TaxDome does a little bit of everything. Financial Cents is an accounting practice management software with a focus on workflow built to scale with your firm.
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An accounting practice management tool should have everything you need to get your work done. Financial Cents makes it easy for your entire team to collaborate on work and hit their deadlines!
TaxDome does a little bit of everything, which is why their project management tool isn’t as robust as Financial Cents. Financial Cents’s main focus is project management. We built a robust workflow tool that can scale to a firm of any size and ensure nothing falls through the cracks.
In Financial Cents you automatically send clients recurring data request lists and FC will follow follow up with them until they complete the request. So you never have to waste time chasing down client info again.
Store all your clients’ sensitive information can be tough and sharing it with your team in a secure way can be even tougher. Easily store your client passwords, bank information, and more in one secure location so your team has everything they need to get their work done.
Quickly identify which clients are taking more work than you originally estimated so you can adjust your rates and boost your bottom line.
Get a quick overview of your team’s workload capacity, so you can manage resources more effectively, quickly reassign tasks, and ensure you deliver client work on time and on budget.
Per Year, Per Firm User
Per Year, Per Firm User
1) Create a recurring project
2) Copy it to all your clients
3) Track progress and collaborate with your team
What is TaxDome?
TaxDome is a software system for accountants and bookkeepers. Their goal is to have everything in one system so they can be a one-stop shop to handle all your accounting needs. Some of their main features include:
Key Differences Between TaxDome and Financial Cents
Overall, the main difference between TaxDome and Financial Cents is that TaxDome tries to give you a little bit of everything, whereas Financial Cents specializes in project management. Let’s go over these differences in more depth:
Financial Cents automates client data collection, which TaxDome doesn’t do.
You can set up Financial Cents to collect data by sending clients data request lists and automatically following up. This saves you time, as you no longer have to chase down client info. TaxDome does not have this feature.
Unlike Financial Cents, TaxDome has no secure way to store client passwords
Financial Cents has encrypted client profiles, where all client info is stored in one place so your team can easily find it. Passwords, usernames, and security questions for all your clients’ apps are stored in the “client vault,” allowing your team to access the information they need while protecting your client’s sensitive information.
Unfortunately, one of the drawbacks of TaxDome is that it does not provide a way to securely store client passwords.
Financial Cents has a better system for identifying which clients are taking more resources
Unlike TaxDome, Financial Cents carefully tracks how much time your firm is spending on each client so that you can easily see which clients are taking up more resources. This helps you know when to adjust your rates.
Financial Cents has capacity management reports, which TaxDome doesn’t have
With capacity management reports, Financial Cents allows you to easily see what your team members are working on so that you can effectively manage your resources and re-assign work to other team members if one has too much on their plate.
TaxDome has more features overall than Financial Cents
Although we’ve just gone over some of the project management-related differences between TaxDome and Financial Cents, you should be aware that TaxDome offers more features overall. TaxDome aspires to be a one-stop shop, whereas Financial Cents aspires to specialize in project management.
Financial Cents is cheaper than TaxDome
TaxDome costs $25 per user per month for their Lite version, and $50 per user per month for their Pro version. They bill annually and do not have a month-to-month payment option. Financial cents costs $23 per user per month if you pay annually, or $29 per user per month if you pay monthly.
Overall, although TaxDome offers more features, Financial Cents has better pricing and a more robust project management system. It all depends on what you’re looking for.
A cloud-based solution that makes it easy for accounting firms to manage client work, collaborate with staff, and hit their deadlines
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