The Tax & Accounting business of Thomson Reuters has released a new product that helps accountants and clients collaborate online, along with the latest version of its tax-provisioning software.

Accounting CS Client Access provides a new way for firms and their business clients to work together online. Client Access is an extension of the company’s recently introduced Accounting CS, with no importing or exporting necessary.

Client Access will initially offer clients check-writing and calculating payroll capabilities, with the addition of accounts receivable and accounts payable over the coming year. Tax and accounting firms will have the ability to choose which functions within the software to deploy on a client-by-client basis.

Firms can maintain control over how clients can interact with data and execute their day-to-day bookkeeping functions. Clients access the software through a secure, private portal on the firm’s Web site with customizable permissions that the firm can tailor to each client. Firm employees can set up each client directly from the firm’s computer systems, with no client visit required.

Separately, Thomson Reuters also unveiled on Wednesday the latest release of its tax-provisioning software, ONESOURCE Tax Provision, Version 7.0. The new version includes multilingual features aimed at a global audience, a new user interface, International Financial Reporting Standards functionality, and deeper software integration.

With the launch of Version 7.0, ONESOURCE Tax Provision is now available in French, Spanish and German, to improve global tax accounting workflow within multinational corporations. Additional languages are planned for future releases. The new user interface is designed to improve ease of use for tax accountants.

Version 7.0 includes support for IFRS reporting and improved integration with ONESOURCE Income Tax return software. For more information on the tax software, visit http://www.onesource.thomsonreuters.com/, or http://www.CS.ThomsonReuters.com/AccountingCS for information on the new client access software.