Enhanced Tax Losses and Credits

In the Tax Losses/Credits form, by enabling a new Tax Setting, the data entered in the Other Balance Sheet Adjustments movement now automatically is posted to the Equity Automated movement in Temporary Differences for both National and Regional Tax Losses and Credits. This posting of data happens for both National and Regional Tax Losses and National and Regional Tax Credits when you enable Transfer Tax Losses and Credits Other Balance Sheet Adjustment under Tax Settings. 

Business Benefit: This feature further enhances automation between Tax Losses/Credits and the Deferred Tax calculation when enabled.

Key Resources

• Working with Tax Reporting
  • Working with National Tax Losses and Credits
  • Working with Regional Tax Losses and Credits
  • National Detailed Tax Losses and Credits
  • Regional Detailed Tax Losses and Credits