Engagement Programs Offer Keys to Efficiency -- How Can You Unlock the Door?

The CPA Technology Advisor
Review of Engagement & Trial Balance Systems
Aug. 2006 Issue
By Tom Davis, CPA
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Trial Balance Features — Creating, grouping and adjusting a trial balance is the cornerstone for creation of the financial statement, tax return and the documents that support these products. Features that make it easy to create, review and edit the trial balance can make a substantial difference in efficiency.

Financial Statement Preparation — In many firms, the creation and formatting of financial statements is almost an art form. The problem with this is that art has a high cost. Systems that have features that promote the standardization and preparation of complete high-quality financial statements offer many firms an opportunity to greatly improve on their current processes in this area.

Engagement Process/Workflow Features — This is the big one. Workflow technology is one of the hottest technology areas in today’s accounting firm. An increased awareness of the benefits and possibilities combined with the critical resource shortages most firms face has firms thinking about how to use technology tools to implement or modify existing processes to increase engagement efficiency.

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