Canopy
UnclaimedThe #1 practice management software designed for accounting and tax firms.
Visit WebsiteTL;DR - Canopy
- All-in-one practice management for accounting and tax firms.
- Streamlines document, task, and client management.
- Enhances client experience with portals and e-signatures.
Pricing: Paid only
Best for: Enterprises & pros
4.6/5 across review platforms
Pros & Cons
Pros
- Consolidates multiple functions into one platform
- User-friendly and modern interface
- Automates client communication and reminders
- Improves organization and workflow efficiency
- Provides robust features for tax season management
Cons
- Specific pricing details are not publicly available without a demo
- Requires integration into existing firm processes
Ratings Across the Web
4.6(694 reviews)
Ratings aggregated from independent review platforms. Learn more
Key Features
Document managementTask managementBilling and invoicingClient portalElectronic signaturesClient request remindersTime trackingIRS letter templates
Pricing Plans
STARTER
$540 total annually
- Manage Client Intake
- Send Proposals
- Track work from proposal to re-engagement
- Integrate Email
- Collaborate with teammates
- Interact via a secure, branded Client Portal
- Collect eSignatures
- Tag & segment client list
- Store internal work papers & client files
- Control access & permissions
- Send secure links for clients that want to avoid logging into the portal
- Exchange documents with clients over mobile app
ESSENTIALS
$792 total annually
- Manage Client Intake
- Send Proposals
- Track projects from proposal to re-engagement
- Integrate Email
- Collaborate with teammates on emails, tasks, & files
- Centralize all client interactions to the highest rated mobile app
- Collect eSignatures
- Tag & segment client list
- Store internal work papers & client files
- Control access & permissions
- Collect payments & maintain revenue integrity
- Monitor firm data with pre-built dashboards
- Send secure links for clients that want to avoid logging into the portal
- Track time & manage invoices
Client Engagement Platform
$150/mo
- Client Portal
- Mobile App for Clients & Firm
- Connected Email
- Notify team w/ @mentions
- CRM
- Engagements & Proposals w/ eSignature
- Client Requests
- Questionnaires & Organizers
- Custom Roles
- Custom Reports & Formulas
- 2,500 clients
Document Management
$36 per user/per month
- Secure File Exchange
- Unlimited Document Storage
- Unlimited eSignatures
- Retention Policies
- Customizable Folder Permissions
- Native File Annotations
- Firm Workpaper Storage
- Desktop Sync & Print Driver
Workflow
$32 per user/per month
- Projects & Tasks
- Automation
- Workflow Templates
- Recurrences
- Custom Statuses
- Roles for Task Assignment
- Custom Reports & Formulas
- Staff Utilization Report
- Capacity Planning Report
Time & Billing
$22 per user/per month
- Generate & Send Invoices
- Time Tracking
- WIP
- Collect Card & ACH Payments
- Surcharging
- Pre-Built Reports
- Profitability Report
- Custom Reports & Formulas
What is Canopy?
Canopy is a comprehensive practice management software specifically built for accounting and tax firms. It centralizes essential firm operations, including document management, task management, client relations, and billing, into a single platform. This eliminates the need for multiple disparate systems, streamlining workflows and improving efficiency for CPAs and financial advisors.
The software aims to enhance client experience through features like a dedicated client portal, electronic signatures, and automated client request reminders. It also provides tools for internal firm management, such as tracking time, generating invoices, and managing tax season tasks. By consolidating these functions, Canopy helps firms reduce administrative burden, improve organization, and ultimately increase profitability.
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Canopy FAQ
How does Canopy assist with IRS correspondence and compliance during tax season?
Canopy provides pre-built letter templates specifically designed for responding to IRS letters, which significantly simplifies and speeds up the process of managing tax correspondence. It also facilitates easy retrieval of clients’ tax transcripts, aiding in compliance and preparation.
What specific features does the client portal offer to improve client experience and reduce follow-ups?
The client portal in Canopy allows clients to securely access and share documents, make online payments, and sign documents electronically. It also includes an automated client request feature that sends reminders, reducing the need for manual follow-ups from the firm.
Can Canopy help firms track key performance indicators (KPIs) related to practice management?
Yes, Canopy's practice management capabilities are designed to provide the necessary data and structure to track essential KPIs. By centralizing tasks, workflows, and client interactions, firms can gain insights into their operational efficiency and client engagement, which are crucial for performance measurement.
How does Canopy support firms in transitioning from traditional accounting services to more data, automation, and AI-driven approaches?
Canopy provides the foundational tools for automation, such as standardized workflows and task management, which are essential for integrating advanced technologies. By streamlining core operations, it frees up firm resources to explore and adopt data analytics and AI solutions, enabling a more modern service offering.
What mechanisms does Canopy have in place to ensure client payments are collected efficiently?
Canopy integrates online payment capabilities directly into the client portal, allowing clients to pay invoices easily. Additionally, the ability to track time and seamlessly add it to an invoice, combined with automated reminders for outstanding requests, contributes to a more efficient payment collection process.
Source: getcanopy.com