CPA Practice Advisor - 22

REVIEW: TAX DOCUMENT AUTOMATION
Source Document Processing
by Thomson Reuters	
Source Document Processing, available as an add-on
module for Thomson Reuters CS Professional Suite,
offers integration with FileCabinet CS, Workpapers
CS, and UltraTax CS. Not available as a stand-alone
application, Source Document Processing's purpose is
to streamline the tax preparation process by reducing
or eliminating the amount of data entry necessary
when preparing a tax return. Source Document
Processing is a hosted application, available via Virtual
Office CS or as a SaaS application.
Designed to work with other CS Professional Suite
applications, Source Document Processing first teams
up with FileCabinet CS to identify and extract data

2020 OVERALL RATING

https://Tax.thomsonreuters.com
from a variety of source document types, using optical
character recognition (OCR) to accurately identify and
extract data from the documents. Users can opt to
scan documents into Workpapers CS, where they
can also create a specific page sequence that helps
to ensure that all documents are sorted in a consistent
manner.
A great addition for firms already using Thomson
Reuters FileCabinet CS, Workpapers CS, and UltraTax
CS, Source Document Processing is not available as a
stand-alone application. Source Document Processing
reduces the amount of data entry needed by automatically populating data in client tax returns, and

SurePrep 1040SCAN	

www.sureprep.com

SurePrep 1040SCAN is a scanning application that is
best suited for those using other SurePrep applications.
SurePrep 1040SCAN also integrates with numerous
third-party tax preparation applications such as CCH
Axcess Tax, CCH ProSystem fx Tax, GoSystem Tax
RS, Lacerte, and UltraTax CS. SurePrep 1040SCAN
is completely web-based with four plans available:
1040SCAN ORG, 1040SCAN Pro, 1040SCANverify, and
1040SCANverify+.
1040SCAN from SurePrep is currently offered in
four versions: 1040SCAN ORG, which offers source
document organization; 1040SCAN PRO, which is a
scan and populate application, that automatically

2020

bookmarks, organizes, and exports data into tax
software applications. 1040SCAN PRO now includes
Auto-Verification for Native PDFs, which eliminates
the need for human verification. 1040SCANverify
combines software and service, providing verification
of scanned document data prior to exporting to tax
software, and finally, 1040SCANverify+, which offers
non-standard document data organization.
1040SCAN PRO and 1040SCANverify integrate
with CCH Axcess Tax, CCH ProSystem fx Tax,
GoSystem Tax RS, Lacerte, and UltraTax, while
1040SCANverify+ is only available for CCH Axcess
Tax and GoSystem RS users.

CPA Practice Advisor Presents

4.5

Read the full review for
this product online at:

www.CPAPracticeAdvisor.com/
21148618

is a great resource for firms looking to automatically
create client binders.
Source Document Processing can be purchased
on an as-needed basis, or, for those who expect to
use the application frequently, an unlimited version
of the application is available for purchase offering
unlimited scanning, labeling, organizing and source
data entry into UltraTax CS.

5

2020 OVERALL RATING
Read the full review for
this product online at:

www.CPAPracticeAdvisor.com/
21148612

1040SCAN Pricing is based on the number of
returns processed. Those interested in other SurePrep
applications such as TaxCaddy, SPbinder, or Outsource
should contact SurePrep directly for additional
information on each application as well as current
pricing.

Dec. 2 & 3

Register now at
www.ensuringsuccess.com
* A major national conference featuring the accounting profession's
most sought-after speakers and thought leaders
* Attendees watch from their computers - no travel /hotel costs
* Earn the CPE Credits you need at no charge

PUBLIC ACCOUNTING'S
PREMIER ANNUAL LIVE
STREAMING EVENT!

FREE, LIVE, ONLINE, STREAMED CONFERENCE
22

AUGUST 2020 ■

www.CPAPracticeAdvisor.com
https://Tax.thomsonreuters.com http://www.CPAPracticeAdvisor.com/21148618 http://www.sureprep.com http://www.CPAPracticeAdvisor.com/21148612 http://www.ensuringsuccess.com http://www.ensuringsuccess.com http://www.CPAPracticeAdvisor.com
CPA Practice Advisor

Table of Contents for the Digital Edition of CPA Practice Advisor
