Configuring Other Accounts and Other Accounts Automation
Transfer book/tax accounts from provision into pillar two currency and Jurisdiction for reporting purposes.
Example: Combined reporting of country level current and deferred tax plus global minimum tax
- Create members under "TRCS_TotalPillarTwoOtherAccounts" as required. See also: Working with Dimensions and Working with Members
- Setup Other Accounts automation rules. You can set Global or Jurisdiction or Entity
rules for Adjustment accounts.
Note that:
- The Percent is limited to +/- 100%
- The Logic is restricted to Pull
- Source account is required.
- Source Movement: TRCS_SourceBookClosing (that is, parent of Trial balance closing, Book closing and Closing Book vs Tax Basis). This will be the default source movement when left blank.
- Source Data Source: TRCS_SourcePreTax (that is, parent of Total Data source including Data Input, Managed Input and Supplemental data). This will be the default source data source movement when left blank.
- Additionally data can be moved from between Multi-GAAP and/or Scenario
For example:
- Navigate to Home → Library and under Pillar Two → Pillar Two other Accounts, and run consolidation to view the data pulling into other accounts.