1. Working with Tax Reporting
  2. Working with National Tax Process
  3. Working with Tax Account RollForward (TAR)
  4. Working with Tax Account RollForward (TAR)
  5. Working with Current Tax Payable Forms
  6. Managing Current Tax Payable Automated and Detail Forms

Managing Current Tax Payable Automated and Detail Forms

Enable Tax Automation

You can enable Current Tax Payable Automation in two ways:

  1. Select the checkbox next to Current Tax Payable Automation > Enable while creating the application.

    Current_Tax_Payable_Automation_Enable

  2. Navigate to the Tax Reporting – Enable Features screen after you create the application. Select Current Tax Payable Automation, and click Enable.

    Tax_Reporting_Enable_Features_Screen

Access the Automation Forms

To access the Current Tax Payable Automation form:

  1. From the Home page, select Tax Provision National, and then TAR.
  2. Select the Current Tax Payable Automated tab.Current_Tax_Payable_Automated_Form

    The Current Tax Payable form is a data entry form used for capturing payments, refunds and others. If you want to move data from current provision to current tax payable, you have to enter data manually. For single intersection this is not a problem, but if you want it for all the years that is, from P1 to P12 it will be a huge effort to manually enter the data. In such cases, you can use the Current tax Payable Automated feature.

    It is similar to the Current Tax Payable form but there are three additional columns. Automation is provided for these three movement members:

    • CYPL Charge Automated
    • CY OCI /Equity Automated
    • RTA (P/L) Automated

    Note:

    • For payments and refunds automation feature is not applicable.
    • You can add new rows in the current tax payable automated form by using the members under TRCS_OriginationYears as shared members, since members till Curent Year Minus 20 are present under TRCS_OriginationYears.

      TRCS_OriginationYears

    Note that to specify the source account from where to pull the data into these automation columns, you need to create mappings. See Creating Mappings for Current Tax Payable Automation in Administering Tax Reporting.

  3. Select the Current Tax Payable Detail tab to access the Detail form. Note that you can track the refunds or payment details of a particular year from the Current Tax Payable Detail form. You can enter data periodic wise in this form.

    Current_Tax_Payable_Detail_Form

Note:

  • If you want to change the order of columns or if you have additional columns to add in the Current Tax Payable Detail form, see Managing Current Tax Payable Details Form in Administering Tax Reporting.
  • You can also hide this form manually if you do not want to work on this form. To do so, you need to create a new navigation flow and create a new card without the form.