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> |