Practice CS
2 Reviews 3/5 ★ ★ ★ ★ ★A cloud-based accounting practice management software by Thomson Reuters that offers time, billing, and invoice features.
Product Overview
Practice CS, developed by Thomson Reuters, is a practice management software designed to optimize operations for accounting firms of all sizes. The customizable staff, client, and firm dashboards offer real-time access to critical information and facilitate efficient navigation. The staff dashboard allows members to enter time information, schedule tasks, and set reminders, with integration into Microsoft Outlook for seamless activity syncing.
Practice CS is part of the Thomson Reuters CS Professional Suite and integrates well with other applications in this suite, offering enhanced productivity. Key features include a robust time and billing component, along with firm, employee, and client management capabilities. The software also supports a variety of deployment options including SaaS, Virtual Office CS, and an On-Premise edition, catering to different business needs.
Pros
- Scales to fit firms of all sizes
- Integrates with the CS Professional Suite
- Offers customizable user dashboards
Cons
- Complexity requires dedicated training or dedicated administrator
- Limited third-party integrations
Target Market
Professional accounting firms with over 50 employees, especially those using other Thomson Reuters applications.Not Recommended For
Firms with under 50 employees or the inability to have a dedicated administrator to run the program.Video Overview
Practice CS Features
- Firm/client/staff information
- Customizable dashboards
- Electronic invoices
- Time and billing
- Reporting
Additional Modules
Practice CS has additional modules to help you monitor every detail of your firm’s projects:
- Display staff projects and tasks: A customizable dashboard keeps staff focused and ensures timely delivery to clients.
- Monitor staff availability: A quick glance ensures the right people are working on the right projects.
- Monitor staff performance: Maintain a close watch on operational efficiencies to ensure peak productivity.
Product Overview
Developer Overview
Related Products
User Reviews of Practice CS
Write a Review
Overdesigned and cumbersome
Overdesigned and cumbersome. No real practical design for firm of less than 50 persons. No one has asked a firm what is needed to ensure information is properly provided. Need a full time administrator to keep program working and to use in an approrpiate and professional manner. No way to check or review notes applied to time and billing once time is applied to billing. Notes are important so that adjustments and improvements can be made year to year. If you have less than 50 staff AVOID!
Pros
Nothing really. Overdesigned and cumbersome
Cons
Overdesigned and Cumbersome
Practice CS paid for itself within two months
I was originally introduced to Practice CS while at a previous CPA firm, and was familiar with its operation and capabilities.
Using the status reports feature we are now given automatic reminders for follow-ups and check-ups that have improved revenue and overall customer service. The 941 payroll payment reminders were especially useful as they may otherwise have possibly been missed.
Choosing Practice CS for my firm was the right decision to make. If anything, I’m disappointed I waited those six to eight months because of concerns over the price. My hesitation wasn’t worth the potential revenue I now know I lost in that time. Practice CS paid for itself within two months, and it’s still going strong.
