| |
|
Loss Reserve Discounting (LRD) |
|
| |
|
Specific Features
|
General Features
|
|
|
 |
|
|
| |
General Features |
|
| |
Installation & Setup |
|
| |
- Self-installed applications available in two separate
formats of CD Plus Internet Updates and/or 100% Internet-Based Program
(CORPORATE Pro Online)
- The Internet-Based version (CORPORATE
Pro Online) is offered hrough a series of extremely secure and
super-powerful Citrix Servers provided and maintained 24-7 by TaxSation,
or if you already have a Citrix Server
and prefer to use your own, it can be installed on your environment
- CORPORATE Pro Online,
using our servers, eliminates the need to ever have to install the applications
or perform routine Internet Updates and it offers hourly data backup
- CORPORATE Pro Online
allows simultaneous access to the programs and files by several users
from any computer in the world under the most secure conditions
- No Need for a dedicated server and minimum or no IT
involvement
- User-friendly interface resulting in a reduced learning
curve
- 100% Windows applications with all the familiar Windows
functionality
- Built-in security features to allow/restrict access
to the modules, returns, or companies and the level of activity based
on the user’s assigned rights
|
|
| |
|
|
| |
Data Entry |
|
| |
- Automatic transfer or Rollover
of prior year data including prior year balances, prepayments, overpayments
and so much more
- Special programming design providing an easy solution
for transferring prior year data from another software package to CORPORATE
Pro
- Spreadsheet-designed, centralized Input
Schedules with copy/paste capability all throughout the software
- Customizable ASCII and/or Excel Import of General
Ledger or Adjusted Trial Balance regardless of the GL package used
- Easy, customizable and One-time
Import Template Setup through a simple Wizard,
enabling Mapping the GL/Adjusted Trial
Balance data onto CORPORATE Pro schedules
and tax returns that can be used year-after-year
- Availability of Import of
NAIC Diskette information from any Annual Statement package for
all types of Insurance companies
- Availability of separate Book data including GAAP,
International GAAP, Other GAAP and STAT
- Ability to override any calculated value with detailed
Override Summary Report to track each override
|
|
| |
|
|
| |
Productivity Tools |
|
| |
- Full product integration between CORPORATE
Pro Federal and all other modules
- Availability of Stand-alone version of each product
or the choice to purchase in conjunction with each other for maximized
savings
- Variety of User-defined Options
to enable full customization of calculations
and general behavior of the software
- Multiple, built-in batch processing functions for
calculations, updates and printing
- Customizable Automatic Adjustments,
containing Deferred Tax Attributes, to keep your returns in balance
and at the same time be synchronized with Schedules
M1 & M3
- Ability to prepare returns on spreadsheet schedules
while including all adjustments & reclass entries and keeping track
of Temporary & Permanent Differences
- Automatic creation of a variety of supporting schedules
and workpapers for both required filing and/or internal company reporting
purposes
- Additional capability to
attach any type of documents (PDF, Excel, Doc, etc.) to any line
of the return and even file the attachments Electronically (PDF)
- Extensive On-line Help and inclusion of ALL Federal
& State Return Instructions
- Detailed & summarized customizable Check Request
Schedules
- Customizable Export of Check Request data to your
AP department based on their exact specifications
- Highest industry rating for forms approval
- Electronic filing of all
required forms through a single push-button approach with a guaranteed
accurate transmittal
- Automatic generation of Electronic
Filing Diagnostic Report to check for the accuracy of all IRS
Business Rules
- Automatic handling of barcodes and scan lines of all
required forms
|
|
| |
|
|
| |
Management Level Tools |
|
| |
- Detailed Diagnostic Report
for Out-of-Balance situations and other return discrepancies
- Variety of Audit Trail
tools & Drilldown capability
- Built-in Crystal
Report Technology enabling you to produce ANY needed reports
- Incorporation of several Built-in Reports such As
Tax/Book Balance Sheet/Income Statement & Adjustment Details
- Reclass Summary Reports identifying the detail of
reclassed items
- Inclusion of Calc History Report to track changes
to key values such as Total Income, Deductions, Tax, Changes to M1,
etc.
- Other Specific Reports tracking data from the Input
Schedules or Annual Statement all the way to the returns
- Management Reports including Summary
of Taxes Schedule showing your overall company tax situation
while calculating detailed figures for taxes, fees, penalties and effective
tax rates at both the federal and state level
- Built-in tools for a variety of forecasting
functions and conducting “What-if”
analysis
- Customizable Mode, Form & Field Locking Options
to lock computations after any point in time or upon completion
|
|
| |
|
|
| |
Loss Reserve Discounting - LRD |
|
| |
|
|
| |
- Fully integrated
with CORPORATE Pro Federal module
- Can be purchased as a stand-alone program
or in conjunction with the Federal
program for best results
- Discounts Unpaid Losses and Anticipated Salvage
values
- Same as other CORPORATE
Pro applications, familiar spreadsheet design with all
the Windows functionality
- Manual entries, copy/paste and import as
three methods of data entry into LRD Input
Schedules for current and prior year’s data
- Automatic population of LRD Schedules through
a Schedule P Import of NAIC Diskette
from any Annual Statement package
- Capable of discounting using both Published
(Treasury) and Company Experience
(Pattern) Factors
- Availability of all Treasury Factors since
1987
- Incorporation of Treasury Factors within days
of published date
- Availability of All RevProc
Cites along with their relative discounting details
- Enables prior year import of Schedule P for
Company Experience Factor calculations
- Allows for more precise discounting by
offering additional five years of Schedule P “Prior”
line data
- Offers a forecasting feature
to calculate future year discounting values by allowing you
to provide the proper interest rate for future years
- Automatic flow of Discounted Unpaid Losses
and Salvage values to 1120-PC, Schedule
F along with an appropriate Automatic M1 Adjustment for
the change in discount
- Variety of user-defined Discounting Options
such as Gross-up Salvage, Discount Negative Unpaid Losses and
choice of three methods for application of Composite Factor
per Notice 88-100
|
|
| |
|
|
|
