CFP Data processing - Indirect taxes and cash pooling

Through this operation, the system performs intercompany transfers related to the management of cash pooling and centralised indirect taxes.

The events created for the transfer of group indirect taxes have their origin equal to “CFP_GROUP_VAT”, while those entered for the cash pooling transfer have their origin equal to “CFP_GROUP_CASH_POOLING”.

The system performs the following operations:

• transfer of the events related to the billing, settlement and down payment of group indirect taxes based on origin
• CFP_VAT_ACCOUNTING - CFP - VAT – Accounting - two events are created on the parent entity for every child entity event

Event sign child company	Parent account	FX rate sign
>=0	IC relationship account for Group VAT: credit variation	Yes
>=0	Indirect tax account for Group VAT: debit billing variation	No
<0	IC relationship account for Group VAT: debit variation	Yes
<0	Indirect tax account for Group VAT: credit billing variation	No

• CFP_VAT_PAYMENT - CFP - VAT – Payment and CFP_VAT_DOWN_PAYMENT - CFP - VAT – Down payment - two events are created on the parent entity for every child entity event

Child account	Event sign child company	Parent account	FX rate sign
Indirect tax account: debit settlement variation	>= 0	IC relationship account for Group VAT: credit variation	Yes
Bank account: payment variation	< 0	Bank account: debit IC payment variation	Yes
Indirect tax account: credit settlement variation	< 0	IC relationship account for Group VAT: debit variation	Yes
Bank account: collection variation	>= 0	Bank account: credit IC payment variation	Yes

• transfer of events related to the financial policy and generation of interest from cash pooling
• CFP_FINANCIAL_RULE - CFP - Financial policy - two events are created on the parent entity for every child entity event

Event sign child company	Parent account	FX rate sign
>=0	Bank account for Cash Pooling: debit variation	No
>=0	IC account for Cash Pooling: credit variation	Yes
<0	Bank account for Cash Pooling: credit variation	No
<0	IC account for Cash Pooling: debit variation	Yes

• CFP_INTEREST_PL - CFP - P&L interest - two events are created on the parent entity for every child entity event

Child account	Event sign child company	Parent account	FX rate sign
Interest Account		IC interests Account	Yes
Interest accrual account: debit variation	< 0	IC interests accrual Account: credit variation	Yes
Interest accrual account: credit variation	>= 0	IC interests accrual Account: debit variation	Yes

• Accounting curve if collection / payment takes place simultaneous to the accounting: CFP_INTEREST_ACC - CFP - Interests – Accounting - one event is created on the parent entity for every child entity event

Child account	Event sign child company	Parent account	FX rate sign
Bank Account: capitalization variation		Bank Account: IC interest capitalization variation	Yes

• Accounting curve if collection / payment takes place subsequent to the accounting: CFP_INTEREST_ACC - CFP - Interests – Accounting - one event is created on the parent entity for every child entity event

Child account	Event sign child company	Parent account	FX rate sign
Debits / credits account for interest: debit variation	< 0	Debits / credits account for IC interest: credit variation	Yes
Debits / Credits account for interest: credit variation	> 0	Debits / Credits account for IC interest: debit variation	Yes

• Curve of collection / payment subsequent to accounting: CFP_INTEREST_DEFERRED_PAYMENT - CFP - Interests - payment / collection subsequent to accounting - one event is created on the parent entity for every child entity event

Child account	Event sign child company	Parent account	FX rate sign
Bank Account: capitalization variation		Bank Account: IC interest capitalization variation	Yes