CCH — ProSystem fx Trial Balance

Integration with Other Tax & Accounting Products:
The product website states that the user can import a trial balance from virtually
any accounting system, including QuickBooks. Trial Balance has a QuickBooks
import utility, and it allows the user to import trial balances from all accounting
packages that can export trial balances into spreadsheet files. Most accounting
packages allow spreadsheet export. Trial Balance also integrates with other
ProSystem fx products, such as ProSystem fx Write-Up.

ProSystem fx Trial Balance also integrates with ProSystem fx
Tax for Corporations, S Corporations, Partnerships and Exempt Organizations.
This integration allows the user to set up tax codes in the application and
then import these tax codes and groupings directly into the tax software. My
favorite tax integration feature (Quiklink) allows changes that are made in
ProSystem fx Trial Balance to be automatically reflected in ProSystem
fx Tax. This feature saves a lot of time.

If your firm is not currently using this application, client files from ACE,
ATB, FAST!, FAST Advantage and GoSystem Audit can be imported to ProSystem fx
Trial Balance.

Integration with Office Productivity Applications:
As I mentioned in the ProSystem fx Engagement section, CCH has built
all of its applications to integrate well with all Microsoft Office applications.
This is the case for ProSystem fx Trial Balance, as well. All of the
reports that are created by ProSystem fx Trial Balance are in Microsoft
Office formats and are very flexible. ProSystem fx Trial Balance has
the capability of exporting reports to Word; embedding document links into Word
and Excel for creating custom reports; and embedding workpapers into any Office
application.

Workflow & Engagement Management:
As I mentioned above, the primary focus of ProSystem fx Trial Balance
is to manage the trial balance and the adjustments made to the trial balance.
This program makes it very easy for you to import the trial balance accounts
with intuitive processes. Once the trial balance is imported, adjusting journal
entries are very easy to make. CCH has spent a great amount of time ensuring
the integration with its tax products is efficient and effective.
ProSystem fx Trial Balance also makes it easy to do your job between
trial balance import and tax export. You can customize the look and feel of
the product as well as set up unique financial formulas and ratios that can
be used year after year. Reporting is very flexible, as well. Users and reviewers
can present data in many different ways to ensure quality service is being delivered
to their clients.

Relative Value:
As previously noted, CCH has continually improved this product over the years.
They have created a trial balance product that is very easy to learn, use and
maintain. ProSystem fx Trial Balance is especially attractive if your
firm is currently using other ProSystem fx products along with MS Office.
Pricing for the trial balance system starts at $1,400, although discounts are
often available.

2009 OVERALL RATING: