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Configure Outstanding Balances on Invoice PDFs
What’s new?
New settings let firms customize how Outstanding Balances appear on invoice PDFs.
Choose whether balances include only sent invoices or also draft/printed/saved invoices.
Why it matters
This flexibility reduces client confusion and ensures balances reflect your firm’s billing philosophy. Firms can present totals that align with internal practices and improve client communication.
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AI-Powered Document Checklists (Beta)
What’s new?
Generate client-specific document requests with AI:
Draft with AI using prompts like “Generate a checklist for 2025 return based on prior submissions.”
Optionally upload a file (return, statement, workpaper) for added context.
Layer in templates, assign due dates, and set reminders.
Create AI-powered checklists one-by-one or in bulk.
Why it matters
This is one of Canopy’s biggest AI releases to date. Firms save time building tailored request lists, while clients receive more accurate, context-driven checklists.
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How do I use AI-Powered Document Checklists?
Enhanced Uploads & Dynamic Checklists in Questionnaires
What’s new?
Enhanced Checklist Uploads:
Provided Elsewhere option when a document is already on file.
Bulk upload with AI sorting to auto-match files to requests.
Dynamic Checklists in Questionnaires:
Files requested in questionnaires automatically consolidate into a checklist section at the end.
Conditional logic ensures only required files appear.
Why it matters
These improvements streamline intake for clients and practitioners—clarity for clients, faster processing for firms.
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Payments & Credits Data in Insights (Experimental)
What’s new?
Pro Tenants can now opt into Canopy Data Hub (Experimental).
Payments & Credits reporting is available in Insights via a new Liveboard and data model.
Includes measures like Payment Amount, Payment Status, Credit Date, and more.
Why it matters
This is the first major addition of new data to Insights since launch. Firms can finally surface payment/credit data directly, enabling stronger reporting and business intelligence.
Relevant Resource
Canopy Insights Training
Payments Onboarding with Plaid
What’s new?
Canopy Payments onboarding now uses Plaid instead of Trustly.
Faster and more reliable bank verification.
Fewer errors and broader bank compatibility.
Why it matters
Improves the setup experience for firms by reducing onboarding delays and support issues.
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Notifications for Deactivated Bank Sweeps
What’s new?
Canopy now detects when Adyen deactivates a bank sweep and alerts firm admins.
Notifications appear both in-app and by email, with direct links to update bank info.
Why it matters
Firms are immediately informed of deposit issues, reducing cash flow disruptions and lowering support volume.
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Payment Notes on Receipts
What’s new?
Payment notes (e.g., “collected at front desk”) now display on Payment Receipts in the transaction history.
Notes remain internal-only (not client-facing).
Why it matters
Restores lost functionality and gives firms better visibility into payment context for record-keeping and auditing.
Engagement Item To Service Items Transition
What’s new?
Engagements now pull directly from Service Items (same source used by invoices).
Engagement Items and Engagement Item Templates have been sunsetted.
Existing data from Engagement Item Templates has been migrated to Service Items.
Previously-created engagements and templates remain unchanged.
Why it matters
Firms now manage services from a single source of truth, simplifying administration and ensuring consistency across engagements and invoices.
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