Calculating RTA for Tax Losses and Credits

The Tax Losses and Tax Credits forms in Tax Reporting includes Return To Accrual Automated (movement member TRCS_TLCRTAAutomated) column. When Consolidation is run, the RTA adjustment amounts for tax losses and credits is automatically posted to the current yearrow 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 the RTA adjustment amounts for tax losses and credits must be updated manually.

Note:

This is applicable for both National and Regional Tax Losses and Credits.