Thomson Reuters Practice CS review

Practice CS is Thomson Reuters' practice management product for firms on the CS Professional Suite. Its core is time and billing: capture billable time, see the costs of each job, create electronic invoices, post bills online and accept credit card payments. Customizable dashboards give live data on firm operations, staff projects and client status, and flexible reports help owners analyze the profitability of services over time. The product scales from small to large firms, and you implement only the parts you need. Workflow comes from add-on modules: Project Management stages and tracks client work, and Staff Management handles assignments, schedules, benefits and comp time. Its biggest advantage is suite integration, since UltraTax CS, Accounting CS and other CS programs launch directly from Practice CS. Against that, pricing is quote only, workflow costs extra, and it offers far less client-facing collaboration than the portal-first tools ranked above.

Who it is for

Firms that use UltraTax CS and Accounting CS and want time, billing and profitability tracking in the same suite.

Price

See vendor pricing (USD check pending): pricing is quoted on request.

US price check pending. See the vendor pricing page.

Key features

• Time and billing with tracking of billable time and work costs
• Customizable dashboards with live firm, staff and client status
• Electronic invoices, online bill posting and credit card payments
• Flexible reporting with custom formatting
• Add-on Project Management and Staff Management modules

Strengths and weaknesses

• Strength: Launches UltraTax CS, Accounting CS and other CS programs directly
• Strength: Scales from small to large firms and lets you implement only the features you need
• Strength: Detailed profitability reporting by service
• Weakness: No published price; contact sales for a quote
• Weakness: Project and staff management are separate add-on modules
• Weakness: Less client-facing than portal-first tools such as TaxDome or Canopy

Key facts

• Pricing: Quote on request
• Add-on modules: Project Management, Staff Management
• Suite integration: UltraTax CS, Accounting CS and other CS Professional Suite programs
• Payments: Credit card payments on electronic invoices

Where it ranks

Thomson Reuters Practice CS is No. 10 in our Best Practice Management Software for Accountants verdict.