Tax Reporting
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Shorten your tax close process
Efficient tax statement preparation
Use Wdesk to easily and accurately manage data for tax provision, transfer pricing, and financial reporting. Import data from ERP and financial consolidation systems, leveraging existing trial balance, financial statement, and other back-office reports.
Bring structured and unstructured data into a single ecosystem of connected workpapers and reports. Go paperless and attach outside workpapers, such as fixed asset reports, directly to the figures that they support.
Accurately manage tax provision calculations
Wdesk allows you to easily manipulate, compute, and calculate complex data. Calculate the tax provision for each level of your tax structure, from legal entity or subsidiary all the way to the consolidated tax disclosure.
Automate the calculation of tax adjustments, effective tax rates, and journal entries through connected workpapers. Generate tax journal entries to address US GAAP, IFRS, and statutory reporting. Track forward-looking provision scenarios, and compare previous revisions with blackline functionality.
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Manage transfer pricing documentation
Collect and manage data
Respond to changing regulations by connecting data from existing systems to create customized datasets for transfer pricing reports. Collect data from remote users securely with strict access controls and permission governance.
Ensure consistency across documentation. Link data directly to transfer pricing documents without having to import and export to Excel®. A detailed audit trail shows all changes at each step of the transfer pricing accounting process.
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Save time and resources
Rather than build reports from scratch every time, Wdesk enables you to automate the roll forward and document duplication process. Connect narrative to ensure consistency across all of your transfer pricing documents—when a change is made, all linked usages are updated.
Collaborate with users, advisors, and auditors from around the world on a single live document. Eliminate version control risks, and ensure everyone is always working on the most recent report.
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Deliver disclosures and reports with confidence
Connect tax and financial reporting teams
Improve the efficiency of the tax provision by leveraging data directly from your provision calculations into internal reports, tax disclosures, and tax footnotes on 10-K and 10-Q filings. Easily reconcile tax accounts to accounting data and generate tax journal entries.
Access real-time data in financial dashboards for monitoring KPIs and making faster business decisions. Facilitate trend analysis and multi-period comparison with the ability to drill down into data sources for additional context.
Streamline review and sign-off
Take your processes paperless with built-in digital certification tools tailored for your cycle times. Templates, reminders, and robust tracking capabilities enable signers to review, approve, and sign off on any device without having to print a single sheet of paper.
Track initial trial balance, adjusted trial balance, and tax reporting entities with full visibility into data history—all the way down to an individual sheet or cell. Outside workpapers are attached directly to the figures they support.
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Have confidence in your data
Full data transparency
Wdesk provides a single location to quickly access documents—share the same data across legal, tax, and accounting departments without having to leave the platform. Coordinate activities and manage due dates to support international, federal, and state timelines.
Improve oversight on tax data with detailed authorship on data changes. Direct visibility is available across jurisdictions and tax types, and into the history of all figures all the way down to a cell-by-cell level.
Easily manage supporting documentation
Upload and attach tax support workpapers, such as fixed asset reports, directly to spreadsheet cells or document text for easy availability to external auditors and regulators.
Collaborate with internal and external stakeholders, leveraging role-based permissions that enable report owners to control who can access, view, and edit data and text.
