Intuit Lacerte vs. Spectrum Cloud

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Intuit Lacerte
Score 9.3 out of 10
N/A
Intuit Lacerte is an Income Tax Compliance system, providing forms, tax planning support, as well as document management and document storage.
$400
Spectrum Cloud
Score 0.0 out of 10
N/A
Spectrum Cloud by KDK Software is a cloud-based platform designed to simplify tax compliance for practitioners. It combines GST, and direct tax compliance like Income Tax, and TDS into an online solution. The solution is presented as ideal for chartered accountants, tax consultants, and accounting firms handling multiple clients. Spectrum Cloud offers auto-import of GSTR data from the GST portal, Tallyand other accounting software for GST management. It enables reconciliation of…
$6,300
per year per user
Pricing
Intuit LacerteSpectrum Cloud
Editions & Modules
Lacerte REP (Fast Path Only)
$400
Lacerte 200 - Federal 1040
Contact for pricing
Lacerte Unlimited Modules
Contact for pricing
No answers on this topic
Offerings
Pricing Offerings
Intuit LacerteSpectrum Cloud
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Intuit LacerteSpectrum Cloud
Features
Intuit LacerteSpectrum Cloud
Type of tax
Comparison of Type of tax features of Product A and Product B
Intuit Lacerte
8.5
2 Ratings
9% above category average
Spectrum Cloud
-
Ratings
Sales and Use Taxes8.01 Ratings00 Ratings
Cross-border Taxes8.01 Ratings00 Ratings
VAT / GST Taxes8.01 Ratings00 Ratings
Energy and Fuel Taxes10.02 Ratings00 Ratings
Tax Reporting & Compliance
Comparison of Tax Reporting & Compliance features of Product A and Product B
Intuit Lacerte
10.0
4 Ratings
24% above category average
Spectrum Cloud
-
Ratings
Geolocation for Tax Assessment9.92 Ratings00 Ratings
3rd-Party Software Integrations10.04 Ratings00 Ratings
Tax Data Reporting10.04 Ratings00 Ratings
Compliance Administration Management10.03 Ratings00 Ratings
Tax Exemption Processing10.04 Ratings00 Ratings
Tax Document Management10.02 Ratings00 Ratings
Complex Tax Scenario Management10.03 Ratings00 Ratings
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Intuit LacerteSpectrum Cloud
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Score 8.4 out of 10
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User Ratings
Intuit LacerteSpectrum Cloud
Likelihood to Recommend
10.0
(3 ratings)
-
(0 ratings)
Support Rating
9.0
(1 ratings)
-
(0 ratings)
User Testimonials
Intuit LacerteSpectrum Cloud
Likelihood to Recommend
Intuit
This software is great for a tax preparer that wants the whole package from organizers to customer returns with letters and invoices. This is the best software with everything combined together. For new tax preparers looking for expensive software and are willing to some items (invoices) organizers, scheduling) through other means, Intuit Lacerte might be too expensive. But once the practice grows the time saved having all the “bells and whistles “ is worth every penny!
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KDK Software
No answers on this topic
Pros
Intuit
  • K-1 transfer capability
  • Supports more than 5,700 tax forms - federal and all state forms
  • Year-round e-filing
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KDK Software
No answers on this topic
Cons
Intuit
  • Although Intuit Lacerte offers the option for clients to by by refund, it is limited to 2 banks which means we could have to change banks to offer this service, broadening the banks relationship would assist us greatly.
  • Although Intuit Lacerte is set up for running reports, they are not as dynamic as they could be, for example, running a report for all clients working for a specific employer, or occupation if we were targeting an audience.
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KDK Software
No answers on this topic
Usability
Intuit
Intuit Lacerte is not only easy for those veteran users such as myself, but is it also easy to teach to the new users, which makes it a good fit for a firm such as ours that has a high volume of interns and trainees in the industry. Many of which can then take that experience with them to the next firm they move on to, which exhibits as perpetual value.
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KDK Software
No answers on this topic
Support Rating
Intuit
Lacerte customer service has been great. They are very knowledgeable about the product and can help resolve problems quickly.
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KDK Software
No answers on this topic
Alternatives Considered
Intuit
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!
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KDK Software
No answers on this topic
Return on Investment
Intuit
  • Able to process client requirements faster
  • Docusign feature a big plus
  • Lacerte Diamond Passport fees is highly priced at 17.5K USD + fastpath additional per user. They could consider to bring down the cost so that it works out lucratively.
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KDK Software
No answers on this topic
ScreenShots