Reviewing Reconciliation Reports

After you review the total provision, you can use reports to ensure that the total for the current provision and deferred tax matches your statutory and effective tax rates.

Statutory Total Provision Reconciliation report (NA0504)

Use this report to verify that the total of the current provision and deferred tax provision matches the total calculated for the statutory effective tax rate.

Note: For more information on reports, see Working with Reports.

To review the total provision reconciliation:

1. In the Tax Provision navigation pane, click Reports.
2. Expand National Annual.
3. Use the drop-down list or the symbol selector to select the appropriate entity. For more information, see Using the Symbol Selector.
4. Click NA0504 - Statutory Total Provision Reconciliation.rtp. The report opens in the workspace.
5. Verify that the value for the sum of Current Provision and the Deferred Taxes is equal to the value for the Statutory Effective Tax Rate.

Consolidated Total Provision Reconciliation report (NA0505)

Use this report to verify that, at the consolidated level, the total of the national actual and regional actual current provision and deferred tax provision matches the total calculated for the consolidated effective tax rate.

Note: For more information on reports, see Working with Reports.

To review the consolidated total provision reconciliation:

1. In the Tax Provision navigation pane, click Reports.
2. Expand National Annual.
3. Use the drop-down list or the symbol selector to select the appropriate entity. For more information, see Using the Symbol Selector.
4. Click NA0505 - Consolidated Total Provision Reconciliation.rtp. The report opens in the workspace.
5. Verify that the sum of the National Current Provision, National Deferred Tax, Regional Current Provision, and Regional Deferred Tax is equal to the value for Consolidated Effective Tax Rate.