Canopy, which provides practice management software for accountants, has updated the platform in time for the 2021 tax season.
The new features help users see a high-level view of all billable work and services while having the ability to view all work emails in one interface. The updates have been applied to Canopy’s work-in-progress reporting tools and the global inbox. With the updates to work in progress, accountants can:
- Adjust user rates in settings — With the introduction of a new billing section, users can find Canopy payments, service items, and a new tab called user rates where they can automatically set the company default rate of service as well as an individual team member's rate of service.
- Add tracked time directly to an invoice — Accountants can generate customizable invoices and add tracked time to an invoice. Invoices can be customized to show only single line items or hide specific columns on the final invoice.
- Gain a bird's-eye view of all billable work happening in the firm — Accountants can get a sense of a contact's unbilled hours as well as assignee totals in comparison to service item totals. By clicking on a contact, they can see further breakdowns of time entries for services completed for a client are accessible.
Canopy is also introducing a global inbox, enabling accountants to view and manage all work emails in one place, from both clients and non-clients. In addition to this tool, Canopy plans to make it easier to create a task or contact directly from an email in the near future.
“As we move into one of the busiest and most complicated tax seasons in our history, we want to make it as simple as possible for our customers to get paid,” said Larry Furr, chief product officer for Canopy, in a statement. “To make billing even easier within Canopy, unbilled time can be added directly to invoices and rolled into a single line item, allowing accountants to bill clients at any time while working on a project rather than waiting until the project is complete.”
