Reviewing and Adjusting Returns

Reviewing and adjusting returns is a multi-step process that involves reviewing schedules and making any necessary updates. This process typically includes reviewing the Input Schedules, setting Options, calculating taxable premiums, reviewing returns, and reviewing the Summary Schedules and Payment Requests.

Schedules

The schedules located under Company Information and Summary Schedule should be reviewed after manually entering, pasting, or importing data to ensure accuracy.

The standard text color is blue. Overrides will appear in red. To clear an override, click the field and press the Delete key.

An override does not indicate incorrect information; it simply means the value has been manually changed. You may also review the Notes frame to see if the preparer left any notes explaining the change.

Tools Options

The Premium Options tabs allow you to specify additional return selections and display options. Available options vary for Life and P&C companies. Review these settings to ensure they match your filing requirements.

Calculation

Forms are automatically calculated when a State Business Page or Schedule T is imported, when changes are made to an Input Schedule, or when a value is overridden on a return.

Returns

To review a return, select the appropriate jurisdiction from the state list and double-click to open it.

Fields on the return appear in either blue or pink:

• Blue fields require manual entry for each return.
• Pink fields are calculated fields.

Although Stratus automatically calculates values based on data entered in the input schedules, values or text on a return can still be changed by overriding the field.

The standard text color is blue, while overrides will appear in red. To remove an override, click the field and press the Delete key.