Tax Reporting Units Workspace

Use this workspace to set up a tax reporting unit.

A tax reporting unit is a set of companies that report tax collectively to the same agency, such as the IRS in the USA.

In the Tax Reporting Units tab, enter information about the tax reporting unit. In the Account References sub-tab, enter information about the dimension values of entries for which tax must be reported. You create Tax Account References pop-up entries in the Popup Fields workspace in the Set-Up module.

In the Company Information workspace, identify which tax reporting unit each company should use for reporting tax.