ICA to Retained Earnings Reconciliation workpaper (IRE)

How the IRE workpaper reconciles Imputation Credits to Retained Earnings using data from Zato, TCP, ICA and ITD.

The ICA to Retained Earnings Reconciliation (IRE) workpaper reconciles the closing Imputation Credit Account (ICA) balance against Retained Earnings, ensuring both tax and accounting records align at year end.

Data extraction

Auto-populated sections

  • Retained Earnings at Year End: Auto-picked by Zato.

  • Tax Losses Carried Forward: Auto-picked from the Tax Calculations (TCP) workpaper.

  • Actual ICA's: Auto-picked from the Imputation Credit Account (ICA) workpaper.

  • Adjust for payments or refunds not received or refunded as at 31 March: Auto-picked from the Taxation Due (ITD) workpaper.

Manual entry section

  • Permanent and Timing Differences

  • Information in the section below the auto-populated fields

  • The ICA to Retained Earnings Reconciliation workpaper does not feature a plus sign (+) icon . Users must follow the specific table-editing for this Workpaper

Related workpapers

  • Tax Calculations (TCP): Provides Tax Losses Carried Forward.

  • Imputation Credit Account (ICA): Provides Actual ICA balance.

  • Taxation Due (ITD): Provides adjustments for payments and refunds.

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  3. Select IRE on the Workpapers Dashboard.