Tax Balance 

Our Lucanet Tax Balance module offers the ability to create and maintain a tax balance sheet and to electronically submit it to the German tax authorities as an XBRL-based E-Balance Sheet (E-Bilanz) in accordance with § 5b EStG.

Tax Balance supports all taxonomies published by the German Federal Ministry of Finance for the transmission of the E-Balance Sheet and provides an intuitive user interface.

Key features include:

• Precise modeling of complex corporate structures, including parent companies, intermediate controlling entities, and dependent units
• Adjustment levels for versioning and documentation
• Flexible import options via various file formats, SAP systems, Lucanet databases, and more.
• An intuitive and powerful mapping dialog for effortless assignment of accounts to the taxonomy
• Seamless integration with the Tax Compliance & Reporting solution for direct transfer to the Income Taxes module and efficient preparation of the tax return
• Master data administration for the Global Common Document (GCD) area of the taxonomy
• Complex functions for partnerships, including management of capital accounts, special partner balance sheets and supplementary partner tax accounts, and the mirror image method.
• Multi-year comparisons for transparent analysis across different reporting periods
• Creation and validation of E-Balance Sheets for submission to the German tax authorities
• Reporting functions, such as instance reports of the E-Balance Sheets and balance sheet overviews with tax adjustments