AUTOMATION AT EVERY STAGE OF THE TAX LIFE
Optimize your year-round tax process with a fully integrated tax provision and compliance solution. Thomson Reuters offers a complete solution to automate your provision to return and return to provision processes. It will save you significant time while also reducing your risk. Plus, the easy to use ONESOURCE integrated provision and return solution is the only software available that provides one-to-one, one-to-many, and many-to-one data integration.
- Integrated Best-of-Breed Solutions – Leverage shared data to save time without sacrificing the superior functionality or flexibility of the market leading provision and return solutions. Our integration focuses on process automation at every stage of the tax life cycle so your tax department can save time, spend fewer resources crunching numbers and have more time for tax planning.
- Automate Your Return to Provision True-up – Automatically compare your filed tax return from ONESOURCE Income Tax with your prior year annual provision from ONESOURCE Tax Provision, then post the data to your current year annual provision. Quick and easy.
- Save Time on Your Return – Eliminate redundancy by creating a consistent transfer of information. Feed trial balance data, book-tax differences, and pre-tax book income from ONESOURCE Tax Provision to ONESOURCE Income Tax to get a head start on your federal and state returns.
- Accommodate Different Charts of Accounts, Entities, and Adjustments – We understand that the return and the provision are calculated according to different levels of detail, which is why one-to-one data transfer fails to provide true return and provision integration. With one-to-many, many-to-one, and one-to-one data transfer, ONESOURCE allows you to easily translate between the level of detail required on the provision and that required on the return.
- State Rates and Apportionment Percentages – Automatically send state rate and apportionment data from ONESOURCE Income Tax into ONESOURCE Tax Provision to generate state-specific provision reports.
- Single Sign-On and Tax Dashboard – Use one login for all your ONESOURCE applications. Gain greater control and visibility over data across the tax department, including return, provision, transfer pricing, sales and use tax, and property tax data. Improve management of Tax Department workflows.
- Workflow and Document Management – ONESOURCE WorkFlow Manager offers you precise control over all of your tax processes within ONESOURCE Tax Provision and ONESOURCE Income Tax. In addition, our workflow solutions provide the ability to securely and accurately store all related supporting documentation for each tax cycle while also generating the necessary approval and audit trails to meet Sarbanes-Oxley and other required controls.
View one of the brochures below for more information.