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Bloomberg Debuts Tax Workpapers

 Bloomberg Tax & Accounting has introduced a tax workpapers application for corporate tax departments.

Launched this month, Bloomberg Tax Workpapers, combines data preparation, spreadsheets, integrated tax guidance and controls. The application also integrates with modules in the Bloomberg Tax suite—Research, Fixed Assets, and Provision software.

Bloomberg says the product, which features a user experience designed for tax professionals, automates processes specific to tax including. cleansing trial balances, M-1 flux analysis, and period-over-period roll forwards.

Uses start from templates with tax laws, which are automatically updated with links to primary source citations. In addition, there are cell-level reviews and the ability to standardize SOX controls with workbook level sign-offs and status tracking, locking workbooks from further edits when finalized.

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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