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Twinfield fully integrates with CCH Accounts Production

22nd Jun 2012
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CCH UK has announced the full integration of Dutch online accounting pioneer Twinfield with CCH Accounts Production software.

The integrated solution was revealed at the Cumberland Hotel in London yesterday (21 June) at the CCH UK Conference and will be available at the end of the third quarter.

Wolters Kluwer acquired Twinfield back in June last year, which provided the potential to develop collaboration between accountants and their clients with Cloud-based technology.

Paul Brace, CCH UK software product manager, commented on the integration: “Implementing Cloud-based accounting results in significant efficiency gains in processing company records, and from the facility for collaborative working between accounting firms and their clients.

“Integrating the Cloud-based records with the practice’s accounts production system provides the ultimate solution. The practice and business owners can work together on the same data and the visibility of up-to-date financial data allows accountants and their clients to make the best possible decisions.”

The integration of Twinfield is expected to provide a number of enhancements, including:

  • Single, secure sign-on
  • Integrated access to the Twinfield homepage
  • Client records in Twinfield linked to clients in CCH Accounts Production
  • Synchronisation of data: chart of accounts; detailed transactional data from Twinfield to Accounts Production; and adjustments from Accounts Production to Twinfield
  • Drill down from Accounts Production to Trial Balance and transactional data in Twinfield

Rather than converting an existing desktop-based accounting system, Twinfield designed its system specifically to be delivered as an online service.

The CCH conference, called ‘The Future-Ready Firm’, presented a series of keynotes and sessions on how accounting practices can move from commodity-focused compliance to value-added services, including online Cloud-based accounting.

It reviewed the way accounting practices meet economic challenges and exploit future opportunities through automation and workflow, knowledge sharing and mobile working, client profiling and marketing.

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