ProSeries Software – Versions, Features, and How They Differ

Are you in the market for tax software that makes complicated tax computations easier? Completing tax preparation is integral to each financial year, and the right software can significantly ease the task. One such software that has become quite popular over the years is the ProSeries tax software by Intuit.

Intuit ProSeries is tax preparation software that eases the burdens of tax professionals. It’s reliable for its precision and ease of use for individual and business filing. The software assists users in completing tax returns by preparing the tax forms, finding mistakes, and submitting the returns electronically. Its flexibility makes it widely used by accountants, tax preparers, and SMBs.

Tax preparers and accountants have adopted this tax preparation tool to optimize their processes for accuracy and productivity. However, given the many available versions, knowing which one to choose might be challenging.

The following article will discuss the different types of ProSeries Software available in the market, their unique attributes, and how the versions differ.

ProSeries Software Versions

1. ProSeries Basic Edition

The intended use is with individual tax preparers handling simple tax returns. This version is best if you are a tax preparer dealing with individual clients.

Who is it for?

• Small tax practices or individual preparers who have a few clientele.
• It is suitable for all those who do not want any complex features but only want an efficient way of filing returns.

Features:

• Less complicated data entry.
• Federal and state tax forms.
• E-filings appliances.
• Basic client management tools.
• Standard diagnostics to catch possible errors.

Editions: There are currently three editions offered under ProSeries Basic.

ProSeries Basic Edition offers more than enough for budget-conscious users, but an expanding company may need more than its essential features. It suits those who want to finish tasks efficiently without any unnecessary frills.

2. ProSeries Professional Edition

The ProSeries Professional Edition would be a more appropriate solution for larger corporations or accountants who face more complicated tax situations. It comes fully loaded with features for high-level businesses, partnerships, and corporations. This release is for tax professionals with multiple clients who require extra functions for complicated return filings.

Who is it For?

• This is for large accounting firms or proficient tax preparers with diverse and complicated taxes to file.

Features:

• Administers seasonal, business, and corporate taxation.
• Comprehensive tax forms database (federal, state, and local).
• Highly refined client management features.
• High-level informative diagnostics and error-checking systems.
• Ability to import data from QuickBooks with ease.
• Combined e-filing of many returns for all users.

Editions: There are currently four editions offered under ProSeries Professional.

The ProSeries Professional edition is more flexible and can be scaled easily, making it suitable for companies that have to deal with many tax returns. However, it is more expensive than the Basic Edition.

Cost Analysis: How ProSeries Versions Differ

ProSeries Basic offers fixed-tier plans with limited state support, starting at $599/year, ideal for smaller firms. Professional provides flexible options, including pay-per-return and unlimited plans, with multi-user access and broader state/business return support, starting at $419/year. Higher-tier Professional plans require a custom quote, making it better suited for larger firms needing scalability.

Key Features of ProSeries Software

ProSeries Software has several inherent features meant to improve the tax preparation process. Here are the most interesting ones:

1. Ease of Use: ProSeries Software is easy and intuitive to navigate, enabling users to navigate through different tax forms and client details without a fuss. Such features are time-saving and reduce the chances of errors by providing stepwise data input assistance.
2. Availability of Different Tax Forms: ProSeries offers an extensive variety of tax forms, including federal, state, and even local tax returns. This flexibility ensures the user can handle basic individual income tax and more complex returns such as those for corporations, estates, trusts, and nonprofit organizations.
3. Integration with QuickBooks: Its ability to work with QuickBooks Enterprise is commendable. This means that tax preparers can upload their clients’ numbers into the system, hence minimizing, if not eliminating, the tedious data entry process and the chances of making errors.
4. Checking For Errors And Diagnosis: The system has internal audit mechanisms that look for omitted or erroneous details. Such a provision ensures that every submission goes out, meets tax compliance standards, and has minimal chances of being rejected by the IRS.
5. Client Management Components: ProSeries Professional Edition includes client management components that enable users to monitor numerous clients, system their papers, and maintain archives in a single platform. This is especially helpful for bigger companies that deal with a variety of tax returns.
6. E-Submission Option: Both editions offer e-filing options, making it possible for an expert in tax preparation to file the returns electronically. E-filing quickens the process and gives evidence of acceptance when a return has been filed. This is an important feature for those processing many tax returns.

Final Words

Choosing the right ProSeries version for your business depends on your specific needs and the size of your business. Carefully evaluate the features each version offers to ensure it aligns with your tax preparation requirements.

Additionally, consider how you will access the ProSeries software — whether you’ll be able to access the software remotely or not. If accessibility is limited, hosting your ProSeries software with an Intuit-authorized provider like Ace Cloud Hosting can offer seamless remote access, enhanced security, and optimal performance, ensuring your business runs smoothly, no matter where you are.