Running Tax Automation

You can run Tax Automation for all entities, or for selected entities.

You can also use a trace capability to view the details of how the data is calculated based on the source data. When you run Tax Automation for selected entities with trace, the system calculates the Tax Automation amount and applies the Source account percentage amounts to the TaxAutomationTrace cell text label. You can then view the trace information in cell text.

The Tax Automation process only calculates CYSys and other RollForward information for which automation is enabled. It calculates either Tax or Pre-Tax accounts. For Pre-Tax accounts, tax values are not calculated until you perform a full calculation process. During the automation process, only the values in Temporary Difference and Current Provision are calculated for CYSys, OtherSys, and EquitySys RollForward members.

  To run Tax Automation, use one of these methods:

  • From the Tax Automation screen, click Run Tax Automation for all base entities, or select Actions, and then Run Tax Automation for all base entities.

  • From the Tax Automation screen, click Run Tax Automation for selected entities, or select Actions, and then Run Tax Automation for selected entities, then from the Member Selector, select the entities for which you want to run Tax Automation.

  • From the Tax Automation screen, click Run Tax Automation for selected entities with trace, or select Actions, and then Run Tax Automation for selected entities with trace, select a base entity, and when the automation process completes, click OK.