Time Rack and the Tax & Accounting business of Thomson Reuters has continued success with bi-directional integration. This is integration between the Time Rack time and attendance solution and Thomson Reuters market-leading full service software for accountants.
Accounting CS™ Payroll. Time Rack has been integrated with the Thomson Reuters platform since 2013, and to date, is the only time and attendance integration.
Automated Data Sharing in Real-Time
A key benefit, at no additional charge to users of cloud-based or locally installed Accounting CS Payroll and Time Rack, and to firm clients who process payroll using the myPay Solutions payroll service, the functionality automatically shares data between Time Rack and Accounting CS Payroll in real-time. This eliminates the need to manually sync data, reduces manual data entry and ensures that information stays up-to-date.
The functionality ensures that time data, new employees, pay rate changes, and other information stays accurate in both systems. It also creates new ways to automate the payroll process, including the ability to automatically create paychecks in Accounting CS Payroll using time clock data shared from Time Rack.
A More Unified HR & Payroll System
In the original press release in October of 2013, Scott Fleszar, Thomson Reuters VP of strategic marketing at the time, stated, “The [new] capabilities will enable tax and accounting professionals to provide better service in less time, improve accuracy and offer services that go beyond basic payroll compliance. The [new] integration will enable users of Accounting CS Payroll and Time Rack to offer a more unified, more sophisticated HR and payroll system that shares information automatically and makes firm and client processes smoother and more efficient.
“I’m really pleased that our preferred partner relationship with Time Rack has enabled us to put the pieces of HR and payroll processing together into one integrated system. It wasn’t long ago that only the big service bureaus could offer this level of sophistication to their clients,” Fleszar said. “Today’s practitioners need a connected solution for time & attendance, human resources, and payroll software, and this [new] integration has enabled us to offer just that.”
About Accounting CS Payroll
Accounting CS Payroll is a complete, automated payroll solution that offers calculating payroll, an automated setup process, comprehensive compliance, and full integration with the rest of the Thomson Reuters CS Professional Suite®. Click here to learn more.
About Thomson Reuters
Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world’s most trusted news organization. More: https://thomsonreuters.com/en.html.