NOL Automation Columns
| Column | Target Account |
|---|---|
| Values | A valid base-level descendant of the TaxLossesCFSTotal or TaxCreditTotal account |
| Default | Base-level descendants of the TaxLossesCFSTotal or TaxCreditTotal account |
| Comment | This is the Carryforward account to which the NOL Automation calculation is applied. You can use one or more rules for the same account.
Note: You cannot define a NOL Automation rule and a Tax Automation rule for the same Tax Loss Carryforward target account. |
| Column | Occurrence |
|---|---|
| Values | 1 or any consecutive number above 1 |
| Default | 0 |
| Comment | When you define additional rules for the same account, the system automatically increases the occurrence value by 1. This value indicates how many rules are defined for the same account. |
| Column | Logic - Deferral, Utilization, Expiration |
|---|---|
| Values |
|
| Default | Deselected |
| Comment | Click to select one or more of the valid NOL calculation logic methods. |
| Column | Source Detail Account |
|---|---|
| Values |
Used to define the detail account associated with the target account. You can specify only one detail account. |
| Default | None |
| Comment | Loss detail account to be associated with the TaxLossesCFSTotal or TaxCreditTotal target account |
| Column | Entities |
|---|---|
| Values | One or more valid base entities or valid entity lists, separated by a semi-colon (;) |
| Default | <Blank> for ALL base entities in the application |
| Comment | You can restrict the rule to a particular entity or list of entities. If Entity is blank, the amount is applied to all entities. |
| Column | Excluded Entities |
|---|---|
| Values | One or more valid base entities or valid entity lists, separated by a semi-colon (;). |
| Default | None |
| Comment | Identifies the entities to be excluded for processing. If Excluded Entities is blank, nothing is excluded. |
| Column | Limit - Utilization - Percent |
|---|---|
| Values | Any number between 0 and 100 |
| Default | 100% |
| Comment |
Percentage can be used to specify how much of an amount can be utilized into a detail account. |
| Column | Limit - Utilization - Dollar Amount |
|---|---|
| Values | Any positive number |
| Default | None |
| Comment | You can use a dollar amount instead of a percentage to specify the amount to be utilized. The amount is assumed to be the amount in the Entity Currency of the entity for which NOL Auomation is selected. |
| Column | Limit - Deferral - Percent |
|---|---|
| Values | Any number between 0 and 100 |
| Default | 0% |
| Comment | Percentage can be used to specify how much of an amount can be deferred into a detail account. |
| Column | Sequence |
|---|---|
| Values | Any positive number |
| Default | 1 |
| Comment | For Utilization, Sequence is required to specify the order in which utilization of taxable income should be distributed. Even if you disable a rule, you should maintain the sequence number if applicable. For example, if you have a rule sequence 1,2,3, and you want to disable sequence 2, disable the rule but do not change its sequence number. |
| Column | Disable Rule |
|---|---|
| Values | Selected or deselected |
| Default | Deselected |
| Comment | If selected, the rule is disabled for the specified period. |