Streamline and automate the preparation of interim and year-end income tax provisions
Built with full support of ASC 740 and ASC 980 accounting standards at its core, the tax provision module integrates with SAP S/4HANA, general ledgers, fixed asset and depreciation systems, and other tax modules to ensure timely and accurate calculation of current and deferred taxes.
By Lucasys Inc
Benefits
Ensure timely and accurate calculation of current and deferred taxes
The solution's prompt, precise computations computations for both current and deferred tax obligations give your team confidence in reporting accuracy and compliance.
Use dynamic drill-down capabilities and evaluate return-to-provision variances
Utilize interactive breakdowns to explore details and assess differences in return-to-provision results, empowering users with deeper insights and clearer decision-making.
Integrate with our full tax suite
Seamless connection of your tax provision workflow with the our full tax suite provides you with unified data, automated updates, and consistent reporting across modules—boosting accuracy, efficiency, and collaboration.
Features
Receive full support of ASC 740 and ASC 980 accounting standards
The solution's compliance with ASC 740 and ASC 980 standards, delivers robust support for regulated tax accounting, reporting, and disclosure requirements.
Streamline compliance across multiple jurisdictions.
Easily dashboard complex tax scenarios for stakeholders — support federal and multi-state tax provisions for accurate, streamlined compliance across multiple jurisdictions.
Perform reconciliations and create audit-ready reports
Fully prepare for audits with accurate and compliant tax reports, giving stakeholders confidence in data integrity and ensuring smoother regulatory reviews.
