Consistently and Effortlessly Enter Time

The next generation of ProSystem fx Practice will foster productivity by helping you monitor day-to-day firm activity and your employee's efficiency with the help of powerful features.

 

With ProSystem fx Practice you can effortlessly:

• Monitor unreleased and posted time, keeping them updated and informed of status.
• Analyze productivity ratios, allowing them to easily control their own workflow.
• Track billable and non-billable hours, informing them of which tasks are most valuable.

 

Research shows that clients respond to invoices faster when the invoice is received right after the job is completed. With the next generation of ProSystem fx Practice, a user can prepare and send a client invoice immediately upon completion of a project. Billing online increases efficiency by reducing the time normally spent on the billing process.

Leveraging the next generation of ProSystem fx Practice results in a smooth flow of billing and invoicing by allowing users to:

• Bill groups of clients simultaneously instead of billing them on a one-to-one basis.
• Post multiple invoices for one client for greater efficiency.
• Create and apply progress bills with a feature that has been expanded to allow these bills to go across engagements and projects.

 

The next generation of Practice also has Accounts Receivable, as well as many standard reports that are easily customizable and a Reports Wizard that is based on MS Sequel Reporting Services. Because ProSystem fx Practice is embedded throughout the ProSystem fx Suite, firms can easily update time and billing information and access reports -- anytime, anywhere -- for even greater efficiency gains. 

 

The next generation of Practice is stronger and more effective, with the powerful new integration with ProSystem fx Workstream, that allows you and your employees to:

 

• Effortlessly collect time and create project approvals. Set up a review process for employee managers, enter estimated time remaining on projects, use a designated input field for work location that captures information for sales tax reporting, enter reasons for overriding a standard rate, or view CPE tracking and historic bank hour entries.

 

• Bill and create invoices by project. Select to organize your WIP by project, select your WIP records to bill, select your invoice template, print your invoice and go through your review process.

 

• Streamline setup processes. Add client and employee information easier, faster and with minimal effort. New customization features allow firms to determine the structure of client managers and create their own preferences for the manager labels.