2017 Review of Thomson Reuters Accounting CS – Invoicing Functions

Accounting CS offers solid invoicing capability, with users able to choose from a variety of fields to include on an invoice. Options available include sales information, purchase information, inventory information, sales tax information, discounts, and shipping details. The Invoice Template screen allows users to set up individual templates for invoicing using either the Detail tab of the Rapid tab. Users can further customize invoices by adding a firm logo of other information on the invoice for better branding. Invoices can be created when needed, or users can use the schedule details option to indicate that the invoice is recurring and to specify the terms of recurrence, such as weekly, monthly, quarterly, or yearly.

Users can add a new invoice by simply clicking on the Add option to create a new invoice. Users can also delete and void invoices from this screen as well. When printing an invoice, users can choose the layout they wish to use for the invoices. Both automated late fees and discounts can be set up with the proper criteria to automatically calculate when an invoice is processed, so users don’t have to worry about forgetting to apply finance charges to a specific customer or group of customers

Users can easily unapply payments from customers that were applied in error, and users can also write off a customer invoice or finance charge by simply selecting the invoice in the Manage Customer Payments screen.

Printing a customer invoice is easy, with users choosing the Print Accounts Receivable Forms option, in order to print an invoice or a customer statement. Invoicing reports are included in the Accounts Receivable report category and include a customer activity report, an invoice and payment list, and invoice item list, and a customer list. Users can display reports on screen, print, or save as a PDF.

Accounting CS is designed for professional accountants and CPA’s that are interested in expanding their menu of services to include accounting and bookkeeping services for their clients. Both invoicing and accounts receivable can be handled solely by the accounting firm, or users can opt to have their clients access these features through the NetClient CS portal.  

Accounting CS seamlessly integrates with other Thomson Reuters applications such as Ultra Tax CS and File Cabinet CS. System data can also be exported to Lacerte, ProSystem fx, ProSeries, or as an Excel spreadsheet as well. The invoicing option is part of the Accounts Receivable feature that must be enabled in Accounting CS. Accounting CS pricing is available upon request from Thomson Reuters. .

2017 Overall Rating – 4.25 Stars