Intuit Lacerte vs. LOVAT

Lacerte helps to serve a great variety of clients and businesses, it has over 5,700 forms. It also supports multi-state, K-1s, and more. It suits for power users with high business inflow. Its useful for a CPA who is processing a high value firm or individual with zero errors. The error diagnostic feature covers more than 25k error checks. This is less applicable to CPA's whose are managing regular individual 1040 routines.

Incentivized

Lovat has all the useful features for the needs of my small businesses. The best part about Lovat is that even lay users with no accounting knowledge can find it easy to use this soft. Besides, Lovat has well-explained tax policies, which are essential in noting or understanding the entire business operations. Lastly, for filing returns, Lovatis the savior, for small enterprise.

• Continually updates when bugs are found or tax law change
• Live customer suppprt
• Listen s to customer to improve product
• E-signature to get signed forms from remote customers
• Organizers for customer to complete on paper or electronic
• Tax appointment scheduling within the program and recurring for future appointments
• Client invoices by form
• Trial balance from accounting software to save time on business data entry

Incentivized

• I love that we don’t need to send tax transaction data for our sales to LOVAT – it is simply integrated with our e-stores!
• It makes the process so much faster than filling excel spreadsheets or uploading manually. At the end of the month, we simply see all of the data in our LOVAT account.
• Collecting data takes time, and it's a waste of time when we can do it digitally.
• I like that we can make some fields required and some optional and that I can use multiple selling platforms and be sure that I'm getting valid tax data.

• The updates from IRS to Lacerte need to be improved, so far so good.
• Reporting needs to be improved. Feature like sorting categories. scorp/ind/non-profit
• Tax summaries can be improved - like the differentiation between rental income & expenses. I trust this feature would be a great help.

Incentivized

• Some processes take extra time
• It will take some time and preferably a demo call with the support team to learn how to use the software yourself
• Unfortunately, consultation on really difficult questions can be obtained only for an additional fee

The functionality is very powerful, and everything works as promised. But the interface needs improvement in places - sometimes you have to search for something longer than you would like.

Lacerte customer service has been great. They are very knowledgeable about the product and can help resolve problems quickly.

Incentivized

I’ve heard other tax preparers talk about their software and their likes and dislikes. When I offer to show them Intuit Lacerte most are blown away by what it does. One preparer used ProConnrct online tax (also by Intuit), and she loves how easy Intuit Lacerteis to use. She said having live support (not chat) to actually be able to show issues and work through them was great. Both programs use the same calculations, but the extras (trial balance, organizers with prior year data, invoicing, scheduling, filters, etc) are what makes Intuit Lacerte the best!

Incentivized

LOVAT is much easier to use and the onboarding process was excellent. More so, LOVAT has a standard of acceptance globally, where some countries like EU and US are included in the set features. Finally, LOVAT has adequate automation, which brings accuracy, and improves state compliance and financial standard policies.

• It has helped meet overall business goals.
• Gives you the ability to add in and purchase only what you need.

Incentivized

• Save us a lot of time and nerves by avoiding manual tax computations.
• It is better to be sure when you deal with tax offices, and LOVAT has brought about the accuracy.
• Finally, the taxation process has been expense friendly using the application.