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Reporting Entity Window Reference

Use this window to define reporting entities. A reporting entity is any person or organization that has a unique Tax Identification Number (TIN).

Name. Reporting entity name you are defining.

Location. Location of the tax reporting entity. If you have defined only one location, Payables enters that location automatically.

Description. Payables automatically enters the location description when you enter the location.

Tax ID Number. Unique tax identification number. For example, an individual's social security number, or a corporation or partnership's federal identification number/federal tax ID. If you submit the 1099 Tape for this tax entity, the value should be nine digits or the 1099 Tape program will fail.

Payables provides country specific validation of the taxpayer identification number. The validation rules are based on your "home country", as defined in the Member State field of the VAT Information region of the Financials Options window. If your home country is the same as your Default Country Profile option, then validation will be performed in accordance with the rules of your home country. If your home country is different from your default country, then no validation will be performed.

Balancing Segment Values

Value. A balancing segment value that is included in tax reporting entity. For example, you define a reporting entity called Headquarters which is comprised of Company 1, Company 2, and Company 3 (three balancing segment values). A reporting entity can have as many balancing segment values as you require. You cannot use the same balancing segment for more than one entity.

Description. Payables automatically enters the description of the balancing segment value.

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