Today's Technology for Tomorrow's Firm.
Issue link: https://cpapracticeadvisor.epubxp.com/i/99887
Reviews For Your Firm TAX DOCUMENT AUTOMATION Thomson Reuters — Source Document Processing 2013 OVERALL RATING 4.5 • Automatic labeling and organization BEST FIT Professionals using UltraTax CS and of source documents with FileCabinet CS other programs in the CS Professional Suite, who want an integrated option • Auto-population of client returns with data from scanned source documents for creating digital workpapers from client source documents and automatic • Low cost-per-client for workpaper creation population of returns from the data on those forms. POTENTIAL LIMITATIONS • Key features require license of FileSTRENGTHS Cabinet CS and UltraTax CS • Thorough integration with other programs in the CS Professional Suite • Does not integrate with third-party SurePrep — 1040SCAN Pro; 1040SCAN Organize 2013 OVERALL RATING 4.75 client complexity, allowing them to BEST FIT use 104 0SCA N ORGA NIZE, Professional frms seeking an automated workpaper solution, who have 1040SCAN TRDES or 1040SCAN PRO, as necessary complex clients, or clients who ofen have large numbers of source docu- • System allows frm customization to ft its workfow practices ments, and where there may be multiple professionals involved in preparation, • Fastest turnaround time compared to web-based systems for creating review and fnal sign-of. automated PDF workpapers (last tax STRENGTHS season, it averaged under 25 minutes) • Te SPbinder tool has strong features for organizing and annotating PDFs, POTENTIAL LIMITATIONS Word documents, Excel files and • Multiple options and extensive workfow features are positives, but Outlook emails • Multiple options for frms with varying may require additional time to grow CCH ProSystem fx Scan 2013 OVERALL RATING 4.5 provide data validation BEST FIT Firms wanting to integrate automated • User customization options workpaper and form preparation into • Side-by-side views of forms and source documents during review the larger suite of tax and practice management programs in the Pro- • Options for annotating, managing bookmarks and repaginating PDF System fx Suite. documents STRENGTHS • Optical character recognition POTENTIAL LIMITATIONS • Scan and organize functions work (OCR) is streamlined and fast with any tax software, but Auto• Te AutoFlow Wizard feature helps Intuit Tax Import for Lacerte and ProSeries 2013 OVERALL RATING 4.5 side view of extracted data and scanned BEST FIT source documents Tax-focused practices using Lacerte or ProSeries, who want an automated • Direct download from financial method of creating organized PDF institutions provides even greater data accuracy and speeds up process of workpapers from client source documents, as well as direct download of W-2 and getting clients to provide source documents 1099 data from fnancial institutions. • Per-return, bundled and unlimited STRENGTHS pricing options enable frms to use it • Dual optical character recognition as needed. process increases reliability of data POTENTIAL LIMITATIONS imports • Pre-Import Review feature simplifes • Directly integrates only with Lacerte and ProSeries tax (and their respective data verifcation, providing side-by- Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/10832715 document management or tax pro- service costs $6 per client, return grams regardless of the number of source documents uploaded, and even if SUMMARY & PRICING additional documents need to be added Source Document Processing is very later. For firms with higher client streamlined and easy to use, and will volume, an unlimited license is available be intuitive to current users of UltraTax for $1,500. CS and FileCabinet CS. Te service has robust form identification and 800-968-8900 OCR technologies, and data flows CS.ThomsonReuters.com efortlessly to verifcation processes and then to a client's 1040 return. Te Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/10832739 familiar with • Te organized PDF workpapers the system creates are in a proprietary format that does not allow modifed using other PDF editing applications, but users can also create a traditional PDF. ORGANIZE costs $10 per engagement and includes SPbinder. 1040SCAN TRDES is $20 per engagement and includes the SPbinder and ORGANIZE programs. Te comprehensive 1040SCAN PRO system, which includes the other three, costs $30 per engagement. SurePrep offers disSUMMARY & PRICING counted rates to firms that make Te four SurePrep workfow programs early-season or multi-year purchase are available in a tiered structure, with commitments. the PRO version including all products. Pricing for SPbinder is $5 per eng 800-805-8582 agement, regardless of the number of www.sureprep.com client source documents. 1040SCAN Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/10832734 and PDF annotation, bookmarking and pagination options. Pricing for the ProSystem fx Scan application varies, with a starting price around $4,200. Te Autofow component is priced at SUMMARY & PRICING $12 per return. Te SaaS version is Available in both installed and SaaS sold in bundled quantities. versions, ProSystem fx Scan provides a more user-controlled document 800-739-9998 automation system, with highly CCHGroup.com accurate OCR, strong data validation Flow Wizard only imports data into ProSystem fx Tax. • Best suited to firms with larger volumes of individual returns Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/10832809 document management systems) returns is $399; 150 returns is $999; and an unlimited use license is $1,499. For SUMMARY & PRICING ProSeries users, pricing is: $149 for 25 Tax Import provides good PDF workreturns; $299 for 50 returns; $499 for paper generation and has the fasted 100 returns and $999 for unlimited reported turn-around times for completed returns. documents. Te Direct Download feature also has good potential for saving frms 800-200-7599 time, by speeding up the time it takes to accountants.intuit.com/tax/ get client documents. lacerte/add-ons/tax-import.jsp Pricing is based on the number of accountants.intuit.com/tax/prosclient returns the system is used for. For eries/add-ons/tax-import.jsp Lacerte users, pricing for up to 25 returns is $199 (about $8 per return). Up to 50 January 2013 • www.CPAPracticeAdvisor.com 23