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.
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.