Tax & Accounting Blog

WORKPAPER OF THE WEEK: FEDERAL ADJUSTMENT WORKPAPER

US Income Tax Compliance January 3, 2012

Have you ever wanted to view your adjustments across multiple entities at one time?  Well, now you can, by using the Federal Adjustment Workpaper.  There is no set up involved; these workpapers are ready to go.  All you need to do is open them.  They are located under the Tools menu in ONESOURCE Income Tax.  You can view all the adjustments (book, reclass, or tax) in a single consolidation or you can view all the adjustments identified in binder identification all at once. They can also be easily exported from this screen if you would prefer to review them in Excel.