taxcalc

Firm size

  • Small
  • Medium
  • Large

Integration

TaxCalc, CoHo, QBO, Xero, FreeAgent

Templates

Abridged, Accountant, FRS 102 1A, FRS 105, LLP, Partnership, Sole trader

Functionality

Adjust, Audit, Drill, Import, Journal, Submit, Tag, Validate

Pricing

From £122/year (12 clients) - £545/year (unlimited clients)

User reviews

4.8
(346 user ratings)
Our trusted reviews are independent, first hand opinions taken from the UK's largest survey of business software users. These ratings are used to decide the Software Excellence Awards from the Accounting Excellence 2018 programme

Key Features

  • Integrates with core client data in TaxCalc Client Hub and exports results into TaxCalc Tax Return Production module
  • Wizard helps import trial balances via CSV from a variety of bookkeeping systems
  • Simple batch posting with interactive editing of onscreen accounts
  • Spreadsheet-like posting window supports account lookups, modification of account titles, narrative and working paper references
  • Disclosure notes carried forward from previous period
  • Outputs lead schedules, single/multi-year trial balances with variance analysis and audit trail, among other reports
  • Check & Finish routine examines postings and disclosures to ensure corroboration and consistency within the financial statements
  • Disclosure error report includes hyperlinks that take the user to the problem disclosure for swift corrections
  • Drill down to postings directly from an audit trail, nominal ledger and trial balance
  • Windows-based application allows multiple years and clients to be open at the same time

Product screenshots

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What TaxCalc says

TaxCalc Accounts Production caters for a wide variety of formats for Sole Trader, Partnership, Limited Liability Partnership and Limited Company clients, perfect for accountancy practices who specialise in preparing small and micro entity accounts.

Utilising a simple and straightforward data entry and reporting workflow, backed up by innovative SimpleStep and Check & Finish processes, accounts are prepared quickly and efficiently. Seamless integration with Tax Return Production provides the ideal start to the preparation of a return.

Integration with a variety of online accounting solutions including both Xero and QuickBooks Online is included by default with CSV import for all other packages taking the monotony out of data entry.  Our approach to iXBRL means absolutely no manual tagging of Limited company and LLP accounts which can be electronically filed directly to Companies House in just a few clicks saving valuable time and frustrations.

What users say about TaxCalc Accounts Production

Read user reviews

    Pros

  • Great for small practices
  • User friendly
  • Cost effective solution
  • Good support

    Things you might change

  • It should provide more options to edit the accounts pages
  • Not suitable for charities accounts
  • The price structure could be improved
  • It could be easier to upload trial balances from other bookkeeping software

Functionality

4.8

    Pros

  • Ease of communication with Companies House
  • Integration to tax module as well as Xero
  • Integrates well with tax software

    Things you might change

  • Should have an option to edit the financial statements and disclosure headings
  • It can’t produce charity accounts
  • Updates to new legislation take some time

Support

4.8

    Pros

  • Excellent support
  • Helpdesk is accessible and helpful

    Things you might change

  • Online training videos would be helpful
  • Telephone support was better than the new process of raising a ticket

Ease of use

4.7

    Pros

  • Intuitive to use
  • Easy to amend entries
  • Easy to file to HMRC and Companies House

    Things you might change

  • Client hub input fields could be more user friendly
  • The covering letter to clients functionality could be simpler
  • It could be easier to upload trial balances from different bookkeeping packages

Value for money

4.7

    Pros

  • Affordable for small practices

    Things you might change

  • The price structure could be improved. Why have a limit on the number of accounts you can produce?
  • Monthly payments would be nice

What AccountingWEB says

A multiple Accounting Excellence software award winner in tax, accounts and practice management categories in previous years, TaxCalc has started to feel the squeeze as smaller practitioners defect to even cheaper cloud alternatives such as Taxfiler and Capium.

One AccountingWEB member characterised TaxCalc as the Ford Fiesta of practice software, while others have praised its speed and ease for accounts production and the smooth integration with the companion TaxCalc tax return module.

TaxCalc has been very canny in how it has approached the challenges of MTD and cloud software, with an online data store that makes it possible to work on desktop client systems in the office, but still access up-to-date records when out and about. This level of internal integration has kept small practice users happy for many years, but the key question now facing TaxCalc is how it will respond to a new generation of practitioners looking to hook up their internal systems to online bookkeeping and reporting tool.

User reviews (46)

About the reviews
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5
Practice Manager, £250k-£499k
11 June, 2018

What do you like?

Ease of use and integration to tax module as well as Xero.

What would you change?

Two way integration with Xero.
5
Less than £250k
11 June, 2018

What do you like?

Their support is excellent.

What would you change?

Updates to new legislation takes some time.
4.8
Sole Practitioner, Less than £250k
8 June, 2018

What do you like?

Ease of communication with Companies House.

What would you change?

Rather hit-and-miss with analysis so needs external (Excel) file to monitor results.
4.5
MD/CEO/General Manager/Director, Less than £250k
7 June, 2018

What do you like?

Ease of use.

What would you change?

Client hub input fields could be more user friendly.
3.5
Sole Practitioner, Less than £250k
7 June, 2018

What do you like?

It's quicker to find Nominal Accounts as I was trained under the old style 4 section Balance Sheet (in the 1960s).

What would you change?

Its price, as it's still too high.

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