Adding a Tax Credit Account (National or Regional)
When you add a Tax Credit account, add the new account under the TaxCreditTotal account (RTaxCreditTotal for Regional). If you are maintaining Tax Credit details, you should add a Detail account under TaxCreditsD (RTaxCreditsD for Regional).
Set the following account properties:
Property | Total Tax Credits(TaxCreditTotal) | Supplemental Schedule Detail Account(TaxCreditsD) |
---|---|---|
Account Type | ASSET | ASSET |
IsCalculated | No | No |
IsConsolidated | Yes | Yes |
IsICP | No | No |
PlugAcct | <Blank> | <Blank> |
RollForward TopMember | ClosingReclassDTNR | TaxLossCreditTotal |
DataCategory TopMember |
TaxNationalCurrent - for National Credits (Current) TaxNationalNonCurrent - for National Credits (NonCurrent) or TaxRegionalCurrent - for Regional Credits (Current) TaxRegionalNonCurrent - for Regional Credits (NonCurrent) |
TaxLossCreditTotal |
ReportingStandard TopMember | ReportingStandards | ReportingStandards |
Jurisdiction TopMember |
AllNational for National Jurisdictions for Regional |
AllNational for National AllRegional for Regional |
TaxType TopMember |
National - for National NationalAndRegional for Regional |
National for National
Regional for Regional |
NumDecimalPlaces | <Any valid values> | <Any valid values> |
UseLineItems | No | No |
EnableAggregationOnCustoms | Yes (for all Customs) | Yes (for all Customs) |
UDA |
TaxDetail |
N/A |
XBRL | N/A | N/A |
Security Class | <As needed> | <As needed> |
ICPTopMember | <Blank> | <Blank> |
EnableDataAudit | <As needed> | <As needed> |
CalcAttribute | <Blank> | <Blank> |