Oracle 11i - Fixed Assets (FA) Module, Tax Ledger Reserve Report
Altair EmployeeOracle 11i is a robust ERP application that enables organizations across multiple industry verticals to accomplish their business objectives.
Within the Fixed Assets Module, Tax Accountants need to capture data from important reports like the Tax Ledger Reserve in order to accurately calculate Schedule M and Deferred Taxes; the difference between Federal Depreciation Expense and Corporate Depreciation Expense on all Assets, and Over the Life of those Assets.
This can be quite challenging, especially when dealing with thousands, hundreds of thousands, or millions of assets. Monarch can greatly help accelerate the process of calculating Schedule M, and Deferred Taxes can help an organization ensure they pay the appropriate amount of taxes; not too much, and not too little.
This process can be time-consuming, and can take up to 30 minutes a day, but with Monarch, the process can be accomplished in significantly less time.