Classifying TAR Accounts as Domestic or Foreign

You can set newly created TAR accounts to be calculated as Domestic or Foreign. The following custom attributes are created in the Account and Jurisdiction dimensions to differentiate between Foreign and Domestic Entities:

  • TAR_Domestic

  • TAR_Foreign

When a new member is created under the TRCS_TARF Account hierarchy:

  • If you need to calculate specifically for Domestic regions, the “TAR_Domestic” UDA must be attached to the created account member.

  • If none of the attributes are attached, the newly created member is applicable to both Domestic and Foreign entities.

During consolidation of an Entity, based on the Jurisdiction to which it belongs, and the Classification as Domestic or Foreign, only those TARF_Accounts values are pulled. For example, if you are consolidating a Domestic POV, but you haven’t assigned any TAR accounts as Domestic, after consolidation, the TAR form will not show any values in the new accounts.

To classify Detail Accounts as Domestic or Foreign:

  1. From the Home page, click Navigator Navigator icon, and then click Dimensions.

  2. On the Dimensions tab, under Dimensions, select Jurisdiction.

  3. Under TRCS_Total Jurisdiction, expand the Jurisdiction hierarchy. You can view the available jurisdictions under the following:

    • TRCS_No Jurisdiction(Shared)

    • TRCS_AllNational

    • TRCS_AllRegional

  4. To set the Jurisdiction as Domestic:

    1. Expand the selected hierarchy, then choose the jurisdiction, and then click Edit.

    2. On the Edit Member screen, select the Attribute Values tab.

    3. Under Available Attribute Values, expand TAR Jurisdiction Classification.

    4. Select TAR_Domestic, and click Add to add the Domestic attribute.

    5. Click Refresh Database.

    Any member not specifically set as Domestic is treated as Foreign, by default.

  5. On the Dimensions tab, under Dimension, select Account.

  6. Under TRCS_OtherTaxAccounts, expand the hierarchy to TRCS_TARFAccounts, and then select the newly created account.

  7. To set the newly created Account as Domestic:

    1. Expand the selected hierarchy, then choose the account, and then click Edit.

    2. On the Edit Member screen, select the Attribute Values tab.

    3. Under Available Attribute Values, expand TAR Account Classification.

    4. Select TAR_Domestic, and click Add to add the Domestic attribute.

    5. Click Refresh Database.

  8. On the Dimensions tab, under Dimension, select Entity.

  9. Expand the FCCS_Total Geography hierarchy.

  10. Under Available Attribute Values, expand TAR Jurisdiction.

  11. Optional: Select TAR_Domestic, to set the jurisdiction to Domestic. Any member which is not attached with the TAR_Domestic attribute is automatically treated as Foreign. If no members are attached with the TAR_Domestic attribute, they are considered both Foreign and Domestic.