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Follow on Google News | Stock & Option Solutions Announces New Deferred Tax Asset (DTA) Balance Proof ApplicationProving your DTA Balance with the new, customizable application is time-saving and efficient.
By: Stock & Option Solutions, Inc. "With auditors asking to prove out DTA numbers generated by equity systems, many companies are spending many manual hours to provide this proof in spreadsheets. The SOS DTA Balance Application dramatically reduces the time necessary to generate this proof, while, at the same time, helping to eliminate manual errors that can happen in spreadsheets. With this time-saving tool, stock administrators can focus on all the other requirements of their year or quarter end while continuing to stay up on the day–to-day needs”, says Steve Gaylord, Chief Technology Officer at SOS. In years past, many companies invested little time and effort into proving their DTA balance, but increased auditor scrutiny has left companies scrambling to confirm the DTA balance in their general ledger. Stock plan systems usually can only provide the raw data necessary to do so, forcing companies to rely on cumbersome spreadsheet calculations that can take hours or even days to finalize. The SOS DTA Balance Application changes all that, allowing companies to verify their DTA balance in minutes. The application, built in Microsoft Access, is customizable to accommodate a wide variety stock plan-related parameters, and includes documentation explaining the calculations. SOS believes that the application will be quickly adopted by companies interested in automating what has been a labor-intensive and error-prone project. “This application makes so much sense for companies that are struggling with these calculations that it is really just a question of making people aware that there is a better way out there”, said Scott McDonald, Director, Sales & Marketing at SOS. For more details, please contact Shawna Casey at scasey@sos-team.com or 408-979-8700. Stock & Option Solutions, Inc. (SOS) is a leading provider of stock plan administration, management and equity consulting services for companies offering equity compensation programs to its employees. For over thirteen years, hundreds of organizations, from private start-ups to Fortune 500 companies, have relied on Stock &Option Solutions’ expertise for strategic planning, methodologies and skilled resources to build and support the most effective stock administration programs possible. The company offers its services through its People/Staffing Solutions, Consulting/Project Solutions, and Outsourcing/ End
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