Tax Basis Balance Sheet Solutions
Lucasys customers have complex tax basis balance sheet requirements for both federal and state jurisdictions. By streamlining the maintenance of tax items and account mapping, Lucasys Nova makes the generation and support of tax basis balance sheets simple and clear.
Standardized controls facilitate audit requirements while supporting ASC 740 and ASC 980 requirements for property, plant and equipment. Intuitive integration with tax provision, tax compliance, and GL systems allows for effortless tracking of regulatory assets and liabilities, as well as consolidated computation and validation of return to provision adjustments.
Lucasys customers depend on accurate, reliable, and transparent data and reporting. Lucasys Nova provides seamless control over your data reconciliations and keeps your accounting in harmony. Talk to us to learn more about how we can help your organization.
