GoSystem Tax RS also integrates with a variety of third-party applications such as EMC Documentum, SurePrep, and Copanion, all designed to decrease the amount of paperwork needed to process client returns. Users also have easy access to Checkpoint research content as well as PPC Deskbooks from the user toolbar. Also included is the Partner Bridge, which allows firms to create Data Interchange Format (DIF) files automatically when partner information is imported or exported. The GoSystem Tax APIs enable firms to automate tax workflow processes related to e-Filing, printing, and importing/exporting tax return data. Import hundreds of partners into a partnership return or update a specific value within a tax return in real time using one of the 38 GoSystem Tax APIs available on the Developer Portal.
Converting to GoSystem Tax RS
GoSystem Tax RS does not offer a portal, but the product offers easy integration with the NetClient CS Portal, part of the CS Professional Suite of applications. The NetClient CS Portal allows firms to share returns with clients, with clients provided with secure access to the portal, where they can upload source documents and other related information. Data can also be imported directly to the application from a variety of applications if necessary. Users also have easy access to numerous online tools and resources by accessing the Customer Center.
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GoSystem Tax does not include a portal, but firms can choose to utilize the NetClient CS Portal, which is part of the CS Professional Suite of applications that seamlessly integrate with the application. The NetClient CS Portal allows firms to share returns with clients, as well as providing clients with the ability to upload necessary documents when requested. Tackle the most complex tax returns, such as multitiered consolidated return processing for corporations and partnerships. Though it’s a common practice throughout the accounting profession to collect client data via an Excel workbook and then manually re-enter that same data into accounting software, it’s also a known vulnerability in managing cost and time. Berkowitz Pollack Brant found significant improvements to efficiency by creating processes which reduced or removed the need for this kind of repetitive, manual data entry.
GoSystem Tax RS: Complete Demo
GoSystem Tax RS is designed to handle more complicated returns, allowing multiple system users to access a single return concurrently. The product also offers a custom tax equalization module that is designed to handle expatriate calculations. The tax equalization module includes more than 20 templates, 11 equalization statement formats, and gross up calculations for a variety of states including AZ, CA, CO, CT, DC, DE, GA, IL, KY, LA, MA, MD, MI, MN, NC, NJ, NM, NY, OH, OK, PA, and SC. GoSystem Tax RS from Thomson Reuters is part of the CS Professional Suite of applications. A good fit for larger accounting firms as well as corporate tax departments, GoSystem Tax RS is equipped to handle the complex corporate returns, life insurance returns, and tax equalization returns, easily handling individual returns as well.
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- The product supports multiple monitors, making it particularly useful for firms with multiple users.
- Both systems also allow users to import tax data directly into GoSystem Tax RS client returns.
- Though offered online exclusively, users can work online or off-line, with all data entered quickly uploaded once an online connection is re-established.
- GoSystem Tax RS makes good use of tax organizers, allowing users to access the client organizer or the tax forms.
- The portal offers easy document exchange between clients and firms, with clients provided secure access to the portal, where they can upload or download documents at any time.
The product supports multiple monitors, making it particularly useful for firms with multiple users. The QuickTrack feature allows users to easily access frequently used organizers and the QuickForm option offers easy access to all major tax forms. understanding real vs. nominal interest rates Tax RS does not currently offer a portal directly within the application, though it does integrate with the NetClient CS Portal. The portal offers easy document exchange between clients and firms, with clients provided secure access to the portal, where they can upload or download documents at any time. Data importing options are also outstanding in GoSystem Tax RS, with users able to import data from just about any accounting system.
The QuickTrack feature offers access to organizer details, with a series of links available for quick access to a particular area within the organizer. An online pioneer, GoSystem was one of the first tax compliance software applications to offer web accessibility, GoSystem Tax conveniently offers users the ability to work both on or off-line, with the data quickly uploaded once connected. Along with the Thomson Reuters applications mentioned above, GoSystem Tax RS also integrates with a variety of third-party applications such as EMC Documentum, SurePrep, and Copanion, which all use OCR processing technology. Users can also easily access research content from applications such as Checkpoint, PPC Deskbooks, and Partner Bridge.
https://www.accountingcoaching.online/what-are-fixed-manufacturing-overhead-costs/ Tax RS supports both federal and state e-filing, with users able to review, edit, and validate any completed return prior to e-filing. GoSystem Tax RS supports multiple users, making it easy for a team to work on a return simultaneously. Diagnostic messages are available throughout the application and users can click on any line in a completed return to view a complete audit trail for the amount entered. Users can also navigate directly to a specific form using the QuickForm feature, with links available to choose from numerous form options. Once a return is completed, users have the option to preview the return for errors or omissions. GoSystem Tax RS supports multiple monitors, making it easy to view various sections of a return simultaneously.
Peter Walker of Berkowitz Pollack Brant shares how the firm used GoSystem Tax APIs to automate one-time data entry for 1065 federal engagements. See how GoSystem Tax RS provides a sophisticated web-based system that provides the power to handle your most complex tax scenarios. Tax return assembly & delivery automation for individual and entity returns, with a superior client experience. See how GoSystem Tax RS provides a sophisticated web-based system that provides the power to handle your most complex tax scenarios. Process individual, corporate, and partnership returns with timesaving tools, such as the Allocation and Apportionment module. “One of the pain points consuming a lot of time and causing issues and inefficiencies in our tax department was the activity of our workbooks.
Users can click on any line in the tax form to display an audit trail for the amount represented. The program also includes diagnostic messages that help to pinpoint return inconsistencies and errors. An auto-compute feature is also available that allows users to easily view results as data is being entered into the system. GoSystem Tax RS offers excellent integration options, integrating with Accounting CS and Workpapers CS, Trial Balance CS, Write-Up CS, FileCabinet CS, and GoFileRoom, as well as AdvanceFlow, a cloud-based audit management application. Other integrations include Practice CS, Fixed Assets CS, and Planner CS, which allows user to create multiple tax strategies for their clients in order to minimize tax liability.
A variety of data can be imported including a trial balance, a client organizer, and tax forms. https://www.accountingcoaching.online/ Tax RS from Thomson Reuters best suited for mid-sized and large firms that process more complex returns such as consolidated corporate returns, life insurance returns, and tax equalization returns. GoSystem Tax also offers individual tax filing and integrates well with the Thomson Reuters CS Suite of tax and accounting products. GoSystem Tax RS from Thomson Reuters is part of the CS Professional Suite of applications designed for accounting professionals and corporate tax departments alike. GoSystem Tax RS is well suited for firms preparing multitiered consolidated corporate returns, life insurance returns, and tax equalization returns, though the program handles individual returns as well.