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Provision - FAS-109 & SSAP-10 |
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Specific Features
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General Features
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General Features |
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Installation & Setup |
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- 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
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Data Entry |
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- 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
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Productivity Tools |
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- 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
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Management Level Tools |
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- 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
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Provisions - FAS109 & SSAP-10 Specific Features |
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- Fully integrated with CORPORATE
Pro Federal Income Tax module
- Designed based on direct feedback of several
clients gathered from several Advisory
Board Meetings and other focus groups, consisting of
some of the most distinguished tax professionals in the industry
- A logical common approach to allow preparation
of any type of income tax return/provisions
on built-in spreadsheets while eliminating the need to keep
track of multiple external spreadsheets
- Comes with a variety of customizable “Periods”
(based on user’s needs) such as Periods 1 to 12, End of
Period, Final Year-end Provisions and Filing Return Period,
allowing for independent, hypothetical or even cumulative data
for each Period to be imported into separate Provisions spreadsheets
- The hypothetical Periods can be used for
a variety of forecasting, planning
and “What-if” Analysis
- Allows for multiple Period imports of (ASCII
& Excel) General Ledger or Adjusted Trial Balance data into
Provisions spreadsheets with easy-to-use, customizable import
templates for Mapping the imported data directly to the tax
return lines for any type of company
- Availability of separate Book data including
GAAP, International GAAP, Other GAAP and STAT
- Each Period can produce different GAAP, STAT
or TAX basis returns at any point during the year including
the Filing Return
- Offers two separate viewing models including
Tax Return Model and Adjusted
Trial Balance views
- Allows you to enter any type of adjustment
or reclass on spreadsheets while building your returns including
GAAP, STAT or M1 Adjustments all tied to M3 Schedules
- Produces Book to Tax Reconciliations for
multiple Periods
- Reconciles Filing Return to Provisions (True-up)
or True-up Filing Return to Provisions
- Allows for determination of timing of adjustments
(i.e. Temporary or Permanent)
- Keeps track of your Cumulative Temporary
Differences for each Period
- Calculates your Current and Deferred Income
Taxes
- Comes with full override capabilities
- Synchronized with both M1 & M3 Schedules
- Comes with a variety of built-in Reports
such as Tax/Book Balance Sheets/Income Statement, Effective
Tax Rate Reconciliation and so much more
- Includes unique Ad-hoc
Reporting mechanism by using Crystal
Report Technology and allowing you to produce any reports
of any kind for any given period all throughout the software
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