Classifying Domestic and Foreign Payable and Receivable Accounts

You can categorize tax accounts as Foreign or Domestic so that they display appropriately in the Custom TAR data forms: TAR National, TAR Regional, and TAR Combined, which displays both National and Regional. For example, you can categorize your U.S. accounts as Domestic, and non-U.S. accounts as Foreign, or vice-versa.

When you add a new DataCategory member, you must enter the Domestic or Foreign user-defined keyword. If it is blank, the member displays as both. For example, on a Custom TAR data form, both the Income Tax Payable - Domestic and Income Tax Payable - Foreign columns would be displayed.

  To classify Domestic or Foreign Payables/Receivables accounts:

  1. In the Jurisdiction dimension, make sure that the Entity domiciles are grouped correctly under the DomesticAndForeign hierarchy.

  2. In the DataCategory dimension, add a User-defined keyword to specify Domestic or Foreign.

    PropertyValue
    Property NameDomestic or Foreign
    KeywordDomestic or Foreign
    UD FieldALL
    Valid EntryYes or No
    DefaultNo
    Example

    For a Domestic member: TARFDomesticPayable001

    UD1: Domestic: Yes

    For a Foreign member: TARFForeignPayable001

    UD1: Foreign: Yes

    Description

    Domestic: If this property is set to Yes, the Payable/Receivable member is classified as a Domestic member.

    Foreign: If this property is set to Yes, the Payable/Receivable member is classified as a Foreign member.

    Based on these User-Defined properties, these Custom TAR data forms display members based on the Entity:

    • TAR Combined

    • TAR National

    • TAR Regional

    For example, if U.S. is Domestic and Non-U.S. is Foreign, if you select any U.S. entity in these data forms, the data form hides all Foreign category members automatically, and vice-versa.

    Members that are classified as Domestic or Foreign display for all Entities.

    Parent members can display both Domestic and Foreign members.