#1 most frequent
United States of America
92.7%857 installations of 924
What is Intuit Lacerte?
Intuit Lacerte is an Income Tax Compliance system, providing forms, tax planning support, as well as document management and document storage.
Categories & Use Cases
Top Performing Features
Energy and Fuel Taxes
Ability to calculate and manage energy and/or fuel taxes.
Category average: 7.7
Tax Data Reporting
Ability to export transaction data for tax filing.
Category average: 8.3
Compliance Administration Management
Ability to facilitate tax preparation, filing, and tax remittances across local, state, and federal jurisdictions.
Category average: 8.6
Areas for Improvement
Cross-border Taxes
Software is capable of calculating and filing taxes, such as customs, across countries.
Category average: 7.8
VAT / GST Taxes
Ability to calculate and manage VAT and GST taxes.
Category average: 7.2
3rd-Party Software Integrations
Pre-built integrations with various systems such as ERP, ecommerce, CRM, invoicing and billing, accounting, and procurement applications.
Category average: 7.4
Who Buys & Uses Intuit Lacerte
#2 most frequent
Canada
1.8%17 installations of 924
#3 most frequent
India
1.8%17 installations of 924
Lace rte has it all-bells, whistles, etc
Use Cases and Deployment Scope
I use Intuit Lacerte to prepare Individual, partnership, corporate (c and s), estate & trust, and nonprofits Intuit Lacerte preparers more forms than other softwares. Not just fill n print, like some softwares that say they have forms, but the actual calculations. Their support team is the best. Each rep has access to leads who can help in areas they are familiar with. If an issue can’t be resolved then a case is opened to have a more experienced person work on the issue. Intuit cares about its customers and tries really hard to help customers get answers in the least amount of time so we can keep predicting returns.
Pros
- Continually updates when bugs are found or tax law change
- Live customer suppprt
- Listen s to customer to improve product
- E-signature to get signed forms from remote customers
- Organizers for customer to complete on paper or electronic
- Tax appointment scheduling within the program and recurring for future appointments
- Client invoices by form
- Trial balance from accounting software to save time on business data entry
Cons
- Filters-needs to be more user friendly and easier to use. Also needs more options to filter by
- Missing data email-descriptions need to be client familiar wording not tax term /forms
Return on Investment
- Very high Retention (using scheduling)
- Tax data input time savings (using e-organizer)
- Tax summary current and prior year (clients love to see how they did compared to prior year)
Other Software Used
QuickBooks Desktop Pro, Microsoft 365 Business Premium
Lacerte - Product Review
Pros
- K-1 transfer capability
- Supports more than 5,700 tax forms - federal and all state forms
- Year-round e-filing
Cons
- The updates from IRS to Lacerte need to be improved, so far so good.
- Reporting needs to be improved. Feature like sorting categories. scorp/ind/non-profit
- Tax summaries can be improved - like the differentiation between rental income & expenses. I trust this feature would be a great help.
Return on Investment
- Able to process client requirements faster
- Docusign feature a big plus
- Lacerte Diamond Passport fees is highly priced at 17.5K USD + fastpath additional per user. They could consider to bring down the cost so that it works out lucratively.
Other Software Used
QuickBooks Desktop Enterprise
Lacerte: tax problem solver
Pros
- Very easy to learn and use.
- Simple, customized report generation
Cons
- Technical glitches
- Frequent software updates
Return on Investment
- It has helped meet overall business goals.
- Gives you the ability to add in and purchase only what you need.