1. Administrator's Guide
  2. Managing Tax Losses
  3. Automating Net Operating Losses (NOL)/Credits
  4. NOL Automation Screen Layout

NOL Automation Screen Layout

The NOL Automation definition is set up by Scenario, Year, and Period. When you define the NOL Automation process, you specify the Source Detail account members and the Target Tax Carryforward account for which to run the automation process.

Tax Carryforward Losses for the current period are represented as base-level descendants of the TaxLossesCFSTotal parent account. The NOL Automation screen lists all base-level descendants of the TaxLossesCFSTotal account as targets for NOL automation rules. These accounts are displayed in the Current Provision data form. The Current Provision Automated column displays the result of NOL Automation rules for the base-level accounts under TaxLossesCFSTotal.

Tax Carryforward Credits for the current period are represented as base-level descendants of the TaxCreditTotal parent account. The NOL/Credit Automation screen lists all base-level descendants of the TaxCreditTotal account as targets for NOL /Credit automation rules. These accounts are displayed in the Current Provision data form. The Current Provision Automated column displays the result of NOL/Credit Automation rules for the base-level accounts under TaxCreditTotal.

The Tax Losses schedule displays the details for deferred tax losses including year of origination, year of expiration, utilization amounts and expiration amounts. The deferred loss detail accounts are represented as base-level descendants of the TaxLossesD account. You link a Tax Carryforward Loss account with a Tax Detail account using NOL Automation rules. For example, you could associate the TaxLoss0001CFS account with the TaxLossD0001 detail account.

You can filter the rows by entering the filtering text at the top of each column.

You can save the NOL Automation settings, and also export the definition to an Excel worksheet.

To save or export the NOL Automation definition:

  1. From the Tax Provision menu, select Settings, and then select NOL Automation, or select it from the Application Tasks list.
  2. To save the NOL Automation settings, from the toolbar, click Save Settings, or select Actions, and then Save Settings.
  3. To export, click Export the table data into Excel worksheet, or select Actions, and then Export the table data into Excel worksheet.
  4. Click Open, or Save and select a location.