Temporary Differences

Maintains the pre-tax inventory of items to be deferred and adjustments for income tax purposes (deductible from or includable in income in future years).

Sources of Data:

• Ending Balance (from prior year)

• Current Provision (Automated and Adjustment column)

• Rules in Tax Automation

• RTA (last period – P12/Q4)

• Equity Perm/Temp UD Property

• Tax Losses/Tax Credits (when linked)

• Deferred Tax Regional (when deductible)

• Acquisitions

Flow of Data to:

• Deferred Tax (on a tax effected basis)

• Temporary Differences Regional (when Regional tax and apportionment rates are input)

• Tax Basis Balance Sheet