Adding Permanent Difference Accounts
The Permanent Difference Accounts spreadsheet lists the account properties available for editing. If you add an account, you must give it a unique name and specify its properties.
You cannot adjust the following Permanent Difference properties:
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Group for Data Entry
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FX Average Override Rate Account
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FX Average Override Difference Account
Table 5-1 Permanent Difference Account Properties
Column | Description | Input Type | Valid Values |
---|---|---|---|
Name | The label of the member in HFM | Free Form | Only valid HFM label characters are allowed. |
Tax Type | Define the account as Pre-Tax, Tax, or Apportioned | List of Values | Pre-Tax, Tax, or Apportioned only |
Jurisdiction | Define the account as National, Regional, or Both | List of Values | National, Regional, or National and Regional |
Uses Consolidated ETR | Define if the account will be a valid intersection on the Consolidated ETR Form | List of Values | Yes or No only. Yes is only valid for Pre-Tax, National and Regional accounts. |
Move to TARF | Define if the account will be a valid intersection on the TARF Form | List of Values | Yes or No only. Yes is only valid for Tax-Effected accounts. |
Equity Perm Reversal - National | If a reversal account is required, select one. | List of Values | Tax-Effected, National base permanent accounts |
Equity Perm Reversal - Regional | If a reversal account is required, select one. | List of Values | Tax-Effected, National base permanent accounts |
Default Parent | The default parent of the account member | List of Values | All parent members inside the list of permanent accounts |
Languages | Each language will have its own column with the header from the previously defined HFM language ID (for example, en-US) | Free Form | Only characters valid for HFM descriptions are allowed. |