1. Working with Tax Reporting
  2. Working with National Tax Process
  3. Working with RTA (Return to Accrual)
  4. Applying Prior Year Rate on RTA Amounts

Applying Prior Year Rate on RTA Amounts

By default, Return to Accrual (RTA) amounts are calculated using the current year tax rate. If you want to use prior year tax rates on RTA amounts, you can set an attribute called "ApplyTaxReturnRate" on the Movement dimension.

Note:

The system processes the Return to Accrual in period 13 or in P13 (RTA).

To use prior year rate on RTA calculations:

  1. From the Home page, click the Navigator icon Navigator icon.
  2. Under Create and Manage, select Dimension, and then select Movement.
  3. Under FCCS_Movements, expand FCCS_ClosingBalance, and then navigate to TRCS_RTADO (Return to Accrual Deferred Only).
    Select TRCS_RTADO Movement Dimension.
  4. Under Actions, select Edit, and then select the Attribute Values tab.
  5. Under Available Attribute Values, expand RTA Prior Year Rate, then select ApplyTaxReturnRate. Click Add to move it to Assigned Attribute Value.
  6. On the Dimensions tab, click the Refresh Database icon

    Note:

    You must set up RTA Automation rules in order to post the RTA adjustments. See Defining RTA Automation Rules.