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
• Automate load of required book trial balance data into the tax accounts
• Collect supplemental data through standardized data entry forms
• Apply standard repeatable tax provision calculations that can be extended to suit your company’s needs
• Perform consolidation and translation automatically & consistently

Leverage unified platform and minimize reconciliation, 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
• Leverage ability to create custom confirmation rules and workflow certification
• 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
• Generate supporting management reports and footnotes
• OneStream XF platform provides drill-down capability from report through to initial data load or input