Best Practices to Streamline your Financial Projects with Coracloud

The accounting and tax industry is rapidly evolving. To stay ahead of the curve, many accounting and tax professionals are turning to cloud-based solutions to help them manage their workflows. These solutions offer several benefits, including sharing files securely and maintaining organization.

One such solution is Basil Practice Management. Basil is a secure client portal designed specifically for accounting and tax professionals. This cloud-based product offers many features that can help streamline financial projects, making it an ideal solution for accountants and tax professionals.

In this article, we will discuss some of the best practices for using Basil to streamline your financial projects.

Use Basil to securely share files

Accounting professionals often deal with sensitive client information, such as tax returns and financial statements. It is important to have a secure way to share these files with clients and other members of your team.

Basil offers a secure way to share files amongst multiple users. With Basil, files are encrypted and can only be accessed by authorized users. This ensures that only those with the proper permissions can view or edit the files. In addition, with 256-bit encryption and Multi-factor Authentication (MFA) in place, files shared through Basil are some of the most secure in the industry.

Simplify the Tax Season

The tax season can be a busy time for accounting and tax professionals. It can be challenging to keep track of everything, from preparing tax returns to dealing with deadlines. In this case, it's crucial to have a system in place that can help simplify the process.

Basil can help streamline the tax season by providing a secure way to share files and track deadlines. You can also leverage the platform's digital Organizer to automate distribution, document collection, and task management. This further applies to automating projects that allow you to easily collect bank statements, W2s, and 1099s. Like a personal assistant, Basil will keep track of deadlines and send reminders so you can focus on your work.

Sign Important Documents Electronically

Gone are the days of paper contracts and wet signatures. Instead, today's professionals are moving towards electronic signatures to save time and money. This is especially important in the accounting and tax industry, where time is of the essence.

Basil's e-signature feature allows you and your clients to securely sign all kinds of documents, including IRS forms and sign agreements. You can even use preconfigured templates that are designed for specific document types. This makes it easy to get started and eliminates the need for paper copies. Using Basil's e-signature feature, you can streamline your workflow and get documents signed quickly and easily.

Get Notified of Client Activity

Basil notifications help you keep on top of client activity. You can set up in-app or email notifications whenever a client uploads, downloads, deletes, signs or completes a task. Notifications can be customized for your convenience and so you can choose which client activities you want to be made aware of. 

Manage Multiple Clients

Tax professionals often work with multiple clients. This can make it difficult to keep track of all the different projects and deadlines. It also means that you need to be able to access files from multiple clients quickly and easily to work on their tax returns.

Basil's client management features help you stay organized and efficient when working with multiple clients. You can create groups to manage projects and deadlines easily. You can also set up custom permission levels to control what each client has access to. This ensures that only the necessary information is shared, saving you time and protecting your clients' privacy.

Top Tool for Accounting and Tax Professionals

By following these best practices, you can streamline your financial projects with Basil. From securely sharing files to tracking deadlines, Basil provides the tools you need to simplify your workflows. With its ease of use and robust features, Basil is the perfect solution for accounting and tax professionals.