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1. Plug in Reports Added State Forecast Rate Report TAX amp ACCOUNTING Problem Addressed Clients may need to post JE for very granular amounts that are computed in OTP No state report showed the deferred balances for all states in a unit subconsolidation or consolidation Energy companies need to view deferred balances in a specific format o report was available at filing group level o report was available at filing group level o report showed the NOL balances by expiration which is often an AFS Footnote item Tax Expense amounts for prior year accruals are shown with current year accruals No report was available at filing group level Reconciling the Effective Tax Rate to the Unit rates vs the Group rate could only be done at the unit level When the Unit by Unit basis was chosen the system computed a true up adjustment but the calculation was never shown Pre Tax view did not show the Pre Tax Post Apportionment deferred items The equity account offset for amounts entered as Balance Sheet Only for deferreds was not shown in any reports Reports that come with the software need to be modified to meet clients needs There was no report which isolates the interim State Forecast Rate calculation ONESOURCE TAX PROVISION 877 829 5969 onesource thomsonreuters com tax provision FUNCTION HISTORY REPORTING 3 OF 3 Version Solution 50 57 5 0 57 SOS 5 0 57 SOS 5 0 572. SOS 5 0 57 SOS 5 0 56 5056 5 0 56 50 50 5 0 56 Added Forecast Rate Report Added Interim Provision Report Added State Breakdown view of Effective Tax Rate Report Added Change in Rate expanded balance sheet view on Deferred Balances Report Added Current Non Current subtotal view on Temp Diff Summary Report Added Net Deferred Assets Liabilities Report State Provision Summary Stored Procedure Report now has breakout functionality Added State Tax Prov Rot Breakout Report Journal Entry style sheets can be uploaded as Global Attachments for use by all users Tax Provision Stored Procedure Report now has breakout functionality Ability to filter by Current Non Current items on deferred balances report Added capability of hiding State details in the Detailed view of the Tax Provision report Added bucket specific views to the existing payable reports Added Deferred Balance Stored Procedures Report TAX amp ACCOUNTING Problem Addressed Support for the calculation of the forecasted rate is needed Support for the interim calculation to apply forecasted rate to PTBI impact of discrete items State amp Local Taxes amounts in the ETR did not show the breakdown by components Change in rate combined Tax Rate amp Foreign Exchange Rate changes into one number amp no report showed the breakout of the two amounts Sub total by assets liabilities on current n
3. Balance Sheet reports Trial balance accounts in the Tax Basis Balance Sheet may need to be rolled up for multiple reasons on reports Combining data sets could only be done by manually combining exports Payable autopost was on calendar year was 12 31 for Full Year 6 30 for 6 months etc even if year end was a different month Payable entries could only be for the time frame of the data set so Full Year 2010 data set could only have entries from 1 1 2010 to 12 31 2010 Payable autopost was only able to post with the LIAB bucket Deferred Only Adjustment was an option used before Temporary Differences had either the Deferred Only or Balance Sheet Only functionality to plug the deferred tax expense without impacting the deferred balances All pre defined states appeared in the state control center dropdown even if the company isn t in those states 13
4. COMPLIANCE Version Solution Problem Addressed 6 1 CorpTax Export Period Type Override CorpTax requires certain data to import into their software available for each mapping line 6 1 Ability to enter factors for CorpTax CorpTax requires certain data to import into their software Export mappings DOSS Export to InSource improvements Data created for the Provision can be exported to populate InSource return 5057 nSource Autolink Integration Integration with InSource was only available with file transfers not electronic transfer 50 55 Added Export to various Return Tax Return Compliance software CorpTax Vertex etc can re use the Software Packages in their native provision data to start the return formats FUNCTION HISTORY PRINTING Version Solution Problem Addressed 6 1 Batch Export to Excel functionality Batch printing only generates PDF files not XLS files 5 0 56 Ability to define how wide reports are Reports were automatically set to shrink to fit in one page which could allowed to print nake wide reports very small TAX amp ACCOUNTING 3 ONESOURCE TAX PROVISION 877 829 5969 onesource thomsonreuters com tax provision FUNCTION HISTORY IMPORT EXPORT Version Solution 8 2 8 0 6 1 6 1 6 0 6 0 6 0 HOSS 5 0 58 5057 5 0 57 SOSY 5 0 57 SOSY 50 57 5 0 56 5 0 56 Excel Add In has the ability to import data into ONESOURCE Tax Provision Ability t
5. Foreign amp State subtotals for Balance Sheet Deferred Balances amp Payable and Income Statement Current Deferred amp Equity Expense items Producing reports in formats that are consistent easily sharable distributable ormat amp reviewable is important to users Flexibility to choose to either Export to Excel or to a PDF file allows user to create a file format that can be modified Excel or a more static format PDF depending on what the ultimate usage is Excel files are formatted so that amounts are treated as number no need to reformat from text to number to allow data to immediately be analyzed Export to Excel preserves the hierarchy of any detail rows and uses the Excel group functionality to allow it to be expanded and collapsed as needed PDF file can be created in either Portrait or Landscape and the shrink to size is determined The PDF will also include a Date Time stamp and Page Number in the footer Custom client reports become more valuable if they can access Query Stored Procedures amp Data set Comparison capabilities It may allow some Custom clients to be able to return to the Core build from their custom build The Payable accounts typically have data and balances that need to tracked by their specific years Being able to see the open balance by year assists the user to understanding the balances The components entered for the Book and Tax Temporary Difference
6. Provision Effective Tax Rate and Deferred Balances Reports for the instance Balance sheet only field added for Amortized Temporary Differences ass Update State Rates TAX amp ACCOUNTING Problem Addressed When a new data set was created based on an existing data set the user would have to reassign permissions to users even if they were identical to the original data set Client names stored in the license file can change over time amp Firms licensing the software want to put the company name not the Firms name Mass Rates could not be updated with data stored in Admin once the line had been added Only way to update was to delete and re add When a style sheet or other file that applies to multiple users it needs to be added to each user s instance Tax Basis mappings can change over time and can be different on the quarters vs the full year Updating Global Attachment was only achieved by deleting and re adding Rollforward can change over time and can be different on the quarters vs the full year Clients have the password policy that doesn t require the passwords to be case sensitive Contig JE drop down for GL Account will show all sub lines and should only be the tax accounts Data entry in Temp dictates how the amounts appear on reports Controls to guide the user to enter it Beginning balances should be locked Some tags types should be locked or only available to Admin users Rollforward can change o
7. is based onan Accounting Election not determined by Tax Being able to set a default based on the code and locking the C NC dropdown for Read Write users to ensure correct designation is used for all Temporary Differences to avoid rework at Headquarters 10 ONESOURCE TAX PROVISION 877 829 5969 onesource thomsonreuters com tax provision FUNCTION HISTORY USABILITY 2 OF 4 Version Solution 8 0 8 0 8 0 8 0 8 0 8 0 7 0 7 0 7 0 7 0 7 0 7 0 7 0 Ability to Lock Beginning Balances and Rates Data Dimensions Phase 1 Data Source History State Types NOLs amp ATTDs added to Tax Basis mapping dropdown Option to clear status when copying data sets Revamped User Interface Unit amp Data set Icons for Active amp Read only Control Center dropdowns for only appropriate for area being worked in Excel like data entry grids which support in line editing multiple item deletion filtering sorting group by and copy and paste to Excel Full list of data sets available in the Control Center which now has sort and filter ability Manage Configurations for easy to use system parameters Information about the session set up displays on bottom TAX amp ACCOUNTING Problem Addressed Beginning balances and rates are typically the result of rolled over ending balances that have been reported Read Write users having access to change beginning balances or rates c
8. the most current rates to ensure the proper tax accrual is being booked 8 0 Contra Asset concept added to Tax The book tax differences for equity did not change their sign to cancel out Basis mappings the total on the Tax Basis Balance Sheet report 7 0 RTP posting can now be done for Multiple units are typically done at one time and users had to trigger it 1 multiple units based on subcon or unit at a time consolidated 6 1 Valuation Allowance Automati data set param VA_CALCTYP added new type 4 3 Valuation Allowance scenarios that have pre rate and post rate considerations do not work with the data set param VA_CALCTYPE type 2 6 1 Payable reclass posting added for State liability computed by one unit can not be moved to another unit States even if that is how it is booked in the payable 6 1 Flow through Module Units that have data that should be migrated to another unit based on a or amount basis had to be done manually 6 0 Return to Provision True up Posting Comparing two data sets to post the RTP true up was done by exporting via new Data set Relations the unit breakout comparison report running a macro and importing the result to a third data set 6 0 Payable Reclass posting for Federal Federal liability computed by one unit can not be moved to another unit even if that is how it is booked in the payable 6 0 Tax Adjustments have Type Equity Tax Adjustments could only im
9. Amounts in data sets may be needed in another data set AWP in 6 0 had most of the Excel functionality removed that clients expected Multiple cells can have substantially similar mapping in AWP If the base data can be copied then only the unique area would need to be modified Tracking who and when AWPs were last modified is critical to users Data stored in the database was pulled out of OTP into Excel additional data was added calculations were done and the data was manually added back into OTP Allows offline calculations to be done in OTP ONESOURCE TAX PROVISION 877 829 5969 onesource thomsonreuters com tax provision FUNCTION HISTORY DOCUMENTATION Version Solution 8 0 6 0 5 0 56 5 0 56 30 50 Integration with ON ESOURC E FileRoom User Manual embedded in Help tab Attachment ability added for Intercompany Transactions Ability to Rollover with attachments Manage attachments button has been added to the payable section in the Provision tab FUNCTION HISTORY GLOBALIZATION Version Solution 8 1 8 0 7O Integration with ON U SOVRE E Corporate Tax Changes to reports text and data entry screens which are U S centric Multi language support TAX amp ACCOUNTING Problem Addressed Supporting documentation needs to be attached and related to a period in time to support the amounts Some documents support a single number while others appl
10. ONESOURCE TAX PROVISION A HISTORY OF LISTENING TO CUSTOMERS AND DELIVERING SOLUTIONS At Thomson Reuters customers come first We listen We learn We adapt our products to address our clients changing needs Here s a glimpse of how ONESOURCE Tax Provision formerly TaxStream has evolved as a direct result of customer feedback into the secure and sophisticated application that it is today HIGHLIGHTS OF ONESOURCE TAX PROVISION 8 2 Solution Problem Addresses Excel Add In Moving data from Excel spreadsheets to ONESOURCE Tax Provision is now easier and efficient Users can use this new Excel Add in data management tool to import data into ONESOURCE Tax Provision directly from Microsoft Excel Print Preview in Reporting Framework Users would like the ability to open save print reports from ONESOURCE Tax Provision directly instead of having to first save the report to a local computer This new print preview feature will allow users to easily preview and print reports allowing for higher efficiency and time savings TAX amp ACCOUNTING THOMSON REUTERS ONESOURCE TAX PROVISION 877 829 5969 onesource thomsonreuters com tax provision FUNCTION HISTORY ACTIVE WORKPAPERS MODULE Version Solution 8 0 AWP can pull Payable values 8 0 AWP can pull amp push values for Book Tax Basis Temps amp After Tax Temps 8 0 Adjustment dropdown includes Code Name 8 0 Active Cells are now highli
11. alance Sheet Only can automate amp strengthen the relationship of that data To include a unit into multiple CSC in the import file the unit had to be listed on multiple rows Only way to populate trial balance data in Interim was to import and could not use bridge mapping for tax sensitive accounts Archiving data requires that multiple data sets are exported Users working ona single unit will only want that unit s data to export Users working on a subset of units will only want those units data to export A data set may have multiple units with all the same states activated Each state record for a specific state needs to have the same tax rates Results of queries run in the TS Database Analyzer could not beexported to Excel mport log has rows with errors mixed with rows with no errors so entire log must be reviewed to find issues Bridged Archives log could not be Exported to Excel Audit trail could only be brought into Excel by copying all and pasting in Excel TS DB Analyzer results could only be brought into Excel by copying all and pasting into Excel Plain text passwords have to be hashed before they are imported The ability added in 5 0 57 was removed in 6 0 When units are included in a CSC the import required the unit to be on 2 rows once for the CSC _X amp again on the CSC _ row Liability Tab entries could not be exported to Excel Inter company Transactions exported all data sets
12. an cause the beginning to disagree with the prior ending Capturing and displaying the true source of data history of the data and allowing additional characteristics to be captured on the data entry line assists users on being able to re use and categorize data based on the various dimensions While the simple dimension of tag is often adequate when complex data is being tracked by multiple users the system needed a better way to capture and display it The current Numbers Audit Trail is not user friendly it is hard to locate the data the user is looking for There are many types of States users may put in the system States Trade Tax Provinces etc and there is no easy way to distinguish between them Not all types of Temporary Differences were available to be mapped in the Tax Basis mappings Commit reviewed statuses are brought over when a data set is copy when the user is typically looking to start with clean statuses Outdated look non optimal use of screen space clients getting lost not knowing where to go Ability to quickly identify which Data set amp Units have data or are read only in a list Previously all dropdowns displayed even when they did nothing for the particular section a user was working in e g sub consolidation while entering data Outdated look users want it to look and feel more like Excel When there were many data sets they displayed in a long list so they were hard to find Parameter
13. ghted different colors based on their action 70 AWP can pull 24 State calculated values 7 0 AWPs can now be used with Interim data sets oul AWP can pull 26 Federal calculated values 6 Batch running of AWP 6 Ability to move amounts data set to data set via AWP 6 Additional Excel functionality added to AWP 6 User interface in AWP to copy mappings across cells 6 1 Modified by and date columns added to AWP management screen 6 0 Active Workpapers TAX amp ACCOUNTING Problem Addressed Being able to break down the Beginning and Ending Payable balances by jurisdiction on a Unit SubConsol Consol basis help the reconciliation to the Trial Balance accounts and understanding of the balances Book Tax Basis Temps were not available values in AWP Adjustment dropdowns in the mapping bar contain only codes which requires the user to know all the codes in the system to easily map Active Cells 3 different actions GET SET and SYN can be performed in AWP but there is no easy way to see which Active Cells are for each action without clicking in them State secondary tax calculations start with calculated amounts Calculated values added for Federal only in 6 1 AWP functionality can assist in the Interim calculations Secondary tax calculations need to be done which starts with calculated amounts Tiered calculations or multiple AWP required the user to remember the order and open the AWP to refresh
14. information instead of only the current data set ONESOURCE TAX PROVISION 877 829 5969 onesource thomsonreuters com tax provision FUNCTION HISTORY REPORTING 1 OF 3 Version Solution 8 1 8 1 8 1 8 1 8 1 8 0 8 0 8 0 7 0 7 0 7 0 7 0 7 0 Footnotes Text Box on Reports Effective Tax Rate Data set Comparison Tax Account Report Export Reports to Excel amp PD Plug in Report Writer Enhancements ew view on Payable Report Year Bucket Breakout with Rollups ew Deferred Book Tax Detail Report Ability to configure number of decimals from 1 4 which display for the Effective Tax Rate on the ETR Report Reports grouped in logical folders Added Effective Tax Rate Proof Report Added Tax Expense on Income Statement Report Loading message appears as reports are building Reports now display after Double Click or Run Report is chosen TAX amp ACCOUNTING Problem Addressed The user can enter text to describe the amounts in the report complimenting the numbers and detailing the reporting information being captured This field on the report can either be included or excluded when the report is saved as either the Excel or PDF format Generates a side by side comparison of two data set for the Effective Tax Rate by underlying unit and for the total Comprehensive Total Provision Tax Account report defined by Federal
15. names and values were complex users weren t always aware a new param was available User needed to hunt to find information about the schema user name user access version for Support 11 ONESOURCE TAX PROVISION 877 829 5969 onesource thomsonreuters com tax provision FUNCTION HISTORY USABILITY 3 OF 4 Version Solution 6 1 6 1 6 1 6 1 6 1 6 1 6 0 6 0 6 0 6 0 6 0 Ability to Copy Security Access for users when rolling over and copying data sets Ability to change the client name which displays in window header and in report headers Added Copy from Admin buttons to refresh data set level Country Rates Currency Rates amp State Rates Ability to save Global Attachments directly to your hard drive Tax Basis Mapping available at Data set level Update Global Attachment option OL Rollforward configuration at the data set level Usernames can now be case insensitive Ability to designate which Trial Balance SubLines should display for use with Configurable JE Module Added Single line Temporary Difference data entry Deferred Rollforward configuration at the data set level Adjusted Balances Column on Deferred Balances Report can now be configured at the data set level Ability to Restrict Read Write users from specific Tax Adjustments and specific Tags Tax Adjustments have Source Tag associated with them Can set the default view of the Tax
16. o populate Ending Balances for Book Tax Basis Temporary Differences Alternate option for importing custom subconsolidations CSCs Bridge functionality available in Actual section of Interim tab Ability to export multiple data sets at once Ability to export a single unit of a data set Ability to export select subconsolidations Import State Rates Ability to export results of TS Database Analyzer to Excel New format on Import Logs to emphasize where attention is required Bridged in data can be exported to Excel Filtered Audit Trail Reports can be exported to Excel TS Database Analyzer results can be exported to Excel Passwords can be imported in plain text rather than only encrypted Ability to import custom subconsolidations CSCs by Unit Liability transactions can now be exported from the liability tab Intercompany Transactions export on a data set basis TAX amp ACCOUNTING Problem Addressed Moving data from Excel spreadsheets to ONESOURCE Tax Provision is now easier and efficient Users can use this new Excel Add in data management tool to import data into ONESOURCE Tax Provision directly from Microsoft Excel When deferred tax assets liabilities are accrued based on the reversal of book balance sheet accounts the ability to associate the ending trial balance with that temporary difference and how it should impact tax expense Activity Deferred Only B
17. on current basis is often disclosed in AFS FAS 109 paragraph 42 requires deferred balances to be netted by the country they originate in Temp Diff Summary report only nets based on Total Asset amp Liability Views to see breakout by Unit State amp breakout subconsolidation by State were not available Provision by Unit with State by State breakout is needed to explain the total State tax computed JE style sheets need to be added to each user s instance so any changes needed in the file required it to be re added to each user s instance Unit breakout could only be displayed by Exporting to Excel not on screen Deferred balance report combined the current amp non current items Detail view lists each state amp if there are multiple states it can make the report long Each payable line has to have a bucket assigned to it but that bucket assignment was not used in reporting Breakout views on the consolidated and sub consolidated level reports will display on screen vs requiring to export to Excel ONESOURCE TAX PROVISION 877 829 5969 onesource thomsonreuters com tax provision FUNCTION HISTORY USABILITY 1 OF 4 Version Solution 8 2 8 1 8 1 8 1 8 1 8 1 8 0 8 0 8 0 8 0 Print Preview in Reporting Framework Reporting User Interface Freeze Panes Expand Contract Sections Show Hide Hierarchy Levels ighlight Row Columns Set All Views Standardizati
18. on of Font amp eaders Audit Trail Expansion for Data Source History Audit Trail Expansion for Data Source History Archive Data set Functionality Reporting User Interface Freeze Panes Expand Contract Sections Show Hide Hierarchy Levels ighlight Row Columns Set All Views Standardization of Font amp eaders ew Payable Posting to NC_ Tax Adjustments Expanded time period options for nterim data sets Additional parameters added to Manage Configurations Default C NC Designation for Temporary Differences at Admin level TAX amp ACCOUNTING Problem Addressed Users would like the ability to open save print reports from ONESOURCE Tax Provision directly instead of having to first save the report to a local computer This new print preview feature will allow users to easily preview and print reports allowing for higher efficiency and time savings Data is often reviewed on the screen in Reports By adding usability features like Freeze Panes Expand Contract Show Hide and setting all views allows this to be done in an easier fashion and more effectively Data Source History is a more effective way to understand the Audit trail Addition Number Components have been added as well as the ability to choose many or all in the search Data Source History was added for Category Components with the same capabilities Data Source History is a more effective wa
19. pact the P amp L and not the Equity Equity or P L associated with them items had to be grossed up and entered as Perms with E type 6 0 Ability to enter a CTA adjustment o way to enter a number that only impacted Reporting Currency reports for CTA rounding 6 0 Options to treat CTA as having an For IFRS CTA is included in the P L where for GAAP CTA is included in impact on Equity or P L the Equity 6 0 Added the ability to enter ending Deferreds can be the reversal of an ending balance in the trial balance balance and calculate activity for nstead of entering Activity to derive Ending Deferred allow Ending to be Amortized amounts entered and derive Activity 5 0 58 Estimated Payment link to payable Data kept in the Provision data set for the Payable related to estimated payments made amp overpayments received needs to be considered in the Estimated Payment data set 5 058 Alternate approach to Alternative RS Form 6251 has specific instructions on how to compute the AMT Minimum Tax AMTs liability that the existing functionality did not comply with 5 0 57 Added Interim Tab functionality FIN 18 requires a forecasted rate to be calculated and applied to PTBI amp discretes added DOG Added APIC Pool functionality FAS 123 r introduced the concept of tracking the additional paid in capital APIC period over period TAX amp ACCOUNTING 4 ONESOURCE TAX PROVISION 877 829 5969 onesource thomsonreuters com tax provision FUNCTION HISTORY
20. s are only shown as a net amount on reports In some countries the Statutory Tax Rate goes out to 3 or 4 decimals and the rounded presentation looks odd Reports that addressed similar areas were displayed in a long list so they were hard to find on US reporting requirements on US reporting requirements Large reports can take a while to load so the user was not sure if the system was working or had timed out Users would click on the wrong report and have to wait for it to load ONESOURCE TAX PROVISION 877 829 5969 onesource thomsonreuters com tax provision FUNCTION HISTORY REPORTING 2 OF 3 Version Solution 6 1 6 1 6 1 6 1 6 0 6 0 6 0 5 0 58 Configurable Journal Entry Module Added State Summary Deferred Balances Report with State by State breakout ERC view of Deferred Balances report for regulated energy companies Payable Rollforward Report available at Filing Group level Payable Detail Report available at Filing Group level Added NOLs Expiration Report Added Prior Year Breakout View on Foreign Domestic Summary Report Effective Tax Rate Report available at Filing Group level Use Blended Rate view on Effective Tax Rate Report available at Consolidated amp SubConsolidated level Added Forecast True Up Report Added Pre Tax Post Apportionment View on State Specific Deferred Balances Report Added Equity Offset Report
21. set Combine functionality Payable autoposting dates can be changed for fiscal year clients Payable data entry restriction can be removed Choice of Payable autoposting bucket can be configured Deferred Provision Only field on Unit Details screen can be configured Ability to limit State dropdown in Control Center to only display custom states TAX amp ACCOUNTING Problem Addressed A data set may have multiple units with all the same Countries designated Each unit for a specific Country needs to have the same tax rates A data set may have multiple units with the same Currencies designated Each unit for a specific Currency needs to have the same foreign exchange rates Separate types of Deferred events tracked with tags but going forward the balances should be combined into one balance for the code eed for better user permissions so users could not batch print data that they did not have permission to access eed for better user permissions so users could not bridge data that they did not have permission to populate eed for better user permissions so users could not import data that they id not have permission to populate C anagement of deferreds may need to show each tag letter in a separate column Choosing either 3rd or 6th column for the adjustment column didn t meet all client s needs Trial balance accounts may need to be rolled up for multiple reasons on the Income Statement amp
22. ver time and can be different on the quarters vs the full year Adjusted column placement can change over time and can be different on the quarters vs the full year eed for better user permissions some tax adjustments should only be populated by Admin users Only one entry for a Tax Adjustment code was possible Standard default views of the reports were not configurable Missing functionality for Balance Sheet Only field in Amortized Temp Diffs A data set may have multiple units with all the same states activated Each state record for a specific state needs to have the same tax rates 12 ONESOURCE TAX PROVISION 877 829 5969 onesource thomsonreuters com tax provision FUNCTION HISTORY USABILITY 4 OF 4 Version Solution 6 0 6 0 6 0 5 0 58 510 56 5 0 58 DOSY 5 0 57 SOS 5 0 57 SOS 5 0 57 SOS 5 0 57 SOS 5 0 57 Mass Update Country Rates Mass Update Currency Rates Data set rollover option added which allows for temporary differences to be scrunched together User Restrictions for Batch Printing Ability to limit the levels of data which can be bridged into OTP User Restrictions for Importing umber of Deferred Rollforward columns allowed increased from 15 to 26 Adjusted Balances Column on Deferred Balances Report is now user defined User defined rollups for Trial Balance Report User defined rollups for Tax Basis Balance Sheet Report Added Data
23. y to a group of units or an entire data set User manuals change with each version are large files and had to be downloaded every time there was an upgrade anage attachment was not available for Intercompany Transactions so documents could not be attached Attachments in a data set that need to be in the next period s data set had to be re attached Manage attachment was not available for Payable entries so documents could not be attached Problem Addressed Electronically send amp receive data from ONESOURCE Corporate Tax Uk Some areas of the system reports and wording are U S specific and do not apply to other countries Global user base that wants to see other languages other than English ONESOURCE TAX PROVISION 877 829 5969 onesource thomsonreuters com tax provision FUNCTION HISTORY CALCULATIONS Version Solution Problem Addressed 8 1 State Include Exclude Percentages nclude Exclude Fed Perms amp Temps on a state by state basis instead of on State by State Basis defaulting to 100 or O for all states Users can also enter a custom on each code for each states reflecting the proper state treatment of the Federal item e g include 100 for NY and 80 for CA 0 WA etc 8 0 Interim Year To Date option for The actual PTBI builds during the year and the forecasted rate calculation advancing time periods is modified over time The YTD amounts must be considered at
24. y to understand the Audit trail Addition Number Components have been added as well as the ability to choose many or all in the search Data Source History was added for Category Components with the same capabilities Over time an instance can accumulate many data sets Archiving Data sets will remove the clutter from drop downs to streamline Data set can be Un Archived at any time Fewer data sets leads to optimal performance so it is recommended to Archive data sets that do not need to be accessed Data is often reviewed on the screen in Reports By adding usability features like Freeze Panes Expand Contract Show Hide and setting all views allows this to be done in an easier fashion and more effectively NC_ Tax Adjustments are a place where users are accommodating for many different impacts to the current provision and often relate to many open years Because it is a mix of items the user may need to assign a year or a specific bucket for each one to ensure it is represented in the right area for the Payable reconciliation Users taking the FIN 18 APB 23 approach may continue using it beyond the interim period to have comparable data for the entire year The data can be tracked my month quarter or some number of periods Some parameter names and values are still required to be known and entered to configure features and functionality For many Deferred Tax Assets Liabilities the C NC designation
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