The NOL Automation screen enables you to configure the rules defining how the system should automatically defer, utilize, or expire tax losses and book the corresponding offset amounts.
To define Net Operating Loss/Credit rules, you must have Administrator or Power User security rights.
NOL Automation rules execute as part of the Calculate process and cannot be invoked as an on-demand rule.
The system inserts a new row in which you can define the rule.
Deferral (not valid for the base of TaxCreditTotal accounts)
You can specify only one Source Detail account.
If you do not specify an Entity, the calculation runs on all entities.
For Utilization, enter a Percent or Dollar Amount.
For Deferral, you must enter a Percent to defer the loss amount.
For Expiration, Percent and Dollar Amount are not applicable.
Sequence is required for Utilization.
It is not applicable for Deferral or Expiration.
The Calculate process does not execute NOL Automation rules because updating NOL Automation rules does not impact data and trigger the calculation. You must run Force Calculate to execute the rule.