Entities

An entity represents a corporation (legal entity), branch, division, or operating location that designates the level where financial information is maintained in the organizational structure. Information is entered, analyzed, and adjusted at the entity level. An entity contains information the system uses when you create a tax binder such as, company name, company number, and FEIN.
Separate company returns, tax calculations, and reports can be generated at the entity level. Information at the entity level can be consolidated for consolidation and combined reporting purposes.
Entities are represented graphically with different icons representing each type of entity.
Select
Entities
on the Income Tax menu bar for entity tasks.

Types of entities

  • Parent
  • Subsidiary
  • Division
  • Divisional consolidation
  • Elimination
  • Top consolidation
  • Single entity
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