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Creating a Tax Balance Sheet for an Individual Company
Opening a Tax Balance Sheet
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Glossary

Creating a Tax Balance Sheet for an Individual Company in Tax Balance

Overview

After you have defined the master data for Tax Balance, you can create the tax balance sheet(s) at the individual company level.

The following steps are required to create a tax balance sheet for an individual company in Tax Balance:

  • Opening the desired tax balance sheet: To start entering the data and configuring a tax balance sheet in Tax Balance, you must first open the desired combination of individual company and tax balance sheet.
  • Managing GCD master data: In Tax Balance, the data for the GCD area are entered in the GCD Master Data workspace.
  • Defining settings for the tax balance sheet: General settings for the display and taxonomy items are configured in the Tax Balance Sheet Settings workspace in Tax Balance.
  • Importing data: You can use the import process to import the following data for the tax balance sheet in Tax Balance to the taxonomy structure you have chosen: accounts, statement of changes in fixed assets, equity accounts, and debt capital accounts.
  • Creating GAAP reports: In Tax Balance, you can assign and adjust the data for the GAAP area you have previously imported to the taxonomy structure under GAAP Reports.
    • Creating and Configuring Adjustments: You can enter tax deviations based on commercial-law values at adjustment levels and create the company-specific adjustment levels that may be required for this purpose in the Adjustments workspace in Tax Balance.
  • Configuring functions: In the Functions workspace in Tax Balance, important tax tools are provided to correctly reflect complex issues such as tax groups, partnerships, special business assets, and reorganizations in the system and make automatic calculations and adjustments.
    • If applicable, Configuring Reorganizations: The Reorganization function in Tax Balance helps you make the necessary balance sheet adjustments for the entities involved in the reorganization.
  • If applicable, Configuring Appropriation of Net Income: If the balance sheet is prepared with partial or full appropriation of the net income (Variant 2), you must configure and enter the Appropriation of net income report element in Tax Balance.

In Tax Balance, a tax balance sheet at the company level is created in the Company area.

The area is displayed as follows, for example:

Shows the 'Companies' area in Tax Balance with the 'Search companies' field and a list of companies with the columns 'Company ID' and 'Name', for example '10000' 'Konzernmutter' and '10002' 'German CE 1'. Highlighted in red is the 'Companies' entry in the navigation.
'Company' area

This content was generated using AI and reviewed by Lucanet subject matter experts before publication.

Page IDKB2521402

Last updated on May 28, 2026

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