The out of the box TAR report is still available to customers who do not require additional columns; however, some companies that have different general ledger account structures may want to use additional columns in the TAR report. Tax Reporting offers the opportunity to configure a customized Tax Account Rollforward (TAR) report in which the company can add columns to the report to reflect the company’s General Ledger Chart of Accounts.
You create new dimensions to generate the new General Ledger columns, and the movements are mapped to the appropriate National or Regional members. Results from the TAR Automation report are automatically linked to the Current Provision and TAR reports upon consolidation.
The customizable TAR contains the entire out of the box TAR columns and default data mappings. The following steps are used to customize the TAR Automation report:
- Add the appropriate metadata for the General Ledger columns through the Dimension library.
- Create default mapping.
- Create custom mapping.
- Add member formula for Deferring Tax Closing Balance (s) Member.
- Classify the custom attributes in the Account and Jurisdiction as Domestic or Foreign.
- Perform a Rollover, as required.