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ONESOURCE Tax Provision
Tax Provision software
Automate your corporate financial close and save time during the tax provision process
Why choose Tax Provision software
When it’s time for your corporate financial close, time, accuracy, and efficiency are critical. With tax provisioning software, you speed up the process of reporting your company’s current and deferred income taxes for the current year. All steps are automated – like financial reporting, data collection from many jurisdictions, tax provision calculation, tax adjustments, and more – all in a single, user-friendly platform. Thomson Reuters ONESOURCE Tax Provision software calculates corporate tax estimates in seconds, and lets you quickly review data with filtering and drill-down capabilities. Plus, you can easily move data from tax provision to other direct tax solutions, so you only have to enter it once. Automation during the tax provision process results in more efficiency across the tax lifecycle. Which means closing faster, filing earlier, and freeing up time to grow your business.
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Accurate tax provision process with trusted software
Discover how intuitive ONESOURCE Tax Provision software helps companies’ tax department increase efficiency during the financial close process.

What you get with our tax provision software for corporations
Filter data to focus on relevant subsets, and drill down from consolidated amounts to the lowest level in just 2 clicks.
See all tax provision results on the dashboard, so you can see a flow from calculated values to the entries that drive them.
Access all applications in one central location and eliminate duplicate work with the ONESOURCE platform.
Add-on module of Tax Provision software embeds custom calculations and Excel® workpapers directly into your tax provision software.
Add-on module of Tax Provision software enables colleagues all over the world to enter information into your tax provision database.
Integrates with Tax Provision software to help you analyze and report tax treatment of open positions under ASC 740-10-50 and IAS 37.
Integrates with Income Tax and Tax Provision software to pull the data you need to forecast tax impacts on your global operations.
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Get everything you need to automate and streamline your corporate income tax process, from planning and provisioning to filing and reporting.

“How much do we owe?” doesn’t always have a straightforward answer. In fact, for most modern companies, tax provision is a tremendous data challenge. Discover tips to close faster and file earlier in this white paper.
We knew we needed to implement a tax solution that enabled automation and efficiency. Switching to ONESOURCE was a massive step forward in our transformation process.