal NOL Temp Diffs s Only amounts entered as Activity Deferred Only or Balance Sheet Only entries do not impact the current tax provision calculation Federal Taxable Income Post NOL Sum of Taxable Income Pre NOL amp NOL Reclass lines Unit Tax Rate Data Review Federal Unit Details 41 Only displays at the Unit reporting level Federal Tax Current Taxable Income Post NOL times the current unit tax rate
245. nly column amounts will impact the tax provision ap differently e Each temporary difference line will default to being tax effected using the unit rate The beginning and ending unit rate can be overridden on a line by line basis If only the beginning or ending rate is being overridden the user must still populate the field for the other rate or it ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review will default to a zero rate e Valuation Allowances 165 computed on Temporary Differences can be automated e To import information on the Temp Diffs section complete the appropriate fields on the UTD Unit Temp Diffs sheet in the Import Number Template Entry Fields Code amp Description e The code 151 amp description are established by an Administrator for the temporary difference 25 C NC e There are two Types of temporary differences balances Current and Non Current 171 Choose the Type that best relates to the balance sheet account where the deferred tax asset or liability should be represented Src e The Src tag 16 letter is used to identify each line entered to the originating source Beginning Balance e The cumulative temporary difference balance will rollforward from the prior dataset 151 Activity e Activity will impact 1s amp the current and deferred provision as well as the deferred balances e Positive amounts will increase and negative amounts will reduce the taxable income
246. nly the beginning or ending rate is being overridden the user must still populate the field for the other rate or it will default to a zero rate The NOL temporary difference can be automated to take the generated or utilized 451 net operating loss impact To import information on the NOL Temp Diffs section complete the appropriate fields on the UNOLTD Unit NOL Temp Diffs sheet in the Import Number Template Entry Fields Code amp Description e The codel 181 amp description are established by an Administrator for the NOL temporary difference 257 e Automated NOL amounts will be posted to a code that begins with NOL_SYS C NC e There are two Types of NOL temporary differences balances Current and Non Current 171 Choose the Type that best relates to the balance sheet account where the deferred tax asset or liability should be represented Src e The Src tag 1 letter is used to identify each line entered to the originating source Generated e Tracks the year the Net Operating Loss was generated Expires e Tracks the year the Net Operating Loss is expected to expire Beginning Balance e The cumulative temporary difference balance will rollforward from the prior dataset 151 Activity e Activity will Impact w the current and deferred provision as well as the deferred balances e Positive amounts will increase and negative amounts will reduce the taxable income The amounts should be entered in local currency and will
247. nne ease 32 Thal BUS ETT 33 Eko Ma EE 33 Import MAN ben en ivory xcv iet exornavit vant vase veu pvp Pe YR ug VERUS oak 33 Manage Payable sssssssse menm eene mnm nnn nene 34 Manage Payable TX Fues siccis ete reservat K die evo tres eerte oes mdr E do radi 34 Manage Payable Rollups ed eii deed 34 Manage Payable B cKEtS E c X 34 Export Payable Categories 35 eegene 35 Manage Deferred Hollionwarcd anawaniwa waw eene 35 Manage NOL RM WA iii 35 Manage Restricted Features 36 Syster Parameter acesran in ceca iiit EE rato des Kline esae EE E 36 le eg ele ln EE 36 Administer USerS RR 37 Administer Permissions namana nanma nimani nama nimamia ninani ananena 38 Mariage Count Um aaa 38 Manage AC EE 38 ESIIN e el 39 JS Database Analia cene edet eterne seen en tr crecen netos 39 View Audit Trail nima aniania ninani nimani nani numanw nawa ni nw n amana 39 View Categories Audit Trail 40 EE Lee e 40 Heu eege 4 import Categories Teimiplates uu uei ccce venetus eraat dedo eade du da due dave cas pt reprint 4 Import Reporting DataSets s es m eene enne 4 Export Categories sssssssssssseeeeeeneen eene nennen nennen nennen nnn 4 O 2009 ONESOURCE TAXSTREAM PROVISION ONESOURCE Enterprise User Manual Contents Chapter 3 Data Entry amp Review 43 Dr EU ae ee reenn sereee 43 DataSet oiccccccccccccccsscecessseeesseeeecsscecseeesesseecscseeeceeeesessescseseeeseeeseneesentses
248. ns for the all the state for the level of report chosen Unit Sub Consolidation or Consolidation There are parameters ad that may change the view of this report Provision Items Current State Tax Expense Deferred State Tax Expense State Equity Offset to Current Expense Total State Tax Provision Line By Line Pre Tax Book Income Data Review Unit Unit Details PTBI Ai Perm Diffs includable for State Data Review Unit Perm Diffs 47 amp InterCo Txns 53 where includable status 17 is yes Modifications Data Review State State Perm Diffs ed e Temp Diffs includable for State Data Review Unit Temp Diffs 4818 Amortized Temp Diffs 50 where includable status 71is yes Only amounts entered as Activity Deferred Only or Balance Sheet Only entries do not impact the current tax provision calculation Temporary Difference Adjustments Data Review State State Temp Diffs 571 Only amounts entered as Activity Deferred Only or Balance Sheet Only entries do not impact the current tax provision calculation Allocable Income Sum of Pre Tax Book Income Perm Diffs includable for State Modifications Temp Diffs includable for State amp Temporary Difference Adjustments lines State Apportionment 96 Data Review State State Details 55 Only displayed at the Unit level To see this line in the consolidated or sub consolidated level choose unit breakout Apportioned Income Pre NOL Allocable Income line time
249. ns that allow data to be bulk loaded Spreadsheet Import se and Bridge Import 891 ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Spreadsheet Import Dataset The Import Spreadsheet function will allow two formats TaxStream Format se or Import Rolling Pin oe Both formats allow the Administrative and Read Write user to populated data in an Excel spreadsheet The TaxStream format uses a template where data is divide on separate sheets by type of data The Import Rolling Pin format uses codes entered in a row and column to identify the type of data TaxStream Format e The data on the import numbers template is populated in the Spreadsheet Import Dataset section under Data Import s gt Spreadsheet Import Dataset og in the Provision 1218 Estimated Payment i tabs e A blank import numbers workbook template is provided with the software The templates are typically stored in the following folder C Program Files TaxStream500 template Additionally the template can be generated by choosing the Export Selected Dataset function in the Provision tab The Excel workbook contains a group of sheets Each sheet corresponds to a data review screen found in the Provision tab of Enterprise Each sheet of the Excel workbook reserves the first two rows for descriptions of the information required in each column Do Not modify the sheet name or the column order or the file to not import properly e Each she
250. nts are broken out by Unit and totalled ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review e Bucket The Payable Entry 531 amounts are broken out by the Payable Bucket 34 assigned to each entry Administration An Administrative user can Reset Report Data 14 and query the dataset with TS Database Analyzer 145 functionality Reset Report Data An Administrative User has the ability to refresh the report data which will recalculate all of the System calculations when they choose to Reset Report Data Rarely is this function necessary but it will ensure the users that all the reports have the most current data TS Database Analyzer In order to use this functionality you must agree to the following statement Onesource Taxstream Provision does not support or warrant the accuracy or validity of any numbers produced by this tool You must agree that you will not rely on the results of queries run within to support any tax provision calculations The functionality is designed for users that have a working knowledge of database and database queries SQL e The query analyzer gives you the ability to run ad hoc queries against the database Results of run queries can be exported to Excel by choosing the Export Excel from the File option on the upper left side of the Menu Bar 121 Report Ready Views are with pre calculated report ready results views Views contain both local and reporting currency numbers Query
251. nts by Rollup Each payable transaction 341 has an assigned payable rollup 3 and the amounts are filtered into columns by rollup code Ending Balances Sum of Beginning Balances amp Transaction Amounts by Rollup ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Payable Detail Reporting Levels Control Center Configurable Options Source Data Provision Calculations Payable Entry Fed Only State Only Txn Types Totals Txn Types Unit Breakout Txn Types Current and Prior years Txn Types Current and Prior years Unit Breakout Txn Types Current and Prior years Bucket Breakout The report displays the information in the taxes payable detail for the units in the selected dataset or sub consolidation selected in the Control Center The supporting detail for the calculations can be seen in detailed on separate reports Provision Items Total Current Tax Provision Report Views Defaults to a view of the report for the Federal and State balances filtered and sub totalled by Transaction Types Fed Only will display payable entries in the Federal section State Only will display payable entries in the State or user defined Jurisdiction section The Txn Types Totals will display the payable data by Transaction Types The Txn Types Unit Breakout will display the payable data by Transaction Types broken out by Unit The Txn Types Totals will display the payable data by Transaction Types broken
252. nts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review State Temp Diffs State temporary difference information is manage in the State Temp Diff section under Data Review 43 gt Achuall zz State 72 gt State Temp Diffs s in the Interim 12 tab The state temporary differences section has three entry columns The Activity Deferred and Balance Sheet Only column amounts will impact the tax provision 18 amp differently Each state temporary difference line will default to being tax effected using the unit rate The beginning and ending state amp unit rates can be overridden on a line by line basis If only the beginning or ending rate is being overridden the user must still populate the field for the other rate or it will default to a zero rate Enter temporary differences that are applicable for state and not recognized for federal purposes To import information on the State Temp Diffs section complete the appropriate fields on the STD St Temp Diff Adjs sheet in the Import Number Template Entry Fields Code amp Description e The code 1s amp description are established by an Administrator for the temporary difference 257 C NC e There are two Types of temporary differences balances Current and Non Current 171 Choose the Ty
253. numeric characters including spaces except for amp lt or gt The column name can be edited after it is created Assignments Activity Def Only BS Only e Each tag letter 161 A Z needs to have the three types of deferred events Activity Deferred Only Balance Sheet Only assigned to a column The column names and the associations to events will be displayed in reports Manage Restricted Features e The manage restricted features area requires a password to access This password is typically not released to clients because it opens up a screen that allows system items to be deleted or modified that could corrupt the software e This area stores the System Parameters 3 1 that an Administrative user can activate via an import template e In this area there is also the ability to Truncate Audit Trail which will erase the data that the System collects in the audit trail System Parameters e A System Parameter can be added using an import spreadsheet under Import Categories in the Administration Tab e An existing System Parameter s value can be modified by first exporting the categories template adjusting the parameter on the CP sheet and importing the sheet on the template into the categories Parameters can only be deleted if the password is entered in the Manage Restricted Features oe screen e Some parameters ensure the proper functionality of the system Do not manipulate the pre loaded crucial parameters with
254. o an Excel file depending on the version and parameter settings Line By Line e Pre Tax Book Income Data Review Actual Federal Unit Details PTBI 72 e Forecast Rate Reports Unit Consolidated Forecast Rate 9 e PTBI at Forecast Rate Pre Tax Book Income times Forecast Rate e Perm Diffs includable for State Data Review Actual Federal Perm Diffs 741 amp InterCo Txns 78 where includable status 171is yes e Modifications Data Review Actual State State Perm Diffs ei e Temp Diffs includable for State Data Review Actual Federal Temp Diffs 79 where includable status 171is yes Only amounts entered as Activity Deferred Only or Balance Sheet Only entries do not impact the current tax provision calculation Temporary Difference Adjustments Data Review Actual State State Temp Diffs 8 Only amounts entered as Activity Deferred Only or Balance Sheet Only entries do not impact the current tax provision calculation Discretes pre Rate Perm Diffs includable for State Modifications Temp Diffs includable for State amp Temporary Difference Adjustments lines State Apportionment 96 Data Review Actual State State Details s Only displayed at the Unit level Apportioned Discretes Pre NOL Discretes pre Rate line times State Apportionment line ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review NOLs Data Review Actual State State After App Temp Diffs 82
255. o enter data The Federal can have thirteen areas Administration 441 Unit Details 441 Permanent Differences 47 Amortized Permanent Differences 471 Temporary Differences 48 1 Amortized Temporary Differences 451 After Tax Temporar Differences 501 Amortized After Tax Temporary Differences 501 Tax Adjustments er NOL Temporary Differences 52 Payable Entry 531 Inter Company Transaction Entry 52 and Trial Balance Tax Basis 541 ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Administration Administrative user can access unit dataset parameters which control some unit level features and the Journal Entry mappings Unit Dataset Parameters e Unit Dataset Parameters are defined in the Navigator under Data Review 43 gt Unit 43 gt Administration 441in the Provision 121 amp Estimated Payment 121 tabs e An administrator can set characteristics for each unit that may change how data is treated or represented with Unit Dataset Parameters e The pre established unit dataset parameters 1 amp 6 can be added modified or deleted When adding or modifying parameters use care as they can potentially change calculations across all the units in the dataset Parameters are pre defined and are case sensitive The Key Type amp Value are specifically designed for each parameter Deleting parameters is not recommended since they may be required for the system to function properly Opt instead for
256. o print this report choose the Export to Excel option from the File menu in the upper left corner Stock Based Compensation e Stock Options issuances and exercises under FAS 123R may impact different aspects of the tax provision e There are both pre adoption FAS 123R and post adoption FAS 123R rules that should be considered when providing for the Stock Based Compensation in the provision ONESOURCE Enterprise User Manual Chapter 4 Functionality e The APIC Additional Paid in Capital pool balance should also be tracked to ensure that the proper treatment of the exercises in the future A system parameter 1sh must be added to view the APIC pool report Pre FAS 123R amp ISOs At Issuance e No impact on the tax provision on issuance Upon Exercise e Typically theses options when exercised should impact the Current Tax Expense which should be offset in Equity e This type of options were either vested prior to the adoption of FAS 123R or are qualifying distributions of ISOs Incentive Stock Options To impact the current provision and an offset in equity enter the option expense details as a permanent difference with the Type E for Equity Adjustment Stock Based Compensation At Issuance Certain options that were issued and will vest after the adoption of FAS 123R will be amortized as stock based compensation expense for book For tax the stock based compensation amortization must be reversed during the ve
257. ociated with it e Be sure that you use this field appropriately as it may require additional support to justify the expense on the provision Perm Diffs e State permanent difference information is manage in the State Perm Diffs section under Data Review 43 gt Actual 71 gt State 79 gt State Perm Diffs s in the Interim 12 tab e There are two types of permanent differences Equity Adjustments and P amp L Adjustments The user can choose the appropriate type to achieve the desired provision effect e Enter permanent differences that are applicable for state and not recognized for federal purposes e To import information on the State Perm Diffs section complete the appropriate fields on the SPM State Perm Mods sheet in the Import Number Template Entry Fields Code Description e The code 151 amp description are established by an Administrator for the permanent difference 25 Type e The type P type will result in a current tax provision expense offset in the payable account The result will be an impact the overall effective tax rate e The type E type will result in a current tax provision expense offset in the payable account as well as an equity contra expense that is offset in an equity account This will result in no impact to the overall effective tax rate Src e The Src tagli letter is used to identify each line entered to the originating source Amount e Positive amounts will increase and negative amou
258. of this report Provision Items Projected Liability Total Payment Due Report Views Default is the only available view Line By Line Cash Provision Tax Provision Estimated Payments tch report Cash Provision line Other Income Tax Data Review Unit Unit Details gt Estimated Payments 47 Adjusted Income Tax Sum of Cash Provision amp Other Income Tax Percentage Cushion Data Review DataSet Administration Dataset Parameters 431 cushion parameter 941 can be set by an Administrative 37 user Cushioned Income Tax Adjusted Income Tax times Percentage Cushion Minimum Annual Tax Data Review DataSet Jurisdiction Mgmt 435 Projected Liability Greater of Cushioned or Minimum Higher of Cushioned Income Tax amp Minimum Annual Tax lines Q1 Q2 Q3 Q4 Requirement and Extension Payment Data Review DataSet Jurisdiction Mgmt 43 rates applied to Projected Liability line Total Required Liability YTD Sum of Q1 Q2 Q3 Q4 Requirement and Extension Payment lines PY Overpayment Q1 Q2 Q3 Q4 Payment e Total Payments YTD Sum of PY Overpayment Q1 Q2 Q3 Q4 Payment lines ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Rounded Payment Due Total Required Liability based on the dataset Date Range minus Total Payments YTD times rounding set by an Administrative 3 user in Data Review DataSet Administration Dataset Parameters 431 rounding parameter 94 e Over
259. olumn e f the Current Tax Rate and the Ending Deferred Tax Rate differ for the unit the system will automatically calculate the necessary impact of the rate difference for activity entered for temporary differences The impact of the rate difference can be viewed in the Effective Tax Rate report To import information on the Rates amp Apportionment section complete the appropriate fields on the S States sheet in the Import Number Template To Update the Current amp Deferred Tax Rate as well as the Apportionment Rates for a single state across either a single unit or multiple units in a Subconsolidation complete the appropriate fields on the SRATES State Rates sheet in the import update rates template Entry Fields Deactivate State Button e Found in the upper right hand corner of the screen clicking the button will delete the record 161 which will erase all information for this state for this unit for the current dataset It will not affect any other state or the unit in the dataset or the state or unit in any other dataset that the state was included in Filing Unit e A filing unit allows the ability to group units The Filing Unit is considered the Parent unit ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review and the units that are being grouped with the parent unit are referred to as Child units Currently the system does not permit multiple tiered filing groups Apportionment Pcts e Desi
260. om Total next to the Total State Tax Provision line on the Tax Provision and on the Current State Tax Provision line on the State Provision Summary To allocate 100 of the PTBI and remove the warnings from the reports is to activate an additional state possibly AO All Other in the unit and enter the difference between the total units apportionment as Current Apportionment for that state No other apportionment or tax rates need to be entered for the state It is not recommended that the user changes the apportionment in the existing active states as they may get an incorrect accrual for the state tax time apportionment for discrete items To quantify the amount that the unit is over or under 100 an Admin user can run a query in the TS Database Analyzer 148 in the Navigator under Reports Administration e Copy the following query statement select u code d name sum STATEAPPRATE from UNITSTATEDATASETS usd units u datasets d where usd datasetid lt cc_dataset gt and u unitidzusd unitid and d datasetidzusd datasetid group by u code d name Paste the query in the top section of the TS Database Analyzer screen and press the Run Query button It will return a 4 column report that will list all the active units with the sum of the state apportionment If the result is 85 then create a state in that unit with a current apportionment of 15 or if the result is 1 12 then create a state in that unit with a current apportionment of 12 T
261. omatically calculate any necessary change in rate adjustment on the beginning temporary difference balances The support for the calculated adjustment is displayed in the deferred balances report as a separate column e f the Current Tax Rate and the Ending Deferred Tax Rate differ for the unit the system will automatically calculate the necessary impact of the rate difference for activity entered for temporary differences The impact of the rate difference can be viewed in the Effective Tax Rate report To import information on the Rates amp Apportionment section complete the appropriate fields on the S States sheet in the Import Number Template Entry Fields Deactivate State Button e Found in the upper right hand corner of the screen clicking the button will delete the record 161 which will erase all information for this state for this unit for the current dataset It will not affect any other state or the unit in the dataset or the state or unit in any other dataset that the state was included in Filing Unit e A filing unit allows the ability to group units The Filing Unit is considered the Parent unit and the units that are being grouped with the parent unit are referred to as Child units Currently the system does not permit multiple tiered filing groups Apportionment Pcts e Designate the apportionment percentages for this state and unit chosen in the control center e The State Apport Yo will be applied to c
262. omponent types for Deferred Balances 18h Effective Tax Rates 1sh and Trial Balance hst will differ e To associate a component click on the item in the association list The available rollups that have been created for the rollup set will display in the drop down e If a component is not associated with a rollup it will display as part of an unassigned rollup on the reports When new components are added in the system they will default to unassigned in all rollups e On the import template use the code CRR when creating a new rollup association Import_Categories The Category items can be imported when the data is populated on the Import Categories Template 411 The template is an Excel workbook contains a group of sheets Each sheet corresponds to a review screen found in the Administration tab Only users with Administrative rights are able import the import categories template After the template is imported the Import Log will capture errors wei that may have occurred during the import Import Categories Template e The template is typically stored in the following folder C Program Files TaxStream500 template or for hosted solutions you can export the categories to generate the template The file may contain any of the sheets or other sheet CATTD AfterTax TempDiffs CD Dataset CDR Reporting Dataset CDRF Deferred Rollforwards CNOLTD NOL TempbDiffs CNRF NOL RollForwards CP Parameters CPD Permanent Differences CPYBK
263. ompute the apportioned current state taxable income e The Begin Apport will be applied to the beginning state temporary differences e The End Apport Yo will be applied to the state ending temporary differences Tax Rates ONESOURCE State Enterprise User Manual Chapter 3 Data Entry amp Review e Designate the tax rates for this state and unit chosen in the control center e The State Tax Rate will be applied to the apportioned current state taxable income e The Beginning Deferred Rate will be applied to the apportioned deferred state temporary differences e The Ending Deferred Rate will be applied to the apportioned deferred state temporary differences Federal Deductibility Rates e Designate the percentage of the state amounts that should be used to compute the federal benefit of state benefit The Current Deductible Rate will compute the percentage of the current federal benefit of state benefit e The Beginning Deferred Rate will compute the percentage of the beginning deferred federal benefit of state benefit e The Ending Deferred Rate will compute the percentage of the ending deferred federal benefit of state benefit Deferred Provision Only Adjustment e The adjustment to the deferred tax provision expense will be presented on the tax provision report as a separate line item and will impact the Effective Tax Rate The deferred expense amount will not have a related deferred tax asset or liability ass
264. on j Ax Amasra zl Work Area nce Domestic rency Reporting Currency 4 Mavigator gt Home H Data Review Data Inport a Reports Data Export Menu Bar 124 e Option choices for printing exiting and maintaining password as well as information about the software version Function Tabs 124 e Separate tabs the different areas as of Onesource Taxstream Provision Depending on the user s rights and the license different tabs may be displayed Control Center 135 e allows the user to select the dataset unit and state and sub consolidation and currency The choices made in the control center will determine what data is displayed in the Navigator and Work Area including whether reports in local or reporting currency Navigator 14 e Hierarchical list of menu items allowing the user to select these different options to be viewed in the Work Area The expanded menus are often referred to as menu trees There are four choices review data import data view reports or export data The choices made in the Control Center for sub consolidation state and currency will define what is displayed in the Navigator Work Area e Displays data entry and review screens as well as the reports depending on the choices made in the Navigator For different screens and reports there may be a default view of the work area that can be configured by the user Configuring the Interface e The default view of the interface may be adjuste
265. on the CUC and CUNC sheets so saying yes to either of these options will dramatically increased the size of the file and the time it will take to generate ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Chapter 3 Data Entry amp Review This chapter will familiarize the user with the various methods of populating data in a dataset and reviewing entered data on screen and in reports Topics that will be discussed in this chapter include manually entering data importing data using the template bridging in data from a trial balance extract and reviewing the results in reports Data Review All data is housed in the Navigator under Data Review On the Provision and the Estimated Payment tab the Data Review section is broken into three areas DataSet 41 Unit 435 and State se On the Interim Tab the Data Review section is broken into three areas Forecast er Actual 717 and Current Ousarter eg Under Forecast there is Federal and State and under Actual there is DataSet 43 Federal and State DataSet The DataSet area will only be dis Sprayed to users that have Administrator rights The DataSet can have two areas Administration 41 and Jurisdiction Management a Administration Administrative user can access dataset parameters which control some dataset features Dataset Parameters e Dataset Parameters are defined in the Navigator under Data Review gt DataSet gt Administration
266. on the deferred tax expense and will be treated as an equity item View the report in expand i s to display the components of the CTA calculation Change Columns The columns that explain the change in the NOL balances are user defined in the Manage NOL Bolltonward 357 section Each tag and item can be defined to up to 15 columns Ending Balance Total of beginning balances and all of the items that occurred during the period ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Temp Diff Summary Reporting Levels Control Center Configurable Options Unit Details Temporary Differences After Tax Temporary Differences NOL Temporary Differences State After Apportionment Temporary Differences State After Tax Temporary Differences By Unit Federal Only Federal State State Only By Deferred Federal Only Federal State State Only Sub Totals No Sub Totals Sub Totals The Temporary Differences Summary report displays the temporary amp NOL differences and separates the ending deferred balances into their current and non current designation The temporary differences summary report lists the current assets and liabilities and the non current assets and liabilities and sums them together to get the total value of the current temporary differences and the non current temporary differences by unit The totals for both current and non current differences appear at the bottom of the report Data can be vi
267. opulated with all zero 0 balances but must still exist in the extract file Ending Balance e This is the ending balance as found in the general ledger system Example of a 4 Column file ONE SOURCE Unit Code GL Acct Code D1000 D1000 D1000 D1000 D1000 D1000 F2000 F2000 F2000 F2000 x2000 x2000 x2000 ADJ4 ADJ4 ADJ4 Enterprise User Manual Chapter 3 Data Entry amp Review Beginning Balance AQ1000 AQ1003 ZW1005 ZW1006 Q1007 BY1008 BP1009 TR1010 Q1011 ZE1015 TR1020 101030 PI1035 101036 TR1040 EF1041 100390 890 0 000 648660 30 220777 70 2138384110 2087 400 4797331 70 182512 210 11436401 0 Ending Balance 457756457 27 17693619 7 2 81656265 99 91646792 69 122540901 25 16079571 74 0 00 1098036 08 308410 20 1170955 938 24214662 0 71448480 0 0 000 1649102 0 0 000 3061806 70 Example of a 6 Column file Cost User GL Unit Center Specific Account e Code Code T D1000 401000 D1000 Q1003 D1000 ZW1005 D1000 ZWi1006 D1000 401007 D1000 BY1008 F2000 Ka E BP1009 F2000 TR1010 F2000 Q1011 F2000 Ka E ZE1015 x2000 TR1020 x2000 101030 x2000 Ka E PI1035 ADJA 101036 ADJA gt TR1040 ai EF1041 View Last Import Log Bridge The stored log will be from the last time the Bridge Import 8 was run to bridge general ledger data into the dataset The log has the StartTime the
268. or grouped together in one line depending on the level of detail that is in the General Ledger Amounts displayed in the JE are in Local Currency not Reporting Currency Available Calcs Current Tax Expense Income Statement Equity Offset Tax Adjustments Codes Beginning with NC_ Deferred Tax Expense Balance Sheet Equity Offset Payable Balances Deferred Tax Assets Liabilities Available Data Taxes Per Book Information Pre Tax Book Income amp Weighted Average Exchange Rate Reports e JE reports can be viewed on a single unit filing group sub consolidated or consolidated basis providing the local currency is the same Reports are located in the area called Output Journal Entries e All users will be able to view the JE reports e Amounts are displayed in a Credit Debit format e Unlike most Onesource Taxstream Provision reports this functionality is not self reconciling and there are no system checks so make sure you have configured the system appropriately for what you wish to represent in the Journal Entry Journal Entries Parameters e System Parameters JE AUTOCREATE OUTPUTJES with Parameter Value Y JE AUTOREGEN TAXCALCS with Parameter Value Y SHOW JE with Parameter Value 1 and SHOW OUTPUTJE with Parameter Value 1 e Note Only Administrative Users will be able to turn on this functionality Close and reopen Enterprise after adding the Parameters in order to view the configuration screens and report Customized JE Report
269. ort in the Provision tab displays an overview of the reconciliation going from each component wa at the group rate ES designated for the dataset and the effective tax rate calculated in the FAS 109 provision calculation 101 The supporting detail for some calculations can be seen in this report while the underlying support for other items are detailed on separate reports There are parameters ai that may change the view of this report Provision Items e Total Tax Provision e Effective Tax Rate Report Views e Defaults to the summary and contracted views of the report e Rollups 191 are user defined groupings that allows the detail level component data to be consolidated to be rolled up to a higher level Creating and managing rollups 40 for the report are done in the Administration tab For example a Rollup may assist in generating the footnote while another may explain the results for management reporting The detail view option will display the underlying detail by either the rollup code chosen or the default rollup by component type e The expanded view will display additional columns for the pre tax amount the effect of rates different than statutory rate changes from period to period and any deferred only adjustments that may impact the overall taxable rate for each item The breakout all view on Sub Consolidated and Consolidated reports will display the underlying unit s data that made up the total result A single col
270. orting dataset name will be displayed in the control center and in the header of the reports Dataset Name e The name of the underlying datasets that should be included in the reporting dataset The names can be chosen from the drop down when manually creating or must match the exact dataset name when importing Type e There are two types of reporting datasets Sequential 221 and Additive 221 Sequential Reporting Datasets e Sequential reporting dataset are used to combine datasets from the continuous periods in order to create a multiple period view of the data e A sequential reporting dataset could be to view Month to Date data Year to Date data and Annual data e If the ending balances from the first dataset do not tie exactly to the beginning balances from the second dataset then an error will occur which will be captured in the Reporting Dataset Log 23 Additive Reporting Datasets e Additive reporting dataset are used to layer datasets from the same period together so that the results can be seen on a single dataset view in a reporting dataset view e An Additive reporting datasets could be used to view With and Without reporting Stat to GAAP reporting Current Year Only to With Adjustments for Prior Years True Ups Without Tax Contingencies to Financial Basis reporting e Attempting to add datasets together that do not have the same fiscal period and year will cause an error and the reporting dataset will not be added
271. ortized Temp Diffs 50 State Temp Diffs 571 amp State After App Temp Diffs 581in the Provision tab Data Review Actual Federal State gt Temp Diffs 751 State Temp Diffs s amp State After App Temp Diffs sz in the Interim tab e NOL Reclass Data Review Federal NOL Temp Diffs s21in the Provision tab Data Review Actual Federal NOL Temp Diffs 77 in the Interim tab e After Tax Temp Differences Data Review Federal State gt AT Temp Diffs at Amortized AT Temp Diffs 50 amp State After Tax Temp Diffs 5 in the Provision tab Data Review Actual Federal State gt AT Temp Diffs 7e amp State After Tax Temp Diffs s3 in the Interim tab Column By Column e Beginning Balance Beginning balances are typically populated by rolling over from prior period Amounts are populated in the beginning balance field in Data Review Federal State gt Temp Diffs 48 Amortized Temp Diffs 507 NOL Temp Diffs s AT Temp Diffs 501 amp Amortized AT Temp Diffs 507 State Temp Diffs 571 State After App Temp Diffs 581 amp State After Tax Temp Diffs 591 for the Provision Tab And Data Review Actual Federal State gt Temp Diffs 751 NOL Temp Diffs 521 AT Temp Diffs ze State Temp Diffs 821 amp State After App Temp Diffs 827 for the Interim Tab Rate Change When balances are rate effected the system automatically adjusts the beginning balances to accommodate for any change in deferred rate and any change to foreign e
272. ount should be an account code in the exported trial balance data file Amortized Perm Diff amp Type e The Amortized Perm Diff bridge mapping choices are the established permanent differencel 257 codes 157 e The Amortized Perm Diff Type bridge mapping choices are either E Equity Adjustment or P P amp L Adjustment e This mapping will post to the Amortized Perm Diff screen Begin amp End Fctr e Beginning balance factor is typically zero since it will be ignored when computing Permanent Differences e Ending balance factor is typically 1 or 1 depending on the signs of the exported trial balance data file Adjust the factor the bridge should post an amount less than 100 of the account balance Amortized Temp Diff Activity e The bridge mappings of trial balance accounts to various areas of Onesource Taxstream Provision are added as needed under Manage Bridge 29 in the Administration 12 tab e Bridge mappings can be modified and deleted e To import Mappings complete the appropriate fields on the MATD Gross Temporary Difference sheet in the Import Bridge Template Entry Fields LE CC amp UC e The LE must be a valid Unit 241 code 151 e The CC 8 UC are optional user defined codes e Entering an asterisk in the field will apply account rule across all units Ledger Account Code e The Ledger Account should be an account code in the exported trial balance data file ONESOURCE Enterprise User Manual Chapter 2
273. out understanding their purpose If a crucial parameter is edited or deleted it may corrupt the software to not run properly or not run at all To import a System Parameter complete the appropriate fields on the CP Parameters sheet in the Import Category Template Entry Fields Paramkey e The parameter name is case specific and should be entered exactly as it is given Some of the available system parameters sli are contained in the reference section but for more information regarding the different parameters and their functionality please contact your Client Manager or Onesource Taxstream Provision Support 20 Paramvalue e The parameter value is the associated value for the specific Paramkey There can be more than one Paramvalue and each may have a different purpose Global Attachments e The Global Attachment area allows users to upload style sheets and other system files that will then be used for various purposes within the program e Once the file is uploaded it will deploy to all users that have access to the system e This screen will not be available until GLOBAL XSL system parameter 36 with a param value of 1 has been added Entry Fields Code e f the file being uploaded relates to a style sheet then the code must match the code given for the report When the user is given the file from Onesource Taxstream Provision they will be supplied this code File ONESOURCE Enterprise User Manual Chapter 2 Categorie
274. parameter FISCAL MONTHS OFFSET will allow the user to determine a different month end To return to manual entry an Administrative User can turn off the automatic posting to the Payable module by deleting the Dataset Parameter or by changing the Key Value from Y to N Journal Entries There are several Journal Entry Report options The default view is the Simple JE report sp the User Configurable JE report weit can be activated with parameters and the Customized JE report 15h is defined based on users specifications Simple JE Report e The simple JE report information is the default view of the report called Provision Journal Entry simple old hs Configurable JE Report The journal entry report can be configured by a user to expand the journal entry report Each of the provision calculations in the system and data in either the taxes per book 46 fields or trial balance 5 lines can be combined to create a journal entry report Several parameters need to be added to use the configurable JE functionality The Journal Entry configuration screen allows an Administrative users to configure how calculations and other data will display in a report called Output Journal Entries Configurations e Level of Data The lines of the Journal Entry can be set up to show the results on a summarized basis or on a more detailed basis Depending on what level the company keeps their tax accounts may require more lines or less Some require that
275. pe that best relates to the balance sheet account where the deferred tax asset or liability should be represented Src e The Src tag 1 letter is used to identify each line entered to the originating source Beginning Balance e The cumulative temporary difference balance will rollforward from the prior dataset 157 Activity e Activity will impact 1s amp the current and deferred provision as well as the deferred balances e Positive amounts will increase and negative amounts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency Deferred e Deferred will impacts the deferred provision only as well as the deferred balances e Typically this entry type is used for the impact of valuation allowances or adjustments to prior year balances Balance Sheet Only e Balance will only impact weg the deferred balances e Typically this entry type is used for the impact of equity or other comprehensive income items State After App Temp Diffs State after apportionment temporary difference information is manage in the State After App Temp Diff section under Data Review 43 gt Actual 7 State 7 State After App Temp Diffs s in the Interim 121 tab The state after apportionment temporary differences section has three entry columns The Activity Deferred and Balance Sheet Only column amounts will impact the tax provision 185
276. pecific line item Either the State FBOS or the Federal FBOS option will display depending on the federal benefit of state 9 dataset parameter 9 that is chosen The all c current nc non current option allows the report to be filtered by the balance sheet status The contracted expanded b s cir expanded b s amp expanded i s views allow the user to view the beginning balances period change and ending balances in different ways The b s or balance sheet view can displayed both pre and post rate and the change in rate cir column can be displayed on a contracted or broken down into the change in deferred rate and change in foreign exchange rate The i s or income statement view is only displayed once a rate ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review option is chosen The rate effected views supports the Deferred Tax Asset Liability when expanded b s is chosen or the Deferred Tax Expense and CTA when expanded i s is chosen The user defined columns that are displayed in the expanded views are defined in the manage deferred rollforwards 35 section under the Administration tab e Any single column can be expanded to see the underlying unit by unit data by choosing brkout The expanded results will either display on the screen or export to an Excel file depending on the version and parameter settings Line By Line e Temporary Differences Data Review Federal State gt Temp Diffs 4s Am
277. ping 33 Trial Balance Lines 26 Trial Balance Rollup 40 Trial Balance SubLines 27 Unit 24 Unit Permissions 38 User Set Up 37 Child Units 44 72 Citrix Users Printing 12 Code 15 Combined Dataset 21 171 Component Rollup Codes Deferred Balance 181 Effective Tax Rate 181 Trial Balance 181 Components 19 2009 ONESOURCE TAXSTREAM PROVISION ONE SOURCE Configurations Federal Benefit of State 95 Headers amp Footers 168 169 Reporting Datasets 22 SC amp CSC Report Views 168 Control Center 11 13 21 23 Copy Dataset Copy amp Filter Deferreds 21 Interim Provision 23 Provision 21 Country Codes 15 Country Name 24 Create Dataset 21 Create Interim Dataset 23 CSC Reporting 168 CTA Currency Translation Adjustment 154 Currency 13 Local 95 Reporting 95 Currency Codes 15 Currency Translation Adjustment 18 152 154 Payable 149 Currency Type 24 Currency Types 152 Current 17 Current Provision Calculation 10 Current Quarter Advance to Next Quarter 85 Roll Back to Prior Quarter 85 Current Tax Rate 44 72 se Data Entry Policy 44 72 Data Export 14 Data Import 14 Bridge Achives 85 Bridge Archives 93 Bridge Import 85 Spreadsheet Import Dataset 85 86 View Last Import Log Bridge 85 92 View Last Import Log Dataset 85 89 Data Range 21 Data Review 14 Actual 43 71 79 Current Quarter 43 85 DataSet 43 71 Forecast 43 61 66 State 43 55 Unit 43 Dataset Parameters 185 Datasets 13 Administration
278. played in the deferred balances report as a separate column e f the Current Tax Rate and the Ending Deferred Tax Rate differ for the unit the system will automatically calculate the necessary impact of the rate difference for activity entered for temporary differences The impact of the rate difference can be viewed in the Effective Tax Rate report Deferred FX Rates e Inthe Beginning and Ending entry fields users should enter the specific Beginning and Ending Spot Foreign Exchange Rate for the unit for the period covered by the dataset The rate should be entered using the ratio of what 1 unit of the reporting currency would equal in the local currency The Beginning and Ending Spot Foreign Exchange Rate is used to convert entries for the unit that have a Balance Sheet provision impact Users can enter 1 if the local and reporting currency are the same Deferred Provision Only Adjustment e The adjustment to the deferred tax provision expense will be presented on the tax provision report as a separate line item and will impact the Effective Tax Rate The deferred expense amount will not have a related deferred tax asset or liability associated with it e Be sure that you use this field appropriately as it may require additional support to justify the expense on the provision Enter topic text here Perm Diffs e Permanent difference information is manage in the Perm Diffs section under Data Review 43 gt Forecast 6 t Federal in the Interim
279. port Views e Sub Consolidations 16 allow units to be combined to see the results as a sub total A grouping of sub consolidations can be viewed in several reports when the SC amp CSC groups have been defined e SChis reports are only available at the Consolidated level e CSC 165 reports are only available at the Sub Consolidated level SC Reporting Overview of SC Functionality e Tax Provision reports at the consolidated level can be viewed showing Sub Consolidation vs the Unit detail e There is only on SC per instance to use more than one use the CSC we functionality Set up SC e To use activate the functionality an Administrative user will need to add the following system parameter 1s In Manage Restricted Features SHOW SCBREAKOUT and value 1 e In Manage Unit Unit Sub Consolidations 247 create as the SC sub consolidations with the naming convention that begins with SC e Assign each unit to one of the SC sub consolidations If a unit is not assigned the following error Your subconsolidations do not correctly reflect your consolidation Please fix and re run the report will display instead of the report Viewing SC Reports e After activating the parameter a new Consolidated report called Tax Provision SC Breakout will be available e The report will display a column for each SC and then they will be totalled in a Consolidated column CSC Reporting Overview of CSC Functionality e Tax Provision
280. pply account rule across all units Ledger Account Code e The Ledger Account should be an account code in the exported trial balance data file Temp Diff amp Type ONESOURCE Enterprise User Manual Chapter 2 Categories Set up e The Temp Diff bridge mapping choices are the established temporary difference 25 codes 157 e The Temp Diff Type bridge mapping choices are either C Current or NC Non Current e This mapping will post to the Activity column on the Temp Diff screen Begin amp End Fctr e Beginning balance factor is typically 1 or 1 depending on the signs of the exported trial balance data file e Ending balance factor is typically 1 or 1 depending on the signs of the exported trial balance data file e The bridge will post an amount that is the net of the beginning and ending account balances Amortized Perm Diffs e The bridge mappings of trial balance accounts to various areas of Onesource Taxstream Provision are added as needed under Manage Bridge 2 in the Administration 121 tab e Bridge mappings can be modified and deleted e To import Mappings complete the appropriate fields on the MAPD Gross Permanent Difference sheet in the Import Bridge Template Entry Fields LE CC amp UC e The LE must be a valid Unit 241 code 151 e The CC 8 UC are optional user defined codes e Entering an asterisk in the field will apply account rule across all units Ledger Account Code e The Ledger Acc
281. q mr mu yt mx fm md mc mn ms ma mz na nr np nl an nc nz ni ne ng nu nf kp mp no om pk pw pa pg py pe ph pn pl pf ONESOURCE Country Name Costa Rica Croatia Cuba Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic East Timor Ecuador Egypt EI Salvador Equatorial Guinea Eritrea Estonia Ethiopia Falkland Islands Faroe Islands Fiji Finland France French Guyana Gabon Gambia Georgia Germany Germany Ghana Gibraltar Great Britain Greece Greenland Grenada Guadeloupe French Guam USA Guatemala Guinea Guinea Bissau Guyana Haiti Heard and McDonald Islands Honduras Hong Kong Hungary Iceland India Indonesia Iran Irag Ireland Israel Enterprise User Manual Country Code cr hr cu cy cz dk dj dm do tp ec eg sv gq er ee et fk fo fj fi fr gf ga gm ge de de gh gi gb gr gl gd 9p gu gt gn gw gy ht hm hn hk Country Name Portugal Puerto Rico Qatar Reunion French Romania Russian Federation Rwanda S Georgia amp S Sandwich Isls Saint Helena Saint Kitts amp Nevis Anguilla Saint Lucia Saint Pierre and Miquelon Saint Tome Sao Tome and Principe Saint Vincent amp Grenadines Samoa San Marino Saudi Arabia Senegal Seychelles Sierra Leone Singapore Slovak Republic Slovenia Solomon Islands Somalia South Africa South Korea Spain Sri Lanka Sudan Suriname Sw
282. quity Adjustment line in the Provision tab Interim Provision Report 995 Equity Adjustment line or State Summary 124 Provision Summary 1261 State Equity Adjustment line in the Interim tab e PTBI Tax Provision Report 98 Pre Tax Book Income line in the Provision tab Interim Provision Report o Pre Tax Book Income line in the Interim tab Column By Column e Pre Tax Book Income Data Review Federal Unit Details PTBI 447 in the Provision tab Data Review Actual Federal Unit Details PTBI 7 in the Interim tab e Total Tax Provision Tax Provision Report se Total Tax Provision line in the Provision tab Interim Provision Report o Total Tax Provision line in the Interim tab e Effective Tax Rate Tax Provision Report og Effective Tax Rate line in the Provision tab Interim Provision Report o Effective Tax Rate line in the Interim tab ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review AMT Estimator Reporting Levels Control Center Configurable Options RRE T TT Source Data All Data Review Screens Available Views The AMT Estimator displays the Alternative Minimum Tax AMT calculation The report will only display when the AMT Automation 45 is chosen in the Unit Details 447 screen There are two approaches l16 to computing the AMT Reporting Currency 166 or Local Currency 67 Be sure to review the calculation to ensure that it is comp
283. r or copy when datasets are rolled over or copied Include for State The include for state determines what items will flow from the federal provision to the state provision e When a permanent 251 or temporary 251 difference is created in the Administration tab the user must choose whether or not the difference should be included or excluded from the state provision calculation e This designation can not be modified once the permanent or temporary difference has been used in the provision or compliance tab Current Non Current Entries that impact the deferred tax accounts need to be designated as either current or non current e Inthe data entry screen for Temporary NOL and After Tax Temporary Differences there is a drop down choice to choose C for Current or NC for Non Current e The Deferred Balances amp NOL Balances reports can be filtered to view the current and non current balances separately e The Temp Diff Summary report displays the current and non current balances by asset and liability iTaxStream iTaxStream 17h is the web based data collection tool that allows remote users to populated data in Onesource Taxstream Provision Parameters Parameters allow an instance of Onesource Taxstream Provision to be configured to make certain functionality calculations report views and other items available to the user e The four types of parameters are System ag Dataset 431 Unit 441 and State 557 Audit Trail All
284. r state balances e By Deferred view will display the balances sub totalled by temporary difference code and can be segregated by federal federal amp state or state balances e By Sub Totals view will insert two columns that will sub total the asset amp liability columns to their current or non current status Line By Line e Temporary Differences Data Review Federal State gt Temp Diffs 4s Amortized Temp Diffs ag State Temp Diffs 57 amp State After App Temp Diffs 58 in the Provision tab ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review NOL Reclass Data Review gt Federal gt NOL Temp Diffs 527 in the Provision tab After Tax Temp Differences Data Review Federal State gt AT Temp Diffs 50 Amortized AT Temp Diffs 50 amp State After Tax Temp Diffs 591in the Provision tab Column By Column The temporary differences are netted by item to arrive the asset or liability determination For this report all the units in the filing group s temporary differences are considered when netting Current Assets Temporary differences that were identified as C current that after tax rate have an asset balance when summed with all activity for the same temporary difference category item Current Liabilities Temporary differences that were identified as C current that after tax rate have a liability balance when summed with all activity for the same temporary difference category item Non Curr
285. r up to 26 Column Name e The column name is user defined and can be any combination of alpha amp numeric characters including spaces except for amp or The column name can be edited after it is created Assignments Activity Def Only BS Only e Each tag letter 1 1 A Z needs to have the three types of deferred events Activity Deferred Only Balance Sheet Only assigned to a column The column names and the associations to events will be displayed in reports Manage NOL Rollforwards e Up to 15 NOL Deferred Rollforwards Columns can be added and configured under System 357 in the Administration 12 tab These columns will be reflected in the expanded view of the NOL Balances report e The existing NOL rollforward column s name can be modified or deleted To delete the columns decrease the number of columns number e The NOL rollforward column assignments to tag letters t can be modified Ensure that the every column is referenced at least once in the assignments and that columns that were deleted are not being referenced in the assignments e To import the NOL Rollforward mappings complete the appropriate fields on the CNRF NOL RollForwards sheet in the Import Category Template Entry Fields Number of columns e The number can be any number up to 15 ONESOURCE Enterprise User Manual Chapter 2 Categories Set up Column Name e The column name is user defined and can be any combination of aloha amp
286. r will determine the minimum amount of keystrokes that must exist in the user s password D will use the new Alternative Minimum Tax AMT calculation method to be applied to any new dataset that is created which can be overridden with a dataset parameter 1 will create new datasets with the original AMT methodology 1 will allow additional view options will be available on the Deferred Balances report and the expanded views will display on screen vs exporting to Excel 1 will allow additional view options will be available on the Tax Provision report and the expanded views will display on screen vs exporting to Excel ONESOURCE Enterprise User Manual Reference Items USE SPPROVSUMMARYREPORTS UserExtended 0 or 1 O or 1 1 will allow additional view options will be available on the State Provision Summary report and the expanded views will display on Screen vs exporting to Excel 1 will add additional information fields about a user email phone number other in the Administer User section under the Administration tab under System ONESOURCE Dataset Parameters The following is a chart of Dataset Parameters with a summarized functionality description There are additional parameters not listed that relate to the Current Provision Freeze functionality Enterprise User Manual Reference Items Please refer to the Parameter User Guide for more information on the how parameters will modify an instance of
287. rage FX rate and the Unit s Ending Spot Rate e The CTA amounts are displayed on both the Payable Rollforward and Payable Detail Report e The Payable Rollforward and Payable Detail Report can be viewed in both Local Currency and Reporting Currency ONESOURCE Enterprise User Manual Chapter 4 Functionality Automatic Payable Posting e An Administrative User can add a Dataset Parameter which will allow the provision to automatically post to the Payable section Current Provision Posting Fiscal Year Payable Txn Payable Code Description Cash Activity Current Tax Provision Dataset Year CPROV Calculated excluding Tax Adjs with Provision NC_ code Non Cash Activity NC_RTP Dataset Year minus 1 RTP Calculated True Up NC_RTP_YEAR_NAME Year entered after NC RIP RTP Calculated True Up NC_ATR Dataset Year minus 1 ATR Audit Settlement NC_ATR_YEAR_NAME Year entered after NC_ATR_ ATR Audit Settlement NC_OTHER Dataset Year minus 1 OTHER Other The Federal amount will be posted in the Federal Payable Entry and each State will be posted in that State s Payable Entry The automatic posting will default to the payable bucket named LIAB but can be configured to other buckets either at the Dataset Unit or Unit State level The configuration is done by adding dataset 1 amp 5 unit 1 amp 5 or unit state weg parameters that all start with PAYABLE e The automatic posting will use 12 31 for the dataset year To post for a fiscal year the system sli
288. rary Difference NOL Temporary Difference and After Tax Temporary Difference screens with the codes that all begin with VA SYS One amount for the current amount and another for the non current amount All amounts will have the source tagl 161 of A e There are system codes 15 that must exist for the automation to post e There are two approaches to the Valuation Allowance Automation weg Separate Base 8 Aggregate Base NOL Creation and Utilization e The automation will post an amount as an NOL Temporary Difference with the system code NOL SYS and the source tag 1610f A The NOL automation will post a reclass to create the NOL Temporary difference when the unit has a taxable loss or will draw down an available NOL Temporary Difference when the unit has taxable income Choices made in the NOL Allowance Rate and Base NOL Allowance will impact the amount of the reclass to NOL that will be posted The NOL Allowance Rate is the percent of taxable income loss that should be considered when computing the NOL that should be reclassed for the specified unit ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review e The Base NOL Allowance e g 382 limitation will limit the amount of NOL that will be considered If there is no Base NOL Allowance the field should be left at the default value of zero e Taxes Per Books are entered in the Taxes Per Book section under Data Review 43 gt Actual 7 gt Federall 71 gt
289. rary Difference that has no entry in any dataset can be deleted e To import a new State After Apportionment Temporary Difference complete the appropriate fields on the CSAATD State After App Temp Diff sheet in the Import Category Template Entry Fields Code amp Name e The State After App Temp diff code 15 is user defined and can be any combination of alpha amp numeric characters including spaces The name can be edited after it is created e The State After App Temp diff code amp name will be displayed in the reports State Tax Adjustments e A State Tax Adjustments can be added as needed under Manage States ze in the Administration 121 tab e The existing State Tax Adjustments name can be modified e Only a State Tax Adjustments that has no entry in any dataset can be deleted e To import a new State Tax Adjustments complete the appropriate fields on the CSTA State Tax Adjs sheet in the Import Category Template Entry Fields Code amp Name e The State Tax Adjustments code 151 is user defined and can be any combination of alpha amp numeric characters including spaces The name can be edited after it is created e The State Tax Adjustments code 8 name will be displayed in the reports Manage Bridge The bridge mappings for Pre Tax Book Income 2 Tax Accounts 301 Perm Differences 30 T Diff Activity at Temp Diff BSO Ad 3 Amortized Perm Diffs sZ Amortized Temp Diff Activity ES and Trial Balances 33
290. rary Differences Unit Attributes Code ATTD A CATTD ATCH TBBB DST DPOA AG ICTX LIAB PD PD A RFL S STD TA TADJ TD U Reference Items ONE SOURCE Enterprise User Manual Reference Items Component Rollup Codes Deferred Line Rollup Line Description Code Temporary Differences TD Temporary differences balances and activity NOL Temporary Differences NOLTD NOL temporary differences balances and activity After Tax Temporary Differences ATTD After tax temporary differences balances and activity State After App Temp Diffs SAATD State after apportionment temporary differences balances and activity State After Tax Temp Diffs SATTD State after tax temporary differences balances and activity Component Rollup Codes ETR Line Rollup Line Description Code Pre Tax Book Income PTBI Pre Tax Book Income from the Unit Details screen State and Local Taxes ST Computed deductible current state and local taxes Effect of Rates Different Than Statutory ERDS Impact of the statutory rates for units where their current tax rate differs from the group tax rate defined for the dataset Permanent Differences PD Permanent differences with type of P amp L Adjustment Temporary Differences TD Temporary differences entered in the Deferred Provision Only column plus impact of change in deferred rates amp impact of difference between current amp deferred rates NOL Temporary Differences NOLTD NOL Temporary differences entered in the D
291. rary Differences sheet in the Import Category Template Entry Fields Code amp Name e The temp diff code 15 is user defined and can be any combination of alpha amp numeric characters including spaces The name can be edited after it is created e The temp diff code amp name will be displayed in the reports Deductible for State e Choose whether or not this temporary difference federal values should be includable for state 17 calculations or not e Once data is entered for this code this designation can not be modified NOL Temporary Differences A NOL Temporary Difference can be added as needed under Manage Units 2 in the Administration 1 tab The existing NOL Temporary Difference s name can be modified Only a NOL Temporary Difference that has no entry in any dataset can be deleted To import a new NOL Temporary Difference complete the appropriate fields on the CNOLTD NOL TempDiffs sheet in the Import Category Template Entry Fields Code amp Name e The NOL temp diff code 157 is user defined and can be any combination of alpha 8 numeric characters including spaces The name can be edited after it is created e The NOL temp diff code amp name will be displayed in the reports ONESOURCE Enterprise User Manual Chapter 2 Categories Set up After Tax Temp Differences e An After Tax Temporary Difference can be added as needed under Manage Units 247 in the Administration 124 tab e The existing After
292. red Tax 35 Rate Chapter 4 Functionality Weighted Average FX Rate 0 50 Ending Deferred Tax Rate 40 Deferred Provision Currency Translation Adiustment provis Rate Impacting tems 7 400 10 000 600 0 10 800 18000 14141 673 909 55 0 15778 7 400 10 000 600 0 10 600 18000 14141 673 909 55 0 45 778 D G Q 0 e e o O OQ Deferred Provision D 740 10p00 05 37 2 10 000 100 000 0 5 40 6 35 3 so0 10000705 7 404 37 EN 0 Deferred Only Activity 0 5 40 9 10 600 3 8 13 00 OOA Currency Translation Adjustment o 14 141 100 000 35 0 55 100 000 35 70 45 573 10 0007 37 0 6 10000 37 0 5 209 100 000 40 35 0 55 100 000 40 35 0 5 E 55 100007 40 37 0 55 10 000 40 375 0 5 oe D Def Only Act 40 0 55 Def Only Act 40 0 5 Qo 15778 0 0 0 0 0 e CTA Amount is Displayed on the Tax Provision Report Combining Units with Different Begin Deferred Tax Per B S Bal Sheet Only Adjustment Ending Deferred Tax Per B S CTA Deferred Provision Only Deferred Tax Provision 77 778 0 80 000 15 778 0 18 000 Currencies e On a Unit level all reports can be viewed in Local Currency e Viewing sub consolidated or consolidated level reports in Local Currency will be available if all the Units have been assigned the same currency A Unit s currency designation can be modified
293. reen clicking the button will delete the record 161 which will erase all information for this unit for the current dataset It will also delete all states that have been populated for this unit for the dataset It will not affect any other unit in the dataset or the unit in any other dataset that the unit was included in Filing Unit e A filing unit allows the ability to group units The Filing Unit is considered the Parent unit and the units that are being grouped with the parent unit are referred to as Child units Currently the system does not permit multiple tiered filing groups All units with a common Filing Unit will be treated as a single entity when applying the automated NOL AMT and netting of assets and liabilities calculations Pre Tax Book Income e PTBI Data Entry Policy There are five options for entering Pre Tax Book Income which are determined by the data entry policy From the PTBI Data Entry Policy drop down ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review menu choose the desired PTBI method h15 Pre Tax Book Income Depending on the Data Policy either the Pre Tax Book Income Local and or Pre Tax Book Income USD will be editable If the field is grayed out that means that because of the Data Policy chosen is will be a computed amount Although the field is named Pre Tax Book Income USD this can also represent Pre Tax Book Income in a Reporting Currency other than US Dollar Wghtd Av
294. reports Under each rollup set are rollup buckets that define how the data should tiered on the reports e On the reports the rolled up will be sorted alphanumerically based on the rollup bucket codes e To import rollup information complete the appropriate fields on the ZCRUZ Component Rollups sheet in the Import Category Template Entry Fields Component Rollup Sets e Name each rollup set with a name Keep in mind that the name will display in the upper right hand corner of the reports e The code must start with R and can be any code from R10 R99 that is not being used to identify another rollup set e For the rollup set choose whether this is for 1 Deferred Rollup DEF on the import template 2 Effective Rate Rollup EFF on the import template or 3 Trial Balance Rollup TB on the import template e On the import template use the code CRS when creating a new component rollup set Rollup e Name each rollup bucket needed The name can be edited after it is created The rollup name will display on the reports e The code 151 is user defined and can be any combination of alpha amp numeric characters including spaces e The rollup name amp code will display on the reports e On the import template use the code CR when creating a new rollup bucket ONESOURCE Enterprise User Manual Chapter 2 Categories Set up Associations e Each component that is in the categories will display in the component column The c
295. return The non cash provision is any current taxes that should be accrued for prior years or for amounts that are not represented on the tax return The Cash and Non Cash are segregate on separate lines of the Tax Provision report e To import information on the Tax Adjs section complete the appropriate fields on the UTA Unit Tax Adjs sheet in the Import Number Template Entry Fields Code amp Description e The codel 1518 description are established by an Administrator for the tax adjustments 261 e Entries with codes beginning with NC will designate the tax adjustment as a non cash tax adjustment Adjustment e Positive amounts will increase and negative amounts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review NOL Temp Diffs NOL temporary difference information is manage in the NOL Temp Diff section under Data Review 43 gt Actual 71 gt Federal 71 gt Unit Details 724 in the Interim 12 tab The NOL temporary differences section has three entry columns The Activity Deferred and Balance Sheet Only column amounts will impact the tax provision 18 amp differently Each NOL temporary difference line will default to being tax effected using the unit rate The beginning and ending unit rate can be overridden on a line by line basis If o
296. ride Calculated Income Payment Data Review Unit Unit Details gt Estimated Payments 47 Income Payment Override Data Review Unit Unit Details gt Estimated Payments 47 e Income Payment Due Either Rounded Payment Due or Income Payment Override e Franchise Payments Data Review Unit Unit Details gt Estimated Payments 471 e Total Payment Due Sum of Income Payment Due amp Franchise Payments ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review State Deferred Balances Report Reporting Levels n Control Center Configurable Options n Source Data Unit Details State Details Temporary Differences After Tax Temporary Differences NOL Temporary Differences Available Views Custom Rollups Summary Hybrid Detail Unit Pre Tax State FBOS state fed FBOS All current non current Contracted expanded balance sheet expanded income statement The deferred balances report displays the beginning and ending cumulative temporary difference balances and when it is expanded it will show the amounts that made up the change The default view is a pre tax view The balances can also be displayed at various tax effected levels by choosing options in the upper right corner Provision Items e State Deferred Tax Expense e State Deferred Tax Asset Liability e Currency Translation Adjustment CTA Report Views e Defaults to the pre tax and contracted view of the repor
297. risdiction The Jurisdiction Federal State or user defined jurisdiction 287 where the Payable Entry 5 was made Bucket The Payable Bucket s i chosen in the Payable Entry 53 screen e Jurisdiction Type The amounts are classified as either Federal or State depending on the Unit where the Payable Entry 531 was made Beginning Balances Amounts in the Payable Entry 53 screen for years before the dataset year Transaction Amounts by Rollup Each payable transaction 341 has an assigned payable rollup 3 and the amounts are filtered into columns by rollup code Ending Balances Sum of Beginning Balances amp Transaction Amounts by Rollup ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review State Payable Detail Reporting Levels n Control Center CS Options Source Data Provision Calculations Payable Entry Fed Only State Only Txn Types Totals Txn Types Unit Breakout Txn Types Current and Prior years Txn Types Current and Prior years Unit Breakout Txn Types Current and Prior years Bucket Breakout The report displays the information in the taxes payable detail for the units in the selected dataset or sub consolidation selected in the Control Center The supporting detail for the calculations can be seen in detailed on separate reports Provision Items Total Current Tax Provision Report Views Defaults to a view of the report for the Federal and State balances
298. ristics for each dataset that may change how data is treated or represented with Dataset Parameters e The pre established unit dataset parameters 186 can be added modified or deleted e When adding or modifying parameters use care as they can potentially change calculations across all the units in the dataset Parameters are pre defined and are case sensitive The Key Type amp Value are specifically designed for each parameter Deleting parameters is not recommended since they may be required for the system to function properly Opt instead for de activating the parameter rather than deleting it To import a new Unit State Dataset Parameter complete the appropriate fields on the USDSP USDS Params sheet in the Import Numbers Template State Details There are two sections on the State Details screen Rates Apportionment 55 amp Automation s The Unit Details screen defaults to show the Rates Apportionment section Rates Apportionment e The State Rates amp Apportionment information is manage in the Rates Apportionment section under Data Review 43 gt State 5 gt State Details 551 in the Provision 1218 Estimated Payment 13 tabs If the Beginning and Ending Deferred Tax Rates differ for a unit the system will automatically calculate any necessary change in rate adjustment on the beginning temporary difference balances The support for the calculated adjustment is displayed in the deferred balances report as a separate c
299. rovision only as well as the deferred balances e Typically this entry type is used for the impact of valuation allowances or adjustments to prior year balances Balance Sheet Only e Balance will only impact weg the deferred balances e Typically this entry type is used for the impact of equity or other comprehensive income items AT Temp Diffs After tax temporary difference information is manage in the AT Temp Diff section under Data Review 43 Actuall 71 gt Federal 7 gt Unit Details 72 in the Interim 12 tab The after tax temporary differences section has three entry columns The Activity Deferred and Balance Sheet Only column amounts will impact the tax provision r differently The after tax temporary difference should be entered on a post rate basis The appropriate federal benefit of state will be computed on these balances To import information on the AT Temp Diffs section complete the appropriate fields on the ZUATTD U AfterTax TempDffs sheet in the Import Number Template Entry Fields Code amp Description ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review e The code 1518 description are established by an Administrator for the after tax temporary difference 261 C NC e There are two Types of temporary differences balances Current and Non Current 17 Choose the Type that best relates to the balance sheet account where the deferred tax asset or liability shou
300. rred balances e Typically this entry type is used for the impact of valuation allowances or adjustments to prior year balances Balance Sheet Only e Balance will only impact weg the deferred balances e Typically this entry type is used for the impact of equity or other comprehensive income ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review items Payable Entry e Payable entry information is manage in the Payable Entry section under Data Review 43 Unit 43 in the Provision 12 tab e The payable functionality is activated with a system parameter 171 e Automatic posting from the calculated provision to the payable can be activated with a dataset parameter 171 e To maximize the payable functionality ensure that the payable set up 14 is done to reflect the activity in the taxes payable account e To import information on the Payable Entry section complete the appropriate fields on the FL Fed Liability Txns sheet in the Import Number Template Entry Fields Fiscal Year e The fiscal year should be the year that the payable entry relates to Jurisdiction e The jurisdiction will default to FED when data is entered at the unit level Txn Type e The choices displayed are established by an Administrator for the transaction types 341 Txn Bucket e The choices displayed are established by an Administrator for the transaction buckets 341 Src e The Src tag wei letter is used to identify e
301. rt Provision to Return 171 Exporting Reports to Excel 12 F FAS123R 162 163 FAS52 152 FBOS 95 Federal AT Temp Diffs 61 71 75 InterCo Txn Entry 61 71 Interim Unit Details 61 NOL Temp Diffs 61 71 NOL Temporary Differences 77 Payable Entry 77 Perm Diffs 61 62 71 74 TaxAdjs 61 71 Tax Adjustments Cash 76 Tax Adjustments Non Cash 76 Temp Diffs 61 71 75 Unit Details 71 72 Federal Benefit of State 95 Deferred Balances Report 95 Effective Tax Rate Report 95 Tax Provision Report 95 Federal Benefit of State Benefit 55 66 80 Federal Deductibility Rates State Beginning Deferred Rate 55 66 80 State Current Deductible Rate 55 66 80 State Ending Deferred Rate 55 66 80 Federal Est Pymt Report 102 Federal Est Pymt Summary Report 103 Federal Estimated Payment 43 Federal Estimated Payments Report 102 File Formats Index Bridge 90 Filing Group 15 44 72 Attributes 16 Automation 16 Child 16 Parent 16 Reporting 16 Filing Unit 15 16 44 72 FIN 48 Uncertain Tax Postions 172 Fiscal Year 21 23 Forecast Federal 61 State 66 Forecasted Rate Report 96 Foreign Currency Issues 154 Changein Rate 152 Currency Translation Adjustments 152 Currency Types 152 Deferred Balances 152 Foreign Exchange Rates 152 PTBI Treatment 152 Foreign Exchange Rates 18 Change 154 Deferred FX Rates 44 Wghtd Avg FX 44 Foreing Domestic Summary Report 120 Franchise Payments 47 Function Tabs 11 Administration tab 12 Estimated Pa
302. rting with NC so that the results will be represented after the cash provision total The deferred tax expense and deferred tax asset liability true up can be achieved by entering the true up as a deferred only temporary differences Net Operating Losses e f the true up is to a year where the provision was in a Net Operating Loss position the NOL should be offset instead of the taxes payable account Multiple Dataset Approach In the multiple dataset approach the Return to Provision true up adjustments for the Prior Periods are entered in a separate dataset The true up dataset is layered with the current year s activity in another dataset in a reporting dataset to show the total current provision There are pros and cons to this approach Pros ONESOURCE Enterprise User Manual Chapter 4 Functionality Onesource Taxstream Provision automatically calculates the current expense e Amount is recalculated if items change e Perm adjustments flow from federal to state therefore the state current expense is automatically calculated e Information is isolated from current year provision e Adjustments to Temporary differences will not display in the effective rate report Cons e There will be multiple datasets that need to be managed including appropriate tax rates e The deferred tax assets liabilities balances either needs to migrated from the true up dataset or the balances will be in two different datasets The balances
303. ry This report displays the last date and time that a user logged in TS Database Analyzer In order to use this functionality you must agree to the following statement Onesource Taxstream Provision does not support or warrant the accuracy or validity of any numbers produced by this tool You must agree that you will not rely on the results of queries run within to support any tax provision calculations The functionality is designed for users that have a working knowledge of database and database queries SQL The query analyzer gives you the ability to run ad hoc queries against the database e Results of run queries can be exported to Excel by choosing the Export Excel from the File View option on the upper left side of the Menu Bar 121 Query filters ls must be used to generate Report Ready Views which have pre calculated report ready results views Views contain both local and reporting currency numbers Administrators can also launch the TS Database Analyzer at the dataset level in the Provision tab under Reports Administration TS Database Analyzer 1481 Audit Trail The audit trail captures and displays all of the data that is entered adjusted or deleted in the system Each entry is identified by the user and given a time and date stamp The View By filtering option allow the data to be scoped to a manageable output level The report generated will detail what change occurred by displaying the original entry and the c
304. s 41 After Tax Temp Differences Data Review Federal AT Temp Diffs 50 amp Amortized AT Temp Diffs 507 Only amounts entered as Activity Deferred Only or Balance Sheet Only entries do not impact the current tax provision calculation Cash Tax Adjustments Data Review Federal Tax Adjs 5 Only cash items where the codes do NOT start with NC Cash Provision Sum of Federal Tax Current After Tax Temp Differences amp Cash Tax Adjustments Non Cash Tax Adjustments Data Review Federal Tax Adjs 51 Only non cash items where the codes start with NC Total Current Federal Provision Sum of Cash Provision amp Non Cash Tax Adjustments Begin Deferred Tax Per B S Deferred Balances vo report Total Beginning Balance column with the fed view option Bal Sheet Only Adjustment Data Review Federal Temp Diffs 48 Amortized Temp Diffs so NOL Tem Dilts s times the appropriate rates 41 plus Data Review Federal AT Temp Diffs 501 amp Amortized AT Temp Diffs 501 Only amounts entered as Balance Sheet Only entries do not impact the current tax provision calculation Ending Deferred Tax Per B S Deferred Balances 107 report Total Ending Balance column with the fed view option CTA Deferred Balances 107 report Total CTA column with fed or fed fbos amp expanded i s view options Deferred Provision Only Data Review Federal Unit Details PTBI 44 e Deferred Tax Provision Begin Deferred Tax Per
305. s Total State Tax Provision Sum of the Total Current State Provision Deferred State Tax Provision amp State Equity Adjustment lines e State Forecasted Rate Total State Tax Provision divided by Pre Tax Book Income Annual Estimate Provision Summary State Reporting Levels n Control Center SE Options Source Data All Data Review Screens excel breakout States The report displays an overview of the different elements of the state tax provision broken out by states for the selected dataset unit or sub consolidation selected in the Control Center The supporting detail for the calculations can be seen in detailed on separate reports Provision Items e Total State Tax Provision Report Views e Defaults to the state by state view of the current deferred and equity tax provision view of the report e Choosing breakout States will display the underlying detail calculations for the state provision expenses Line By Line e Current State sh Tax Provision 134j State Current Tax Provision line e Deferred State 13h Tax Provision 134 State Deferred Tax Provision line e Equity State ar Tax Provision 134i State Equity Adjustment line ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review State Tax Prov Rpt Breakout Reporting Levels n Control Center CS Options Source Data All Data Review Screens The report displays the state tax provision calculatio
306. s Currencies 38 TS Database Analyzer 39 View Audit Trail 39 View Categories Audit Trail 40 System Audit Trail 17 System Code 15 System Parameters 17 181 GLOBAL XSL 36 Overview 36 UsersExtended 37 e Tag Description 38 Tag Letters 16 Tax Adjustments 26 Federal Cash 51 64 76 Federal Non Cash 51 64 76 State Cash 60 70 84 State Non Cash GO 70 84 Tax Basis 27 Tax Basis Balance Sheet 27 54 79 170 Index Cumulative Temporary Differences 169 Other Adjustments 169 Trial Balance 169 Tax Contingencies 172 Tax Provision Report 98 99 101 Tax Rate Change 154 Tax Return 27 Taxable Income 10 TaxStream Concepts 15 TaxStream Format 86 TaxStream Software Version 12 Temporary Differences 25 Activity 48 62 75 After Tax Temporary Differences 50 63 75 Amortized After Tax Temporary Differences 50 Amortized Temporary Differences 49 Balance Sheet Only 48 62 75 Cumulative Temporary Difference 48 62 75 Current and Non Current 48 62 75 Deferred 48 62 75 Equity 48 62 75 NOL Temporary Differences 52 64 77 Other Comprehensive Income 48 62 75 Valuation Allowances 48 62 75 Temporary Differences Summary Report 112 Temporary Differences Summary Report Fed Filing Group 113 Terminology 15 Thousands Separators Currency 152 Total Provision Calculation 10 Trial Balance 26 27 54 79 Trial Balance Balance Sheet 123 Trial Balance Income Statement 123 Trial Balance Tax Basis 54 79 Truncate
307. s PADJ PRV Settlement SET EST Return To Provision True Up Federal PRTP F PRV Settlement CCI Other Fed SET CCIR EST Return To Provision True Up PRTP PRV Settlement CEI Other Fed SET CEIR EST Intra Year Reclass Federal ADJ F RCL Unitary Allocations UALLOC EST Intra Year Reclass ADJ RCL ONESOURCE Enterprise User Manual Permission Component Types Description Permission Component Types After Tax Temporary Differences Jurisdictions Liability Transactions NOL Temporary Differences Permanent Differences List State After App Temp Diffs State After Tax Temp Diffs State Permanent Differences State Tax Adjustments Tax Adjustments List Temp Differences Amortized Temporary Differences List Code ATTD J LTXNS NOLTD CPD SAATD SATTD SPD STADJ CTADJ TD A CTD Access Component Types Description Access Rights Level Reporting Dataset List Sub Consolidation List Unit List Preparer iTaxStream 1st Reviewer iTaxStream 2nd Reviewer iTaxStream Code CDS CSC CU SO1 SO2 SOS Other Component Codes Description Other Component Codes After Tax Temp Diffs Amortized After Tax TD List Attachments Book Trial Balance Dataset Types Deferred Provision Only Adjs Global Attachments Intercompany Transactions Liability Txns Permanent Differences Perm Differences Amortized Roll Forward Liability State Attributes State Temporary Differences Tax Accounts Tax Adjustments Tempo
308. s Set up Click on the Browse button to locate the file Once the user chooses to Add or Update the file will be stored in the database so any future changes to the original file will not affect the one being used by the system Description Enter a description of the file being uploaded Administer Users A new user can be added under System In the Administration 123 tab Each user needs to be established with a unique name to access the software An existing user s username access level and rights can all be modified Additionally the user s password can be changed or reset by an administrative user Hosted solutions may have other password rules The report in the Provision Tab under Reports Consolidated User Status 133 displays a list of the users with their current information and their status To import the Administer User mappings complete the appropriate fields on the ZCUSRZ Users amp CUC User Component Access sheets in the Import Category Template Entry Fields Username User ID This name is a user defined name and can be any combination of alpha amp numeric characters including spaces Where possible it is preferred that a period or an underscore is used instead of a space The unique username created is case sensitive The name can be edited after it is created User Level Admin Rights amp Status There are four choices Administrator Read Write Read Only amp Inactive In the import templ
309. s State Apportionment 96 line e NOLs Data Review State State After App Temp Diffs 58 e Apportioned Income Sum of Apportioned Income Pre NOL amp NOLs lines State Tax Rate Data Review State State Details e Only displayed at the Unit level To see this line in the consolidated or sub consolidated level choose unit breakout Tax Before Credits Apportioned Income line times the current State Tax Rate line After Tax State Temp Differences Data Review State State After Tax Temp Diffs 591 Only amounts entered as Activity Deferred Only or Balance Sheet Only entries do not impact the current tax provision calculation Cash Tax Adjustments Data Review State State Tax Adls ei Only cash items where the codes do NOT start with NC ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review e Cash Provision Sum of Federal Tax Tax Before Credits After Tax State Temp Differences amp Cash Tax Adjustments Non Cash Tax Adjustments Data Review State State Tax Adjs eg Only non cash items where the codes start with NC Current State Provision Sum of Cash Provision amp Non Cash Tax Adjustments Begin Deferred Tax Per B S Deferred Balances won report Total Beginning Balance column with the state view option Bal Sheet Only Adjustment Data Review Unit Temp Diffs 481 Amortized Temp Die 50 NOL Temp Gin 52 plus Data Review State State Temp Diffs 57 times the appropriate r
310. s added to a reporting dataset it will be locked as read only To make changes to the dataset remove it from the reporting dataset to make edits available Make necessary changes and re add it to the reporting dataset Additive datasets e Ideal when there are different types of data for a specific period that needs to be both isolated and combined with other data for the same period The reporting dataset can have as many datasets as necessary as long as they have the same year and period The rates and balances within each dataset are maintained and the reporting dataset displays the net impact of all the datasets in the reporting dataset ONESOURCE Enterprise User Manual Chapter 4 Functionality Combined Dataset Combined datasets 211 option takes information in separate datasets and merges the data to create a new dataset There are several configurable items and several assumptions made by the system when a new dataset is created by combining existing datasets Be sure to check the new dataset s results as it may not be what is expected Combined datasets Ideal when looking to merge certain activity in multiple datasets where the Weighted Average FX rates Federal amp State Current rates and State Apportionment rates are the same across all the datasets When the combined dataset is created users are able to specify the 1st dataset which will be used to populate beginning rates and the last dataset that will be use
311. se and negative amounts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency Deferred e Deferred will Impact s the deferred provision only as well as the deferred balances e Typically this entry type is used for the impact of valuation allowances or adjustments to prior year balances Balance Sheet Only e Balance will only impact weg the deferred balances e Typically this entry type is used for the impact of equity or other comprehensive income items State After Tax Temp Diffs e State after tax temporary difference information is manage in the State After Tax Temp Diff section under Data Review 43 gt Actual 71 gt State gr State After Tax Temp Diffs ed in the Interim Z tab The state after apportionment temporary differences section has three entry columns The Activity Deferred and Balance Sheet Only column amounts will impact the tax provision 185 differently Enter temporary differences that are applicable for state and not recognized for federal purposes To import information on the State After Tax Temp Diffs section complete the appropriate fields on the SATTDR St AfterTax TempDiff sheet in the Import Number Template Entry Fields Code amp Description e The code 151 amp description are established by an Administrator for the state after tax temporary difference 287 C NC e T
312. section complete the appropriate fields on the UTBBS Unit Tax Basis BalSheet sheet in the Import Number Template Entry Fields Code Description e The code 151 amp description are established by an Administrator for the trial balance sub lines 271 Src e The Src tag 1 letter is used to identify each line entered to the originating source Ending Book Balance e Populates the trial balance ending balance data for the period Book Adjs e Book adjustments to the ending balances can be made to generate the adjusted ending balances Tax Reclass e Tax reclasses can be made to the adjusted ending balances Other Adjustments e Other adjustments can be made to the adjusted ending balances ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review State All the State or Jurisdictional data is entered and stored in the State area Each state must have a record 161 to enter data The State can have eight areas Administration 55 State Details ss State Perm Diffs 574 State Temp Diffs 574 State After App Temp Diffs o State After Tax Temp Difts sg State Tax Adjs 018 State Payable Entry 601 Administration Administrative user can access unit state dataset parameters 551 which control some unit level features Unit State Dataset Parameter e Unit State Dataset Parameters are defined in the Navigator under Data Review gt State gt Administration e An administrator can set characte
313. ssions to The unit code must be in Enterprise or on the CU Units spreadsheet To allow the component to be access by all units then an asterisk may be placed in this field for use as a wild card e NOTE You may want to default so that all units have access to Component Types by using a wild card If it is later determined that not all units should have access the wildcard can be changed to a specific assignment Component Types amp Member Components e There are twelve available permission component types ap that can have underlying members components associated By choosing the permission component type in the drop down the available member components will display Check the member components that should be available for the unit Unit rights can be cloned from another user using the Copy from Unit option Permission access rules can be assigned to users using the ZCUNCZ Unit Component Access sheet in the Import Category Template The unit and the Components Type Code wat must be entered for each related member component 19 code along with the related Action type There are two Action Codes G Grant amp D Deny A wildcard can be used to assign rights to all users by entering an asterisk Manage Countries Currencies e The country and currency codes will be assigned to a unit 241for reporting purposes e The ISO Country 7 and Currency 177 codes are pre populated in the system and they can be updated and deleted Addi
314. sting of the options This can be accomplished by entering the amortization amount as temporary difference Activity By reversing the book expense it will build a Deferred Tax Asset that can later be offset when the Options are exercised Upon Exercise When options that were issued and vest after the adoption of FAS 123R or are disqualifying distributions of ISOs are exercised it will generate a Current Tax Expense The offset to the current tax expense may be to either Equity or may have an impact on the P amp L The option expense should be entered as Activity for the temporary difference that was created during the vesting period e he Excess Benefit Detriment treatment needs to be determined Excess Benefit or Windfall tax expense is greater than the book expense should be entered as a Balance Sheet Only adjustment to the temporary difference to clear the remaining deferred tax liability created when the tax expense was taken The same amount should also be an addition to the APIC pool Excess Detriment or Shortfall tax expense is less than the book expense require the measurement against the APIC pool to determine if there is available APIC to offset the detriment If there is capacity in the APIC pool enter the detriment as a Balance Sheet Only adjustment to the temporary difference to clear the remaining deferred tax asset If there is no APIC pool or not enough to absorb the entire detriment enter the excess amount as a Deferred
315. systems e There are system codes 15 that are used in automatic postings and other code conventions that will present data differently e Administrative users are responsible for creating and maintaining codes System Codes There are some codes that the system either requires or codes that if used will behave differently than other codes The description for system codes can be modified in the Administration section but the code should not be modified e Valuation Allowance Automation system codes Temporary Difference codes VA_SYS_PTTD_C amp VA_SYS_PTTD_NC NOL Temporary Difference codes VA SYS NOLTD C amp VA SYS NOLTD NC After Tax Temporary Difference codes VA SYS ATTD C amp VA SYS ATTD NC e NOL Temporary Difference code NOL SYS The code can be extended e g NOL SYS 2007 e Non Cash Tax Adjustments code NC The code can be extended e g NC FIN 48 Datasets Datasets define the periods of time and type of data that is being captured e Ablank dataset can be created or an existing dataset can be copied or rolled over to new datasets using the Manage Datasets 21 functionality e Multiple dataset can be viewed at a single time by either using the Reporting Dataset 170 or Combining Dataset 17 functionality e Administrative users are responsible for creating and maintaining Datasets 21 Reporting Datasets Reporting Datasets allows the combination of datasets e The two types of Reporting Datasets
316. t details e Rollups 191 are user defined groupings that allows the detail level component data to be consolidated to be rolled up to a higher level Creating and managing rollups 40 for the report are done in the Administration tab For example a Rollup may assist in generating the footnote while another may explain the results for management reporting e The summary hybrid detail amp unit view options will display either rate effected or pre tax balances with various levels of detail To view the summary view first choose a rollup code by clicking on the name then choose summary to view the report summarized by the chosen rollup code The hybrid view will display both the rollup sub totals and the underlying detail for each rollup code The detail view will show the report at a detailed level The unit view will group the balances into a single line for each unit in the sub consolidation or consolidation e The pre tax State 8 FBOS options determine what rates should be applied to the temporary differences It will either apply the default unit rates or the rated that were entered to override the unit rate for a specific line item Either the State FBOS or the Federal FBOS option will display depending on the federal benefit of state 9 dataset parameter ad that is chosen e The all c current nc non current option allows the report to be filtered by the balance sheet status e The contracted expanded b s amp e
317. t file As with all other imports in the Onesource Taxstream Provision system once the file reaches a blank line the system will consider it a dead line and end the import If there is more information found after the blank line it will not be represented in the system There should not be any commas used in large numbers as separators This can throw off the import file or cause information to be rejected Example 2 598 758 should be shown as 2598758 in the extract file Column Definitions 4 or 6 column format Unit Code e This is the unit code that the GL Account Code corresponds to This code 24 must be in the system Cost Center Code 6 column format only e This is a user defined code associated with a level of information found in the general ledger system If the user does not track beyond the Unit level then this column should simply use a wild card to hold its place User Specific Code 6 column format only e This is a further level of detail based on a user defined code As with the cost center code a user should use a wild card as a placeholder if not in use General Ledger Account Code e This is the actual book code kept in the user s general ledger system When the bridge mappings are created this code will be assigned to a component code within Enterprise Beginning Balance e The beginning balance as found in the general ledger system If the user is pulling in income statement items this column may be p
318. taset is user defined and can be any combination of alpha amp numeric characters including spaces up to 60 characters The dataset name can be edited after it was created e The dataset name will be displayed in the control center and in the header of the reports Interim Rate Basis e The interim rate basis is determined on a dataset basis and will dictate how the forecasted tax rate is applied to the actual pre tax book income Overall basis will apply a blended forecasted rate to all units while the Unit by Unit basis will apply each unit s forecasted rate e When the Unit by Unit basis is chosen the user must designate a true up unit where the rounding should be posted Read Only R O e When the data entry process has been completed the data can be secured by marking the datasets as Read Only e The data and reports in Read Only datasets can be reviewed but the entry screens will have the warning No Edit Allowed and the entry screens will have a gray font Fiscal Year e Fiscal Year must be assigned to a interim dataset when it is created Group Tax Rate e The rate entered will be used in the Effective Tax Rate report as the statutory rate that the provision will reconcile to ID e The ID is a system generated ID that is assigned to the dataset This field is not editable ONESOURCE Enterprise User Manual Chapter 2 Categories Set up Manage Units Units 241 Sub Consolidations 241 Permanent Differences 251 Tempor
319. te State After Tax Temp Diffs 83 Only amounts entered as Balance Sheet Only entries do not impact the current tax provision calculation Ending Deferred Tax Per B S Deferred Balances 107 report Total Ending Balance column with the state view option CTA Deferred Balances on report Total CTA column with state or state fbos amp expanded i s view options Deferred Provision Only Data Review Actual State State Details 80 e Deferred Tax Provision Begin Deferred Tax Per B S plus Bal Sheet Only Adjustment minus Ending Deferred Tax Per B S plus CTA and Deferred Provision Only lines Equity Adjustment Data Review Actual Federal Perm Diffs 741 Reversal of the impact to the current provision for Equity Adjustment Permanent Differences Total State Tax Provision Sum of the Total Current Provision Deferred Tax Provision amp Equity Adjustment lines ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review State Tax Provision Estimated Payments Reporting Levels n Control Center Gg Options Source Data All Data Review Screens The report displays the state tax provision calculations for the specific state selected in the Control Center The supporting detail for the calculations can be seen in detailed on separate reports Provision Items Current State Tax Expense Report Views Defaults to a detail view of the report Line By Line Pre Tax Book Income Data Revi
320. ted average FX rate to reporting currency Temp Diffs State temporary difference information is manage in the State Temp Diff section under Data Review rath State 55 gt State Details ss in the Provision 1218 Estimated Payment 121 tabs The state temporary differences section has three entry columns The Activity Deferred and Balance Sheet Only column amounts will impact the tax provision 1s amp differently Each state temporary difference line will default to being tax effected using the unit rate The beginning and ending state amp unit rates can be overridden on a line by line basis If only the beginning or ending rate is being overridden the user must still populate the field for the other rate or it will default to a zero rate Enter temporary differences that are applicable for state and not recognized for federal purposes To import information on the State Temp Diffs section complete the appropriate fields on the STD St Temp Diff Adjs sheet in the Import Number Template To Update the State by State Override Deferred Tax Rate on all State Temporary Differences complete the appropriate fields on the STDR State Temp Diff Rates sheet To Generate a State Temporary Differences based on the Federal Temporary Differences complete the appropriate fields on the 4STD Generate State Temp Diff sheet in the import_update_rates template Entry Fields Code amp Description e The code 151 amp description are established by an
321. ter 2 The View Overview option will rollup the report to display the Pre Tax Book Income Annual Estimate the Total Tax Provision and the Forecasted Rate for the Federal and State information e The View Summary option will display the report with the component level information e The View Detail option will display the report with the line by line level information Line By Line Pre Tax Book Income Annual Estimate Data Review gt Forecast gt Federal gt Interim Unit Details 61 Deductible State Tax Current state tax provision from the calculation at the bottom of the report times the federal deductible rates entered for the states Permanent Differences Data Review Forecast Federal Perm Diffs 47 amp InterCo Txns 531 e Temporary Differences Data Review Forecast Federal Temp Diffs 4818 Amortized Temp Diffs 50 e NOL Reclass Data Review Forecast Federal NOL Temp Diffs 521 e Federal Taxable Income Post NOL Sum of Pre Tax Book Income Annual Estimate Deductible State Tax Permanent Differences Temporary Differences amp NOL Reclass lines Unit Tax Rate Data Review Forecast Federal Unit Details 44 Only displays at the Unit reporting level Federal Tax Current Federal Taxable Income Post NOL times the current unit tax rate s 44 After Tax Temp Differences Data Review Forecast Federal AT Temp Dis so amp Amortized AT Temp Diffs 505 ONESOURCE Enterprise User
322. ter 2 Categories Set up Chapter 2 Categories Set up This chapter will discuss how to establish the system set up information required before data can be entered The Administration tab s user defined options including general set up user rights parameters and querying the database will be described in detail Administration A company s specific configurations in Onesource Taxstream Provision are known as the categories Category items are established in the Administration tab which is only accessible by an Administrative user NOTE Categories are universal to all datasets and any change to them will retroactively affect prior data Manage DataSets Datasets a Reporting Datasets 224 and Interim Datasets 2s are created and managed in the Administration 127 tab in the Manage DataSet section Dataset e Le are five options for creating a dataset under Manage DataSets 21 in the Administration 121tab An empty dataset will create a dataset that will not contain any data An entire existing dataset can be copied to a new dataset A copy of only certain areas of the existing dataset can be designated in the filter deferred section to a new dataset An existing dataset can be rolled over to a sequential period The ending balance and rates will become the beginning balances and rates in the new dataset A group of datasets can be combined to generate a single combined dataset Use care when using the Combine vor function
323. ter Tax Temp Diffs sin the Interim tab Column By Column e The temporary differences are netted by item to arrive the asset or liability determination For this report only temporary differences entered for each single unit are considered when netting The Temp Diff Summary Fed Filing Group m report has the ability to net balances across units in a filing group The Net Deferred Asset Liability 113report has the ability to net balances across units based on their unit s country designation ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review e Current Assets Temporary differences that were identified as C current that after tax rate have an asset balance when summed with all activity for the same temporary difference category item Current Liabilities Temporary differences that were identified as C current that after tax rate have a liability balance when summed with all activity for the same temporary difference category item Non Current Assets Temporary differences that were identified as NC current that after tax rate have an asset balance when summed with all activity for the same temporary difference category item Non Current Liabilities Temporary differences that were identified as C current that after tax rate have a liability balance when summed with all activity for the same temporary difference category item Temp Diff Summary Fed Filing Group Reporting Levels Lo ag Fi
324. terim dataset can be created in the Administration tab under Manage Datasets Data Entry Dataset Name Interim Rate Basis New Interim Dataset e Overall FiscalYear Group Tas Hate Bead C Unit by Unit P 2008 35 0000 Only Save New Cancel Import Export Interim Rate Basis e The rate basis choice of either Overall or Unit by Unit determines how the computed Annualized Forecasted Tax Rate is applied to the Actual Pre Tax Book Income e The Overall rate basis will apply the consolidated forecasted rate to all of the units The Unit by Unit rate basis will apply each unit s component of the overall forecasted rate to the unit and will post a true up adjustment to the designated True Up Unit e See the Forecasted 159 amp Actual 160 descriptions for more information on this functionality Read Only Options e Anentire Interim dataset can be locked as Read only By clicking the Read Only box users will be unable to enter data in the dataset e The prior quarters will be locked as read only when Advance to next quarter is chosen See the Interim Process er description for more information on this functionality Import amp Export of Data e All quarters of forecast and actual data plus the Interim dataset configuration can be exported or imported in one step in the Administration tab under Manage Datasets This functionality will generate seven Excel files when exported and all seven will be required when importing
325. the a filing group 161 allowing units to be entered in their local currency which is converted to reporting currency for the calculations and then posted to the parent unit translated back to their local currency e Net Operating Losses NOL Temp Diffs are now automatically considered and detailed for the regular tax portion of the calculation e Foreign Tax Credits Cash Tax Adjustments and Foreign Tax Credit Carryover balances requires adding a dataset Parameter with the parameter key FATTD Prefix key type ONESOURCE Enterprise User Manual Chapter 4 Functionality Alphanumeric and key value of the After Tax Temporary Difference Code If XYZ is entered for the key value than all ATTD that have a code beginning with XYZ will be considered XYZ123 XYZ001 XYZ_myforeigntaxcredit etc are now automatically considered and detailed for the regular tax portion of the calculation AMT NOL Carryover balance entered on the Unit Details is automatically limited to 90 of the AMTI is now detailed for the alternative tax portion of the calculation AMT Liability Recapture will now both post the generated AMT liability as activity to the after tax temporary difference with the code AMT_SYS as well as posting the generated recapture amount to the extend there is a beginning balance for the after tax temporary difference with code AMT_SYS AMT Local Currency The original approach to the Alternative Minimum Tax AMT has
326. the transaction types 26 Txn Code e The transaction code is a user defined Txn Date e The transaction date identifies the date of the transaction Txn Amount e The transaction amount for the intercompany transaction FX Rate Paying Unit to Receiving Unit e The weighted average rate that the paying unit uses to pay the receiving unit Yo Withholding Tax Receiving Unit e Percentage of the transaction amount that will be withheld for the receiving unit Taxable at Receiving Unit e Designate if the transaction amount will be taxable by the receiving unit It will be posted as a permanent difference Deductible at Paying Unit e Designate if the transaction amount will be deductible by the paying unit It will be posted as an offset permanent difference Withholding Tax Treatment e Designate if the withholding is D for deductible C for creditable and for Neither Trial Balance Tax Basis e Trial balance ending balances is manage in the Trial Balance Tax Basis section under Data Review 43 gt Unit 43 in the Provision 21 amp Estimated Payment 121 tabs This area populates the ending trial balance amounts and allows the user to make book adjustments tax reclasses and other adjustments This can ultimately be used as the starting point for the tax basis balances sheet Typically the trial balance data is bridged into the system from a extract of the general ledger To import information on the Trial Balance Tax Basis
327. tional countries and currencies can be added as necessary e To import the country and currency codes complete the appropriate fields on the CUR Currencies amp COU Countries sheets in the Import Category Template Entry Fields Country Code amp Name e The country code 151 is user defined and can be any combination of alpha amp numeric characters including spaces The country code amp name can be edited after it is created Country Code amp Name e The currency code s1is user defined and can be any combination of alpha amp numeric characters including spaces The currency code amp name can be edited after it is created e The currency code will be displayed in the header of the reports in local currency view Manage Tags e The tagl 16 letters defined will display in the data entry screens tag source drop down e Tags will allow users to isolate and identify the originating source of the information entered in the dataset for a unit for a component Entry Fields ONESOURCE Enterprise User Manual Chapter 2 Categories Set up Description amp Tag e The description is user defined and can be any combination of alpha amp numeric characters including spaces The description can not be edited since it will change globally in the system The tag can be deleted and re added with a new description if desired The assigned tag can be any single letter of the alphabet and it can me modified Login Histo
328. tive tax rate ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Src e The Src tag 1 letter is used to identify each line entered to the originating source Amount e Positive amounts will increase and negative amounts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency State Temp Diffs State temporary difference information is manage in the State Temp Diff section under Data Review 43 gt Forecast 61 gt State 55 gt State Details ss in the Interim 12 gt tab The state temporary differences section has three entry columns The Activity Deferred and Balance Sheet Only column amounts will impact the tax provision 88 differently Each state temporary difference line will default to being tax effected using the unit rate The beginning and ending state amp unit rates can be overridden on a line by line basis If only the beginning or ending rate is being overridden the user must still populate the field for the other rate or it will default to a zero rate Enter temporary differences that are applicable for state and not recognized for federal purposes To import information on the State Temp Diffs section complete the appropriate fields on the STD St Temp Diff Adjs sheet in the Import Number Template Entry Fields Code amp Description e The code 15 amp description are estab
329. tment lines State Forecasted Rate Total State Tax Provision divided by Pre Tax Book Income Annual Estimate ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Tax Provision Reporting Levels Filing Group Sub consolidation Consolidation Control Center Configurable Options Source Data All Data Review Screens View Detail View Summary Unit Breakout Breakout Comparison Tax Provision Provision The report in the Provision tab displays an overview of the FAS 109 provision calculation 10 The supporting detail for some calculations can be seen in this report while the underlying support for other items are detailed on separate reports There are parameters 941 that may change the view of this report Provision Items e Current Federal Tax Expense e Deferred Federal Tax Expense e State Tax Expense e Equity Offset to Current Expense e Total Tax Provision e Effective Tax Rate Report Views e Defaults to a summarized view of the report details e The view detail view option will display the available underlying detail e The unit breakout view option on sub consolidated or consolidated reports will detail the unit by unit breakout It will either display on the screen or export to an Excel file depending on the version and parameter settings e The unit breakout comparison view option allows the user to create a side by side comparison of two datasets The result will be a total and u
330. to the balance sheet account where the deferred tax asset or liability should be represented Src e The Src tagli letter is used to identify each line entered to the originating source ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Beginning Balance e The cumulative after tax temporary difference balance will rollforward from the prior dataset 151 Activity e Activity will impact 1s amp the current and deferred provision as well as the deferred balances e Positive amounts will increase and negative amounts will reduce the taxable income The amounts should be entered in local currency and will be translated using the unit s weighted average FX rate to reporting currency Deferred e Deferred will Impact s the deferred provision only as well as the deferred balances e Typically this entry type is used for the impact of valuation allowances or adjustments to prior year balances Balance Sheet Only e Balance will only impact weg the deferred balances e Typically this entry type is used for the impact of equity or other comprehensive income items Tax Adjs Tax adjustment information is manage in the Tax Adjs section under Data Review 43 gt Forecast Federal in the Interim 12 tabs Tax adjustments can be thought of as a post tax permanent difference There are two types of Tax Adjustments depending on the code Non Cash Tax Adjustments have a code that begins with NC and Cash Tax
331. ulated provision to the payable can be activated with a dataset parameter 171 e To maximize the payable functionality ensure that the payable set up wu is done to reflect the activity in the taxes payable account e To import information on the State Payable Entry section complete the appropriate fields on the SL State Liability Txns sheet in the Import Number Template ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Entry Fields Fiscal Year e The fiscal year should be the year that the payable entry relates to Jurisdiction e The jurisdiction will default to the state chosen in the control center Txn Type e The choices displayed are established by an Administrator for the transaction types 34 Txn Bucket e The choices displayed are established by an Administrator for the transaction buckets 34 Src e The Src tag 1 letter is used to identify each line entered to the originating source Amount e Negative amounts will increase and positive amounts will reduce the taxable payable account The amounts should be entered in local currency Date e The choices in the drop down will be limited to dates within the dataset year Dates for other years can be imported or a system parameter 15 can be activated to remove the single year restriction FX e The weighted average rate on the date of the entry can be entered Description e Each entry line should be identified with a des
332. umn can also be expanded by choosing brkout To collapse the data choose non breakout The expanded results will either display on the screen or export to an Excel file depending on the version and parameter settings e The Use Unit Tax Rate view on Unit level reports will display the effective tax rate report either reconciling to the Group Rate chosen for the dataset or the Unit s current tax rate This option will only display on the screen in certain versions with a parameter setting Line By Line e Pre Tax Book Income Data Review Federal Unit Details PTBII44 e State amp Local Income Taxes Provision from State Summary ver Provision Summary 126 plus the Federal Benefit of State 9 impact e Effect of Rates Different than Statutory Accommodates for differences in the current tax rates ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review and the dataset s group tax rate as defined in Administration Manage Datasets 2 The difference of the unit current tax rate and the group rate is multiplied by the pre tax book income and permanent differences to arrive at an adjustment to account for the unit rates being different than statutory e Permanent Differences Data Review Federal Perm Diffs 47 amp InterCo Txns 537 Temporary Differences Data Review Federal Temp Diffs 485 amp Amortized Temp Diffs 50 Only amounts entered as Deferred Only or when there was a change in the d
333. ur quarters that make up the annual amount Estimated Annual Weighted Average FX Rate e The specified Weighted Average Foreign Exchange Rate for the unit for the period covered by the dataset The rate should be entered using the ratio of what 1 unit of the reporting currency would equal in the local currency The Weighted Average Foreign Exchange Rate is used to convert entries for the unit that have an Income Statement provision impact Users can enter 1 if the local and reporting currency are the same Exclude Unit Designation e Exclude Foreign Loss By marking the box next to Exclude Foreign Loss the system will exclude the unit from the interim provision calculations if the Pre Tax Book Income has a negative amount If the amount is positive then the unit will be included in the calculation e Exclude Unit By marking the box next to Exclude Unit the system will exclude the unit from the interim provision calculations Unit Tax Rates e The current and deferred tax rates for the specified unit will be used for all unit specific reports and will be taken into account for FBOS calculations when working with state data e f the Beginning and Ending Deferred Tax Rates differ for a unit the system will automatically calculate any necessary change in rate adjustment on the beginning ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review temporary difference balances The support for the calculated adjustment is dis
334. urrency Method 167 New Method 166 Prior Method 166 Reporting Currency Method 167 Alternative Minimum Tax AMT Local Currency Method 166 Reporting Currency Method 166 Amortized After Tax Temporary Differences Activity 50 Balance Sheet Only 50 Current and Non Current 50 Deferred 50 Amortized Permanent Differences 47 Equity Type 47 P amp L Type 47 Amortized Temporary Differences Activity 49 Balance Sheet Only 49 Current and Non Current 49 Deferred 49 AMT 166 167 AMT Alternative Minimum Tax Automation 45 73 Estimator 121 APIC Pool 162 Additional Paid in Capital Pool 163 Apportionment Pcts State Begining Deferred Apport 55 66 80 State Current Apport 55 66 80 State Ending Deferred Appport 55 66 80 Associated Products FIN A9 171 172 IAS 12 171 172 iTaxStream 171 UTP Application 171 172 Attachment Review Report 132 Audit Trail 17 Categories 40 Data 39 Automation AMT Automation 45 73 NOL Automation 45 73 State NOL Automation 56 Valuation Allowance 45 73 B Batch Printing 12 BCP Bulk Copy Paste 89 ONE SOURCE Index Beginning Deferred Tax Rates 44 72 Export Payable Categories 35 Beginning Spot Foreign Exchange Rate 44 72 Global Attachment Area 36 Book Bal Sheet 27 Import Categories 41 Book Tax Adj activity 27 Import Reporting Datasets 41 Book Tax Adj balances 27 Intercompany Transactions 26 Bridge Archieve Data Interim Datasets 23 Loaded raw balances 93 Login History Report 39 Not Mappe
335. ustments This can ultimately be used as the starting point for the tax basis balances sheet Typically the trial balance data is bridged into the system from a extract of the general ledger e To import information on the Trial Balance Tax Basis section complete the appropriate fields on the UTBBS Unit Tax Basis BalSheet sheet in the Import Number Template Entry Fields State Code Description e The code 15 amp description are established by an Administrator for the trial balance sub lines 2A Src e The Src tag 1 letter is used to identify each line entered to the originating source Ending Book Balance e Populates the trial balance ending balance data for the period Book Adjs e Book adjustments to the ending balances can be made to generate the adjusted ending balances Tax Reclass e Tax reclasses can be made to the adjusted ending balances Other Adjustments e Other adjustments can be made to the adjusted ending balances All the State or Jurisdictional data is entered and stored in the State area Each state must have a record e1to enter data The State can have eight areas Administration a State Details 55 State Perm Diffs sr State Temp Diffs 5 State After App Temp Diffs 581 State After Tax Temp Diffs ad State Tax Adjs 601 amp State Payable Entry 60 ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Administration Administrative user can access unit
336. uting the proper result Provision Items e Current Federal Tax Expense e Deferred Federal Tax Expense e Total Tax Provision e Deferred Tax Asset Liability e Effective Tax Rate Report Views e Defaults to the a view of filing group level calculation of the report details Line By Line Local Currency Approach e Taxable Income Before NOL Reclass Tax Provision Report 9 Federal Taxable Income Pre NOL line e AMT Pre Tax Adjustments Unit Details AMT Automation 4 AMT Adjustments e AMTI Alternative Minimum Taxable Income Sum of Taxable Income Before NOL Reclass amp AMT Pre Tax Adjustments AMT Tax Rate or max Unit Details AMT Automation 457 AMT Tax Rate AMT Tax Pre Credits AMTI times AMT Tax Rate AMT Credits Unit Details AMT Automation 451 AMT After Tax Adjustments AMT Tax Sum of AMT Tax Pre Credits amp AMT Credits Cash Provision Before NOL AMT Reclass Tax Provision Report 981 Cash Provision line minus the NOL Reclass and any AMT reclass in After Tax Temporary Difference line e AMT Reclass If AMT Tax line is greater than the Cash Provision Before NOL AMT Reclass line then the difference is recorded It will be posted to both the tax provision as a tax adjustment increasing the provision and as a reclass to an After Tax Temporary Difference Column By Column e Single column displays the calculation for the unit of filing group Local Currency Approach Line By Line e Taxable Income Be
337. x TempDiff 28 41 CSC Sub Consolidations 24 CSC Sub Consolidations 41 CSC2 Sub Cons Units 24 CSC2 Sub Consolidations 41 CSTA State Tax Adjs 29 41 CTA Tax Adjustments 26 41 CTBL Trial Balance Lines 26 41 CTBSL Trial Balance SubLines 27 41 CTD Temporary Differences 25 41 CU Unit 24 41 CUC User Component Access 37 41 CUSR Users 37 41 ICOTXNT Inter Co Txn Types 26 41 Import Errors 41 187 Import Log Import Numbers Spreadsheet 89 Import Numbers Template DP Datasets Params 43 71 FL Fed Liability Txns 53 77 ICOTXNS Inter Co Txns 53 65 78 J Jurisdictions 43 JES Journal Entries 44 72 JETAX JE Tax Calcs 44 72 S States 55 56 66 80 ZSAATD St AfterApp TempDiff 58 68 82 ZSATTD St AfterTax TempDiff 59 69 83 SL State Liability Txns 60 84 ZSPMZ State Perm Mods 57 67 81 STA State Tax Adjs 60 70 84 STD St Temp Diff Adjs 57 68 82 ZU Unit 44 45 46 47 72 73 74 ZUATTD U AfterTax TempDffs 50 63 75 ZUATTDAMZ Unit AfterTaxTD Amort 50 ZUDSPZ UDS Params 44 71 ZUNOLTD Unit NOL Temp Diffs 52 64 77 ZUPD Unit Perm Diffs 47 62 74 ZUPDAMZ Unit Perm Diff Amort 47 USDSP USDS Params 55 80 ZUTA Unit Tax Adjs 51 64 76 HUTBBS Unit Tax Basis BalSheet 54 79 UTD Unit Temp Diffs 48 62 75 ZUTDAM 7 Unit Temp Diff Amort 49 Import Spreadsheet Dataset 86 Importing the Template 86 Scruch Macro 89 Import Rolling Pin 86 Import Sprea
338. xStream and YTD functionality ONESOURCE Enterprise User Manual Reference Items Please refer to the Parameter User Guide for more information on the how parameters will modify an instance of Onesource Taxstream Provision Always use care when working with parameters ALLOWMULTICURRENCYREPORTS ALTCALC1_ADJ ALTCALC2 ADJ BRIDGE ALLOW ALL UNITS BRIDGE ALLOW SUBCON SELECT BRIDGE ALLOW UNIT SELECT BRIDGE DEFAULT TAG CC DISABLE STATES DEF RF SUMMATION COLUMN DEF RF SUMMATION NAME DISABLE DEFERREDPROVONLY DISABLE RDS CONSTRAINTS EFFRATEBRKOUT ENABLE APICPOOL EXTENDED USER RESTRICTION FILTER NAME FILTER SQL FISCAL MONTH OFFSET FORMAT FOR EXCEL GAAPTOSTAT GLOBAL XSL GlobalRegion gstags JE AUTOCREATE OUTPUTJES JE AUTOREGEN TAXCALCS JE Supplemental Labels LIMIT PAYABLE DATES LockoutMinutes MaxFailLogins YES Tax Adj Code Tax Adj Code Y or N Y or N Y or N Tag Letter 0 or 1 1 thru 26 Text 10r2 0 or 1 Oori Oori Oori Text SQL query 0 11 O or 1 Tag Letter O or 1 US or EUROPE or CANADA Tag Letter Oori Oori Text YorN Numeral Numeral YES will allow sub consolidated reports to display in Local Currency when their Unit designated Currency does not agree Used in the Alternative Provision Calculation Used in the Alternative Provision Calculation Y By default if there is no parameter which will allow all users to bridge data into
339. xchange rate The difference needed to adjust the beginning balance that was rated using the beginning deferred rate and the ending deferred rate will cause an impact to the deferred tax expense The currency translation adjustment needed to adjust the beginning balances for a change in the foreign exchange rate will not have an impact on the deferred tax expense and will be treated as an equity item View the report in expand i s to display the components of the CTA calculation Change Columns The columns that explain the change in the deferred balances are user defined in the Manage Deferred Rollforward 35 section Each tag and item can be defined to up to 26 columns Adjusted Beginning Balance A sub total column can be inserted in the report to define the adjusted beginning balances There are several options depending on the version and parameter settings Ending Balance Total of beginning balances and all of the items that occurred during the period ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review Expected Deferred Rate Reporting Levels Control Center Configurable Options Source Data State Details Available Views The report in the Provision tab displays the state expected deferred tax rate for the units that have states with active records The expected deferred rate is computed by multiplying each state s ending deferred rate times the ending apportionment factor The rate
340. xpanded i s views allow the user to view the beginning balances period change and ending balances in different ways The b s or balance sheet view can displayed both pre and post rate while the i s or income statement view is only displayed ONESOURCE Enterprise User Manual Chapter 3 Data Entry amp Review once a rate option is chosen The rate effected views supports the Deferred Tax Asset Liability when expanded b s is chosen or the Deferred Tax Expense and CTA when expanded i s is chosen The user defined columns that are displayed in the expanded views are defined in the manage deferred rollforwards 37 section under the Administration tab Any single column can be expanded to see the underlying unit by unit data by choosing brkout The expanded results will either display on the screen or export to an Excel file depending on the version and parameter settings Line By Line Temporary Differences Data Review gt Temp Dis 481 Amortized Temp Diffs or State Temp Diffs 571 amp State After App Temp Diffs ei NOL Reclass Data Review gt NOL Temp Diffs 52 After Tax Temp Differences Data Review gt AT Temp Dis st Amortized AT Temp Diffs so amp State After Tax Temp Diffs sg Column By Column Beginning Balance Beginning balances are typically populated by rolling over from prior period Amounts are populated in the beginning balance field in Data Review Unit gt Temp Diffs Ai Amortized Temp Die 501 NOL
341. y non cash items where the codes start with NC Current State Provision Sum of Cash Provision amp Non Cash Tax Adjustments Begin Deferred Tax Per B S Deferred Balances o7i report Total Beginning Balance column with the state view option Bal Sheet Only Adjustment Data Review Unit Temp Diffs 489 Amortized Temp Diffs so NOL Temp Diffs 52 plus Data Review State State Temp Diffs 57 times the appropriate rates 441 and apportionment 96 plus Data Review State State After App Temp Diffs 58 times the appropriate rates 44 plus Data Review Unit AT Temp Diffs 501 amp Amortized AT Temp Diffs 9 plus Data Review State State After Tax Temp Diffs s9 Only amounts entered as Balance Sheet Only entries do not impact the current tax provision calculation Ending Deferred Tax Per B S Deferred Balances 107 report Total Ending Balance column with the state view option CTA Deferred Balances on report Total CTA column with state or state fbos amp expanded i s view options e Deferred Provision Only Data Review State State Details 551 Deferred Tax Provision Begin Deferred Tax Per B S plus Bal Sheet Only Adjustment minus Ending Deferred Tax Per B S plus CTA and Deferred Provision Only lines Equity Adjustment Data Review Unit Perm Diffs 471 Reversal of the impact to the current provision for Equity Adjustment Permanent Differences Total State Provision Sum of the Total Current Provision Deferred Tax
342. y Difference 25 Non Current 17 Numbers Template 148 e CL Other Income Tax 47 P Parameters Dataset 17 43 71 185 Reports 94 System 17 36 181 Unit Dataset 17 44 71 186 Unit State Dataset 17 55 80 186 Parent Unit 44 72 Password 12 Change 12 Conventions 37 Hash 37 Payable Activating 149 Activating Payable Posting 150 Auto Posting Bucket Set up 150 Automatic posting 149 Entry Date 149 Fiscal Year 150 Foreign Exchange Rates 149 Payable vs Liability 149 Reporting 149 Reports 118 119 146 147 Set up 149 Transaction Types 179 Paying Entity 53 65 78 Permanent Differences 25 Amortized 47 Equity Type 47 62 74 P amp L Type 47 62 74 State 57 67 81 Permission Component Types After Tax Temporary Differences ATTD 38 Jurisdictions J 38 Liability Transactions LTXNS 38 NOL Temporary Differences NOLTD 38 Permanent Differences List CPD 38 State After App Temp Diffs SAATD 38 State After Tax Temp Diffs SATTD 38 State Permanent Differences SPD 38 State Tax Adjustments STADJ 38 Tax Adjustments List CTADJ 38 Temp Differences Amortized DA 38 Temporary Differences List CTD 38 Possible Import Error Messages 187 Pre FAS 123R Options 163 Pre Populated Codes Component Rollup Types 181 Countries 1 4 Currency 177 Date Ranges 179 Jurisdictions 173 Payable Transaction Type 179 States 173 User Component Access 180 Pre Tax Book Income 44 72 Local 44 72
343. y Template Entry Fields Code amp Name e The State code 151is user defined and can be any combination of alpha amp numeric characters including spaces The State code amp name can be edited after it is created e The State code amp name will be displayed in the control center and in the header of the reports State After Tax Temp Diffs e A State After Tax Temporary Difference can be added as needed under Manage States 28 in the Administration 12 tab e The existing State After Tax Temporary Difference s name can be modified e Only a State After Tax Temporary Difference that has no entry in any dataset can be deleted e To import a new State After Tax Temporary Difference complete the appropriate fields on the CSATTD State AfterTax TempDiff sheet in the Import Category Template Entry Fields Code amp Name e The State After Tax Temp diff code 151 is user defined and can be any combination of alpha amp numeric characters including spaces The name can be edited after it is created ONESOURCE Enterprise User Manual Chapter 2 Categories Set up e The State After Tax Temp diff code amp name will be displayed in the reports State After App Temp Diffs e A State After Apportionment Temporary Difference can be added as needed under Manage States 287 in the Administration 121 tab e The existing State After Apportionment Temporary Difference s name can be modified e Only a State After Apportionment Tempo
344. y the available underlying detail Line By Line Pre Tax Book Income Data Review Federal Unit Details PTBI Ai Deductible State Tax Current state tax provision from State Summary 124 Provision Summary 125 after apply each unit state s Current Federal Deductibility 55 rates e Permanent Differences Data Review Federal Perm Diffs 471 amp InterCo Txns 531 e Financial Taxable Income Sum of Pre Tax Book Income Deductible State Tax amp Permanent Differences lines Temporary Differences Data Review Federal Temp Diffs 4818 Amortized Temp Diffs 501 Only amounts entered as Activity Deferred Only or Balance Sheet Only entries do not impact the current tax provision calculation Federal Taxable Income Pre NOL Sum of Financial Taxable Income amp Temporary Differences lines NOL Reclass Data Review Federal NOL Temp Diffs s52 Only amounts entered as Activity Deferred Only or Balance Sheet Only entries do not impact the current tax provision calculation Federal Taxable Income Post NOL Sum of Taxable Income Pre NOL amp NOL Reclass lines Unit Tax Rate Data Review Federal Unit Details Ai Only displays at the Unit reporting level Federal Tax Current Taxable Income Post NOL times the current unit tax rate s 41 After Tax Temp Differences Data Review Federal AT Temp Diffs 507 amp Amortized AT Temp Diffs so Only amounts entered as Activity Deferred Only or Balance Sheet Only
345. yments tab 12 Helptab 12 Hometab 12 Liability tab 12 Provision tab 12 Functional Currency 152 FX Foreign Exchange 152 s e General Ledger Extract 89 90 Group Tax Rate 21 23 H Headers amp Footers 169 Helptab 12 Hometab 12 0 2009 ONESOURCE TAXSTREAM PROVISION ONE SOURCE Hybrid 19 Hyperinflationary Environment 152 IAS 12 IFRS Uncertain Tax Positions 172 Import Bridge Data 89 Categories 41 Numbers 86 Import aLicense 12 Import Bridge Template ZMAPD Gross Permanent Difference 32 33 MATD Gross Temporary Difference 32 33 ZMPD Permanent Difference 30 33 MPTBI Pre Tax Book Income 33 MPTBI PTBI 29 MTA Tax Accounts 30 33 MTBBB Trial Balance 33 MTD Temporary Difference 31 33 MTDBOS Temporary Difference Balance Sheet Only 31 33 Import Categories Import Categories Template 41 Import Category Template CATTD AfterTax TempDiffs 26 CATTD AfterTax TempDiffs 4 CD Dataset 21 41 CDR Reporting Dataset 22 41 CDRF Deferred Rollforwards 35 CDRF Deferred Rollforwards 41 CNOLTD NOL TempDiffs 25 CNOLTD NOL TempDiffs 41 CNRF NOL RollForwards 35 41 CP Parameters 36 41 CPD Permanent Differences 25 41 CPYBK Payable Buckets 34 35 CPYBK Payable Buckets 41 CPYRL Payable Rollups 34 35 CPYRL Payable Rollups 41 ZCPYTPZ Payable Types 34 35 CPYTP Payable Types 41 CRU Component Rollups 40 41 CS States 28 41 CSAATD State After App Temp Diff 29 41 CSATTD State AfterTa
346. ystem has specification for the type of file and the data it requires Onesource Taxstream Provision has an export feature for the major compliance system file formats There are some additional mappings and configurations that must be established in Onesource Taxstream Provision to mesh the provision and return presentation For more information about export to your specific compliance system either contact your Client Manager or the support 201 group Associated TaxStream Products e There are associated Onesource Taxstream Provision products that can be licensed to support the overall provision e iTaxStream 17his a data collection tool designed to guide remote users e The UTP Uncertain Tax Positions 1721 application tracks the FIN 48 IAS 12 tax reserves and generates the annual disclosures iTaxStream e iTaxStream is a web based data collection tool that can streamline the process of populating data and ultimately assist in the consolidation of provision information Unlike tax packages in Excel that require data manipulation once the user enters information in iTaxStream it will populate the database in real time e Each iTaxStream instance is configured to meet that company s data collection requirements Users are guided through the steps with company defined instructions e The specific tasks that they are being asked to perform are presented in an orderly step by step ONESOURCE Enterprise User Manual Chapter 4 Fu

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