Maintaining GAAP Reports in Tax Balance

In the Balance Sheet workspace in Tax Balance, you can:

To display only values of specific adjustment levels, you can restrict the selection of adjustment levels in the drop-down list at the top left edge:

Click the row of an account or an adjustment to open the detail view and edit the details. How to proceed is described in Accounts and Adjustments in the following.

The accounts for your GAAP reports in Tax Balance are managed in the Accounts workspace:

The following functions are available for accounts in Tax Balance:

You can also create accounts and the corresponding taxonomy mapping manually. To do this, click Add and enter the account number, a description, and the manual value for the account in the displayed dialog. You can additionally assign the taxonomy item for the account under Mappings.

You can assign taxonomy items to the imported, manually created, or virtual accounts in the Mappings workspace in Tax Balance.

To do this, drag and drop the accounts on the left side to the desired taxonomy item on the right side.

With the More actions menu, the following functions are also available in Tax Balance:

With the three-dot menu of a taxonomy item in Tax Balance, you can also:

In the Adjustments workspace, you can enter tax deviations based on commercial-law values at adjustment levels and create any company-specific adjustment levels required for this purpose.

For detailed instructions, see Creating and Configuring Adjustments.

You can calculate the comparison of business assets in the Comparison of Business Assets workspace.

To do this, open the More actions menu at the top right and click Calculate.

If necessary, you can edit the calculated values manually by double-clicking the value.

In the Statement of Changes in Fixed Assets workspace, all items of the statement of changes in fixed assets that have been mapped in the balance sheet and/or for which you have maintained a value are displayed. Furthermore, you can import a fixed asset schedule or transfer the closing balance from the previous year to the fixed asset schedule via the More actions menu:

If necessary, you can enter or edit the displayed values by clicking the desired item in the table and then selecting the item in the Asset schedule structure. The following dialog is displayed, where you can enter the values:

You can add footnotes to items in the Footnotes workspace.

To add a footnote in Tax Balance, proceed as follows:

You can enter the values for the development of equity accounts in the KKE - Equity Accounts workspace.

To do this, click the desired item in the Account type column and enter the values for the respective items in the displayed dialog by clicking the corresponding field.

You can also apply the closing balances from the previous year via the More actions menu.

You can edit the values for the development of debt capital accounts in the KKE - Debt Capital Accounts workspace.

To do this, click the desired item in the Account type column and enter the values for the respective items in the displayed dialog by clicking the respective field.

You can also apply the closing balances from the previous year via the More actions menu.

You can add issues for individual partners and then edit the values of the issues in the Special Balance Sheets workspace.

You can also transfer the closing balances from the previous year to the special balance sheet via the More actions menu.

You can add issues for individual partners and then edit the values of the issues in the Supplementary Balance Sheets workspace.

You can also transfer the closing balances from the previous year to the supplementary balance sheet via the More actions menu.