First cloud-based trial balance offering that integrates with CCH Axcess
NEW YORK September 20, 2018 –(BUSINESS WIRE)– Wolters Kluwer Tax & Accounting today announced the launch of CCH Axcess™ Financial Prep, the end-to-end trial balance solution that eliminates the manual process of grouping accounts and creating tax reports. CCH Axcess Financial Prep represents another step forward in how Wolters Kluwer is helping professionals embrace technology to improve productivity and reduce tax return preparation time.
Once users upload client trial balance data into CCH Axcess Financial Prep, the accounts are intelligently grouped, and the solution assigns the tax codes respectively. As a result, users can more quickly make adjustments based on their professional judgement before sending balances to the business tax return in CCH Axcess Tax.
As an integrated cloud-based solution, CCH Axcess Financial Prep data resides in a common cloud database allowing multiple staff to work simultaneously within the same engagement. With instant integration to CCH Axcess, there is no need to sync data, leading to greater productivity when working on trial balance and related reports.
The key benefits of CCH Axcess Financial Prep include:
- Eliminate tedious steps to group trial balance accounts and assign tax codes
- Reduce manual steps to update the business tax return with the correct amounts
- Eliminate duplication of efforts in managing clients and staff in more than one solution
- Increase team collaboration and access engagements from anywhere and anytime
“This solution came together by working side-by-side with customers to understand their pain points”, said Jim McGinnis, EVP and GM of Wolters Kluwer Tax & Accounting North America, Medium and Large Firm segment. “It is only fitting that we launch this product a month before our CCH Connections User Conference, the place we initially held contextual design studies about this very solution.”
About Wolters Kluwer
Wolters Kluwer is a global leader in professional information, software solutions, and services for the health, tax & accounting, finance, risk & compliance, and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.
Wolters Kluwer reported 2017 annual revenues of €4.4 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,000 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.
Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY). For more information about our solutions and organization, visit www.wolterskluwer.com, follow us on Twitter, Facebook, LinkedIn, and YouTube.