Practice CS

Track time and billing of the firm’s work; create electronic invoices; get real-time access to staff information.
Suggest An Application

    We value your privacy and will use your information only to communicate and share relevant content, products, and services. See Privacy Policy

    Host Your Add-Ons Contact Ace Cloud Hosting

    Practice CS Details

    Price Quote-based
    Rating
    4.7/5 by CPA Practice Advisor
    Business Function
    Industry
    Compatibility
    Developer Thomson Reuters

    What is Practice CS?

    Thomson Reuters’ Practice CS is an all-in-one practice management software designed to help accounting firms manage workflows, track staff productivity, and streamline client management tasks. It provides tools for time and billing, project management, document management, and client communications.

    Practice CS offers multiple dashboards that can be customized as per your requirements, such as client, firm, or staff. For instance, it offers a client dashboard where you can access each client’s information in one place.

    Practice CS also ensures the protection of your critical data with multi-level security features. For instance, you get a robust access control system, enabling you to control a user or group’s access to specific areas in the dashboard.

    Practice CS is a part of the Professional CS suite that includes other solutions, such as Accounting CS, Planner CS, UltraTax CS, Fixed Assets CS, and more. You can seamlessly integrate Practice CS with all these solutions to get added functionalities.

    Key Features of Practice CS

    real-time

    Custom Reporting

    With over 150 customizable reports, Practice CS enables you to create a 360-degree view of your accounting practice. You can also use multiple filters to automate reporting.

    ledger-accounting

    Invoicing

    Edit the invoices according to business needs. Add sections like Discount and Ledger. Add messages and send them to clients by integrating with the online portal.

    billing method

    Billing

    Practice CS enhances billing management with features such as custom filters and progress billing. You can select your preferred billing method and export invoices.

    real-time-data

    Mission Control

    A central hub with customizable dashboards that gives you real-time data on firm operations, staff projects, and client statuses.

    staff dashboard

    Staff Dashboard

    Practice CS helps you onboard new staff quickly, invoice clients faster and more accurately, and track service profitability over time. This boosts revenue without adding extra work for your team.

    time-tracking

    Time and Expense Entry

    Ensure employee satisfaction by enabling an efficient time and expense entry for your team. Customize the data entry sheet, add filters, and enter negative WIP.

    Practice CS and UltraTax CS On Ace Cloud Hosting For More Flexibility

    Practice CS integrates with UltraTax CS software for a seamless tax workflow. Hosting UltraTax with Practice CS on the same cloud allows easy import/export of information. Choose Ace Cloud Hosting for numerous added advantages, such as:

    cyber-security-1

    Multi-level Data Security

    With multiple security safeguards, such as 256-bit AES data encryption, multi-factor authentication, and OS patching, we ensure total data protection at the physical, network, endpoint, and admin levels.

    24-7-support

    Dedicated Support

    We offer 24x7x365 customer support for all our customers at no additional cost. You can connect with us through phone, chat, or email to ensure satisfactory response and resolution to all issues.

    99.99%-uptime

    SLA-backed Uptime

    Ace Cloud Hosting offer a 99.99% percent guarantee in our SLA, which means less than 6 minutes of downtime. Our redundant cloud infrastructure and disaster recovery plans ensure all-time availability.

    cost-save

    Cost Savings

    Eliminate in-house IT costs by hosting your entire business process on Ace Cloud Hosting. Choose our flexible pricing plans and pay only for the IT resources you use. Reduce costs of IT deployment, support, and upgrade.

    high-performance

    High-Performance Computing

    Work on your applications hosted in a High-Performance Computing (HPC) environment. Give your employees a desktop-like working experience, irrespective of their location and personal device.

    data-backup

    45-Day Backup

    We offer a 45-day rolling data backup on our servers. The backup service is part of our cloud solution, and we don’t incur any charges for it. The data is backed up automatically daily.

    Steps to Integrate Practice CS with UltraTax CS

    Integrating Practice CS with UltraTax allows you to automatically update client info, sync project statuses, and improve the workflow of tax-related tasks. Let’s see the steps to send UltraTax CS client information to Practice CS:

    Step1
    access

    Open Practice CS, select Setup, then Firm.

    Step2
    setting

    Within Firm setup, select Preferences tab > Integrate this Firm with other solutions checkbox and select Enter.

    Step3
    select-list

    In UltraTax CS, select Help, then Repair. Click on the Misc tab.

    Step4
    click-yes

    In the Populate CS Applications group box, click the CS Practice Products > Populate button.

    Frequently Asked Questions

    Practice CS is a desktop-based practice management software that offers features such as time and expense filing, client management, invoicing, billing, and custom reporting.

    No, Practice CS is a desktop-based software solution that needs to be installed on the local system or server. However, you can opt for cloud hosting services to add cloud features.

    No, there is no dedicated dedicated mobile app for Practice CS.

    The system requirements for the CS Professional Suite are-

    - 2 Ghz 64-bit processor

    - Ranging between 100 MB to 2.5 GB

    - Operating System - Windows 10 and 11, Windows Server 2016, 2019, and 2022

    There is no fixed pricing plan structure mentioned on Thomson Reuter’s website. However, you can contact the sales team for a pricing quote, depending on your requirements, such as the number of users and the features.

    Reviews

    quote-icon-ppc
    For professional practices seeking a comprehensive suite of accounting, tax and client service programs, the CS Professional Suite has virtually everything in its fully integrated, consistent and streamlined offering.
    Review OnCPAPA-Logo
    quote-icon-ppc
    The Staff Management Module also provides strong HR functions, enabling the tracking of staff benefits such as paid time off, comp time, holidays and other accruals, as well as tracking CPE and other custom data.
    Review OnCPAPA-Logo