1. How do I manage HCM info for a legal reporting unit?
  2. Classify a Legal Reporting Unit

Classify a Legal Reporting Unit

When legal reporting units (LRUs) are created, they can’t be marked as a Tax Reporting Unit (TRU) or Reporting Establishment (RE). You need to classify them in the Legal Reporting Unit HCM Information page.

In the search results on the Legal Reporting Unit HCM Information page, you can see that the Tax Reporting Unit and Reporting Establishment are marked as No for some LRUs. That's because the option of classifying the LRU as a TRU or an RE isn’t available while creating the LRU.

Note: When you click the name link for an LRU record before it's classified as a TRU or RE, instead of navigating to the view page, the Manage Legal Reporting Unit Classification panel drawer opens.

To classify a legal reporting unit as a TRU or RE:

  1. In the Manage Legal Reporting Unit Classification panel drawer, select the Tax Reporting Unit or Reporting Establishment or both checkboxes, depending on how you want to classify the LRU, and click OK.
  2. Click the name of the LRU.

    You’re now taken to the Edit Legal Reporting Unit HCM Information guided process, where you can enter the data for the LRU.

  3. In the Info to include step of the guided process, select the Reporting establishment details step if required and click Continue.

    If the LRU is both a TRU and RE, then the Tax reporting unit details step is included as a required step. The Reporting establishment details step is an optional step that you can choose to add if required.

    Note: You can hide the Info to Include step in this Redwood process using the Hide Info to Include page property in VB Studio. For details, see Hide Info to Include Step.
  4. In the When and why step, you can’t set the effective start date and effective end date. That’s because this is the first time you’re entering the data and classifying the LRU as a TRU or RE or both. Click Continue.
  5. In the Tax reporting unit details step, the default TRU details are displayed. You can enter the required data and click Continue.
  6. In the Reporting establishment details step, select the Reporting Name and Manager and click Submit.

    You will see that the TRU and RE are marked as Yes or No, depending on how you marked them.

  7. Click the LRU name link, and you will be taken to the view page.