The Customized JE is based on your specifications and provides a flexible approach to accounts, calculations, and format. The Custom Journal Entry lets you account for a more complex set of tax accounts. See the example for Journal Entry Data-Support for a complex set of Tax Accounts.

 

•Ability to use data in the Taxes Per Book fields.

•Uses the ONESOURCE Tax Provision Trial Balance to store the Taxes Per Book amounts.

•Allows an unlimited number of Tax Accounts.

•Provides Journal Entry by Unit and by Filing Group.

•Uses a sample Journal Entry report for more complex set of Tax Accounts.

•Uses a custom Journal Entry to extract specific accounts based on special settings (JE_TBSL_xx).

•Isolates sets of deferreds (Val. Allowance) - Specified by configuration giving first few characters of deferreds, for example, JE_FILTER1 = VA.

•Breaks out assets/liabilities, current/non-current.

•Isolates Balance Sheet Only adjustments (by tag).

•Isolates Tax Adjustments.

•Allows summation of multiple account values.

•Allows upload of G/L amounts by using spreadsheet or Bridge import.