Tax provisions with OneStream
Experience Corporate Peréormance Management
Licenses, Consulting, Implementation, Training & Support
We are looking forward to advise-you
Tax provisions with OneStream
(Reading time 2 minutes)
Reconcile tax provisions easily with reports through OneStream CPM. Say goodbye to spreadsheets and stand-alone solutions and automate your tax provisions and tax calculations.
Automate and streamline the collection and review of tax data and achieve consistent tax calculations.
Report consolidated and statutory effective tax rate including comprehensive breakdown of supporting details, footnotes and management reports.
Reconcile data while minimizing the need for reconciliation: Automate reporting and export data to tax compliance systems.
Main features | OneStream XF
1. uniform data acquisition
Streamline and automate the gathering and evaluation of tax data while ensuring accurate and consistent tax calculations..
- Use the same balance list data loading processes for tax accruals as for financial reporting.
- Capture additional data using standardized forms.
- Use repeatable standard calculations in the tax provision, and extend them to meet the needs of your business.
2. data reconciliation and validation
Use a unified platform to minimize reconciliations. Automate reporting and export data to your tax systems.
- Data reconciliation, transparency (drill-down) and data validations reduce the need for reconciliation.
- Configurable input forms for tax rates, payments and refunds, tax characteristics, accruals, current accruals, deferred tax progression and tax account reconciliation.
- Data export and import to tax systems for easier reconciliation of tax returns and accruals.
3. integrated reporting and drill-down
Provide detailed analysis and breakdown of both consolidated and statutory effective tax rates, accompanied by supporting information, footnotes, and comprehensive management reports.
- OneStream calculates current tax expense, deferred tax expense and deferred tax assets and liabilities.
- Configurable reporting including required notes, e.g. according to IAS 740 or ASC XNUMX.
- Perform tax account reconciliation, report on consolidated and statutory tax rates.
Additional functions
With OneStream, you get a powerful, flexible tax provisioning solution that fully integrates with financial consolidation (OS), reporting (OS) and account reconciliations.
- Use pre-built tax data cubes that cover all requirements of a total tax provision
- The system captures data and generates reports for all tax provision calculations, including:
- Current tax provision
- Deferred tax progression
- Analysis of the effective tax rate
- Monitoring tax losses and tax credits
- Balance of current and deferred tax assets / Walk Across
- Alternative corporate hierarchies for tax reporting
- Tax-specific scenarios, calculations, input forms and reports
- Separate dimensions for tax accounts, jurisdictions and more
- Experience the power of total tax provision calculation and financial reporting all in one application, sourced from a single, streamlined solution.
OneStream XF - Lösungen entdecken
Bitte füllen Sie das folgende Anmeldeformular aus und wir werden uns in Kürze mit Ihnen in Verbindung setzen!
Geben Sie niemals vertrauliche Informationen (Kreditkartennummern, Sozialversicherungsnummern, Passwörter) über dieses Formular weiter.
Diese Website ist durch reCAPTCHA geschützt und es gelten die Datenschutzerklärung und Nutzungsbedingungen von Google.
Other solutions in the field:
Financial accounting
Financial Statements & Consolidation
Make financial close and consolidation complexities manageable with OneStream and deliver fast and valid insights to internal and external stakeholders.
Financial Signaling
Disrupt the end-of-month reporting routine using OneStream. Convert daily and weekly indicators from various data sources into valuable insights that propel performance.
Reporting and Analyse
Consolidate your financial and operational data with OneStream for enhanced performance and worth. Deliver pertinent data in the appropriate format to diverse audiences when they need it.
Financial Data Quality
With OneStream CPM, integrate and validate data from multiple sources and make confident decisions based on accurate financial and operational results.
Account reconciliations
Master complexity and ensure the integrity of your financial results with OneStream by reconciling account reconciliations to financial statement reporting.
Transaction reconciliation
Merge transaction data from multiple sources with OneStream and quickly reconcile differences to speed account reconciliation and financial close.
Compliance Solutions
Ensure compliance with IFRS, US GAAP and other local regulatory requirements while reducing your company’s compliance costs with OneStream.
Tax provisions
Say goodbye to spreadsheets and stand-alone solutions and automate your tax provisions and tax calculations with OneStream.
ESG Reporting
Overcome the complexity of sustainability (ESG) reporting with OneStream by unifying it with financial reporting. Provide quick insights to internal and external stakeholders. Replace Excel® spreadsheets and ESG reporting standalone solution with a modern, unified platform.
Financial Planning & Analysis
Planning, budgeting and forecasts
Align intelligently with OneStream. Advanced planning and analysis (xP&A) across sales, marketing, supply chain and FP&A with flexibility and control. Work together with data-driven insights and signals to drive continuous planning and performance management across the enterprise on a unified, intelligent platform.
Financial Signaling
Break the month-end reporting cycle with OneStream by turning daily and weekly operational signals from multiple data sources into actionable insights to drive performance.
Reporting und Analyse
Unify your financial and operational data for greater performance and value with OneStream. Provide the right information in the right format at the right time to different audiences.
Personnel planning
With OneStream XF, model and develop workforce plans using drivers and dynamic calculations to forecast the cost of new hires and changes in compensation, benefits, taxes, travel, and other related expenses.
Capital planning
Optimize capital asset planning and related depreciation, maintenance, and insurance impacts in the P&L, balance sheet, and cash flow statement with OneStream.
Sales Planning
Intelligently align customers, products, pricing, and sales targets with your financial plans in a unified data model and user interface with OneStream.
Profitability analysis
Analyze revenue and costs across multiple products, customers, or sales channels with OneStream XF and gain insight into underlying profitability drivers.
Meaningful Machine Learning (ML)
Unleash the power and sophistication of Data Science in Finance and Operations through OneStream XF. Experience CPM of the latest generation.
eXtended Planning & Analysis (xP&A)
Gartner defines Advanced Planning and Analysis (xP&A) as an evolution of Financial Planning and Analysis (FP&A) that aligns operational planning with an organization’s financial performance.
OneStream
Corporate Performance Management redefined
Are you looking for something different?
Find more leading CPM providers here: