You can add multiple classes and subclasses to the system. A Default class and subclass are available in the application. A subclass can be a description. The combination of the class and subclass makes the tax adjustment entry unique.
There are four types of Classes:
•Data Entry
•Flow Through
•System
•Transfer
Lock Selected Class
Select the Lock Selected Class to prevent a user from deleting, changing the name, or removing assignments. A lock icon appears next to the class.
Default
Select Default to select the default class and subclass.
Horizontal & Vertical View
Click Horizontal or Vertical to change the view from Horizontal to Vertical, if desired.
Expanded & Contracted View
When expanded, you can view the entire list of Classes and Subclasses.
1.Click for a Class to view the Subclass.
2.Click for the Subclass to view the Subclass Description.
DATA ENTRY
Data Entry classes and subclasses are User-Defined. These classes & subclasses are assigned to tax adjustments by an administrator. The system classes are assigned to user groups.
Default Class
•DEF - Default
Default Subclass
•Default - Default
FLOW THROUGH
Flow Through classes are User-Defined. The subclasses are created by the application. These classes are assigned to tax adjustments by the system. The system classes are assigned to user groups by an administrator.
Default Class
•FT - Flow Through
Note: The system creates a default subclass during the Flow-Through process based on the selected source & target units.
TRANSFER
Transfer classes are User-Defined. The subclasses are created by the application. These classes are assigned to certain tax adjustments by the system. The system classes are assigned to user groups by an administrator.
Default Class
•XFR - Transfer
Note: The system creates default subclass during Transfer process based on the selected source & target units.
SYSTEM
System classes and subclasses are created by the application. These Automation classes & subclasses are applied to certain tax adjustments. The system classes are assigned to user groups.
Default Subclasses
Auto - System Automation
•AMT - AMT Automation
•CTA - CTA
•Default - Default
•NOL - NOL Automation
•PAYABLE - Payable Posting
•PAYABLE - Payable Reclass
•VA - VA Automation
Estim Pay - ONESOURCE Estimated Payments
•Default - Default
Estim Pay IncTax - ONESOURCE Income Tax
•Default - Default
OCT_AU - ONESOURCE Corporate Tax AU
•Default - Default
OCT_UK - ONESOURCE Corporate Tax UK
•Default - Default
RTP - Return to Provision
•RTP - RTP
•RTP_BSO - RTP Balance Sheet Only
•RTP_DO - RTP Deferred Only
•RTP_GAAP - RTP GAAP
•RTP_STAT - RTP STAT
State App - ONESOURCE State Apportionment
•Default - Default
New Classes & Subclasses
The class identifies each line entered in the originating source.
To add Classes & Subclasses:
1.Select Administration and then Manage Data Options.
2.Click Classes/Subclasses and then one of the classes. For example, click Data Entry.
3.Click to add a New Class/Subclass and then type the New Class Code.
By default Display Name same as Code is selected.
4.Click Display Name same as Code to remove the option.
5.Type the Display Name.
6.Click Sub-Tier of and then Class. For example, click Default, GL Automation, or Pre-Tax Book Income.
7.Click OK.
Edit Classes & Subclasses
To edit a Classes & Subclasses:
1.Select the Class/Subclass and then Edit.
2.Click Edit Class/Subclass.
3.Type the New Class Name.
4.Click OK.
Delete Classes & Subclasses
To delete a Classes & Subclasses:
1.Select the Class/Subclass and then click Delete. A message appears Are you sure you want to delete the selected item(s)?.
2.Click Cancel to close without deleting the class/subclass.
3.Click OK to delete.