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Foreign divisional consolidations

Intercompany Payment and Receipt Data Entry Reports

The information in the data entry reports is based on the entities you select for the
Data Entry Report
 folder.
  • If you generate an Intercompany Receipt Report, the listed transactions reflect the Intercompany Receipts screen of the binders (entities) you selected.
  • If you generate an Intercompany Payment Report, the transactions are collected from the Intercompany Payment screen of the binders (entities) you selected.
  • When you select a foreign divisional consolidation and the binder's
    Intercompany Data Entry and Processing Level
     indicator is Division, transactions in the divisional consolidation's Intercompany Payment and Receipts screens are ignored. Instead, the intercompany transactions from all of its foreign division members are included in the report. If you select a foreign division that is a member of a divisional consolidation with an
    Intercompany Data Entry and Processing Level
     of Division for the
    Data Entry Report
     folder, transactions in that entity's (binder's) Intercompany Payment and Receipts screen is listed on the report.
  • When you select a foreign divisional consolidation for the
    Data Entry Report
     folder and you set that binder's
    Intercompany Data Entry and Processing Level
     to Divisional Consolidation, transactions in the divisional consolidation's Intercompany Payment and Receipts screens are included in the reports. Any transactions recorded within its foreign division members are ignored.
  • If you select a foreign division that is a member of a divisional consolidation with an
    Intercompany Data Entry and Processing Level
     of Divisional Consolidation for the
    Data Entry Report
     folder, any transaction in that entity's (binder's) Intercompany Payment and Receipts screen is ignored.

This article applies to:

  • Product: ONESOURCE Income Tax, ONESOURCE International Tax
  • Return type: 1120 Corporation
  • Subject: Reports
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