You can layer Temporary Differences to create the Tax Basis Balance sheet. You use the Tax Basis Mapping option in My Datasets > More to create the mappings.

 

Component Types available: After Tax Temporary Differences, NOL Temporary Differences, Permanent Differences, Temporary Differences.

 

•You will see Tax Basis Mapping only in Tax Provision datasets.

•The Debit and Credit drop-down lists contain trial balance sublines and are used to configure the Tax Basis Balance Sheet and Tax Basis Income Statement.

•The trial balance sublines are available in the Debit and Credit drop-down lists. The sublines remain in the lists, even after the sublines are assigned to a temporary difference.

•You can map multiple temporary differences to the same trial balance sublines.

•The same trial balance subline can be entered as a debit and credit for a single temporary difference.

•A Temporary Difference will not appear in the Difference list, once you add it to Tax Basis Mapping.

•To change or delete a Tax Basis mapping line, you must remove all data associated with the mapping.

•When both sides post to the Balance Sheet, you can set one account as the offsetting Contra Account.

•You can designate whether the debit account or the credit account has the reverse sign. Then, the two temporary adjustments will offset each other.

•You can set one account as the offsetting Contra Account when you are setting up two Balance Sheet accounts and select a credit or debit balance for the entry.

•The temporary difference and trial balance sublines are set up in the Trial Balance Sublines page in Administration.

•The same trial balance subline can be entered as a debit and credit for a single temporary difference.

•Trial Balance Sublines are set up in Administration > Manage Trial Balances > Trial Balance Sublines.

 

See Trial Balance Sublines for more information about setting up the Tax Basis Balance Sheet and Tax Basis Income Statement.