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Why Choose Lacerte Tax Preparation Software?

Last updated: 08 Apr, 2021 By | 6 Minutes Read

If there is one accounting software that has withstood the test of time, it has been Lacerte Tax developed by Intuit and supported by them over the last 30 years and more. During this period, it has continued to enjoy the confidence of accounting professionals due to a large number of factors, not the least being its simplicity, amenability to constant upgrades and user friendliness. Even this year there has been a number of add-ons and developments that has increased substantially the ease of electronic filing process and analysis of error diagnostics.

Lacerte tax preparation software is the perfect fit for tax and accounting professionals as well as outsourcing agencies that specialise in the accounting aspects of business clients. There are a number of features that will be discussed here, but one that stands out is the speed it offers to transfer data from the accounting platform to that of the tax flow worksheet and return preparation. In fact, Intuit has gone so far as to quantify in terms of minutes the time that is saved by using the latest features incorporated in the software in 2014.

What then are the main features of this time tested software

  • Speed of operations – Any overview of Lacerte will invariably begin with this. One of the main advantages is that there are built in tools and automated calculations that make finalizing a tax return a breeze. Further, the interface has been so designed that there is a direct access to almost 5,700 forms spanning federal, state and other entities. The flat worksheet design facilitates quicker data entry. Added to this are the specific time saving features, all 27 of them, categorized into sections.

An example will prove this point. In the category “Filing Returns”, two features E-file Wizard and Estimates help to shave off 15 and 19 minutes respectively from preparation of returns. In the section “Billing”, the Export Billing feature itself saves 57 minutes per return by routinely generating client bills in Quick-books with data stored in the Lacerte tax preparation software.

  • Generation of Returns – Lacerte permits printing of returns in PDF which can then be emailed to clients. But to ensure the security of the mail, a built in tool automatically generates a password that may either be the social security number or even employee identification number along with the ZIP code and encrypts the attachment in the mail. This feature was introduced by Intuit in 2012.

The specifications given here form a part of the overview of Lacerte only and are not to be taken as in in-depth review. There is much more to this incredible software as any accounting professional will vouch for.

Thinking of implementing the tax preparation software in your business but lacking expert human resources? Contact Cogneesol as we provide accurate and efficient tax preparation services with trained professionals. Contact now, at +1 646-688-2821 or email us at info@cogneesol.com.

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