ProSystem fx Suite

4.1
(46)

ProSystem fx Suite is an integrated tax and accounting solution that allows you to organize and streamline your tax, accounting and workflow.

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ProSystem fx Suite review by Karrey W.
Karrey W.
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Verified Current User
Review Source

"Difficult for what we try to use it for"

What do you like best?

What I like best about ProSystem fx Suite is the organization level. Everything is relatively easy to find and some of the details are easy to work with. Some of the reports are really easy to use and run and others can be difficult.

What do you dislike?

What I dislike about ProSystem fx Suite is the fact that it is difficult to use for taxed items and merchandise that we sell to our clients. I do realize that its not necessarily intended to be used that way but for us, we do as well as time entries. There needs to be a few extra features for customization of reports to be run. We need invoice reference information to be tied back to the original order and there are very few ways to actually access that information, much less run reports about it.

Recommendations to others considering the product

if you are looking for something to assist in billing merchandise, make sure that you have all the features you need of this product.

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

We have solved a few business problems in regards to billing and receivables with ProSystem fx Suite.

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ProSystem fx Suite review by Daniel A.
Daniel A.
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Verified Current User
Review Source

"Useful tool for any size accounting practice"

What do you like best?

I've used Profx in multiple firms that I've worked at. I think it's a great organizational tool, and can eliminate paper filing systems all together. I like being able to keep workpapers and a paper trail with engagement.

What do you dislike?

I can't say there is anything I really dislike about it. Sometimes the user options can be a little confusing.

Recommendations to others considering the product

I don't believe that there are any other software packages that allow you to do what you can do in Profx. I also really love the customer support they have.

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

I think Profx really solves the need to go paperless and keep a solid filing system of client documents. We barely have any filing cabinets anymore.

What Accounting solution do you use?

Thanks for letting us know!
ProSystem fx Suite review by Sharjeel A.
Sharjeel A.
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Verified Current User
Review Source

"ProSystem fx Engagement - By far one of the best audit documentation software"

What do you like best?

Very smooth, check in - check out features are great. Trial balance functionality is very good. Audit trail functionality is good too. Auto sync on exit is a good feature that force it to sync each time binder is closed.

What do you dislike?

While working remotely, syncing speeds are bit lower. It is also not cloud based yet and it's recommended that they consider moving this to could without losing any current functionality.

Recommendations to others considering the product

I find it one of the best software for audit documentation, highly recommended for this purpose.

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

We use ProSystem fx Engagement for our paper less audit documentation.

ProSystem fx Suite review by User in Accounting
User in Accounting
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Verified Current User
Review Source

"Great product, but not intuitive"

What do you like best?

I love how simple it is to navigate, but only once you're plenty used to the actual product and have experience using it. The prosystem tax software is a great product and extremely in depth to use. It generates well on command and lets you utilize functions that aren't available in other office suite softwares.

What do you dislike?

I dislike the bulky nature of the product. This bulkiness attributes to the speed at which it runs when you are not hardwired into a network. Not that I feel as though the wifi in my office is slow, it just takes a decent amount of time to boot-up and start which leads to it crashing multiple times during a work day.

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

I am solving business problems that include internal communication, tax interface software, time entry management, file storage database, etc. I think our company has mitigated some problems that similar sized companies face when using this product due to its in-depth file storing nature. Its simple to use and easy to teach - its just that we can be inhibited by the learning curve of the intricacies of the product.

ProSystem fx Suite review by User in Venture Capital & Private Equity
User in Venture Capital & Private Equity
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"One of the best softwares for tax compliance"

What do you like best?

It is easy to use and navigate the software. The state information flows directly from federal. All the mailing information can be printed along with the return. There are instructions on what is required at each form and where to input the information is easily available. The penalties and interest is calculated automatically.

What do you dislike?

Not able to import excel sheets for depreciation and 5471's. Sometimes it is difficult to understand where you need to input the values. The help icon sometimes doesn't assists you in determining where you need to input information. In these situations sometimes you need to override the system and input the data directly on the form. Sometimes the software will not open and you need to restart the computer to start the software. You are not able to e-file the returns. There should be e-payment option and can directly take you on the e-payment platform.

Recommendations to others considering the product

It is a great software for tax compliance. The customer service is great but gets busy during the busy seasons. The software is inexpensive. Sometimes the budget changes are implemented late and can delay the process to file the returns.

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

I am not able to import data for 5471 and depreciation. There must be some function where the software can read from the PDF forms and import the data automatically. This will save lot of time and we don't need to input data. When I try to print the 5471's all the statements are printed in the end and it is difficult to understand which statement are for which 5471's. All the statements should be printed after each 5471.

ProSystem fx Suite review by User in Accounting
User in Accounting
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Verified Current User
Review Source

"Great Tax & Audit Preparation Software"

What do you like best?

The ProSystem fx Suite works great especially for businesses who deal with a complex client base. The programs easily communicate with each other for quick and efficient preparation. Prosystems fx Engagement and Prosystems fx Tax work seamlessly together.

What do you dislike?

The only thing to dislike here is the cost for small businesses. For businesses with small and uncomplicated client bases, it is not ideal.

Recommendations to others considering the product

Great software for multi-state tax returns.

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

I mainly prepare tax returns using the Prosystem fx Suite. The software is excellent for handing large multi-state partnership and corporation tax returns. It is much better than other software I have used when it comes to the flow-through of K-1's with multiple states. If you can afford the software, I highly recommend it for businesses who have a client base with complicated needs.

ProSystem fx Suite review by Marcus N.
Marcus N.
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Verified Current User
Review Source

"Great software, but takes some time to get used to"

What do you like best?

The entire suite can function together. After importing a client's fixed asset information, I can utilize the fixed asset information both in engagement and in tax applications to complete a tax return and an audit or compilation with the same information.

What do you dislike?

The audit software, Engagement, is not as user friendly as it could be. You can link workpapers, but it is time consuming and a two-way hyperlink is not available. Other audit software I have used has been easier to work with as far as setting up audit plans and linking workpapers to the plan.

Recommendations to others considering the product

It is great software after you get used to it.

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

It is excellent for tracking my time between clients. It has made my transition into detailed time keeping by client very easy.

ProSystem fx Suite review by Amber W.
Amber W.
Validated Reviewer
Review Source

"Reliable, efficient, and effective"

What do you like best?

ProSystem software does exactly what you expect it to. The way they set-up their binders to work is logical, and most of the functionality within the system is very intuitive and easy to figure out.

What do you dislike?

I'm not sure whether it was due to my companies network and wifi issues, or whether it was a software issue, but we had a lot of problems with syncing binders and having them truly sync. There were times we would lose significant amounts of work due to this issue.

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

In public accounting the choices are fairly limited for reliable software with a trusted name. this solved that issue for us.

ProSystem fx Suite review by Tyler K.
Tyler K.
Validated Reviewer
Review Source

"A sweet sweet ProSystem Suite"

What do you like best?

The software provides for easy interface for multiple users on a project. Additionally, if I have ever have issues the customer service has been very hands on and helpful.

What do you dislike?

At times certain updates have changed certain features of using excel within the software.

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

ProSystem solves the project management problem as it consolidates all of the work for a give project into one database/interface. I have realized that after several years of using the software, I am still learning new features within the software that make my job easier.

ProSystem fx Suite review by User
User
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Verified Current User
Review Source

"Robust software requires a little getting used to"

What do you like best?

This integrated software is robust in its capabilities, calculations and import/export integrations within the suite.

What do you dislike?

It is less than user friendly but with a little getting used to, it is more of a power house than programs with a nicer user interface but limited abilities.

Recommendations to others considering the product

Go for it. Industry standard for medium to large firms.

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

Preparing reviews, compilations and tax returns for complex multi-state clients. I have faith in the security and computations of the software across the platform.

ProSystem fx Suite review by User in Accounting
User in Accounting
Validated Reviewer
Review Source

"Prosystems audit soft"

What do you like best?

The ability to store, share and manage very large files, documents, and data on a shared network which can be accessed remotely by any user that is authorized to use the internal network.

What do you dislike?

The software limits users from being able to modify or edit documents that are "checked out" by another user until that user physically "checks in" the file from their PC.

Recommendations to others considering the product

I used pro systems FX for approximately 3 years. I didn't see many changes to the platform during that type. There are a lot of small improvements that could be made to enhance the user-friendly aspects of the software.

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

Efficiency of audits, improvements in time-management of employees, ability to share files without having to store them on an external drive or USB.

ProSystem fx Suite review by User in Retail
User in Retail
Validated Reviewer
Review Source

"Review of Prosystem FX"

What do you like best?

I like that when you print a tax return to PDF, Prosystem FX organizes the bookmarks. I also like that you can now print e-file attachments with the tax return, which is a huge timesaver from a tax processing standpoint. Prosystem FX has also had superior customer service, in my opinion. Always very responsive and always solve problems, especially involving e-file.

What do you dislike?

I dislike the way that consolidated returns are handled, and that there always seem to be issues with getting them qualified for electronic filing and transmitted successfully. I handle a lot of consolidated returns and there are constant issues due to the fact that clients have the same ID and file on different levels (i.e. some file at consolidated level and some file at the federal level). The way that the client structures are set up in FX does not allow this to be done seamlessly.

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

Prosystem FX significantly reduces the amount of time it takes to prepare a tax return and it functions well with other products that we use such as SurePrep. The benefits we have realized are an ability to take on more clients and prepare more returns since preparing returns takes less time when using FX.

ProSystem fx Suite review by User in Accounting
User in Accounting
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"Makes my work organized"

What do you like best?

I like that I am able to sync binders and check in and out work papers. It's easy to write notes and clear them too. It keeps each engagement organized. I also love that it automatically saves my work!

What do you dislike?

I don't like how the application can lag, especially when my wifi isn't strong. Sometimes it takes a while to save or sync.

Recommendations to others considering the product

Once you get the hang of it, it becomes very easy and efficient to use

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

This application helps me to work with a team, because we all sync the same binder and work on it at the same time. It makes feedback easier to receive and give.

ProSystem fx Suite review by Elizabeth B.
Elizabeth B.
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Verified Current User
Review Source

"Good, but could be more user friendly"

What do you like best?

The security of the software is fairly decent.

What do you dislike?

The software could be more intuitive and user friendly.

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

Client portal access possibilities have helped out with our clientele.

ProSystem fx Suite review by User in Accounting
User in Accounting
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"Works well as a single solution"

What do you like best?

The one good thing about using the suite of ProFx products is that if you get all the products they have import/export functions that integrate and make it easy to transfer information.

What do you dislike?

The depreciation software as part of the suite is horrible, but good depreciation software doesn't exist so you do have to pick your poison. The tax software integrated with the Document software is what is really useful.

Recommendations to others considering the product

The tax software is the best, however keep shopping around for other functions if there are cheaper options.

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

Fast export and import to and from softwares within the suite, higher efficiency in administrative processes and higher ability to be paperless.

ProSystem fx Suite review by Tyler C.
Tyler C.
Validated Reviewer
Review Source

"The Gold Standard for Tax"

What do you like best?

This software was fantastic. I used it for a tax internship and really mastered all of its uses. Highly recommend more forms switch to this.

What do you dislike?

N/A. If there would be anything it would updating the software more often to reflect market changes.

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

Efficiently and accurately doing individual and business tax returns and trusts using ProSystems.

ProSystem fx Suite review by User in Banking
User in Banking
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Verified Current User
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"Easy to use"

What do you like best?

You can use interview view and worksheet view for different types of return. You can file individual, business, trust and non profit return in the same software.

What do you dislike?

Can be more user-friendly. You have to remember all the Schudule locates in the interview view.

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

I am just a user and no benefit for me

ProSystem fx Suite review by Administrator in Accounting
Administrator in Accounting
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Verified Current User
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"Prosystes Review"

What do you like best?

Customer Service is great - the programs interlink together and work well independently

What do you dislike?

there are some features in billing that could be improved upon in regard to multi engagement invoicing and retainers

Recommendations to others considering the product

Research the massive setup it needs and plan alot of time to get everything coordinated as you want it - especially the client list

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

It has been a better Practice Management system than others we have used Much easier to have all in one place versus multiple

ProSystem fx Suite review by User in Accounting
User in Accounting
Validated Reviewer
Verified Current User
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"Great choice for midsize firms"

What do you like best?

The software makes it super easy to organize our audit work papers and stay up to date on progress.

What do you dislike?

The lack of compatibility with PPC Checkpoint template documents. Protects excel sheets sometimes when creating trial balance reports. This is extremely annoying

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

Organization and documentation of audit work papers

ProSystem fx Suite review by User in Accounting
User in Accounting
Validated Reviewer
Review Source

"Great software for accounting firms"

What do you like best?

Integration between tax software and engagement makes moving from an audit to a tax return simple. Rollfoward, organizers, and other conveniences in the software are easy to use and setup.

What do you dislike?

Fixed Asset program can be very slow. If not setup on network properly, the entire system may be slow.

Recommendations to others considering the product

Take the time to setup things well on the front end - it will make the world of difference later, especially with tax scanning.

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

We use ProSystems to complete tax return filings for individuals and businesses each year.

ProSystem fx Suite review by User in Accounting
User in Accounting
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Review Source

"Integration with all Prosystem features is great! "

What do you like best?

I loved using the prosystem suite. We recently switched to Lacerte and intuit and I don’t like it nearly as much!! The pro system suite integrates so well, exporting is easy and user friendly.

What do you dislike?

It’s a little for an expert, but once you get the hang of it it’s great!

Recommendations to others considering the product

Great product!!

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

We love the multi user option where multiple people can be using each file at the same time, this is a huge benefit to us when we have employees working remotely.

ProSystem fx Suite review by Su Jeong K.
Su Jeong K.
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"User friendly/convenient"

What do you like best?

It is user friendly, convenient and effective! saves lots of time especially autoflow.

What do you dislike?

It sometimes slows down and I had to close the program and restart it.

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

Autoflow saves time which eliminates mundane manual inputs of info.

ProSystem fx Suite review by User in Accounting
User in Accounting
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Verified Current User
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"It works okay but sometimes it can be frustrating"

What do you like best?

I like how it works and allows me to get my job done

What do you dislike?

I dislike how it crashes occasionally frmo time to time and causes me to lose my work I didn't save

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

I am solving problems related to financial audits

ProSystem fx Suite review by User
User
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"prosystem fx review"

What do you like best?

ease of use, UX design, clear instructions on how to go through the various returns step by step

What do you dislike?

if error shows up, not always intuitive on what is causing the error. code error names are given but no descriptions on what is causing the error

Recommendations to others considering the product

updates to keep up with tax reforms/new laws; ease of use in its UX design

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

being able to submit multiple tax returns for a partnership/corporation with its semi-automated use.

ProSystem fx Suite review by User in Accounting
User in Accounting
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Verified Current User
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"ProSystem FX "

What do you like best?

Comprehensive and able to handle any situation.

What do you dislike?

User interface can be clunky and navigation can be slow.

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

Realized benefits are a one product solution to tax preparation.

ProSystem fx Suite review by User in Accounting
User in Accounting
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Verified Current User
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"Good overall service"

What do you like best?

Easy to use in most instances. Simple bridging available.

What do you dislike?

The uncertainty of the interview feature and continuation of support

Recommendations to others considering the product

It's a good system and easy to use. Difficult to switch back and forth from interview to worksheet views. Pick one and stick with it.

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

The ability to create a provision and bridge to tax return saves us considerable time

ProSystem fx Suite review by User
User
Validated Reviewer
Review Source

"Efficient and Organized"

What do you like best?

I liked the easy navigations on the system.

What do you dislike?

I disliked some of the displays and loading times.

Recommendations to others considering the product

Depending on what system you are currently using, ProFx can definitely help your business become more efficient and organized.

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

ProFx makes it easy to generate reports and gather data and information from different aspects of the business. It saves a lot of time and error.

ProSystem fx Suite review by User
User
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"Efficient Tax/accounting Software"

What do you like best?

The tax and engagement systems integrated well

What do you dislike?

the user interface was a bit outdated and the system sometimes crashed when WiFi was poor

Recommendations to others considering the product

It’s a great, easy to use system

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

The software suite allows data collected from audits to flow seamlessly into tax return preparation. The audit engagement program is easy to use and helpful when planning, organizing, reviewing & finalizing an audit

ProSystem fx Suite review by User in Accounting
User in Accounting
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"Easy to use and customize."

What do you like best?

It's a great software for creating and storing our audit binders and the fact that it integrates with PPC makes it even better.

What do you dislike?

It can sometimes get stuck, especially when using the TB functions.

Recommendations to others considering the product

It's an overall great system to use, especially when used in a way that is customized to your firm.

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

How to maintain data for our audits electronically in an efficient and effective way.

ProSystem fx Suite review by Julian H.
Julian H.
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"Accounting software"

What do you like best?

User friendly and easily navigated. Found everything just fine.

What do you dislike?

Can't find anything I dislike. Everything seems fine

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

Tax issues and beneficiary info details about filing status

ProSystem fx Suite review by Kun X.
Kun X.
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"Good experience "

What do you like best?

It has all essential functions that Accounting professionals need.

What do you dislike?

Too many unexpecting problems and sometimes the consultant cannot even figure it out

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

Tax preparation. Can be easily used

ProSystem fx Suite review by User in Accounting
User in Accounting
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Verified Current User
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"Nice suite of programs, works well together."

What do you like best?

The ProSystem Fx Suite of programs work well together.

What do you dislike?

There is a significant learning curve to the newer programs and some lack of training.

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

We are able to be more efficient and save time by using the linking features in the programs.

ProSystem fx Suite review by User in Accounting
User in Accounting
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"Great product"

What do you like best?

I really enjoy using ProSystem fx Suite. It is a great product and I would recommend it to other companies for their business needs. I have used it mostly in audit related work - managing reports and tracking other data within the system.

It is a great tool.

What do you dislike?

I can't really say anything bad about the product.

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

It is easy to get new employees up and using the system. It is also very efficient so, this saves time.

ProSystem fx Suite review by Amanda T.
Amanda T.
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"ProSystem"

What do you like best?

I like the ease of use and the ability to switch from one area to the next. It is nice and easy to use.

What do you dislike?

Sometimes it will freeze and need rebooted.

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

It has made it easier to keep track of projects.

ProSystem fx Suite review by User in Accounting
User in Accounting
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"Tedious but powerful"

What do you like best?

I love how powerful this tool is. It can make any accountants job easy.

What do you dislike?

There is a lot of room for human error. With processes in certain portions there are many places to update that do not auto update elsewhere.

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

We use as our main production software. It keeps us compliant at all times.

ProSystem fx Suite review by User in Accounting
User in Accounting
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"Perfect for simple tax returns"

What do you like best?

Easy to use - intuitive and there are 2 perspectives to look at the returns from. The actual return and a more input sort of view

What do you dislike?

GUI seemed a little outdated. They can update and make the interface look a bit better

Recommendations to others considering the product

It gets the job done

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

Basic tax returns at an internship

ProSystem fx Suite review by User
User
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"Prosystem Review"

What do you like best?

I like that Prosystem has links for helpful resources like tax instructions.

What do you dislike?

I don’t like that prosystem can be slow and only allows two tax returns in one year to be open at once.

Recommendations to others considering the product

Easy to use, full range of product services

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

Successful completion of 990 tax returns and e-filing for our clients.

ProSystem fx Suite review by User in Accounting
User in Accounting
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"Organized"

What do you like best?

I like that pfx engagement is set up in folders, making it easy to organize an audit binder. I also like that you can leave points right on work papers.

What do you dislike?

It constantly crashes and often disables auto save features in excel.

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

Audit organization

ProSystem fx Suite review by User in Restaurants
User in Restaurants
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"Not so pro"

What do you like best?

I am able to stay up to date with all tax laws

What do you dislike?

The product is very expensive for what it is

Recommendations to others considering the product

Try it and see if it’s for you

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

We are solving many accounting issues with this program

ProSystem fx Suite review by User in Financial Services
User in Financial Services
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"Prosystems fx"

What do you like best?

It's pretty simple to use, easy to navigate, and a great tool for storing and managing audit files.

What do you dislike?

I don't have any complaints. It worked well for paperless audits and document storage.

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

Used for paperless audits.

ProSystem fx Suite review by User in Marketing and Advertising
User in Marketing and Advertising
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"Fixed asset software "

What do you like best?

I liked it has multiple fields & custom reports.

What do you dislike?

I dislike the unfriendly user interface.

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

It has given custom reports for various people in the company.

ProSystem fx Suite review by User in Accounting
User in Accounting
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"ProSystem"

What do you like best?

I liked that the program was very thorough and detailed.

What do you dislike?

I think that the ease of user access could be improved.

Recommendations to others considering the product

N/A

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

Very detailed

ProSystem fx Suite review by User
User
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"ProSystem Fx"

What do you like best?

Easy to see his accounts roll up to financial statements

What do you dislike?

The feel of the system is a little antiquated. Feels very dos based.

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

Audit

ProSystem fx Suite review by User
User
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"Tax associate"

What do you like best?

I like the system in general, really user friendly

What do you dislike?

Sometimes it's hard to load so I need to restart

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

Finding Tax and accounting solutions

ProSystem fx Suite review by User in Accounting
User in Accounting
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"Helpful for Research"

What do you like best?

I use this tool at work to conduct research for my clients.

What do you dislike?

I believe the system is not user friendly.

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

N/A

ProSystem fx Suite review by Consultant in Accounting
Consultant in Accounting
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"Tailored to Fit Our Needs"

What do you like best?

Works with our company to customize product

What do you dislike?

Nothing, the product works great for our company

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

Tax

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