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Thomson Reuters Unveils Leasing Data Functionality for ONESOURCE Property Tax

Thomson Reuters today announced the addition of Leasing Data Functionality to Thomson Reuters ONESOURCE Property Tax, the web-based, industry-leading property tax software solution. The added functionality streamlines the data import process for leasing customers and facilitates reconciliation, which can drastically reduce the risk of user error when managing and maintaining leased asset data.

“Property tax professionals must perpetually keep up with countless updates to leasing data, making data accuracy a major challenge,” said Chris Carlstead, managing director, Indirect and Property Tax, for the Tax & Accounting business of Thomson Reuters. “ONESOURCE Property Tax leasing data functionality relieves tax professionals of the manual maintenance burden and streamlines the data management process.”

Key new features include:

  • Leasing specific application settings that automate location ID and account setup, allowing users to easily change settings and better control how locations and accounts are created and filed.  
  • Enhanced asset import options that allow the import of asset data with related location and lessee data within a single import file, as well as added efficiencies of address normalization and assessing jurisdiction lookup.
  • Location and lessee/lessor comparison that uses normalized address information to monitor asset movement, removing the users’ responsibility to manually analyze asset movement.