ProConnect Tax Online is a valuable tool for firms that heavily rely on QuickBooks Online for their accounting needs. This software is specifically designed to streamline the tax preparation process for businesses using QuickBooks Online Accountant. The integration between the two programs allows for a seamless workflow and easy management from one central dashboard within QuickBooks Online Accountant.
In the past, ProConnect Tax Online was considered expensive for small firms. However, with the introduction of the Essentials 50 and 100 bundles, the software has become more affordable. While it may not be the cheapest option on the market, the benefits of using ProConnect Tax Online for QuickBooks Online users outweigh the cost.
One of the standout features of ProConnect Tax Online is its document management system. Users have the ability to upload, store, and view documents directly within the software. This feature allows for easy access to necessary documents while working on tax returns. Additionally, users can customize their requests for tax information based on previous years’ data.
Another notable feature is the tax planner, which allows users to plan ahead for tax scenarios. This includes making multiyear comparisons, building multiple case scenarios, calculating tax liability, and importing diagnostics. The K-1 package is also a valuable tool for partnerships, S-corps, and fiduciaries, as it helps generate letters, K-1 forms, state forms, and more for individual partners or shareholders.
ProConnect Tax Online also offers QuickBooks Billing integration, making it easy to create client invoices based on data within the software. The missing data review feature flags any missing information fields, streamlining the review process and helping to identify errors before filing. Additionally, the software provides direct access to IRS transcripts, eliminating the need for back-and-forth communication with clients.
This software is best suited for firms using QuickBooks Online Accountant, as it seamlessly integrates with the platform and offers a cloud-based workflow. It is also ideal for firms with remote tax preparers, as it allows for easy document sharing and collaboration. Additionally, ProConnect Tax Online offers extensive support features, including training resources, expert support, and in-product help.
In conclusion, ProConnect Tax Online is a powerful tool for firms that rely on QuickBooks Online for their accounting needs. With its seamless integration, valuable features, and extensive support resources, this software is a top choice for QuickBooks Online ProAdvisors and firms looking to streamline their tax preparation process.