It all begins with data. Whether you are doing tax planning, working on your tax return, calculating your provision or producing a report for the CFO, data is the common denominator. And having the right data -- ready when you need it, and that you know is accurate -- is crucial. You and your staff have to collect the data and manipulate it so it is ready for a multitude of uses. Thomson Reuters recognizes the importance of data and has data collection and data management solutions and services that are without comparison.

COLLECT THE DATA

Serve. Return. Volley, Return. Data collection can sometimes look like a tennis match. But it doesn't have to.

Thomson Reuters data collection solutions include the ONESOURCE DataFlow, a web-based data gathering tool that looks and works just like Microsoft Excel.

We also have data collection for trial balances, state apportionment, R&D tax credit information, fixed assets and more.

And we can even customize a data collection solution that meets the specific needs of your tax department.

MANAGE THE DATA

Once your department has all of the data, you need it tax sensitized - in a form that's usable for planning, analysis, reporting, and filing. We can help with that, too. Thomson Reuters has developed multiple solutions to make data management easy. Whether you need a simple, one-time load from your general ledger for beginning work on your tax return or a tax data warehouse with real-time data loads for working on your provision, Thomson Reuters has the solution. And because we recognize that tax departments all have different - and often unique - circumstances, we have a data management team available to create customized solutions just for you.

ONESOURCE DataFlow - Leverages the best of Excel such as: instant recalculation, row and column locking, multiple sheets, and user defined calculations. Decreases the negative issues by securing templates, treating data as data, distributing forms like a web page, and automating the workflow by integrating with ONESOURCE WorkFlow Manager.

Trial Balance solutions
- General Ledger Bridge - A customizable solution that can consolidate multiple GL or ERP systems specifically for tax purposes. Create a master chart of accounts and create mapping from each separate GL or ERP system to the master chart of accounts for easy data transfer between systems. General Ledger Bridge provides a complete audit trail and history, and streamlines the process of bringing GL data to a useable format for tax purposes. This solution is best for processes that require infrequent loads from your general ledgers (GL), ERP systems, or tax source systems. Plus, it integrates easily with ONESOURCE Income Tax.
- Tax Data Warehouse - This is a provision-oriented data management solution. It's most appropriate when your tax department is conducting frequent data loads from your GL, ERP systems, or tax source systems to calculate your monthly, quarterly, and annual provision. Tax Data Warehouse also integrates with ONESOURCE Tax Provision (formerly TaxStream) and your general ledgers for posting journal entries.
ONESOURCE State Apportionment- Ensures that apportionment details are collected and consolidated in a consistent manner, streamlines tax package workflow, and reduces the need to manually consolidate and rekey data. Combining online, secured access with flexible data import, calculations, document tracking, and a consolidated view of filing methodologies, it provides a single source of truth for by-entity, by-group, and by-jurisdiction apportionment information.
ONESOURCE R&D Tax Credit Manager- Supports the complete research tax credit lifecycle -from automating the routine, administrative tasks of gathering quantitative and qualitative information to substantiate research activities, to analyzing and determining positions, to defending an audit.
ONESOURCE Fixed Assets powered by BNA Software - Lets you control every aspect of fixed asset management. It provides a scalable solution that grows with your organization for any number of assets or users. Easily maintain synchronized financial book data by automating the transfer of data from your ERP system to ONESOURCE Fixed Assets.
International Data Management solution of ONESOURCE Income Tax- A comprehensive international data collection and management application that combines the familiarity and flexibility of Microsoft® Excel, the power of a SQL database and the trusted implementation and training services of Thomson Reuters. We'll work hand in hand with you to analyze, discover, and implement international data collection improvements to help organize the process of collecting and managing international data.