Adding Temporary Difference Accounts

The Temporary Difference Accounts spreadsheet lists the account properties available for editing. If you add an account, you must give it a unique name and specify its properties.

Table 13. Temporary Difference Account Properties

ColumnDescriptionInput TypeValid Values
NameThe label of the member in HFMFree FormOnly valid HFM label characters allowed
Tax TypeDefine the account as Pre-Tax, Tax, or ApportionedList of ValuesPre-Tax, Tax, or Apportioned only
JurisdictionDefine the account as National, Regional, or BothList of ValuesNational, Regional, or National and Regional
ClassificationDefine whether a temporary difference is Current or Non-CurrentList of ValuesCurrent or Non-Current selections only
National Benefit of Regional TaxDefine if the account will have a national benefit for its regional taxesList of ValuesYes or No only. Yes is only valid for Pre-Tax, National and Regional accounts.
Equity Temp Reversal - NationalIf a reversal account is required, select one.List of ValuesTax-Effected, National base temporary accounts
Equity Temp Reversal - RegionalIf a reversal account is required, select one.List of ValuesTax-Effected, National base temporary accounts
Tax Rate Change in EquitySelect if the temporary difference has a different rate for its equity accountsList of ValuesYes or No only. Yes is only valid for base members of TempGSTotal and TempSTTotal.
Default ParentThe default parent of the account memberList of ValuesAll parent members inside the list of temporary difference accounts
ParentsAll the parents valid for the accountFree Form 
BS Class LevelBalance Sheet class levelList of ValuesYes or No only
Class SignNegative or positive sign on the classificationList of Values 
VA Class LevelValue Allowance classification levelList of ValuesYes or No
LanguagesEach language will have its own column with the header from the previously defined HFM language ID (for example, en-US)Free FormOnly characters valid for HFM descriptions are allowed.