/periodandyear/help/taxation/impersonal/checks section 2024-09-12T19:33:52+02:00 # Checks This is were reconciliations of fixed assets, equity and wealth are shown. Reconciliation of fixed assets, equity and wealth is intended as a tool for the user to clarify any differences. The listings in the reconciliation models are not exhaustive. The user can therefore add information in a manual field if needed, both in reconciliation fixed assets, equity and reconciliation wealth. If an error situation occur this will be visualized with an informative icon on the **Checks** menu and on the left side for each section with deviation. Altinn checks and Reconciliation runs continuously while you work in **Year-end closing**. The following icons can be displayed:  - used to inform you, for example if you are currently not logged in to Altinn/Tax Administration.  - Indicates differences in the reconciliations.  - Indicates invalid Altinn checks that needs to be fixed before you are able to submit as complete shipment. Read more about: Complete shipment. /periodandyear/help/taxation/impersonal/checks/business-specification page 2024-09-12T19:33:52+02:00 # Business information When you click on **Business Information** on the left, any calculation deviations from the validation service to The Norwegian Tax Administration are displayed. /periodandyear/help/taxation/impersonal/checks/tax-return page 2024-09-12T19:33:52+02:00 # Tax return When you click on **Tax return** on the left side, a login button or received validation messages from Altinn will be displayed. /periodandyear/help/taxation/impersonal/checks/internal-control page 2024-09-12T19:33:52+02:00 # Internal control These are checks carried out by Period & Year. If you receive an error result during internal control, this will indicate that you will not be able to send information to The Norwegian Tax Administration for control. This must be corrected in order to have data checked against the The Norwegian Tax Administration. /periodandyear/help/taxation/impersonal/checks/reconciliation-equity page 2024-09-12T19:33:52+02:00 # Reconciliation of equity When you click on**Reconciliation equity** on the left side, a reconciliation model of the company\'s equity is displayed on the right side. The model lists a**Calculated equity 31.12 according to specification**. It specifies the change in equity between 1.1 and 31.12. Calculated Total Equity 31.12 is reconciled with Total Equity (item 9450) in RF-1167. Under **Specification**, the model lists the following entries that are automatically transferred to RF-1052, Reconciliation of Equity. - 'Equity 31.12 last year' is taken from **Information and tax - Financial statement & balance sheet**. The field can be overridden. - 'Changes and corrections' is filled in the table. - 'Equity 01.01' is calculated on the basis of equity 31.12 and possibly changes and corrections. The field can be overridden. - 'Year-end result' is taken from **Information and tax - Financial statement & balance sheet**. The field can be overridden. - 'Provisioned dividend for 2020 for companies that use Norwegian accounting legislation, or expected dividend stated in notes in the annual reports for 2019 that were distributed in 2020 for IFRS companies' is taken from the balance of 8920, provisioned ordinary dividends. - 'Additional dividend during this year, based on the accounts from this year' is taken from the balance of 8922, provisioned extraordinary dividends. - 'Extraordinary dividend during this year, based on the accounts for the year' is taken from the balance of 8923, extraordinary dividend. - 'Received group contribution', to be filled out - 'Allocated intra-group contribution', to be filled out - 'Cash contributions', to be filled out - 'Non cash contributions', to be filled out - 'Reduction of share capital and distribution of share premiums - cash', to be filled out - 'Reduction of share capital and distribution of share premiums - other assets', to be filled out - 'Remission of debt', to be filled out - 'Purchase of own shares', to be filled out - 'Sale of own shares', to be filled out - 'Debt converted to share capital', to be filled out - 'Difference between allocated/expected dividend year-end closing in 2019 and the distributed dividend in 2020', to be filled out - 'Other changes, to be filled out - 'Calculated equity 31.12 according to specification' is calculated on the basis of values in specification and used in reconciliation of RF-1167 item 9450, Total equity. For further instructions to how this form is completed, please see the [official guidelines](https://www.skatteetaten.no/globalassets/skjema/2021/rf-1052b.pdf). /periodandyear/help/taxation/impersonal/checks/reconciliation-fixed-assets page 2024-09-12T19:33:52+02:00 # Reconciliation of fixed assets When you click on **Reconciliation of fixed assets** on the left side, a reconciliation model of the company\'s fixed assets is displayed on the right side. The model lists a **Specification of estimated change of temporary differences**. This includes entries from the company\'s depreciations, accounting profit/loss, profit/loss not entered in the profit/loss account, profit/loss entered in the profit/loss account and the difference between accounting and taxable cost. Estimated change in temporary differences according to specification is reconciled with RF-1217 item 3, column III Change in temporary differences. Under **Depreciations**the model lists the following entries: - Accounting depreciations - Hereof depreciation on financial leasing - Impairment of fixed assets - Taxable depreciations - Taxable linear depreciations - Taxable depreciations power plant Under **Accounting profit/loss** the model lists the following entries: - Accounting profit on sales - Accounting loss on sales Under **Profit/losses not entered in the profit-/loss account** the model lists the following entries: - Sales amount directly entered as income in the year of realization, cf. The Tax Act § 14-44 - Profit on non-depreciable fixed assets - Profit on linear depreciable fixed assets - Loss on non-depreciable fixed assets - Loss on linear depreciable fixed assets Under **Profit/losses entered in the profit-/loss account** the model lists the following entries: - Profit on non-depreciable fixed assets - Profit on depreciable fixed assets - Negative balance goodwill - Loss on non-depreciable fixed assets - Loss on depreciable fixed assets Under **Difference between accounting - and taxable cost** the model lists the following entries: - Tax-free investment subsidy - Input VAT adjustment - Reduction for adjustment of input VAT on sale - Diff. between the booked amount and the fair value at the time of the merger/demerger - Diff. tax values ​​and booked/fair value on conversion to limited company - Deduction for tax-free profit on transfer of assets to companies in the same group. - Addition for diff. between tax entry value and remuneration transferred from companies in the same group. - Activated fixed assets to be expensed for tax purposes /periodandyear/help/taxation/impersonal/checks/salary-pension-costs page 2024-09-12T19:33:52+02:00 # Salary and pension costs Reconciliation of salary and pension costs was in the old tax return attached in tax form RF-1022. In the new tax return and business specification, this reconciliation has been removed. When you click on**Salary and pension costs** on the left side, a separate section for the reconciliation of salary and pension costs is displayed on the right side. The data calculated here and possibly also recorded will be shown on the Wage and pension costs report in **Reports - Other year-end documents**. The accounts included in the reconciliation are the same as previously presented in form RF-1022 Salary and pension costs. It is also possible to add separate lines in the various sections of the reconciliation. It is not possible to remove accounts directly from the list, but the accounts are included based on the reference account properties. Accounts that are mistakenly included in the reconciliation are then included due to the wrong reference account, and the reference account property of accounts shown on the screen can be changed directly from the screen. If accounts that should have been included in the reconciliation are not included, you must find the account accordingly and change the account\'s reference account property. Please see the [Tax Directorate\'s notices 4/2022](https://www.skatteetaten.no/rettskilder/type/skattedirektoratets-meldinger/revisors-plikter-i-forbindelse-med-signering-av-signaturpliktige-opplysninger-i-naringsspesifikasjon-og-skattemelding/) for more information.