The Exactera Tax Provision system has been built to be a user-friendly, easy-to-use software—the exact opposite of the hard-to-use, overly complex systems that haven’t really changed in over a decade. Nowhere is this more evident than the trial balance import function.
Gone are the days of having to code each and every line of the trial balance, and the overly time-consuming effort to accomplish this task. No more frustrations when the trial balance won’t import into the system because new accounts were not coded. And for the Excel users out there, no more broken formulas and links caused by inserting lines in the trial balance to accommodate new accounts.
The Exactera Tax Provision solution does NOT bolt onto your ERP system, by design. If you have ever been through an implementation where this was done, you know how difficult, time-consuming, and expensive it is to complete this one task. Hours and hours of IT work, usually combined with external consultants spend, makes this a truly pricey endeavor. If you happen to have multiple ERP systems, then it’s impossible to achieve with those systems. Instead, Exactera uses an intuitive feature to upload your trial balance into the system without any coding or lengthy checking for new accounts.
The Exactera Upload Manager allows for a drag-and-drop (or browse your computer) of the trial balance file into the system. Then you simply identify the cell ranges for the four required fields: Entity Name and Entity Number along the X-axis, Account Number and Account Description along the Y-axis. This process is the exact same whether you have 4 entities or 400 entities, 400 accounts or 4,000 accounts. Select “Upload Selected Data” and it uploads directly into the system.
The process of uploading your trial balance can take as little as one minute to accomplish. The system remembers the previously defined configuration of jurisdictions, currencies, tax sensitive accounts, etc. Easily change the configuration for new entities or tax sensitive accounts. The system uses all that information to flow the account balances seamlessly into the calculation.
The Exactera Tax Provision trial balance upload method is just one of many areas where the system drastically improves the process compared to both Excel and other systems on the market. See for yourself and schedule a demonstration. Or sign up for a free two-week trial.
