traceprep
Every Number Has a Source.
Tax workpaper automation with mandatory source tracing. Extract data from client documents, generate source-traced workpapers, and compare against your UltraTax return to flag what needs review.
From Client Documents to Finished Workpapers
TracePrep automates the tedious parts of tax prep while keeping you in control of every number.
How It Works
Three steps from client documents to finished workpapers. No manual data entry required.
Drop in Client Documents
Upload the client folder — PDFs, scans, images, whatever they sent. TracePrep classifies every document automatically. W-2s, K-1s, 1099s, bank statements — sorted in seconds.
Extract with Source Tracing
AI reads each document and pulls every field you need. Every value gets a citation — document name, page number, and location. Nothing enters your workpaper without a source.
Review Against Your Return
TracePrep compares extracted data against your UltraTax return and flags discrepancies by confidence level. A 3-hour review becomes 30 minutes — you focus only on what doesn't match.
Classifying 12 documents...
W-2 (3) | K-1 (2) | 1099 (4) | Bank stmt (3)
Extracting fields with source tracing...
Box 1 Wages: $87,432.00 [w2-employer-a.pdf:1:box1] HIGH
K-1 Ordinary Income: $23,847.00 [k1-partnership.pdf:1:line1] HIGH
1099-INT Interest: $1,247.33 [1099-int-chase.pdf:1:box1] MEDIUM
Generated workpaper.xlsx (47 fields, 44 HIGH, 3 MEDIUM)
Stop Retyping. Start Reviewing.
Manual data entry is the bottleneck in every tax prep workflow. Every hour spent copying numbers is an hour not spent on advisory work that actually grows your practice.
- 2+ hours saved per return — No more retyping W-2 boxes or hunting for K-1 amounts. TracePrep extracts everything and builds your workpaper in minutes.
- Every number is traceable — Your reviewer can verify any figure back to the source document, page, and location. No more sticky notes or margin scribbles.
- Catch errors before they file — Confidence scoring flags low-certainty extractions automatically. You review what matters instead of checking everything twice.
Built for Tax Professionals
See how firms are using TracePrep to streamline their tax prep workflow.
“We were spending 45 minutes per 5472 just retyping numbers from client docs into workpapers. TracePrep cut that to under 10 minutes with full source citations.”
Managing Partner
Mid-size CPA firm, 5472 practice
“The confidence scoring changed our review process. Instead of checking every number, we focus on the flagged items. Our accuracy went up and our review time went down.”
Senior Tax Manager
Regional accounting firm
“During busy season we process hundreds of returns. TracePrep handles the document sorting and extraction so our staff can focus on the tax work that actually requires judgment.”
Tax Director
Multi-office CPA firm
Pay Per Return. No Surprises.
Priced by complexity, not by seat count. You pay for what you process.
- W-2, 1099, K-1 extraction
- Schedule C, D, E support
- Source-traced workpapers
- Confidence scoring
- Excel export
- Everything in 1040
- Multi-entity support
- Balance sheet extraction
- K-1 generation prep
- Trial balance import
- Priority support
- Everything in Business
- Foreign entity forms
- Multi-currency support
- Cross-reference validation
- Regulatory compliance checks
- Dedicated support
No monthly minimums. No seat licenses. Volume discounts available for 100+ returns/month.
Frequently Asked Questions
Got questions? We've got answers.
Ready to Stop Retyping?
Join the firms replacing manual data entry with automated, source-traced workpapers. Get early access today.