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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Tags: Accounting
