True Return and Provision Integration

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Events

  • Webcasts
    • 11/24/2009
    • During this webcast, we will discuss walk you through how ONESOURCE TaxStream Provision can automate, configure and tie out the reports needed for your 10K footnote. Learn more about the components and configurability of the Effective Rate Reconciliation, Deferred Balance Roll-forward, Foreign Domestic Summary and Payable Roll-Forward.
    • Generating and Tying Out ONESOURCE TaxStream Provision Footnote Reports
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    Training
    • 11/23/2009
    • This class is focused on the state function ranging from data input to migrating from a blended state to a more detailed state by state output. Included is a review of the state reports as well as discussion on state specific issues and adjustments.
    • States Overview
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ONESOURCE TaxStream Provision integrates with a variety of return systems. It supports true provision and return integration, with out-of-the-box import/export functionality for the major return vendors.

Learn about the Enhanced Integration between ONESOURCE TaxStream Provision and ONESOURCE Income Tax

Learn More about our Return Integration Services

  • True Automation - Feed book tax differences from ONESOURCE TaxStream Provision to your return software. Automate your process by using one of our built-in import templates for the major return form vendors, or have us design a custom import file for other systems.
  • Trial Balance Mapping - Map ONESOURCE TaxStream Provision adjustments to trial balance accounts. Every adjustment can be mapped up with P&L, balance sheet, and retained earnings accounts, enabling you to manage your target return software's trial balance.
  • Accommodate Different Charts of Accounts, Entities, and Adjustments - Translate between the level of detail and nomenclature required for the provision and that required on the return. Account for provision items such as eliminations companies and topside adjustments while feeding over the appropriate chart of accounts, entities, and adjustments to your return.
  • Save Time on Your Return - For IRS filers, start your return with your 1120 Page 1, Schedule M1/M3 already populated with provision data. For T-2 filers, send account balances directly to the Schedule 1.
  • Eliminate Redundant Processes - Once you've done your provision, why go through the effort of recreating your book tax differences in another system? ONESOURCE TaxStream Provision's Export to Return functionality saves you time by re-using your book tax differences.
  • State Rates and Apportionment Percentages - Import state rate and apportionment data from your return system to generate appropriately apportioned state specific provision reports.
  • Estimated Payments - Calculate estimated payments in ONESOURCE TaxStream Provision and export them directly to the vouchers in your return software. Configure items such as payment rounding, jurisdictional payment schedules and minimum annual tax.