Each quarter, CFO Services highlights a certain feature or aspect of its RCM tool for Research Credits.  This quarter, CFO Services is highlighting how to view the source data and how the source data ties out to the information added in the lists. This helps clients see how the original source is being used in RCM and how to tie out the data in the lists to the source data. If you would like to learn more about CFO Services’ RCM tool, please visit our Newsletter archive.

Source Data and Tying Out: Clients can upload data needed to calculate the R&D credit to our safe and secure RCM portal’s Source Document Library. CFO Services will categorize, describe, and assign a reference to the data. As you can see from the below picture each document also has a tie out description that helps us to ensure that all the data correctly goes from the original source documents and into the RCM site lists.

For example, the picture below of the General Ledger shows all items from “SD-01” and that total amount equals the total amount from the tie out description in the source documents library. The uploaded and Reviewed columns from the Source Document Library also help us to keep track of the data. Once the data has been uploaded into one of the lists on RCM that person will change the “uploaded” column to yes so that another person knows it is their turn to review the data and double check that the source data ties out to what was uploaded. When their review is complete, they will change the “Reviewed” column to “Yes”. All the important lists used in the R&D calculation will have this source reference column so that a client looking at the data knows where the list data originally came from.

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