Skip to main content

Paperless Engagements

Thomson Reuters – GoFileRoom

cs.ThomsonReuters.com

From the July 2009 Feature Article on Tax
Document Automation

The GoFileRoom system from Thomson Reuters is geared toward advanced document
management for tax and accounting firms, but also provides excellent automated
workpaper compilation features, client portals and other optional modules.

As a secure web-based system, GoFileRoom takes advantage of powerful servers
on the back-end, to provide fast processes and workflow management functions
via FirmFlow, including the ability to use the Tax Sort module to automatically
identify documents, organize them in appropriate return review order and produce
paperless PDF workpapers that include bookmarked and linked entries for quickly
moving between documents.

The system can recognize almost all 1040 source documents and, while it does
not directly integrate with tax systems for automatic return or client data
organizer population, the electronic workpapers it produces offer a summary
sheet that eases data entry and review functions for any level of staff. GoFileRoom’s
document management features directly integrate with other programs in Thomson
Reuters’ CS Professional Suite and the Enterprise Suite.

Another advantage of the hosted program is that users indirectly help each
other because as the system identifies new types of documents, it remembers
the form layout and identification for all future users who scan a similar form.
In addition, GoFileRoom offers scanning and populate capabilities with Copanion’s
GruntWorx and SurePrep’s 1040SCAN.

Forms Identified: All common 1040 client source documents.

Organized PDF Workpaper Compilation: Yes

Automatic Data Population into Tax Programs: No, but the
system’s advanced document management features do offer integration with
the CS Professional Suite and Enterprise Suite.