10 Most Useful Add Ons For ProSeries Tax Software

Last updated on January 13th, 2023

ProSeries Tax Software is one of the most widely used tax software by individuals and accounting professionals. As per the 2019 tax software survey by the Journal of Accountancy and The Tax Adviser, ProSeries is the most preferred tax software by individuals and topped the charts for its easy-to-use interface.

ProSeries Tax Software comes in two versions: Basic and Professional. The basic version helps to file individual tax returns, i.e., Form 1040, and the professional version is for accounting professionals to file business returns. Some of the features of ProSeries are-

On-Screen help while filing returns
Finding correct form and data entry assistance
More than 1,000 error-checking diagnostics
Tracking and managing clients’ return status
Easy-to-use user interface

Although ProSeries provides various features to its users, there are some functionalities such as data organization, file management, payment collection, and digital signatures that are required additionally to manage the tax process. There are several add-ons applications that can be easily integrated with ProSeries to perform these complementary functions.

Here is a list of top 10 add-ons for ProSeries Tax Software that ensure smoother tax filing processes.

Table of Contents

1) Pay-by-Refund

Pay-by-Refund is a payment collecting app by Intuit. With this app, accountants and CPAs can collect their tax preparation fees from clients easily. Also, clients can start their tax filing processes without any upfront cost.

Moreover, Pay-by-Refund provides identity-theft protection for secured transactions. The services provided to ensure identities are protected are-

Identity restoration
Identity-theft insurance
Dedicated fraud resolution support

ProSeries integrates with Pay-by-Refund to ensure smoother payments for both clients and accounting professionals.

2) eSignature

eSignature app allows accounting professionals to get tax forms e-signed by the clients directly, without having to visit the client. It saves the time of both clients and accountants. The app also has eight eSignature notification statuses to check when the form is delivered, signed, declined, voided, expired, or authentication has failed.

ProSeries integrates with eSignature to speed up the tax filing process with digital signatures. It also ensures the security of documents with two identity authentication options- knowledge-based and email authentication.

3) eFile Cabinet

eFileCabinet is a one-stop app for document management. The app automatically recognizes and categorizes the files by name and their content. The documents can be shared securely directly using the app. Users can manage the recipient’s permissions for files, set expiration on the permission, and receive notifications for shared files.

ProSeries integrates with eFileCabinet to automate most simple tasks and reduce manual errors. Accounting professionals or business owners can set governance on files or folders to stay compliant.

4) Smart Vault

SmartVault app allows accounting professionals to go completely paperless by storing, sharing, and managing documents on the cloud. Users can customize the documents with their company’s logo before sharing the files for enhanced authenticity. SmartVault also has an eSignature feature to get your clients’ signatures on a file digitally.

ProSeries can be easily integrated with SmartVault to provide the automated workflow, bank-level security, automatic file lock, and compliance tools.

5) QuickBooks

QuickBooks is one of the most-used applications to manage accounting processes. It allows accountants to manage expenses, track bills and invoices, generate reports, process tax returns, and much more.

QuickBooks integrated with ProSeries tax software allows easy inventory management, faster tracking of customers, sales, etc. Business owners can also manage the sales and earnings of employees, which can be used to do payroll taxes from QuickBooks itself.

6) ProSeries Link

ProSeries Link is an app to collect the clients’ information, required to file taxes online in an organized way. With Link, accountants can create a customized questionnaire and send it to their clients directly through the app. Once the client has filled all the information, the user gets a notification and can proceed to tax filing.

Link integrated with ProSeries Tax Software helps accountants and CPAs to streamline the tax filing process. It also provides 256-bit encryption to secure confidential accounting data during information sharing.

7) QuickCollect

QuickCollect by Intuit is a tax preparation fee collection app. QuickCollect gives an option to clients to pay the tax preparation fee from their tax refund amount. Once the tax refund is initiated, the tax preparer also gets their payment.Tax professionals can use this app if they are sure of the clientgetting a tax refund as it does not have a payment collection option in case of zero refunds.

ProSeries integrated with QuickCollect assure the tax professionals of the fee payment. It also helps in business growth by including the clients’ who are otherwise skeptical of tax refund frauds.

8) Quick Employer Forms Accountant

This app helps accounting and tax professionals to generate clients’ payroll forms. Users can review the forms before e-filing or printing them. The app also has an option to e-file the forms to the IRS or Social Security Administration directly.

Quick Employer Forms Accountant integrated with ProSeries software allows faster creation of 1099 and W-2 forms. Users have to answer some questions, and the app generates the right forms.

9) Fixed Asset Manager

Fixed Asset Manager is an asset tracking app to calculate the depreciation. Users can import assets from the ProSeries software, split the asset into two or more new assets, get monthly depreciation reports, group assets, calculate interim depreciation, and much more.

ProSeries integrated with Fixed Asset Manager allows tracking of asset sales and purchases throughout the year to calculate depreciation for tax filing accurately. It also provides printing tax worksheets for 4562, 4797, and 4626 forms.

10) Tax Scan and Import

Tax Scan and Import is two app features in one place. Professionals can scan the documents and import the data from the scanned document directly to the 1040 form of the client. The app also has a feature to edit the imported document and check its accuracy with the help of the Transaction Data Reviewer.

Tax Scan and Import app integrated with ProSeries Software allow accountants to scan the documents without leaving the tax software, ensures data security during transmission. It supports several forms and schedules, such as W-2, 1099-B, 1099-Mortgage, 1099-DIV, 1099-G, Schedule K-1 (1065, 1041, 1120-S), and consolidated brokerage statements.

Wrapping Up

Choosing the right add-ons for ProSeries tax software not only increases the functionality of the software but also helps in better management of data, faster accounting processes, and improved productivity, resulting in an increased number of billable hours for your firm.

To know more about ProSeries software add-on integration, contact our Solutions Consultant at 855-223-4887.

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