Bloomberg Tax Provision
Software that lets you focus on provision
Modernizing your provision process shouldn’t mean disrupting your work. Bloomberg Tax Provision is built around the full ASC 740 workflow to help ensure accuracy from the start. No schemas, mapping, or custom code required.
Maintain accuracy without workarounds
With an ASC 740 balance sheet approach, your numbers tie out across the entire workflow without manual overrides – and you can trace every change.
Reduce key person dependency
Any tax professional who knows how to run provision can quickly learn the software, building continuity into your process as the business grows.
Go live in less than two months
Get up and running in weeks with professional onboarding support, so you can modernize without missing deadlines.
Common questions about Bloomberg Tax Provision
Yes. Bloomberg Tax Provision is designed around the full ASC 740 workflow, so your numbers automatically tie throughout the process – without manual intervention at the end.
Bloomberg Tax Provision can be fully implemented in under two months. The platform fits your existing process, so onboarding doesn’t interrupt your workflow or close cycles.
If you know how to run provision, you know how to use Bloomberg Tax Provision. The software follows familiar provision workflows and requires no schemas, mapping, or custom code to maintain.
Yes. Bloomberg Tax Provision documents every change down to the cell level, so your numbers are fully traceable and audit-ready.
Yes. Bloomberg Tax Provision is part of the integrated Bloomberg Tax Suite of Solutions, allowing data to flow across your tax workflow while giving you access to up-to-date research and AI-enabled tax expertise.
ASC 740 accuracy without the manual burden
Built around the ASC 740 workflow, Bloomberg Tax Provision helps tax teams simplify provision without sacrificing flexibility.
Built for tax professionals, not software admins
Our platform requires no schemas, mapping, or proprietary scripting language to maintain – so you can focus on your provision, not learning custom software.
Onboard without disrupting your processes
Our Professional Services team provides onboarding support tailored to your team’s needs, so you can be up and running in under two months.
Keep your numbers tied and traceable
With built-in documentation and an ASC 740 balance sheet approach, you can trace every change to your data – and your rate rec ties throughout the process, not just at the end.
Scale alongside your growing business
Manage more entities, jurisdictions, and currencies with a standardized provision process that scales as your business grows.
See why tax teams choose Bloomberg Tax Provision
“Bloomberg Tax Provision significantly reduced the time we spend on a provision. I saved close to a month over the time it used to take working in Excel.”
Sherri Throop
Tax and Financial Reporting Manager
Novo Building Products
“I’ve done implementations of other software, and this one was hands-down the easiest to get the hang of. It was just a matter of weeks before we had full implementation and re-creation of our prior year provision ready to go.”
Corporate Tax Manager
Flexential
“We can compare prior to current quarters. Or if changes arise that need to change the comparative rate rec, you can identify those differences to make sure you’re comfortable with everything before you book entries.”
Director of Tax and Accounting
See Bloomberg Tax Provision in action
With built-in ASC 740 accuracy, no custom code, and connection to an AI-enabled tax suite, Bloomberg Tax Provision is designed to help tax professionals simplify and standardize the provision process.
Complete the form and a representative will contact you to schedule a demo. Our experts will focus on your team’s needs and explore how Bloomberg Tax Provision can support your work.
Already a customer? Get in touch with the support team.