In Administration > Manage Units > Temporary Differences you can create Temporary Differences for entering data.

To add Temporary Differences:

1.Select Administration > Manage Units.

2.Select Add and then type the Code and Name.

3.Select None, All, or Custom for the Included for State option.

4.Select NC- Non-Current or C-Current for the Default Type option.

 

To import a new Temporary Difference, complete the appropriate fields on the #CTD# Temporary Differences sheet in the Import Categories template.

 

Code and Name

•The Temporary Difference code is user-defined and can be any combination of alpha and numeric characters, including spaces, up to 60 characters.

•You can edit an existing Temporary Difference name.

•You can delete Temporary Difference codes/names that have no data entered for them in any dataset.

•The Temporary Difference code and name appear in reports.

 

Included for State

Determine if the temporary difference federal values will be included for state calculations.

 

None

0% flows from the Federal to the States.

 

All

100% flows from the Federal to the States.

 

Custom

You can use Custom to add custom allocations on a state by state basis and abide by specific state rules.

 

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Notes:

By default, the Default Type is set to NC-Non-Current. To change the Default Type going forward, you can manually update or export the Categories, update to the proper types and then import them.

The default conditions setup at administration level may be modified at the dataset level. This allows prior datasets to be preserved at the 0% or 100% settings with manual entries. This also allows datasets going forward to have different % applied on a state by state basis.

The administrator has the ability in Manage Configurations to designate a Default Type of C-Current / N-Non-Current to a Temporary Difference. Also, the administrator may disable the drop-down list so that only the Default Type is available. Because there are cases when the Current / Non-Current default type is overwritten, the Default Type can be set up by the administrator to be overridden for any line item.

See your Administrator if you have questions about the Default Type set up in the system.

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Manage Temporary Differences