Tax Accounting System (TAS)

TAS is the trial balance or general ledger portion of a binder. Use TAS to store and adjust trial balance data.
The Tax Accounting System stores preliminary book balances. It's where you can make all necessary adjustments to arrive at tax basis balances.
The balances and adjustments areas of TAS contain templates that are created when the Chart of Accounts and Chart of Adjustments are assigned to the binder. The balances and adjustment areas reflect the account numbers, account descriptions, and adjustments included in the assigned charts.
In TAS, you can:
  • enter book adjustments, reclassification adjustments, and tax adjustments
  • enter detailed information required by Schedule M-3 and state workpapers
  • print reports

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