---
title: "Creating a Tax Balance Sheet for an Individual Company"
description: "After you have defined the master data for Tax Balance, you can create the tax balance sheet(s) at the individual company level."
source_url: https://support.lucanet.com/en/documentation/income-taxes/tax-balance/create-single-entity-tax-balance
language: en
last_updated: 2026-05-28
---
# 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](https://support.lucanet.com/en/documentation/income-taxes/tax-balance/create-single-entity-tax-balance/open-tax-balance.md): 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](https://support.lucanet.com/en/documentation/income-taxes/tax-balance/create-single-entity-tax-balance/gcd-master-data.md): In **Tax Balance**, the data for the GCD area are entered in the **GCD Master Data** workspace.
- [Defining settings for the tax balance sheet](https://support.lucanet.com/en/documentation/income-taxes/tax-balance/create-single-entity-tax-balance/configure-tax-balance-settings.md): General settings for the display and taxonomy items are configured in the **Tax Balance Sheet Settings** workspace in Tax Balance.
- [Importing data](https://support.lucanet.com/en/documentation/income-taxes/tax-balance/create-single-entity-tax-balance/import-data.md): 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](https://support.lucanet.com/en/documentation/income-taxes/tax-balance/create-single-entity-tax-balance/maintain-gaap-reports.md): 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](https://support.lucanet.com/en/documentation/income-taxes/tax-balance/create-single-entity-tax-balance/maintain-gaap-reports/creating-and-configuring-adjustments.md): 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](https://support.lucanet.com/en/documentation/income-taxes/tax-balance/create-single-entity-tax-balance/configure-functions.md): 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](https://support.lucanet.com/en/documentation/income-taxes/tax-balance/create-single-entity-tax-balance/configure-functions/configure-transformations.md): 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](https://support.lucanet.com/en/documentation/income-taxes/tax-balance/create-single-entity-tax-balance/configure-profit-appropriation.md): 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**.

## Navigation 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.](https://support.lucanet.com/assets/docs-images/income-taxes/tax-balance/create-single-entity-tax-balance/_images/en/single-entity-area.png)
'Company' area