Automatic Payable Posting

You can add a Dataset Parameter to let the provision automatically post to the Payable.

Current Provision Posting

Fiscal Year

Payable Txn

Payable

Cash Activity

 

 

 

Current Tax Provision excluding Tax Adjs with NC code

Dataset Year

CPROV

Calculated Provision

Non-Cash Activity

 

 

 

NC_RTP

Dataset Year minus 1

RTP

Calculated True-Up

NC_RTP_YEAR_NAME

Year entered after NC_RTP_

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 system posts the Federal amount in the Federal Payable Entry. You can add the parameter in Administration > System > Manage Configurations > Advanced Functionality > Payable Functionality (Recommended) > Yes. The system posts each state in that State’s Payable Entry. The automatic posting defaults to the payable bucket named LIAB, however, you can configure to other buckets at the Dataset, Unit, or Unit State level. The configuration is done by adding dataset, unit, or unit state parameters that all start with PAYABLE_.

•The automatic posting uses 12/31 for the dataset year. To post for a fiscal year, the system parameter, FISCAL_MONTHS_OFFSET, lets you determine a different month end. You can add the parameter by selecting Administration > System > Manage Configurations > Advanced Functionality. Select an option in the Designate Calendar/Fiscal Year for Posting list.

•To return to manual entry, you can 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.