Entity User-Defined Properties

These special Entity user-defined properties should be defined for the Tax application.

PropertyValue
Property NameAllow Jurisdictional Netting National
KeywordNettingNat
UD FieldALL
Valid EntryYes or No. Valid only when specified at the Parent Entity level.
DefaultNo
ExampleNettingNat: Yes
DescriptionThis setting is used for Jurisdictional Netting. Deferred tax asset/liability classifications are calculated at the parent level if the setting is Yes for the parent entity. The setting is used in conjunction with an alternate entity hierarchy where netting is required. The result of jurisdictional netting does not impact the movement of deferred tax assets, liabilities in the Tax Account Rollforward. Calculations are performed only when all the base members of the parent entity have the same Domicile and there are no other descendants with the property value setting of Yes. If Jurisdictional Netting applies, then Asset and Liability calculations, VA allocation, and Reclass calculations are done at the parent entity level and can be viewed in the classification section of the deferred tax rollforward. This is designed for an alternate entity hierarchy.

For example:

ConsolGroup1

LE101

LE102

ConsolGroup1 is an alternate hierarchy, with two entities (LE101 and LE102), which are also part of the EasternUSA hierarchy.

PropertyValue
Property NameAllow Unitary Filing
KeywordNettingReg
UD FieldALL
Valid EntryYes or No. Valid only when specified at the Parent Entity level.
DefaultNo
ExampleNettingReg: Yes
DescriptionThis setting is similar to the National Setting, and is used for Unitary Filing. Deferred tax asset/liability classifications are calculated at the parent level if the setting is Yes for the parent entity. The result of unitary filing does not impact the movement of deferred tax assets, liabilities in the Tax Account Rollforward. Calculations are performed only when all the base members of the parent entity have the same Domicile and there are no other descendants with the property value setting of Yes. Additional Netting should be set to Yes at the Region (Jurisdiction member). Reclass calculations are done at the parent entity level and can be viewed in the classification section of the deferred tax rollforward.
PropertyValue
Property NameCalcNIBTFX
KeywordCalcNIBTFX
UD FieldALL
Valid EntryYes or No
DefaultNo
ExampleTotalCanada:CalcNIBTFX:Yes
DescriptionThis property allows you to use an NIBT override translation account for the parent Entity. By default, the rate cannot be entered at the parent. This property enables the rate to be entered at the parent. CalcNIBTFX:Yes enables the input for the override rate accounts defined under this hierarchy (CurrencyRates\Overriderates).
PropertyValue
Property NameDomicile Country
KeywordDomicile
UD FieldALL
Valid EntryOne of the countries in the hierarchy of National defined in the Jurisdiction dimension.
Default<Blank>. This keyword should be specified for all base entities.
ExampleDomicile: US
DescriptionThis entry is used to identify the principle place of business of the Entity, and to identify which Jurisdiction member is valid for the entity. For example, if the entity is set to have Domicile: US, then the valid Jurisdiction member under AllNational for the entity is US. Because US also has regional members, then all members under US_Regions are potential valid Jurisdiction members for the entity.

Caution!

If you change the Domicile for an Entity, you must clear the data for the Entity, load metadata and rules (even if no changes were made to rules), and recalculate.

PropertyValue
Property NameGroups
KeywordGrps
UD FieldALL
Valid Entry<Valid group names separated by &>
DefaultNone
ExampleLE101: Grps:G1&G2&G3
DescriptionGroups defined for Accounts (Tax or BVT Accounts) can be specified using this property. Multiple groups can be specified by using an ampersand (&) in the keyword. this allows data entry for those accounts that belong to the group at the parent level.
PropertyValue
Property NameRegional Deduction
KeywordRDeduct
UD FieldALL
Valid EntryYes or No
DefaultNo
ExampleRDeduct: Yes
DescriptionThis setting specifies whether the Regional tax expense is deductible, or if the Regional tax benefit is taxable on the National Provision. For example, if the entity has RDeduct:Yes, and if the entity has two valid regions, the amount deductible on the National provision is the sum of the Regional Current Provision of both active regions.
PropertyValue
Property NameTaxCalc
KeywordTaxCalc
UD FieldALL
Valid EntryYes or No
DefaultNone
ExampleEasternUSA:TaxCalc:Yes
DescriptionThis property can be used to allow tax calculations. By default, tax calculations are performed at the base entity and are not run at the parent entity. To override this, you can use this property.

TaxCalc:Yes. The following tax calculations are performed at the specified entity.

Clear_ValidationCellText

Pre_TaxCalculations()

Calculate_TaxCalculations(True)

Post_TaxCalculations()

Pre_TARF()

Calculate_TARF

Post_TARF()

Pre_FIN18()

Calculate_FIN18

Post_FIN18()

Pre_Validations()

Calculate_Validations

Post_Validations()

Clear_Zeros

TaxCalc:No. The above-listed tax calculations will not be performed.

PropertyValue
Property NameTaxRate
KeywordTaxRate
UD FieldALL
Valid EntryYes or No
DefaultYes
ExampleFLE601:TaxRate:No
DescriptionThis setting applies to the Entity for which data needs to be entered in Tax Effected data.

If TaxRate is set to No, then the Entity is allowed for entering tax effected amounts directly in the Deferred Tax Input schedule, and entering Tax Rates in the Entity is not allowed.

PropertyValue
Property NameValuation Allowance Allocation
KeywordVAllowAlloc
UD FieldALL
Valid EntryYes or No
DefaultNo
ExampleVAllowAlloc: Yes
DescriptionThis setting specifies whether the VA allocation is used for journal purposes in the TARF.

Note:

You cannot enter data directly into the VA Allocation accounts, because they are calculations.