Enhanced Tax Losses and Credits Forms

The Tax Losses and Tax Credits forms are now enhanced with a new Return to Accrual Automated (movement member TRCS_TLCRTAAutomated) column. With this enhancement, when Consolidation is run, the RTA adjustment amounts for tax losses and credits is automatically posted to the current year row using the new TRCS_TLCRTAAutomated movement member. This allows the update of tax losses and credits for the current year RTA adjustment. However, if the update by Years Of Origination/Expiration is different, then it needs to be updated manually.

Business Benefit: This new feature eliminates manual copying of RTA amounts by automatically updating the calculated RTA amounts into Tax Losses/Credits forms and keeps total carryforward balances in-sync with Temporary Differences.

Key Resources