Calculating Journal Data

Tax Reporting now generates tax journal data for entities. Tax journal data can be exported and used to post back to the source system, for example, ERP, EPM, Financial Close, etc. Tax Account Rollforward (TAR) difference account values are automatically rounded and balanced with the difference added to designated TAR account based on the TAR_Difference attribute.

As part of the Journal data preparation, the following 2 forms have been introduced:

  • TAR Journal Posting
  • TAR Journal Posting Regional

Business Benefit: Journal data calculation is now completely automated. You can now automatically add the difference between the Tax Reporting ending balance and the ending balance as per book in your ERP/EPM solution.

Key Resources