Adding a Permanent Difference (GS or ST) or a Regional Account
You should create a new account under PermSTTotal or PermGSTotal based on the nature of the difference.
If the difference is of type GAAP to Statutory, then you should create the account under PermGSTotal. If the difference is of type Statutory to Tax, then you should create it under PermSTTotal. For a Regional Permanent Difference, you should add the account under the hierarchy of RPermTotal.
Set the Properties of Permanent differences as follows:
| Property | Value |
|---|---|
| Account Type | Asset |
| IsCalculated | No |
| IsConsolidated | Yes |
| IsICP | No |
| PlugAcct | <Blank> |
| RollForward TopMember | CurrentTaxCYTotal |
| Jurisdiction TopMember | Jurisdictions — AllNational for National; AllRegional — for Regional |
| ReportingStandard TopMember | ReportingStandards |
| DataCategory TopMember | PreTaxNationalRegionalCETR - For NationalAndRegional
PreTaxRegional - For Regional PreTaxNationalCETR - For National |
| TaxType TopMember | NationalAndRegional - For NationalAndRegional
Regional - For Regional National - For National |
| NumDecimalPlaces | Any valid values |
| UseLineItems | No |
| EnableAggregationOnCustoms | Yes (for All Customs) |
| UDA1 | Use of keyword as needed; EqRevN and EqRevR—for Equity reversal accounts |
| UDA2 | |
| UDA3 | |
| XBRL | <Blank> |
| Security Class | <As needed> |
| ICPTopMember | <Blank> |
| EnableDataAudit | <As needed> |
| CalcAttribute | <Blank> |