Tax Provision

Automate and streamline tax data collection and validation and ensure consistency in tax calculations.

• Leverage the same trial balance load for tax provisioning as for financial reporting.
• Collect supplemental data through standardized data entry forms.
• Apply standard repeatable tax provision calculations that can be extended to suit your company’s needs.

Leverage a unified platform to minimize reconciliations. Automate reporting and export data to tax compliance systems.

• Data alignment, transparency (drill-down), and validation reduces reconciliation requirements.
• Configurable input forms for tax rates, payments, and refunds, tax attribute detail, return to provision, current provision, deferred tax roll-forward, and tax account reconciliation.
• Data exportable to tax compliance systems and importable from tax compliance to facilitate the return to provision true-up.

Report consolidated and statutory ETR with full drill-down into supporting details, generate footnotes and management reporting.

• Generates current tax expense, deferred tax expense, and deferred tax assets and liabilities.
• Configurable reporting that enables footnote disclosure reports required under ASC 740.
• Perform tax account reconciliation, report on consolidated and statutory ETR.