The all in one practice management solution for Accounting firms.

What is an Accounting Practice Management Software?

A solution that helps accounting firms, CPAs and bookkeeping businesses manage their customer relationships, store important and secure information, collaborate internally with a team on specific projects, jobs and tasks, and improve productivity by automating internal workflows.

Why TaxDome?

There are many softwares out there that are very good and can do a lot to help accounting firms, TaxDome’s pro plan value proposition has the following advantages:

• Best bang for your buck ($800 a user if billed annually).
• If you commit to a multi-year plan, you can get bigger pricing.
• Most complete set of features to use less applications (Client portal, invoicing, e signature, unlimited storage, unlimited CRM, workflow automation, and much more…)
• Software integration with Tax programs, calendar apps, QuickBooks and merchant providers helps you save time and money keeping up with multiple platforms
• Unlimited training, support and onboarding comes at no additional cost. The competition usually includes several introductory onboarding sessions and charges extra for more help
• Email sync helps you keep communication centralized

What are the benefits of workflow automation?

According to a blog on HubSpot.com, workflow automation is the process of using rule-based logic to launch a series of tasks that run on their own without any human intervention. By leveraging self-operating processes that run manual tasks, workflow automation can help your business save time and money, diminish errors, and boost productivity.

What’s an example of an automated workflow?

Every accounting firm has certain products or services they offer their customers. For this example, we will use filing individual taxes for a customer. Usually, there is a roadmap from the beginning to the end of this transaction. We would call this the sales process. Inside the sales process, there are a series of steps that are followed and before we can move the process forward, a series of tasks or events need to happen. Here are some of the steps that go into performing the job of an individual tax job:

1. The firm sends the potential customer an intake form. Take the potential customer’s information
2. The accountant or tax preparer assesses the needs of the potential customer
3. The firm provides a proposal
4. The customer now accepts the proposal and signs an engagement letter
5. An email with a checklist of documents gets sent to the customer to submit to the firm
6. Documents are sent
7. Tax preparer or assistant confirms al the documentation needed and prepares the return
8. A draft of the tax return is sent to the customer for approval or signature
9. Payment is collected (this can happen before or after, depends on the firm’s policies)
10. Paper file or e-file is then determined
11. The job is complete

NOTE: All these steps are a simplified version of a workflow, these steps may vary based on other conditions that occur

The benefit of having a software to automate this for you, is that it saves up to hundreds of cumulative hours, money and provides the firm with the capacity to do higher volume work. Not to mention, this positively impacts the customer experience tenfold!

Here is an example of a workflow design map from an accounting firm that implemented their system on TaxDome:

Not sure if TaxDome is the right solution for your practice?

Contact me if you would like to schedule a complimentary 30 minute demo / TaxDome review.

Check out the DEMO I made with Hector Garcia, CPA