CCH Tax and Accounting Releases ProSystem fx Write-Up

(RIVERWOODS, ILL., September 17, 2004) – CCH Tax and Accounting (CCH), a leading provider of tax, accounting and productivity software and services, has released ProSystem^® fx Write-Up, a state-of-the art write-up solution developed from the ground up using the latest technologies and incorporating all the essential functions for managing clients’ day-to-day operations. This exciting new application is the latest addition to The ProSystem^® fx Office suite of tax, accounting and productivity software.

Latest Technology Delivers Big Benefits

ProSystem fx Write-Up has been developed from the ground up using the latest technology including .NET, MSDE, and the latest in grid controls to allow greater flexibility in viewing and mining data to ensure end-users experience ease-of-use and seamless integration with other modules in The ProSystem fx Office suite, specifically Tax, Engagement and Trial Balance.

"Leveraging the latest technologies is a continuing trend in ProSystem development that sets our products apart and will allow us to add future enhancements to ProSystem fx Write-Up easily, continually expanding its capabilities," said Mike Sabbatis, vice president, Sales and Marketing, for CCH Tax and Accounting.

Among enhancements scheduled for December are support for Dynalink/Quicklink, reporting the offset accounts in the general ledger as summary amounts, support for multiple tax years, ability to create tax journal entries, "out of balance" warnings for the general journal, the ability to delete transactions for batch entry, and saving the last-used settings on the transactions grids.

Integration with The ProSystem fx Office Suite

ProSystem fx Write-Up’s tight integration with ProSystem fx Tax, Engagement and Trial Balance eliminates redundant data entry and quickly transforms detailed transactions into logical summarized formats for tax and audit work.

Users can send transaction information directly to ProSystem fx Tax for reduced data entry, increased accuracy, and more efficient tax return preparation, speeding completion of C-Corporation, S-Corporation, Partnership and Exempt Organization Federal tax returns.

Professionals can also have vital summary information at their fingertips during consulting and audit engagements by exporting customized statements and reports to ProSystem fx Engagement and Trial Balance.

"With ProSystem fx Write-Up, you benefit from the efficiencies in the application itself and with the technology and integration continue to drive more efficient workflow throughout your organization," Sabbatis stated.

Value-added Payroll Services

ProSystem fx Write-Up is also an affordable solution for providing important payroll services to clients during tax season and throughout the year. Users can easily generate automatic signature-ready payroll forms including 940, 941, and W-2. They can also produce dynamic payroll and tax liability reports including earnings and deductions, employee listing, payroll summary and detail, and more. In addition, they can conveniently process payroll with instant paychecks and a variety of options, including direct deposit, bonuses, commissions, tips, voluntary deductions, retirement accounts and expense reimbursements.

"This reinforces our commitment to provide ProSystem fx users with ever-increasing opportunities to better serve their clients," Sabbatis said.

For More Information

For more information on ProSystem fx Write-Up, call 1-800-739-9998 or visit Tax.CCHGroup.com/Write-Up.

About CCH Tax and Accounting

CCH Tax and Accounting (www.tax.cchgroup.com), based in Riverwoods, Ill., is a leading provider of tax, audit, and accounting information, software and services. It has served tax, accounting and business professionals and their clients since 1913.

Among its market leading products are The ProSystem fx® Office, CCH® Tax Research NetWork™, Accounting Research Manager™ and the U.S. Master Tax Guide®. CCH Tax and Accounting is a Wolters Kluwer company (www.wolterskluwer.com).

Wolters Kluwer is a leading multinational publisher and information services company. Wolters Kluwer has annual revenues (2003) of €3.4 billion, employs approximately 18,750 people worldwide and maintains operations across Europe, North America and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands.

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