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ONESOURCE Direct Tax

Tax Provision

Automate IAS 12 and ASC 740 provision calculations, bring data together from multiple sources and move from consolidated results to supporting detail in seconds.

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Turn complex provision data into confident close results

Tax provision teams work under tight close deadlines while managing changing entity structures, multiple data sources and demanding reporting requirements. ONESOURCE Tax Provision centralises calculation, data capture, reporting and review so teams can close with less manual rework and a clearer audit trail.

Automated provision calculations

Calculate current and deferred tax provisions across entities and jurisdictions using a central calculation engine designed for complex tax scenarios. ONESOURCE Tax Provision supports both IAS 12 and ASC 740 workflows, helping teams produce consistent, defensible tax entries without rebuilding calculations in spreadsheets.

Harness the benefits of ONESOURCE Tax Provision

Close faster

Automate calculations, data movement and review to spend less of the close window assembling and checking spreadsheets.

Increase accuracy and consistency

Use connected data and one calculation engine to reduce duplicate entry, manual adjustments and version-control risk.

Respond faster to review

Drill from consolidated results to supporting detail and build reports for auditors, finance leaders and other stakeholders without recreating analysis offline.

Connect provision to compliance

Reuse provision data across direct tax to reduce hand-offs and create a more consistent path from close to filing.

See ONESOURCE Tax Provision in action

Explore how ONESOURCE Tax Provision helps teams calculate, review and report provision results while keeping supporting data connected through the close process.

Put tax provision to work

Learn how ONESOURCE Tax Provision automates calculations, connects data sources and gives reviewers faster access to the detail behind every result.
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Dig deeper into tax provision

FAQs

Close faster with provision data you can trust

Talk to our team about automating tax provision calculations, reporting and data flows across your entities and finance systems.

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Tell us about your tax provision process and a Thomson Reuters specialist will contact you to discuss the right next step.

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