February 2012

Column: My Perspective

Technologies for Engagement & Trial Balance Help to Streamline Workflow

800-567-4500 www.pendock.com Accounting for Practitioners (AFP) is the trial balance and financial statement generation product within the Pendock Mallorn software lineup. Based on Excel, AFP is simple in function and ease of use, yet provides an abundant set of tools and calculations. AFP easily generates grouping schedules to aid in tax return preparation as well […]

800-968-8900 cs.thomsonreuters.com   Trial Balance CS is the working trial balance component within the Thomson Reuters CS Professional Suite. Trial Balance CS may be purchased and used as a standalone product or directly integrated with other CS Professional Suite products. The system is adaptable to a wide variety of business types and allows users the […]

www.atxinc.com ; 877-728-9776 www.taxwise.com; 800-755-9473   CCH Small Firm Services (SFS) produces a Trial Balance solution designed to integrate with their two flagship brands, ATX and TaxWise. The product acts and works in identical ways and integrates interchangeably with the respective tax and accounting suite offerings. Titled simply “Trial Balance” SFS developed the product with […]

800-968-8900 cs.thomsonreuters.com/engagement    5.0 overall BEST FIT Small to medium sized accounting firms with a focus on audit engagements, especially those currently relying on PPC Practice Aids for guidance. STRENGTHS Strong integration with PPC Practice Aids and other Thomson Reuters products Ability to manage engagement without network connectivity Available as a fully hosted solution POTENTIAL […]

800-PFX-9998 www.cchgroup.com ProSystem fx Trial Balance is the stand-alone trial balance offering within the ProSystem fx product lineup. ProSystem fx Trial Balance is geared toward smaller accounting firms and sole-practitioners with a focus on tax return compliance and small bookkeeping and audit engagements. With strong import capabilities and reporting options as well as tight integration […]

800-PFX-9998 www.cchgroup.com   4.75 overall   BEST FIT Any accounting firm that is currently in or converting to a paperless workflow environment STRENGTHS Strong integration with ProSystem fx product lineup Intuitive interface based on Microsoft Windows and Office functionality High level of security from both user and data standpoints POTENTIAL LIMITATIONS Limited integration with PPC […]

Mapping Out a Course to Success for Small Businesses

Column: Tricks & Tips

Column: The Bleeding Edge

With 140,000 apps available for the iPad and thousands for other tablets, the devices make sense for many practices.

The Cloud has changed the world of accounting. This concept is not new—it actually dates back to the early 1990s—but the biggest growth by accounting firms starting to take advantage of this online technology has been within the last few years.

As a tax and accounting professional, your clients already trust you to provide professional tax advice that is in their best interest, so why do you keep referring your clients to another financial professional for investment services?

It seems that everywhere we turn these days we’re inundated with messages of moving to the Cloud. Sometimes it feels as though the Mad Men advertising powerhouse is hard at work in the Sterling-Cooper board room, coming up with new material to keep the accounting world drinking that Cloud Kool-Aid

As deployed technologies continue to advance and change within the tax & accounting firm environment, the way in which practices track a work product from point of entry through point of delivery is also changing.