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- Accounting and Tax Firm PSA
- Who it's for
- Tax practices
Tax practices
A tax practice needs to see which client commitments are approaching their due dates and which completed work is ready for billing. Put the annual assignment in its own engagement, then attach filing deliverables with their owners, amounts and delivery summaries. Engagement Manager can review the work in context while Billing Specialist follows the resulting charge.
How Accounting and Tax Firm PSA is set up for you
Annual engagement ownership
Keep the client relationship with Partner and the delivery assignment with Engagement Manager. An existing client may have several kinds of work underway. A clear engagement name and date range help Staff Accountant choose the correct assignment when recording preparation time.
Filing commitments
Use the deliverable due date and owner to organize the review conversation. Move completed preparation to Submitted and record approval before the invoice step. Agree which documents from the tax system support the contractual decision and where the reviewer can open them.
Fee follow-up
Review approved deliverables that still need invoicing, then follow overdue or disputed payments using their invoice references. A client may pay after the preparation work is complete. Keep the collection visible through that handoff so the manager can answer questions about the charge.
A tax practice needs to see which client commitments are approaching their due dates and which completed work is ready for billing. Put the annual assignment in its own engagement, then attach filing deliverables with their owners, amounts and delivery summaries. Engagement Manager can review the work in context while Billing Specialist follows the resulting charge.
Begin with a small set of annual return engagements handled by the same manager. Bring the engagement letters, agreed fees and current due dates. Choose a deliverable that can be followed from preparation through approval to a confirmed payment. Include an approved item with a missing amount to rehearse the failed invoice check.
Use the firm's tax preparation and electronic filing system as a connection to set up for supporting evidence. Agree what constitutes completion of the promised work before configuring the review. After the pilot, ask Billing Specialist to trace a received payment back to the deliverable and client, and ask Partner to explain the engagement's delivery cost and billed value.
Features to start with
Filing deliverables
Track contractual filing deadlines and approve delivery evidence before invoicing.
Clients and engagements
Agree client ownership, engagement dates and the fee before staff begin delivery.
Time and expenses
Capture dated effort and engagement expenses, then review them with supporting evidence.
Roles on the team
- Admin
- Configures access and practice records, with business approval authority assigned separately.
- Partner
- Owns client relationships and reviews engagement economics across the agreed practice scope.
- Engagement Manager
- Owns engagement delivery and approves filing deliverables, staff time and expenses within the agreed scope.
- Staff Accountant
- Records assigned client work and prepares delivery evidence for review.
- Billing Specialist
- Runs approved filing deliverable billing and records collections with supporting references.
Set up Accounting and Tax Firm PSA your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.