| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Lines of code | 1280 |
| Technical Name |
us_book_to_tax_difference_worksheet |
| License | OPL-1 |
| Website | https://pokutsoft.com |
| Versions | 18.0 19.0 |
| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Lines of code | 1280 |
| Technical Name |
us_book_to_tax_difference_worksheet |
| License | OPL-1 |
| Website | https://pokutsoft.com |
| Versions | 18.0 19.0 |
US Book-to-Tax
Book-to-Tax Difference (M-1/M-3) Worksheet: track permanent and temporary differences and build the IRS Form 1120 Schedule M-1 (and a simplified Schedule M-3) reconciliation that ties out.
Book-to-Tax Difference (M-1/M-3) Worksheet: track permanent and temporary differences and build the IRS Form 1120 Schedule M-1 (and a simplified Schedule M-3) reconciliation that ties out.
Key Features
permanent differences (they never reverse — e.g
50% of meals, fines & penalties, tax-exempt municipal interest, federal income tax per books); others are temporary differences (timing items that reverse in a later year — e.g. book vs. tax depreciation, accrued bonuses, accrued vacation,
Difference catalog — a seeded library of the
Difference catalog — a seeded library of the standard M-1 difference categories. Each one is tagged permanent or temporary and mapped to the exact Schedule M-1 line it belongs on (additions on lines 2-5, subtractions on lines 7-8). Add your
Worksheet per tax year — holds book net
Worksheet per tax year — holds book net income plus the adjustment lines. Each line picks a category, records the book amount and the tax-return amount, and carries the M-1 adjustment.
Schedule M-1 reconciliation, computed — lines 1 through
Schedule M-1 reconciliation, computed — lines 1 through 10 with the real M-1 arithmetic: book income + additions (non-deductible expenses, income on the return not on the books) - subtractions (income on the books not on the return, deducti
Permanent / temporary roll-up — additions and subtractions
Permanent / temporary roll-up — additions and subtractions split by permanent vs. temporary so you can see the deferred-tax timing items at a glance.
Simplified Schedule M-3 view — the same numbers
Simplified Schedule M-3 view — the same numbers presented as the M-3 book-income / temporary-difference / permanent-difference / taxable-income reconciliation, and an automatic tie-out check that proves the M-3 taxable income equals the M-1
Analysis report — a SQL-backed pivot/list over every
Analysis report — a SQL-backed pivot/list over every difference line by year, category, classification and M-1 line.
Screenshots
Difference Categories
Why Choose This Module
Disclaimer: this is a calculation worksheet / format-generator. It connects to no agency and files nothing. Verify every figure against your tax adviser and the official IRS instructions before filing.
Specifications
- Compatible: Odoo 18.0 / 19.0
- License: OPL-1
- Languages: 35+
- Author: Pokutsoft
- Dependencies: account
- Support: support@pokutsoft.com
Odoo Proprietary License v1.0 This software and associated files (the "Software") may only be used (executed, modified, executed after modifications) if you have purchased a valid license from the authors, typically via Odoo Apps, or if you have received a written agreement from the authors of the Software (see the COPYRIGHT file). You may develop Odoo modules that use the Software as a library (typically by depending on it, importing it and using its resources), but without copying any source code or material from the Software. You may distribute those modules under the license of your choice, provided that this license is compatible with the terms of the Odoo Proprietary License (For example: LGPL, MIT, or proprietary licenses similar to this one). It is forbidden to publish, distribute, sublicense, or sell copies of the Software or modified copies of the Software. The above copyright notice and this permission notice must be included in all copies or substantial portions of the Software. THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.
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