Accounting
Wolters Kluwer CCH Axcess Financial Prep – 2019 Innovation Award Nominee
Jul. 24, 2019
Accounting firms face increased pressure to improve margins on tax preparation business. They spend an incredible amount of time manipulating data to prepare returns and often:
- Buy over-engineered tools simply to ingest data, prepare the tax report, make final adjustments and send the balances to tax
- Duplicate the management of clients and staff in multiple applications
The key to having a more efficient, more profitable practice is to implement integrated technologies that help reduce the friction in data and workflows. CCH Axcess™ Financial Prep is the first dynamic cloud-based trial balance solution integrated with CCH Axcess, the accounting profession’s first modular, cloud-based tax preparation, compliance & workflow management solution. It’s all about moving things along smoothly and easily by:
- Hastening trial balance data into a business tax return
- Grouping accounts intelligently and assigning the appropriate tax codes, once users upload the data
- Allowing users to make necessary high-level adjustments more quickly before sending it to CCH Axcess Tax
CCH Axcess Financial Prep integrates with Xero™ and QuickBooks™ Online – with architecture to support additional integrations – making it radically novel and relatively fast-growing. Customers say it improves productivity and reduces tax return preparation time by as much as 25%. Because the data resides in a common cloud database, multiple staff can work simultaneously within the same engagement. The instant integration with CCH Axcess™ eliminates the need to sync data. When working on trial balance and related reports, this seamless integration:
- Leads to greater productivity
- Increases team collaboration
- Enables anytime/anywhere access
Learn more: https://taxna.wolterskluwer.com/professional-tax-software/axcess/financial-prep
Watch video: https://www.youtube.com/embed/7iWfv2uryro
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See all of the winners, finalists and nominees in the 2019 Tax & Accounting Innovation Awards.