Calculations overview

The Calculations screen shows all calculations for entities that you have permission to view and is organised by datasets.

Primary terms

It's helpful to understand the primary terms used in ONESOURCE Corporate Tax:
  • A dataset is a snapshot of data for a specific reporting period and purpose. It is the building block to setting up calculations for a particular purpose. Each calculation belongs to a dataset.
  • An entity is a business unit, company, or even a department; depending on how a business is managed, or as a group or partnership. A dataset and its entities are the building blocks to completing calculations.
  • A calculation is a set of accounting-related sheets, based on a template provided by Thomson Reuters, used to prepare a specific tax calculation for the purposes of tax provision or filing a tax return. As you view a calculation within ONESOURCE Corporate Tax, it consists of a set of sheets (similar to a Microsoft Excel workbook).

Calculations screen

The Calculations page is the screen that opens when you first log in to ONESOURCE Corporate Tax. The Calculations grid shows the list of your accessible calculations. The Calculations grid should not be confused with the calculation workbook. The workbook is where sheets and forms are calculated for a specific purpose, such as a tax return.
The
Show
dropdown lets you select the returns you want to view. When you first log in,
Recently viewed returns
is selected by default and shows the 100 most recent returns you have accessed.
The Calculations grid shows the dataset and entity properties and provides access to basic functions. For example, you can quickly view the calculation summary or delete datasets. You can also sort or filter the list, customise the grid, or export the list of calculations.

Calculation workbook workspace

Select a hyperlink in the Calculation Name column on the grid to open the calculation workspace. The calculation workspace includes datasets, entities, templates, and other accounting and tax-related sheets. Select the + and - icons in the left pane to open or close calculation workbooks in the right pane and show their associated calculations or forms.
With the calculation workbook open, you manage all aspects of sheets through the calculation workbook toolbar, including:
  • Formatting sheets, cells, rows, or columns
  • Complete the add, change, save, insert, delete, export, e-file, or print functions
  • Add or change the status
  • Add a note or attachment
  • View the calculation history
  • View errors
  • Edit sources
  • Link prior period data
  • Save a new version of a calculation
The notification centre is located in the upper right, above the grid. It displays information regarding the status of the calculation, such as whether it has been filed electronically and whether the electronic filing was successful. You can also see users that currently have the calculation open.
Located in the upper left above the grid is a toolbar contains actions required to change, prepare or maintain calculations for use. Hover over the icons to view, or select an arrow to reveal a list, of functions for using save, refresh, print, e-file, notes, attachments, or other relevant actions.
In an open worksheet, you can select the button with two arrows to open and close the panel to the far right for details about the properties of cells in the sheet.
  • Select the left and right arrows to enlarge or contract the size of the panel incrementally.
  • With the panel open you can select a cell in the open workbook to show the properties of the cell.
  • You may be able to edit some cell properties, depending on your settings. Editable cells have a blue background. When you save the calculation, your changes are saved unless you upgrade or roll forward the calculation.

Notifications

Notifications in the upper right corner show information about the success or failure of your recent changes to a calculation. If there have been changes, the notification selector shows the number of successful and failed attempts to save.
When you make changes to a calculation and save it by selecting the save icon on the toolbar ribbon, the number of notifications is updated and an indicator shows the progress of the attempt to save your changes.