1. Working with Tax Reporting
  2. Working with Regional Tax Process
  3. Working with Regional Current Provision
  4. Working with the Regional Current Provision Form
  5. Net Income Before Tax

Net Income Before Tax

Net Income Before Tax (NIBT) is automatically populated in the Current Provision form through the Tax Automation process. The system provides for several existing Net Income Before Tax adjustments as well as the ability to configure adjustments for situations where the Net Income Before Tax must be adjusted (for example, late adjustments, and so on). The system provides these Net Income Before Tax adjustments:

  • Book Adjustment
  • Book Reclassification

The Net Income Before Tax automation process populates the current provision in local currency from the general ledger. Automatic configuration ensures that the Net Income Before Tax matches the financial statements.