2 Key Things Must Look For Tax Practice Management Software

If you're considering investing in tax
practice management software, what should you specifically be looking for?
Every good tax practice management software has two overarching themes:
customer relationship management and document management.Customer Relationship Management for Tax
ProfessionalsBest tax practice management software has
different levels of customer management tools. The purpose is to help you
collaborate with clients by keeping their information up to date, securely
maintaining and sharing documents, and communicating quickly and easily.In short, your tax practice management
software should have a client portal that serves as a central hub for all your
client communications. This potential no extra stray emails; Instead, all your
inbound and outbound communications with present consumers are completed thru
the portal.● Stay organized: You'll be able to view a
complete audit history for each client file and have quick access to all their
documents, messages, and tasks, each organized into a simple timeline. An
important part of managing clients is setting up automatic message reminders so
you never have to chase down lost data.● Making Information Accessible: Other
features to look for include the ability to pin important information to the top
and give your staff access to each customer file. Because you don't want to be
scrambling every time a client calls to check the status of something, you want
their information organized so that every staff member can quickly check the
history.Also, remember that no tax practice management software will do
all the work for you. Many of these systems are only as good as what you put
into them. If you want an alert for active communications, such as a client's
birthday, you need to enter them into the software. But the more you put in
them, the better you manage your contacts.Cloud-based document management for tax
professionalsIn addition to client collaboration, the
best tax management software can manage documents including tax forms, workflow
management, and due date tracking. Ideally, you must have a dashboard that
offers you a bird's eye view of your firm's work, such as what's taking place
now, what's coming soon, and what's lately been completed.● Filtering and Prioritization: When
managing documents, your software will allow you to do things like filter by a
specific date, client, and status.● Email Syncing: Another aspect of some
software is automatically pulling your entire email into the inbox so
everything is in one place. This can allow you to post a comment for other tax preparers in your firm and
tag them to take action.● Workflow Templates: As you build your
processes, you'll want to automate them with workflow templates.● Automated Payments: Finally, document
management wouldn't be complete without the ability to track billing and
invoicing. Automatic payments are a big advantage for many organizations.
Software that organizes this for you is a huge plus.You already know that tax practice management
software is used to improve your firm's organization, efficiency, and
communication and you already know the 2 key things for this software.