Pre-Tax Book Income (Report)

You can select the PTBI Data Entry Policy to calculate data for the report. The default PTBI Data Entry Policy is Enter Local, FX; Calc USD.

 

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 list, select the desired PTBI method.

 

To change the PTBI Policy:

1.Select My Datasets.

2.For a dataset, click the Units button and the Manage Units page opens.

3.In Manage Units, click the More button and a list of options for the unit administration appears.

4.Select Rates.

5.Click Change.

Select one of the following policies to calculate data for reporting:

1.Enter USD, FX and Calc Local.

2.Enter Local, USD and Calc FX.

3.Enter Local, USD and FX.

4.Enter Local, USD, FX and Calc Rounding.

 

 

If Enter Local, USD and Calc FX policy is selected and the Local PTBI equals zero:

•The system attempts to compute the reporting by dividing zero by the Weighted Average FX and returning "unknown," with no amounts displaying in reporting currency. To display amounts in reporting currency, select another PTBI policy and enter the Weighted Average FX.

•Reports in reporting currency display with the message: Unit(s) included in the report have an Unknown Weighted Average FX. Amounts in those units will be excluded in reporting currency.

•When using the last two policies, Effective Tax rates may differ in Local Currency and Reporting Currency because the PTBI is using a different Weighted Average rate than the entered Weighted Average.

•When using the last policy, the rounding amount is included on a separate line in the Effective Tax Rate report.

•Regardless of the policy selected, amounts other than the PTBI are converted at the entered Weighted Average or Spot rate.