You can set up the Taxes Per Book by using the Other option. Taxes Per Book is available for Provision and Interim datasets. The accounts can be used for Journal Entry reports by comparing the balances and the provision calculations to arrive at the appropriate journal entries required to be posted for the period.

 

To set up the taxes per book for a dataset:

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.Click Other.

5.Select the Taxes Per Book tab.

 

Type the amount for each field.

•Federal and State Current Provision: Amounts on the Trial Balance for the current provision tax expense.

•Federal and State Deferred Provision: Amounts on the Trial Balance for the deferred provision tax expense.

•Federal and State Deferred Balance: Amounts on the Trial Balance for the deferred tax assets and liabilities.

•Federal and State Liability Balances: Amounts on the Trial Balance for the taxes payable.

 

To import taxes per book information, complete the appropriate fields on the #U# Unit sheet in the Import Numbers template.