Net Income Before Tax

Net Income Before Tax is automatically populated in the Current Provision form through the Tax Automation process. The system provides for several existing Net Income Before Tax adjustments, as well as the ability to configure adjustments for situations where the Net Income Before Tax needs to be adjusted (for example, late adjustments, partnership income, and other). The system provides these Net Income Before Tax adjustments:

• Book Adjustment

• Book Reclassification

The Net Income Before Tax and Net Income Before Tax adjustments can be configured to be automated from the general ledger or manually input.

Automated Setting: If an account is configured as automated, the Net Income Before Tax automation process populates the current provision in local currency from the general ledger.

Manual Setting: If an account is configured as manual, the value in this account is entered manually in the current provision and the system translates this value using the average FX rate in the system.