4 Must-Use ProSeries Features for Extension Season

Practice Management, Workflow tools Accountant working remotely

Tax season is hard – and not because you’re actually doing taxes. It’s everything you have to do that’s not taxes, including collecting documents and signatures, sending clients reminders, and collecting payment. Add on to that tax law changes and confusion around the Affordable Care Act, and well, tax season is about as easy as herding cats.

The good news is that you’re not alone. In fact, many of your peers experienced similar challenges and put a lot of their clients on extension. And, with just a few months left before the extension deadlines, you have plenty of time to incorporate some new tools into your workflow that will make it a ton easier to herd those cats … I mean, clients.

As you’re probably aware, your ProSeries® tax software comes with 30+ time-saving features built in to help you save time in your workflow. Below are the top four time-saving features we recommend adding to your workflow during extension season, in order to help you with the administrative side of your practice.

Intuit Link. Developed with your clients in mind, Link saves you precious time tracking the influx of multiple client tax documents securely, quickly and all in one place! Workflow features, such as tax organizers with a checklist based on prior year tax data and client activity snapshots, allow you to know when you have everything you need to get started. It will be available soon at no additional cost. Note: Intuit Link will not be available for ProSeries Basic in tax year 2015.

Financial Institution Download, aka FIDO. FIDO takes a huge bite out of 1099 data entry time, at about 62 minutes, per return. It downloads financial institution data directly into a client’s tax return, including 1099-B, 1099-INT, 1099-DIV and W-2s. Just click on the “clients” tab. Import, and then select “tax import.”

eSignature. It’s not just a better way to finish and file a return; it’s a game changer. Instead of 10 minutes to mail an 8879 package, you can do it in less than a minute. Instead of five days to get a clients’ 8879, it’s back in as little as seven hours. And, forget about nagging clients to return documents; eSignature sends automated reminders. And, what about clients that request copies of their return over and over again? Now, they won’t because returns are stored securely online for up to a year.

Refund Transfers. With ProSeries refund transfers, you never have to chase a client to get paid. Plus, you pay NO additional RT processing fees above the flat rate $35 bank set-up fee, and for every funded Refund Transfer you file above and beyond last year, we’ll give you back $10. It’s a great way to improve the financial lives of your clients, while also finding new ways to grow your practice and make more money.

That’s it! Four great tools to help you unlock efficiency in your practice so that you can focus on what you love – doing taxes. And, let ProSeries handle the rest.

Click here to learn more about ProSeries’ time saving-features.