Thomson Reuters OnBalanceHelp your self-employed business clients manage income and expenses for streamlined tax preparation

Support your self-employed clients with mobile tax tools

Most self-employed business owners would love to spend less time on the administrative side of their business. They'd rather be doing what they do best — building their product, providing a service or interacting with their customers. Tax-related work — such as tracking income, expenses and mileage, and delivering their records to your accounting firm — takes time away from serving their customers and building their profitable business.

With the accessibility and security of cloud computing and easy-to-use dashboards, the Thomson Reuters OnBalance mobile and web app streamlines income and expense management for your self-employed business clients. Your clients will automatically be connected to you, so you can import their data at any time with UltraTax CS® integration and work seamlessly with them on tax preparation — improving accuracy in your work and streamlining workflows within your firm.

OnBalance makes tax time easier for you and your clients

Manage income and expenses easily

OnBalance helps your clients paperlessly keep track of their business income and expenses. They can add financial accounts and record expenses and deposits, and enter transactions and attach receipts, as well as scan receipts with OCR technology. Once transactions are added, your clients can categorize and separate personal transactions from business-related expenses, with the ability to categorize transactions for multiple businesses.

Track mileage automatically

With "always-on" GPS tracking (on GPS-enabled devices), your clients can automatically track mileage through the mobile app or add trips manually to manage their mileage deductions.

Work seamlessly together

Upon invitation to use the mobile app, your clients will automatically be connected with you so that you can import their data at any time with UltraTax CS. The integration with UltraTax CS is seamless, so there is no bridge or additional applications needed to gather data. You can simply populate their Schedule C with their data for easy tax preparation.

Monitor metrics

Real-time dashboards provide metrics such as income, trends in revenue, expenses and profits and losses. Updated in real time, these key business metrics help your clients assess the health of their business, discover opportunities and make informed decisions.

Worry less

Thomson Reuters takes your clients' data security needs seriously. With OnBalance, we use high-level technical and staffing security – a level of data protection that may be difficult for your clients to maintain on their own.

OnBalance Fact Sheet for Accountants PDF - 165 KB


"I've enjoyed using OnBalance; it has been very helpful in managing my business. I like the idea of being able to have all my information in one place."

— A.W., Stroudsburg, PA

"My fellow business owners would definitely love using this. I love the layout and how easy it is to use."

— J.M., Hanover, PA

"I'm still quite impressed with the performance of this product. It would be perfect for inexperienced new business owners."

— A.G., Boulder, CO

Marketing Resources

Introduce the benefits of OnBalance Self-Employed to your clients with this informative fact sheet.

Download the client fact sheet


Get the answers

Get fast answers to accountants' frequently asked questions about OnBalance.

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