CCH Axcess Financial Prep Streamlines Business Tax Returns

Wolters Kluwer Tax & Accounting today announced the launch of CCH Axcess Financial Prep, the end-to-end trial balance solution that eliminates the manual process of grouping accounts and creating tax reports. CCH Axcess Financial Prep represents another step forward in how Wolters Kluwer is helping professionals embrace technology to improve productivity and reduce tax return preparation time.

Once users upload client trial balance data into CCH Axcess Financial Prep, the accounts are intelligently grouped, and the solution assigns the tax codes respectively. As a result, users can more quickly make adjustments based on their professional judgement before sending balances to the business tax return in CCH Axcess Tax.

As an integrated cloud-based solution, CCH Axcess Financial Prep data resides in a common cloud database allowing multiple staff to work simultaneously within the same engagement. With instant integration to CCH Axcess, there is no need to sync data, leading to greater productivity when working on trial balance and related reports.

“The CCH Axcess Financial Prep software is a smooth, easy to use interface. It makes the linking of Trial Balances to tax returns easier than ever, and will definitely make for a more efficient tax return and financial statement process,” said Wesley Middleton, CPA Tax Partner, MiddletonRaines + Zapata LLP.

The key benefits of CCH Axcess Financial Prep include:

Eliminate tedious steps to group trial balance accounts and assign tax codes
Reduce manual steps to update the business tax return with the correct amounts
Eliminate duplication of efforts in managing clients and staff in more than one solution
Increase team collaboration and access engagements from anytime and anywhere

“This solution came together by working side-by-side with customers to understand their pain points”, said Jim McGinnis, EVP and GM of Wolters Kluwer Tax & Accounting North America, Medium and Large Firm segment. “It is only fitting that we launch this product a month before our CCH Connections User Conference, the place we initially held contextual design studies about this very solution.”

To learn more about CCH Axcess Financial Prep, click here or witness a live demonstration at the CCH Connections User Conference, October 21-24 in Miami.

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