Accounting Practice Management Software Quick Buying Guide 2021

With so many practice management tools out there each promising to make your accounting firm more efficient, finding that one perfect solution for your accounting practice can be a daunting task. If you’re seeking the best price to feature ratio, you may miss out on features crucial to your practice. If you mix and match, you may end up spending unnecessary time switching between different tools. Ideally, a practice management software must have these features in 2021:

1. Project management

Project management software can cut the chaos associated with running your accounting practice firm by streamlining routine accounting and employee management tasks. It allows you to check pending, completed, and active tasks, to whom they are allocated to, and what is their expected completion time.

The system can prompt you if you have one or more tasks taking longer than expected time to complete. Moreover, you can visualize the data from the software on an analytics engine to identify threats and opportunities and optimize your existing workflows.

2. Cloud-based document management

Document management software replaces your file cabinets and flooding drawers of documents and files, allowing you to store copies of your documents in various secure cloud locations.

A team member can access these docs if you grant them explicit permissions. They no more have to visit the office just for the sake of collecting a document. They can request the document.

With seamless collaboration, document management software saves you the time you can spend on doing actual accounting work for your client. An integrated cloud-based document management system allows you to go paper-free.

3. Customer relationship management (CRM)

A modern customer relationship management software can manage your client’s entire journey from when they were a mere lead. You can file casework, upload documents, allocate tasks from their profile, and improve efficiency using automation. In addition, a CRM can track personal information on your clients and prospects allowing you to aptly connect with them. For example, a modern CRM will send automated felicitations on their birthdays and anniversaries.

4. Re-brand & Customize as your own

A practice management software that could be branded or customized as needed is always a win-win opportunity for your employees as well as clients. Solutions like White Label services not only allow you (the end-user) to rebrand the application with your logo but also provides benefits like installation and hosting the application on your private server. CAOA offers a white-label solution for end-to-end single-client usage that is unique to each of your practice needs along with solving your key challenges.

Summing it up

While there are more features in accounting practice management software, these are some of the necessary features you can look forward to in 2021. SaaS is pretty much the standard form of software distribution these days and all major vendors offer various subscription tiers to their accounting practice management software offering. Cloud-based software solutions are accessible, maintainable, secure, and upgradable.

With CAOA, we closely work with our clients throughout the process, focusing on their needs, targets while taking care of the budget. Along with tons of features to automate your work processes, help you manage your work, employees, clients, billing, payment, payroll, communication, documents, meetings, follow-ups, due dates; we keep our support team always available for all the CAOA users.

Click here to get more Information about CAOA Service plans & Support Procedures.

CA Office Automation is one of the wonderful concepts designed by the Team Aequitas Infotech for Practicing Professionals like CA, CPA & Tax Consultants. We have been using it for the past 4 years, it’s been the most effective tool in digitizing and automating the work process of the firm. They have been very responsive every time we reached out with any query, and we are delighted with their services. We will definitely recommend them. Thanks for the Great work!”.

NCS & Co.

Mangalore, Karnataka

I am happy that somebody has taken pain to understand our business process and given such a good application. Our client feels they are dealing with a world-class service provider. This is the best solution for all our requirements.

CA Manish Chulawala

Mumbai, India.

Being a CA/CS/Accounting firm, we must keep tracks of the scheduling of recurring jobs, database management of clients through their profiles, allotting tasks to the team by dividing them into sub-tasks and that too by keeping the whole team in the loop for a status of tasks, alerting clients through SMS/Emails, managing Documents into various categories like Master/Working, etc, managing costing of work, Invoices/Receipts Management (without Late or Missing Invoicing!), appointment scheduling, File labeling with locations, keeping pace with technology by using Cloud, Sharing of Job Status, Billing/Receipts with clients, and many more…

CA Bhargav Bhatt

Ahmedabad, Gujarat.

CAOA software will be very helpful to those Professionals who want to scaleup their business to the next level. Literally, It Saves Time, Energy & Build Strong relationship with Clients. Had a great experience with CAOA.

BRIDGE ROBIN & JOHN LIU LLP

Hong Kong

For the last few months we are using CAOA’s White Label solution under Hongkong Government affiliate program, which has allowed me to make some personalization to their software. They have a very good support team that will work on your White label account and within a short span of time, you’ll be up and running.The user experience & security solutions of this software are in the major spotlight.I’m very much satisfied with their White label service and recommend it to other accounting professionals.

CPA Simon Cheung (Director, CPA Global)

Hongkong

CA office automation allows us to easily manage workflow throughout the organization while increasing accountability and security measures.

They also provided excellent training on how to get the most from our system.

Baker Tilly HEM LLP ,Manjit Kothari

Kampala, Uganda

We thank the CAOA team for the wonderful job they are doing in helping us develop our internal control system by implementing the CAOA Platform. Everyone has been professional, excellent and hard-working across all our interactions with the team. Thanks to them, we were able to achieve our goal on time, and we look forward to continuing working with them in the future.

CPA Pankaj Mankani

Partner RVG Accountants. Dubai, UAE.

Hearty congratulations to the team at CA Office Automation for an excellent job! We’ve been trying to put together a functional Office Automation system for the last three years. I am happy to say we finally hired the team at CA Office Automation, and they’ve worked closely with us throughout the process, staying on task, on target, and on budget. I also appreciate their quick and courteous responses. I highly recommend their service!