Thomson Reuters Tax and Accounting (Canada) delivers award-winning practice management system for Canadian tax professionals.

MONTREAL, July 24, 2014 /CNW/ -- Thomson Reuters Tax and Accounting Canada, formerly Dr Tax Software, one of Canada's leading developers of tax compliance and workflow software for tax and accounting professionals, announces the release of DT Practice, a comprehensive practice management software system helping manage and optimize all aspects of the busy accounting firm.

DT Practice is built upon the award-winning Practice CS platform. Practice CS received a 4.75/5 rating from CPA Practice Advisor in 2014 and Technology Innovation Awards in 2007 and 2010.

DT Practice is now available in Canada and integrates with the solutions found in the DT Professional Suite.

DT Practice is the hub of the DT Professional Suite and the central system for managing firm operations and productivity. A market proven solution, DT Practice is a flexible, customizable system that handles basic time and billing needs as well as a firm's most complex practice management tasks. It is designed to help Canadian firms operate the entire practice with real-time access to essential firm, staff, and client information to ensure peak productivity.

By combining state-of-the-art technology (including Microsoft .Net and SQL Server, seamless integration with the DT Professional Suite and Microsoft® Outlook®, paperless processing, and web-based tools) with firm management modules (including Project Management, Client Management, and Staff Management), DT Practice offers insight, convenience, and workflow efficiency.

DT Practice is the only Canadian product of its kind to be made available in both English and French.

DT Practice management sits at the center of the firm operations by offering firm, staff, and client dashboards with real-time up-to-the-second data on firm operations, staff projects, and client status—all in one place -- making it easy for firms to decide on critical operational and financial questions based on real-time key performance indicators.

Over and above full time and billing functionality, DT Practice features the following modules:

  • Project Management to track project due dates, monitor staff availability, capture billable time, monitor staff performance, and maintain a close watch on operational efficiencies.
  • Client Management that synchronizes client contact information, records notes of every client interaction and automatically tracks time on phone calls. This module can generate virtually any report grouped by referral source, and displays all interactions by client, contact, or staff member.
  • Staff Management provides extensive benefits tracking, staff utilization, and resource scheduling.

DT Practice also offers on-the go access to Firm data for iPhones®, iPads®, and Android™ devices. The DT Mobile™ app provides safe access to the data needed to make every day decisions about the running of the firm.

With DT Mobile, practitioners and managing partners can stay connected and know the firm is running at full speed at all times. By giving fingertip-access to all DT Practice data including staffing, client, WIP and A/R information wherever from anywhere, DT Mobile provides a myriad of powerful features like the ability to see if there is a client located nearby or to enter billable time on-the-go.

The DT Professional Suite

DT Practice is the hub of the DT Professional Suite and is fully integrated with DT Max compliance software products for personal (T1), corporate (T2), Trust (T3 and Partnership (T5013) returns as well as with DT FileCabinet, the paperless document management system. Also fully-integrated in the Suite is DT Client Portal which provides a secure, private channel for the safe and instant exchange of files between the firm and its clients. The Suite also includes DT Web Builder, a service which creates and hosts affordable websites designed for tax and accounting professionals.

For more information on the DT Professional Suite and DT Practice please visit www.dtmax.ca.

About Thomson Reuters 

Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs approximately 60,000 people and operates in over 100 countries. For more information, visit www.ThomsonReuters.com.

SOURCE Thomson Reuters Tax and Accounting Canada

For further information: Joanne Birtch, Senior Director - Marketing and Business Development, Thomson Reuters, 514 359-8210, http://www.dtmax.ca, http://www.ThomsonReuters.com