Tax Provision

Align Tax Provision with Reporting

Eliminate spreadsheets and disconnected point solutions, automate and streamline tax provision and reporting.

01
Reduce Risk
Automate and streamline tax data collection and validation and ensure consistency in tax calculations.
02
Report Transparently
Report consolidated and statutory Effective Tax Rate (ETR) with full drill-down into supporting details, generate footnotes and management reporting.
03
Increase Efficiency
Align data and minimize reconciliation, automate reporting and export data to tax compliance systems.

Key Features

Unified Data Collection

Automate and streamline tax data collection and validation and ensure consistency in tax calculations.

  • Leverage the same trial balance load for tax provisioning as for financial reporting.
  • Collect supplemental data through standardized data entry forms.
  • Apply standard repeatable tax provision calculations that can be extended to suit your company’s needs.

Data Alignment and Validation

Leverage a unified platform to minimize reconciliations. Automate reporting and export data to tax compliance systems.

  • Data alignment, transparency (drill-down), and validation reduces reconciliation requirements.
  • Configurable input forms for tax rates, payments, and refunds, tax attribute detail, return to provision, current provision, deferred tax roll-forward, and tax account reconciliation.
  • Data exportable to tax compliance systems and importable from tax compliance to facilitate the return to provision true-up.

Integrated Reporting and Drill-Down

Report consolidated and statutory ETR with full drill-down into supporting details, generate footnotes and management reporting.

  • Generates current tax expense, deferred tax expense, and deferred tax assets and liabilities.
  • Configurable reporting that enables footnote disclosure reports required under ASC 740.
  • Perform tax account reconciliation, report on consolidated and statutory ETR.

Additional Capabilities

OneStream offers a powerful, flexible tax provision solution that’s completely integrated with financial consolidation, reporting and account reconciliations.

  • Pre-built tax cube configured to support the Total Tax Provision requirements
  • The system collects data, calculates and enables reporting for all tax provision computations, including:
    • Current Tax Provision
    • Deferred Tax Roll-forward
    • Effective Tax Rate Analysis
    • Monitoring of tax losses and tax credits
    • Current and Deferred Tax Asset Balance / Walk Across
  • Alternate entity hierarchies for tax reporting
  • Tax-specific scenarios, calculations, input forms and reports
  • Separate dimension for tax accounts, jurisdictions and other details
  • Total tax provisioning lives in the same application as the financial reporting solution

Customers We Work With


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MarketPlace

Delivering 100% Customer Success

“Using OneStream’s Tax Provision solution has been a big improvement over the spreadsheet approach we were using before. For example, with OneStream we were able to efficiently consolidate our tax footnotes and financial statement disclosures, eliminating the previously manual process.”
Jennifer Korrie | Corporate Tax Manager

Related Resources

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All Resources

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