July 19, 2024
Release notes highlight new features and improvements made to ONESOURCE Tax Provision.
New features
Foreign/Domestic Summary report
User can now generate a report where tax provisions are broken out by foreign and domestic entities for the dataset. Data gets categorized based on the unit's Domestic or Foreign designation.
Temp Diffs Summary Without Roll up Without Valuation Allowance (VA)
This report separates ending deferred balances into current and non-current designations, listing current assets and liabilities, as well as non-current assets and liabilities.
Removal of redundant text on all 3 steps of the Report Wizard
Text such as: “Step 1 of 3: Report, Step 2 of 3: Data and Step 3 of 3: Data Breakout” has been removed to optimize screen real estate usage, and improve scrollability.
Total and State Tax Provision reports optimized to generate properly with larger datasets
User can now generate a Total Tax Provision and State Tax Provision report with full breakouts for a dataset with 506 units and 20 states.
ETR reports optimized to generate properly with larger datasets
User can now generate an Effective Tax Rate (ETR) report with full breakouts for a dataset with 506 units and 20 states.
Enhancements
Necessary key inclusion
Included necessary keys for Perm Diffs that aren't includible for state tax calculations, providing a more comprehensive and accurate tax reporting framework.
Constant Improvement of UI
We're constantly in the process of updating the user Interface with the latest technology to improve the user experience and align with the latest design standard.
Updating Help Menu dropdown
The
Help Manual
link is now available to the new OTP Help Guide.Resolved issues
Clear Filter Function
Resolved an issue preventing the clear filter function from working with large datasets in the
Data Entry
screen grid.Template Upload Error
Fixed an issue in which uploading a template in xlsx format was causing an import error.
Reporting currency option should not be available for Journal Entry report
The reporting currency option was incorrectly being shown for the Journal Entry report. The only option for JE reports should be Local. This has been corrected.
JE Sorting order changed for Calculation Detail & Summary by GL Account reports
When Journal Entry (JE) Calculation Detail and Summary by GL Account reports were generated, the sorting order would render as per the old logic. Now when the reports are generated, the
(Unassigned)(Default)
line item will be in the last position in these reports.Deferred reports: overlap issue between Jurisdiction and Tax Segment lines resolved
Increased the spacing between the
Jurisdiction
and Tax Segment
texts to prevent overlapping and ensure a clean and readable report. Earlier, the Jurisdiction
text was overlapping with the Tax Segment
text in the Deferred Report, causing the report to look scrambled.Class dropdown box size increased in Step 2 of the Reporting screen
In Step 2 of the
Reporting
screen, the size of the Class
dropdown list box has been increased to ensure that all components within the list box are clearly visible to users. This enhancement addresses an issue where users were unable to read the full names of class items due to the small size of the dropdown list box.