Access Accountants Compliance vs Xero Tax: Which Tax Software Is Right for Your Practice?
When it comes to tax preparation software for accountants, two solutions that often come up are Access Accountants Compliance and Xero Tax.
Both platforms offer powerful tools to help firms streamline their tax preparation, compliance, and tax lodgment processes. But how do they stack up against each other in terms of features, integration, ease of use, and value?
In this article, we’ll break down the key differences between Access Accountants and Xero Tax from a tax software perspective, to help you decide which platform is better suited to your practice.
Introduction
If you are reading this article, it is safe to assume that your current tax preparation software is not adequately solving key challenges in your practice during tax season.
Perhaps your tax preparation software is outdated, adding complexity to frequent compliance updates, or software limitations do not fully accommodate the nuance of specific tax scenarios. Perhaps manual data entry is still required, increasing the risk of error or you have issues integrating with accounting software, leading to inefficiencies.
If you’re experiencing any of these challenges, your current tax preparation software might not be best equipped to help your practice thrive and grow. You need a solution that is best suited to your needs and is designed to solve the challenges of modern-day accounting practices in Australia.
It is with this in mind that we have condensed our expertise into a side-by-side comparison of two leading tax preparation solutions – Access Accountants Compliance and Xero Tax. Read on to discover how these two solutions compare in terms of features, benefits, price and much more.
What is Access Accountants Compliance?
Access Accountants Compliance is part of the larger suite of software, known as Access Accountants Evo, which includes tools for practice management, tax, and compliance.
It’s an all-in-one solution designed for small accounting firms that need a consistent approach to manage their compliance jobs.
What is Xero Tax?
Xero Tax is a component within the Xero accounting software suite designed specifically for accountants to manage their clients’ tax obligations.
Accountants using Xero Tax can prepare, file and manage various tax returns and compliance tasks using one centralised platform.
Access Accountants Compliance and Xero Tax: What to compare
Before we delve into the key features offered by Access Accountants Compliance and Xero Tax, we must both mention that both are leading tax preparation solutions, capable of delivering significant cost and time savings across your operations.
But what are the key differences between the two? In our Access Accountants Compliance and Xero Tax comparison, we’ll look at vital elements, such as key features, and implementation and support to answer that question.
Access Accountants Compliance vs Xero Tax: Key Features
Access Accountants Compliance
Access Accountants Compliance offers integrated client management, tax and ledger compliance, through to tax lodgment without needing to rekey data. With the addition of Zap Data Hub, bookkeeping data from Xero or any of the other major bookkeeping applications is collected via API integration. It doesn’t matter what software your client users, you can provide a consistent way of working for your team.
It now includes Access Evo: an AI-driven software experience, enabling you to ask questions of your client and tax data with advanced, secure AI capabilities. Ask questions of the ATO website and get answers in seconds.
Additionally, it has smart automation capabilities which simplify tax processes and saves time on cross-fill and pre-fill capabilities.
Xero Tax
Xero Tax helps accountants to do tax for all their clients, lodge their BAS and Tax returns online, exchange data securely with the ATO and populate returns from client Xero accounts without reentering data. If the client does not use Xero, the accountant must subscribe to a ledger.
Access Accountants Compliance vs Xero Tax: Implementation and Support
Access Accountants Compliance Implementation, Support and Learning
Access Accountants Compliance customers can ensure a smooth implementation with the help of FlightPaths – a remote-first service offering three tiers. Prices depend on the level of service chosen and your implementation's complexity and unique requirements.
Our experienced experts will work with you to clarify your expectations and establish key milestones to track progress towards a successful launch. FlightPaths ensures a low-risk implementation journey, no matter how your firm is structured or where your employees are located.
Customers can choose from three tiers of technical support – Essential, Standard, and Premier – with our Customer Success Plans. All three options provide problem-solving support from our experts, plus access to articles, webinars, and an online user community via our Customer Success Portal. Phone support is also an option for those who prefer phone support over online.
Core learning for Access Accountants is provided through our Learning Lite learning management system. Your practice admin will be able to set and track learning for new starters. We also include 10 corporate training courses.
Xero Tax: Implementation and Support
Accountants looking to try Xero Tax for their firm can access it as part of the Xero Partner Program. Once they are a Xero partner, or during the trial, Xero Tax can be enabled through Xero HQ: the central platform for managing your practice.
Xero Central helps users gain the support they need, whether that be through help articles, further learning courses or discussions.
Conclusion
While you now should have a good handle on the benefits and features that are key to Access Accountants Compliance and Xero Tax, this article is just the starting point. Take your time and research these solutions thoroughly so that you’re making an informed decision for your practice.
A good place to start is the Access Accountants Compliance product page.