Reviewing Tax Provisions

This page shows you how to use the Beam Machine Tax Provisions route to review provision records and where you still need proper accounting judgement and supporting papers outside the app.

Product: Beam Machine
Module: Tax -> Tax Provisions
Role: Accountant, Finance Manager, Tax Manager, Reviewer
Difficulty: Intermediate
Time: 7 minutes
Last Updated: 2026-03-10
Version: Current Beam Machine app build in this repo

Before You Start

• You need access to Tax.
• Provision records must already exist in the system for this page to show anything useful.
• This route is a provision register and review screen, not a full tax accounting engine.

What is a tax provision?

A tax provision is the accounting amount you recognize or track for tax-related obligations or positions.

In the current BM build, provision types shown on this route are:

• Current Tax
• Deferred Tax
• Uncertain Tax Position

When do you use this?

Use this page during month-end, year-end, board reporting, audit support, or when the tax team and finance team need one place to review the current provision register.

If the provision register is wrong, financial reporting and tax governance both become harder than they need to be.

Where to find it

Primary path: Finance -> Tax -> Provisions
Route: /dashboard/tax/provisions

How to review provision records

1. Open Tax.
2. Click Provisions.
3. Review the summary cards:
   • Total Provisions
   • Estimated
   • Reviewed
   • Finalised
4. Move to the Tax Provisions table.
5. Review each row:
   • Tax Year
   • Type
   • Description
   • Amount
   • Basis
   • Status
6. Challenge any provision with a blank or weak basis.
7. Confirm that status and amount still make sense for the current reporting period.

✅ Checkpoint: You should now know which provisions are still rough estimates, which ones have been reviewed, and which ones are being treated as finalised.

What BM currently does and does not do here

• BM does give you a register of provision items.
• BM does separate current tax, deferred tax, and uncertain tax positions.
• BM does not currently prove full IAS 12 automation, temporary-difference modelling, journal posting, or disclosure-note generation from this route alone.

Use this screen as a controlled review list, not as the only evidence behind the financial statement number.

Common Questions & Issues

"The page is empty"

Why this happens: No provision records exist for the current entity yet.

Fix: Confirm whether the entity truly has no tracked provisions or whether they are being maintained outside BM.

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"The basis is blank"

Why this happens: The record may have been loaded without enough support detail.

Fix: Do not accept a blank basis for a material provision. Update the working papers and governance trail outside the route first.

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"Finalised means posted to the ledger, right?"

Why this happens: Users assume status equals accounting posting.

Fix: Do not assume that from this route. Confirm the actual posting and financial statement workflow separately.

What's Next

• Read 03-preparing-itr14-and-emp201.md if the provision depends on company tax worksheet support.
• Read 08-handling-tax-defence-items.md if the provision is driven by a live dispute or uncertain position.

Related Pages

• 00-tax-guide-index.md
• 05-reviewing-tax-risk-heatmap.md
• ../11-accounting-ledger-reports-and-close.md
• ../99-functionality-gap-map.md

SA Compliance Reference

• Tax provisions must still be supported by proper accounting and tax working papers under the entity's reporting framework and tax facts.
• Use this route to monitor provision records. Keep the detailed calculations, technical positions, approvals, and external disclosures in your normal finance and tax file.

Still Stuck?

• If the amount is material, do not rely on the screen alone. Pull the working papers and review them.
• If the status is unclear, assign an owner and next review date outside the route.
• Contact support: support@veva.co.za

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