IMPROVE RISK MANAGEMENT WITH WORKPAPER INTEGRATION

With the Active Workpapers module of ONESOURCE Tax Provision , you can integrate your Microsoft® Office Excel workpapers into your provision system, providing increased automation, risk management, and flexibility.

Now, you can embed complex custom calculations, such as tax depreciation, scheduling of losses, and accrued expenses, directly into your tax provision system.

The Active Workpapers solution provides the support of full data controls and audit trails without requiring changes to your current process or tax accounting workpapers. The software enables you to:

Embed supporting schedules and custom calculations directly into the ONESOURCE Tax Provision database
Create data controls and audit reporting around Excel workpapers
Create dynamic links from calculated cells to database values
Push and pull data directly between current workpapers and ONESOURCE Tax Provision
Determine the order of the calculations run by the software


THE ACTIVE WORKPAPERS MODULE ENABLES YOU T0 INTEGRATE CUSTOM CALCULATIONS SUCH AS: Depletion Schedules Foreign Tax Credits Depreciation Schedules Texas Gross Margin Tax Tax loss and NOL limitations UK Group Relief These custom calculations reside in the software to ensure a smoother, more efﬁcient process with audit trails and increased controls.

Not only do your custom calculations reside directly in your tax provision software, they also can be integrated with system calculations, such as group taxable income or deferred expenses. This ensures a smoother, more efficient process with audit trails.