A Complete Property Tax Solution for All States and Jurisdictions
Comprehensive Property Tax Functionality With Flexible Implementation Options For a More Efficient Property Tax Solution.
PowerPlan Property Tax automates the entire property tax cycle from preparing returns and tracking assessments to paying bills and calculating accruals. The system provides for the tracking, analysis, reconciliation, reporting, and filing of returns and other property tax information. The Property Tax module tracks local or centralized assessments for both real and personal property. The system includes a complete bill management system, allowing for automation of check requests. It also prepares and books all accruals and related journal entries.
Property Tax can function as a stand-alone system, be directly integrated with a company’s legacy asset and CWIP systems or leverage PowerPlant’s asset system. Property Tax has a ledger that tracks the asset activities. As a result, it can easily integrate with a company’s asset, CWIP and depreciation data sources to automate reconciliation, coordination of addition and retirement activities, classification of assets, transfers and adjustments.
Property Tax prepares and prints renditions, monitors statements, generates both paper and electronic check requests, calculates accruals, and meets all state and jurisdictional filing requirements. It can handle local or unit assessments, special requirements for utility property, identification of intangible costs and environmental credits, and user adjustments. Its table-driven approach is flexible enough to meet state methodologies, classifications, and valuation techniques. Finally, Property Tax also includes detailed reporting, summary/management reporting, and query tools to allow for greater visibility into a company’s property tax data.
To learn how PowerPlan Property Tax Solution can help reduce compliance risk, improve cash flow, and provide effective operational cost management, contact us at +1 770.859.0402 or at info@powerplan.com
