Overview

ITC has fixed accounts by income and expense for all entities.

1. 13 Gross Income Accounts

   • • Gross Sales, COGS, Interest Inc, RP Interest Inc, Dividend Income Input, Royalty Inc, PR Royalty Inc, Rental Inc, Gain / Loss - Capital Assets, Gain / Loss - Marketable Securities, Currency G/L, Other Income, Other I/C

2. 6 Pre-Tax Expense Accounts

   • • RP Int Exp, Interest Exp, R&D Exp, Roy Exp, Taxes (non-income), Other Expense

3. 3 Tax Expense Accounts

   • • Foreign Income Tax Expense, Non-Div WHT Received, Div WHT Received

ITC can also convert 2 other sign convention automatically depending on the type of accounts and sign convention

1. Natural Sign

   • • No sign convention)

2. DR / CR ITC

   • • converts the sign for income accounts uploaded

3. Income Positive / Expense Negative

   • • ITC converts the sign for expense accounts uploaded

• Input: data will be manually typed or copy/past

• Upload: data will be imported into Calculator via upload templates in Data Extractor

1. Grey

   • system calculated fields (e.g. total, subtotal)

   • entity data imported from entity chart

2. Green

   • assumptions (Toggle) with drop down menu

   • override default value without drop down menu

3. Yellow

   • data input

• Excel formats (color, bold, etc) of your desktop work paper will be also available after uploading via templates

• Drill-down links, calculation rules and explanations are available in Reports

1. Ctrl + C / V / X: copy, paste and cut

2. Ctrl + A: select all

3. Ctrl + F: find in values / formulas

4. Ctrl + Arrow Left / Right: go to next cell with value

5. F5: Go to recent navigation

6. Ctrl-Mouse Scroll: Zoom in / out ITC screen

• Each calculation has explanatory links to International Tax Code & Regulation sections in CHECKPOINT

• Let ITC handle data transformation for getting the ITC template ready to upload

• You may focus on data quality review

• Check out details at page Get Automated