Working with Regional Tax Losses and Credits

In Tax Losses/Credits Regional form, by enabling a new Tax Setting the data entered in the Other Balance Sheet Adjustments movement automatically is posted to the Equity Automated movement in Temporary Differences for Regional Tax Losses and Credit. This posting of data happens for both National and Regional Tax Losses and National and Regional Tax Credits when you enable Transfer Tax Losses and Credits Other Balance Sheet Adjustment under Tax Settings (navigate to the Tax Settings screen -> Transfer Tax Losses and Credits Other Balance Sheet Adjustment -> select checkbox Transfer Tax Losses and Credits Other Balance Sheet Adjustments from Tax Losses and Credits to Temporary Differences Equity Automated).

Note:

After enabling the feature from the Tax Settings screen, you must impact entities (navigate to Application -> Rules -> Impact Entities with Data for Consol Cube) to apply the settings to the existing data.