Define Control Tables - Booking of Deferred Taxes

Here you define how to create automatic bookings of deferred taxes, based on specific company journals. This control table is very similar to the control table for transfer of untaxed reserves.

About this task

  • Offset Account is not in use for this control table.
  • It is important to define the correct closing version in order to get the correct result.
  • The subcontrol table containing tax rates per country or region, HT01, must be defined in order for this automatic journal to calculate correct values. If you want to use different tax rates for different regions, you must also fill in the Country or Region field in the Company Structure.

Procedure

  1. On the Maintain menu, click Configuration/Automatic Journals/Control Tables/Acquisition Calculations. The Control Tables - Acquisition Calculations window opens.
  2. Select control table E410, Booking of Deferred Taxes. Click OK.
  3. Enter a journal number. The automatic journal type 75 is displayed automatically.
  4. Enter the closing version containing the journal types you want to use as the basis for the calculation.
  5. If necessary, enter the journal type you want to book the automatic journal to.

    A blank journal type means that the journal will be booked on the same journal types as the calculation basis.

  6. You can select a Contribution Version. The automatic journal types in the selected contribution version must belong to the automatic journals defined with a lower level than the level of the present automatic journal. Note that by leaving the contribution version field blank, only base values and automatic journals from a lower level will be used as the calculation basis.
  7. In the From account1 and From account2 columns, enter the range of accounts used as the basis for the calculation.
  8. In the Sign column, enter a plus sign if the value should be booked with the same sign as the From Account, or enter a minus sign if the value should be booked with the opposite sign.
  9. In the To Account (OB) column, enter the OB account belonging to the selected To Account for change.
  10. In the To Account (change) column, enter the accounts where the elimination should be posted.

    If you have a non-integrated reserves specification, you need to have both the detailed account and the main account as To accounts.

  11. In the Selection Method column, select a method for the account. The default value is S1. Be careful when selecting a mix of selection methods, as the control table is valid for all consolidation types.
  12. If applicable, enter dimension codes with which the calculated transactions will be stored.
  13. Click Save.