Tax Computer Systems

• Corporation Tax
  • Companies & Corporations
  • Professional Firms
    • Alphatax Core
    • Group Function
    • Tax Accounting
    • Accounts Integration
    • Report Designer
    • Divisional Consolidation
    • Accounts Analysis
    • Tax Administration
    • Tax Pack
• iXBRL Offerings
• Tax Provisioning
• Data Collection
• Life Tax
• Fixed Asset Management
• Tax Process Management
• Hosting Service
• Professional Services
• Video Presentations

Accounts Integration

Accounts Integration works with any financial system. It accepts a Trial Balance file and maps the account codes to the relevant inputs in the tax computation. The user only needs to understand the accounting information and no system knowledge is required. Account codes are automatically consolidated where they are mapped into the same input. Balances are transferred to Alphatax and the signs can be changed. Local currency can be converted into the base currency.

The system provides a detailed audit trail showing when, where and how the information was extracted. Once defined the process can be repeated and if necessary easily modified. Clearly as this is an automated process it is intrinsically more accurate with improved controls. It also cuts out time spent in transcribing information. Accounts Integration is an essential function if a company needs to regularly forecast tax liabilities at month end within tight reporting deadlines.

Alphatax has also become the first corporate tax software in the world to achieve SAP Certified Integration  status by connecting directly to a SAP R/3 and XI system. This enables a direct feed of information from a company’s ledgers into Alphatax.

The Accounts Integration function also works in conjunction with Alphacap, our product for managing fixed assets.

Transactional details (e.g. lists of fixed asset additions) can be uploaded automatically into Alphacap from the fixed asset ledgers. Simple to use filters can bulk categorise assets with no manual intervention. Coupled with the automatic transfer of information from Alphacap into Alphatax, the Accounts Integration function enables Alphacap users to automate the entire fixed asset part of the tax computation process.

Both the Tax Pack and Accounts Integration functions can be supplemented by the use of the Division Consolidation function to collect data if the company is organised divisionally.