Accounting CS Reviews & Product Details

Accounting CS Overview

What is Accounting CS?

Accounting CS puts your write-up, trial balance, payroll compliance, and client accounting software on a single platform, creating powerful connections between clients, information, and applications.

Accounting CS Details
Product Description

Accounting CS puts your write-up, trial balance, payroll compliance, and client accounting software on a single platform, creating powerful connections between clients, information, and applications.


Seller Details
Seller
Thomson Reuters
Ownership
NYSE:TRI
Company Website
Year Founded
2008
HQ Location
Toronto, ON
Total Revenue (USD mm)
$5,906
Twitter
@thomsonreuters
158,139 Twitter followers
LinkedIn® Page
www.linkedin.com
45,252 employees on LinkedIn®
Description

We are the leading source of intelligent information for the world’s businesses and professionals, providing customers with competitive advantage.

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Accounting CS Reviews

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Assistant reseach manager
Accounting
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

Accounting CS software is any amazing inventory control system with excellent features such as best dashboards which helps in satisfying accounting management at all time.This software has free demos which gives an insight of accounting and financial regime at all levels. Accounting CS software has a unique user-customer collaboration parlour and this helps to ease communication between users and clients. Also it has excellent customization features and options thus fitting all companies plans to all partners and customers desires globally. In aspects of of integration its flexible and can navigate all traces from all financial and accounting software's.This software is wonderful. Review collected by and hosted on G2.com.

What do you dislike?

To be sincere Accounting CS software has been a game changer and the most accounting management solution within our organization. We are fully satisfied and for the experience of 4 years we have no negative comments or any downfall concerning this platform. The only concern we have is to ask management team to keep updating software's features for efficiency. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

In a nutshell, Accounting CS software is an amazing accounting as well as financial solution and it has really elevated our organization to excellent that's why we recommend this platform entirely. Its amazing. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Our team always suffered predicaments in accounting management, order management, poor inventory control, poor user-customer collaboration as well as poor time tracking system's. For the past 4 years we have been able to solve all these problems completely through Accounting CS software and as a company we say thank you . Review collected by and hosted on G2.com.

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UA
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

I love how simple the program is to use. The payroll is easy to figure out Review collected by and hosted on G2.com.

What do you dislike?

While I usually have good experience with customer service, sometimes it doesn't seem like the reps are very knowledgeable in the field. They know the functions but not how accountants use it. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

For those already using thomson reuters products, definitely use this. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Not necessarily problems but I can serve my clients better by having an efficient software to help me prepare the financial statements Review collected by and hosted on G2.com.

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Client Services Specialist
Education Management
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

It’s so easy to print reports and keep your clients organized in a reliable way. Review collected by and hosted on G2.com.

What do you dislike?

The program moves slower than my quick brain and usually when doing payroll you have a deadline and more to do after so you want the program to keep up with you. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

If you do a lot of payroll you need this program. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Efficiently completing payrolls for multiple clients with fewer errors. Storing information from past payrolls is incredibly helpful when you need to go back and refer to something. Review collected by and hosted on G2.com.

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UA
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

Dashboard is easy to use with good access to most functions used in the software, being able to set up custom report profile is nice so you don't have to re-create them every time. Review collected by and hosted on G2.com.

What do you dislike?

Setting up custom reports and new accounts can be difficult and time consuming, some of the functionality and transitions seem to be a little outdated. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Able to manage a large basis of clients easily. Review collected by and hosted on G2.com.

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AA
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

I love that all of our client information is in one place. Review collected by and hosted on G2.com.

What do you dislike?

a lot of errors and shut downs. Just beware of the issues. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Make sure you are aware of the program issues. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Accounting Cs does have a lot of issues with the system freezing and shutting down. Review collected by and hosted on G2.com.

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Accountant
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

Accounting CS works great for small business bookkeeping, accounting, and payroll. The software is designed to integrate with other types of software that are specifically designed for accountants. The software offers standard accounting/financial functionality as well as cash management capability. The bank reconciliation with bank feeds is a nice feature that allows the user to import bank statements directly into the software to reconcile. Review collected by and hosted on G2.com.

What do you dislike?

Accounting CS does not offer multi-currency capability. The software also lags a bit when handling clients with a large amount of data. From the transition of the old software to this new software, several reports that our firm used were lost and had to be recreated by staff at the firm (who are not ACS smarties). The report designer requires each cell to be formatted individually which creates a longer time to develop financial statements and reports. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

I recommend for CPA firms, but be prepared for lagging and slower processing. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

This software integrates with other Thomson Reuters products which allows easy transportation of data. Review collected by and hosted on G2.com.

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Financial Analyst
Telecommunications
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

Easy to navigate between clients and engagements. Drop downs were nice and customizable. Easy to link between other software platforms. Review collected by and hosted on G2.com.

What do you dislike?

Often had issues with screen freezing if trying to save a large file in engagement. Would often have to have IT back up the files in order to insure all items were saved. Not sure if that was an ACS issue or out network. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

N/A Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Organization with client engagements. One central point of management for all employees. Review collected by and hosted on G2.com.

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Manager
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

File preview, integrates with other Thomson Reuters products, multiple functionalities Review collected by and hosted on G2.com.

What do you dislike?

Slow, crashes all of the time, poor customer support, very hard to get work done Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

We use Accounting CS primarily for tax services. This is an easy way to keep client documents organized and we do feel that it works (minus the crashing) fairly well for this. However, we used it for attest engagements in the past and have since switched those engagements to CCH as it is a more stable platform. Review collected by and hosted on G2.com.

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UA
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

complete software package, integrates grate with Thompson's Ultra Tax and Electronic File Cabinets.

I like that you can post to various monthly periods, an improvement over their predecessor Creative Solutions Accounting program. We just installed the program and I'm learning all the ins and outs, but so far I think its better than the older program. Review collected by and hosted on G2.com.

What do you dislike?

right now the only dislike I have is that the tab order when entering Journal entries was changed over the previous program so I'm constantly having to watch what I'm entering instead of automatically keying the information (for example the older program you would enter account number, amount, description and this program you are entering account number, description, amount) understand it's just a matter of getting used to adding the extra tab but it will be a pain until I get used to the new ordering. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

I recommend for CPA firms, haven't had any experience on the client level, not sure that it is suitable for non accountants. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

haven't really realized any bendfits yet as we are just getting started. but the seamless integration with out tax software and our electronic file cabinet are very beneficial. Review collected by and hosted on G2.com.

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Financial Advisor
Financial Services
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

Easy conversion from Creative Solutions (previous version of software). Very knowledgable staff if any issues or concerns arise. User friendly and offer frequent updates to fix issues and glitches with the software. Review collected by and hosted on G2.com.

What do you dislike?

The program itself is a tremendous file which takes up a significant amount of storage on your hard drive. The program itself isn't extremely costly when comprared to other accounting software, however that is for the basic package. If a user would like cloud based service it will cost significantly more. It is a challenge to backup and restore clients and/or databases amongst multiple computers. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

I would highly recommend this software if you are looking for a user-friendly accounting software that will take your accounting practice to the next level. If you are trying to expand your accounting practice this is the software you are looking for. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Allows more transparency with my clients. I am able to interact with my clients and have them view documents and information regarding their business through this software. The frequent updates allow me to stay on top of updates regarding tax with holding changes and tax documents/forms updates. Review collected by and hosted on G2.com.

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Accountant
Accounting
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

I like how easy it is to navigate around Accounting CS. The different tabs are perfect and the same information can be accessed on the top toolbar. Review collected by and hosted on G2.com.

What do you dislike?

The thing I dislike the most is the integration between the trial balance view and the accounts payable information. When you click on the payment amount from the trial balance, it almost never takes you directly to that AP entry. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

It’s nice how all the TR programs work together. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Using Accounting CS has allowed us to combine the business portion and the client access. Review collected by and hosted on G2.com.

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UA
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

It is easy to use and works well with our other products. They have a whole suite so we use the tax software in conjunction with the trial balance and fixed asset software. Review collected by and hosted on G2.com.

What do you dislike?

The tax software is not the easiest I have ever used. It definitely takes some training and getting used to. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Preparing tax returns, creating depreciation schedules, and creating trial balance. Review collected by and hosted on G2.com.

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AA
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Organic
What do you like best?

Nothing. Nothing but broken promises from Accounting CS Review collected by and hosted on G2.com.

What do you dislike?

Slow, dishonest sales dept, awful support, inaccurate, bulky, Thompson Reuters could care less about there customers. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Do not use it you can avoid it. The sales staff straight out lied to us when selling us this program. Supoort is just awful, very uniformed. Support never gets to to when they cannot solve a problem. The wait times are horrendous. For support if you do wait to wait, there is a message that says they will get back to you with 24 hours. They have never get back to you. Program is very cumbersome and builky . Slow, slow, slow Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

none Review collected by and hosted on G2.com.

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UA
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

Easy and fast for data entries. They have different setups for different people's preferences. Very convenient. And the support team is also very helpful. Review collected by and hosted on G2.com.

What do you dislike?

The updates are sometimes too slow when there are problems happen to the software. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Good software for accounting professionals. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

We use Accounting CS to do financial and other accounting reports for clients. It can help us create almost all the reports we need for our clients. Review collected by and hosted on G2.com.

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UA
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

The software incorporates workpapers for audits and reviews. This allows you to open up Workpaper CS and have the financial statements and workpapers up at the same time. This is the best difference on the update from Accounting CS to Creative Solutions Accounting. Most of the other features such as leadsheet codes and reports seem to be very similar. Review collected by and hosted on G2.com.

What do you dislike?

Since all of the clients for the company are on this Accounting CS it seems to get slower and slower. When clicking on tabs it takes a couple seconds to load. Not a huge deal but if I had to give a dislike this would be it. However this can also get quicker depending on if your on servers, the cloud, etc. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Set up correctly and it will make your life a lot easier Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

I mostly deal with the trial balance portion for financial statement audits. Review collected by and hosted on G2.com.

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UA
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Organic
What do you like best?

It does transfer amounts into Ultratax. Review collected by and hosted on G2.com.

What do you dislike?

This is the most unwieldy software to work with - especially the financial statements. You have to format cell by cell - not to a row or a column because it will apply whatever the format is in the top cell (dollar sign, sign change, for example) to every single cell, not just the change to the alignment (for example). Changing formulas, or accounts that link into it is a similarly time consuming and frustrating task. Most people in our office just override the formulas and don't worry that the amounts and words in the financial statements do not line up. We are too busy during tax season to spend an hour making a financial statement look presentable.

By 12/31/17 we will no longer be able to even use Creative Solutions Accounting, which wasn't perfect, but a lot better than Accounting CS. I guess we will just have to bill the client more, or I will use Excel for the financial statements until my firm decides to switch accounting software companies.

Review collected by and hosted on G2.com.

Recommendations to others considering the product:

If you mainly use the trial balance and financial statement software to produce financial statements for many companies, look around more. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

None. Review collected by and hosted on G2.com.

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Business Owner
Accounting
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

Only the payroll function. I only use these for payroll and financial statements. Payroll is decent. Review collected by and hosted on G2.com.

What do you dislike?

Everything besides payroll. Transferring my clients from CSA is impossible for financial statements. Then Thomson Reuters has the nerve to charge $275.00 to fix the conversion process. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Do not use if you are transferring financial statements. I would rather call Intuit. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

They have not solved any of my problems. Thomson Reuters is too big for small firms. You need to speak with thirty different people to solve one problem. Review collected by and hosted on G2.com.

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UA
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

We utilize a lot of thomson reuters products for our CPA firm and Accounting CS makes it easy to import to UltraTax CS Review collected by and hosted on G2.com.

What do you dislike?

Our firm just made the switch as Creative Solutions Accounting expired and this is a replacement. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Highly recommend for CPA firms that utilize thomson reuters products. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

When completing a tax return it has saved us a lot of time with the automatic import of the trial balance. Review collected by and hosted on G2.com.

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UA
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

The software allows the integration of various aspects of company accounting; including payroll, accounts receivable, accounts payable, etc. Review collected by and hosted on G2.com.

What do you dislike?

Designing various reports and financial statements is very technical, and the help and how to is not always very helpful. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

This software has allowed our firm to streamline the process of entering client financial data from various accounting products. Review collected by and hosted on G2.com.

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IT Systems Engineer
Retail
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

Mostly liked the ease of install and central managed Server with MS SQL Server DB options. Product is a major upgrade from previous version where we did not have the option for SQL. Central location for a file repository make administration much easier. Review collected by and hosted on G2.com.

What do you dislike?

With where we were coming from there was not too much to dislike. Usability could still use a little improvement but I can tell with this product improvements they are heading down the correct path. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

As always try it out and make sure it fits your needs! Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

This is our multi-org Accounting Software used by the staff for all Accounting Functionality . There was an easy transition working with the vendor between our previous software. Review collected by and hosted on G2.com.

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UA
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

The best feature is the ability for more that one person to be in a client at the same time. Review collected by and hosted on G2.com.

What do you dislike?

I dislike the time it takes to post transactions. It takes a long time to refresh the page to be able to post another one. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Find and go through a training seminar with everyone who will be using the program. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

It makes it easy to have bookkeeping, payroll and financial statements all in one program. Review collected by and hosted on G2.com.

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UA
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Organic
What do you like best?

The payroll features work well, multiple users can access a single account at one time. Review collected by and hosted on G2.com.

What do you dislike?

Accounts receivable and accounts payable are a nightmare to work with. The AP and AR functions require multiple unintuitive and confusing steps, and it's very difficult for clients to figure them out and remember how to use them correctly. If the setup with AP and AR isn't done right, getting everything corrected can take days after you or the client has started booking transactions. AP aging schedules regularly don't tie to the balance sheet, even when transactions are booked right, and support actually recommend we make adjusting journal entries to fix the problem because it would be too complicated to fix otherwise.

The invoice functionality for A/R is very lacking. Invoices have strict character limitations, making it nearly impossible to enter detailed invoices. Invoices must have a quantity listed for each item, it's impossible to just list a couple items with no quantity. We actually had a potential client who decided against working with our CPA firm (we try to get all of our clients on Accounting CS) because they didn't like the invoice features.

The software is slow and laggy, whether navigating between screens or printing reports. It can take several minutes to push out a standard monthly accounting package consisting of GL, income statement, balance sheet, and bank reconciliation for a medium sized client. Booking transactions is slow and laggy, and it's a huge nuisance if you aren't importing transactions from an Excel spreadsheet or from a Quicken file from a bank website.

If Thomson Reuters could fix the speed issues with this product and fix AP and AR, I think it would be a decent choice for small businesses and accounting firms. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Based on my experience with other products, the desktop version of Quickbooks is probably a better choice. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

We use accounting CS for client bookkeeping. We do all the bookkeeping for some clients, while other clients handle some of the bookkeeping themselves. Review collected by and hosted on G2.com.

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