The atax solution creates the opportunity to generate annual investment and tax statements leveraging the expert knowledge of audit firm BDO.

Based on the trial balance, the income and development statement can be generated. After calculating the distributable carry-forwards and earnings of the current fiscal year, the distribution can be defined by either amount or composition. The legal investment calculation of the fund and the fiscal investment calculation, e.g. § 5 InvStG, can then be determined. When the distribution is established, the fiscal capitalized earning values and the development of the various carry-forwards can all be calculated.

atax produces

critical sections of the annual report, such as:

• Earnings and expenditure calculation
• Development of fund assets
• Calculation of distribution and reinvestments

essential tax figures and documentation for:

• Distribution notice
• Tax base (§ 5 InvStG)
• WM
• Verification statement

fund accounting documents and data for:

• Distribution and carry-forward entry
• Automatic booking in SCD, Xentis, Multifonds of Diamos without manual adjustments.

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Technical specifications

• Web based software with simple user interface.
• Process workflow control helps guide users through the different steps.
• Centralized maintenance provided by BDO – changes made at short notice are immediately made available for all participating clients.
• Flexibility – developed to handle multiple clients or regions.
• Efficient data management process.
• Simple and central maintenance.
• Change logging.
• User administration with assigned hierarchies and roles.
• Centralized archiving of annual financial statements.

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