If you are an accounting professional or a firm you must have carried a productivity analysis regarding the pros and cons of various tax software such as Lacerte, Proseries, Taxwise, Taxworks, Drake, Ultratax and others. Also you may be finding yourself more incline towards using various online tax preparation software which provides you the flexibility to work from anywhere any time. Every new tax software you use requires some new learning on your part. Web based tax preparation comes with additional doubts about data security, local backup options and speed of access as well as whether multiuser facility is available or not. It may also happen that your favorite tax software does not have the online tax preparation facility.

Lacerte is widely used tax software, though online tax preparation function is not available for this. Though you can get online billing enquiries. So the Question is, how to make this tax software accessible anytime anywhere as well as allow various users to collaborate. The important thing is to make the software always accessible, yet requiring no new learning on your part.

Third party application hosting brings with it innovative solutions for solving many of your problems regarding productivity, cost as well as minimization of IT infrastructure. Third party hosting service provider installs and run your licensed tax software on their Terminal servers. This means that a virtual copy of your tax software is run on the terminal servers and you access the application just like a local desktop interface .Result is that, the speed of access of various file is very high unlike web tax software hosting wherein you execute the downloaded version of the application. Each component to be executed is first downloaded and the any changes can be made. Consequently the speed of access is slow compared to terminal server hosted Tax software.

Tax Software preparation is a collaborative process. You may require the service of several of your staff For working on one or more components of the process. But there is the constraint that all of them have to interact face to face regarding updates or changes. Hosting tax software does away with this necessity. Since all the users can simultaneously access and make change to the application from anywhere as you can embark on the path of fruitful division of labor. Result is that, you can handle more clients as you are saving time in preparation of each tax return. Maintenance of IT infrastructure, specially backup facility is cost intensive process as well as require technical manpower not related to your core business. Hosted tax software comes with multiple backup and assured always on technical support and trouble shooting .This leads to reduction in your IT infrastructure investment.

I will further explain the third party hosting benefits with respect to Lacerte tax software. First, the collaborative part. Lacerte has client tracker facility through a workflow management system where in different users can collaborate for preparing tax returns .Application hosting liberalizes it from the space constraints and facilitates collaboration among staff from any place through online access.

William Smith is a technology Specialist At Real Time Data Services specializing in Accounting application and software products. Real Time Data Services provides QuickBooks Hosting , Tax Application Hosting such as Proseries, Lacerte, UltraTax, ATX etc as well as Managed IT Infrastructure services for small and medium businesses As well as remote desktop support as well as MyOb Hosting and Peachtree Hosting

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