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Thomson Reuters CS Professional Suite

Score6.7 out of 10

19 Reviews and Ratings

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What is Thomson Reuters CS Professional Suite?

Thomson Reuters CS Professional Suite is integrated tax and accounting software that manages the operations of legal firms. It is used to collect client data, and post finished tax returns, from managing client engagements to practice management.

Categories & Use Cases

Key Features

Learn about the best (and worst!) features Thomson Reuters CS Professional Suite has to offer, as determined by TrustRadius' reviewers.
Based on 19 ratings of Thomson Reuters CS Professional Suite's features
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Top Performing Features

  • Pay calculation

    Pay calculation provides for computation of employee pay with state and federal deductions.

    Category average: 8.5

  • Cash management

    The software provides a complete picture of a company’s cash flows, streamlines payment processing, and includes cash forecasting.

    Category average: 8.4

  • Bank reconciliation

    The software connects to a company’s financial institutions in order to reconcile accounting records with checking, savings and credit card accounts. Often month and year closing capabilities are included.

    Category average: 8.5

Areas for Improvement

  • Configurable Accounting

    Configure accounting rules and segments for each chart of accounts

    Category average: 8

  • Multi-currency support

    The software supports transactions across multiple currencies.

    Category average: 8.3

  • Custom reports

    Users can create custom reports.

    Category average: 8

Reviews

What users are saying about Thomson Reuters CS Professional Suite.
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Fantastic Product, backed by reliable support

Incentivized
Albert Hwang
Financial Affairs Coordinator in Finance and Accounting at Marmoset (11-50 employees employees)

Pros

  • Import information between its products and Excel.
  • Straightforward keypunching processed designed for accounting.
  • Strong customization of reporting.

Cons

  • Requires a time investment for the learning curve to fully utilize the benefits provided by CS Professional Suite.
  • Older looking UI and aesthetic.

Return on Investment

  • Not authorized to view the large scale picture of Thomson Reuters CS Suite on ROI, however, it has been a part of the business model for years with constant updates and is only getting more and more efficient as time goes on.

I use Thomson Reuters Accounting CS

Incentivized
Cyndy RameyView profile
CPA, Senior Staff in Finance and Accounting at Bergman, Himmel, Goetz, Prebul & Silver Co., Inc. (1-10 employees employees)

Pros

  • It is excel based which makes it easier to input information.

Cons

  • I think the program should require you to close the client instead of just changing the client id#. It is too easy to enter data into the wrong company.

Return on Investment

  • I was provided the program to use by management so I can't answer this question.

Other Software Used

QuickBooks Online, QuickBooks Premier

An all-in-one solution for your business management needs.

Incentivized
Verified User
Manager in Professional Services (51-200 employees employees)

Pros

  • A reasonable price.
  • Relatively easy climbing possibilities.
  • Brand reputation value of Thomson Reuters.

Cons

  • Customization of some timestamp functions for a country other than the United States is relatively limited.
  • As well as the Spanish language does not have support or usability on the platform, which although it is not a major inconvenience if it slows down the use for some of our collaborators.

Return on Investment

  • Even when its implementation was painful, we found an improvement of about 35% reduction in the time invested in recording billing times and expenses for our clients.
  • In our experience, the use of the CS suite will return the investment in less than a year of use.

Alternatives Considered

QuickBooks Online

Other Software Used

Xero, QuickBooks Online, Wrike

Usability

My Thomson Reuters CS Professional Suite Review

Incentivized
Verified User
Technician in Customer Service (1001-5000 employees employees)

Pros

  • Allows users to create associations, groups, locations, or property types to categorize each asset.
  • Fixed Assets CS can be deployed in a virtual office setting or as a SaaS application.
  • Fixed Assets CS also supports common depreciation methods.

Cons

  • Loading times on older computers can be a hassle.
  • Better integration with other CS apps would be helpful.
  • More update to date predefined associations.

Return on Investment

  • Successfully allow collaboration between multiple departments.
  • Easily configure client data for in depth analysis.
  • Easy account setup for new hires and single sign on for current users.

Other Software Used

Thomson Reuters ONESOURCE, Azure Firewall, Accenture Cloud Platform

Usability