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Open the NAIC Annual Statement Reconciliation
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This article applies to:

  • Product: ONESOURCE Income Tax
  • Return type: 1120 Corporation
  • Subject: insurance

NAIC Annual Statement Reconciliation screen

The Tax Accounting System has two items in the navigation tree that are unique to insurance returns, the
NAIC Annual Statement Reconciliation
 and
Insurance Workpapers
.
The
NAIC Annual Statement Reconciliation
 screen has a
Balance Sheet
 and
Summary of Operations
 tab (for 1120L), or a
Statement of Income
 tab (for 1120PC).
The views are sorted by the NAIC Annual Statement lines and display accounts according to the mapping chart you created in the
Charts
 menu. Amounts display normal balances to be consistent with the NAIC Annual presentation. The views are expandable to show account and amount detail and are “read only.” You cannot enter data.
Balance sheet tab view
Summary of Operations view
On the workpaper, you can select the
NAIC Type
 from the dropdown.
Select the gear icon to change what you see on the NAIC Annual Statement Reconciliation.

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