Automated tax accounting – Current and deferred taxes, e-balance and declaration
This product is a solution for tax accounting and the resulting calculation of current and deferred taxes. With data exported from SAP FI and a reliable structure for data delivery and maintenance, the data for tax accounting and ongoing tax calculations can be efficiently recorded and processed.
Overview
Calculate taxes according to multiple accounting standards
You can, in one system, create deferred taxes in accordance with IFRS and local GAAP for the purposes of the annual or consolidated financial statements and prepare the necessary disclosures in the notes. This vastly reduces the need for further data transfer and additional system interactions.
Improve user experience
The solution was built with ease of use in mind. Every function can be accessed from the central dashboard. This allows for a comfortable user experience and a quick execution of tax management operations.
Automate and centralize your tax accounting
By automating manual processes and centralizing data storage, tax calculation, and reporting, you reduce the effort required, the complexity of the processes, and the susceptibility to errors.
Details
Solution type
Extensions and Add-ons
Industry
Cross-Industry, Retail, Industrial Manufacturing, Engineering, Construction, and Operations, Professional Services
Compatibility
Works with
SAP ERP
Features
Calculate and assess ongoing and deferred taxes
The core module of this tax software allows for easy and fast calculation of the current and deferred taxes in your company. By maintaining the details of deviations in the tax balance sheet you can efficiently determine the assessment base for current and deferred taxes across the year.
Manage E-balance sheets
Allows for easy handling of taxonomies and other master data required for e-balance sheets, and the assignment of accounts to e-balance sheet concepts. The solution includes the means to validate the e-balance sheets before sending, and to send them electronically via the ERiC interface.
Create extensive and detailed reports
The solution includes many comprehensive reporting options for periodical and structured reports such as fiscal entity reports or deferred taxes. This allows for a comprehensive overview of all financial data and how they interact.
