What Is NetSuite Corporate Tax Reporting?
- NetSuite Corporate Tax Reporting is a tax compliance solution that automates tax provision calculations, country-by-country reporting, and tax workflow management with direct integration to NetSuite financials and EPM.
It calculates tax provisions from individual legal entities to consolidated disclosures following US GAAP and IFRS standards, generates automated tax journal entries, provides task management workflows for tax close, and includes pre-built dashboards for tax analysis and audit risk identification—eliminating manual tax calculations, spreadsheet reconciliations, and disconnected data sources.
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NetSuite Corporate Tax Reporting Features
Calculate current and deferred tax provisions automatically from NetSuite data. Generates consolidated tax disclosures following US GAAP ASC 740 and IFRS standards.
Automatically generate tax journal entries from provision calculations. Post to NetSuite GL without manual journal creation.
Pre-built OECD-compliant CbCR template populated with data from NetSuite. Trace reports back to source financial data for transparency.
Collect ad-hoc data for footnotes, disclosures, and supporting details. Organize and manage tax-related transactions centrally.
Define sequential tasks for tax provision, returns, planning, and reporting. Assign to preparers and reviewers with progress monitoring.
Pull data from NetSuite ERP, EPM, HR, and other systems automatically. Real-time visibility into tax data collection status.
Pre-configured KPIs including effective tax rate, revenue per employee, and return on equity. Flag potential audit concerns automatically.
Structured review process for entity data with email notifications and sign-off requirements. Audit trails for compliance.
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How Much Does NetSuite Corporate Tax Reporting Cost?
- Corporate Tax Reporting is available as an add-on module to NetSuite.
But the real cost isn't the license—it's the days spent calculating tax provisions in spreadsheets, the adjustment journal entries from provision errors, and the delayed tax close from manual workflows.
Why Choose Stockton10?
Challenges NetSuite Corporate Tax Reporting Solves
- Manual tax provision calculations
- Tax reporting errors and adjustments
- Disconnected tax and financial data
- Slow tax close process
- No country-by-country reporting
- Manual tax journal entries
Hear it from your peers
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NetSuite Corporate Tax Reporting FAQs
A tax compliance solution that automates tax provision calculations, country-by-country reporting, and tax workflows with direct integration to NetSuite financials and EPM
Yes. Corporate Tax Reporting calculates both current and deferred tax provisions from NetSuite data following ASC 740 and IFRS standards.
SuiteTax calculates transaction-level sales and use tax. Corporate Tax Reporting automates income tax provisions, CbCR, and tax compliance workflows.
Pulls financial data from NetSuite automatically, calculates current and deferred tax provisions following GAAP/IFRS, and generates tax journal entries for posting to GL.
Enable automated data collection from NetSuite, configure tax provision calculations, set up task management workflows, and implement approval routing for tax close activities.
Yes. We configure calculations to match tax methodology, optimize data collection workflows, fix GL mapping logic, customize CbCR templates, drive task workflow adoption, and configure actionable KPIs.
Are Tax Provisions Still Calculated in Excel?
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