AccountantsWorld, which offers cloud-based accounting systems for professional accountants, has added new features to its Accounting Power system. The company says the enhancements will enable CPA firms to provide more complete accounting services, including bill payment and bookkeeping, to all of their clients within one platform.
The new updates seamlessly integrate bill payment capabilities into Accounting Power and streamline the entire bill payment process, which makes this service highly efficient and profitable.
Unlike Do-It-Yourself accounting programs that are created for small businesses, Accounting Power is the first cloud-based, professional accounting system designed exclusively for CPAs. It lets accountants customize their accounting services to meet each client’s needs and preferences.
“Our research shows that given the choice, one out of every four small business owners would consider offloading all their accounting work to their accountants. However, most accountants currently don’t offer bill payment and bookkeeping services to their clients because the limitations of current systems have made them high-hassle, low-margin services,” said Dr. Chandra Bhansali, CEO and co-founder of AccountantsWorld. “With the new capabilities, accounting firms are able to perform these functions faster and easier than before, and thereby turn them into high profit-margin services.”
By using Accounting Power’s newest features, accounting firms can facilitate end-to-end bill payment and invoicing. The updates include:
Mobile uploads. Clients can now upload images of their invoices and payments received against account receivables with any mobile device. When accountants log onto the platform, the uploaded invoices and payments are automatically attributed to the corresponding client and presented for processing. Unified dashboard to monitor workflow. Accounting Power lets accountants establish a uniquely streamlined operation. A single unified display monitors all bill payment activity for multiple clients at once, allowing the accountant to easily identify which client bills need to be processed, approved, or paid. Faster and easier approval process. With the new approval feature, accountants can send payment approval requests to multiple clients with one click. Clients can approve the bills to be paid fully or partially using their PC or any mobile device. Firm can make the payments for the bills approved by clients either by printing physical checks or using electronic checks (ACH).
By combining these functions into a single cloud-based solution, Accounting Power has once again simplified client accounting and increased efficiency and profitability for firms. In 2015, Accounting Power was awarded “Best Small CPA Firm Solution” and “Best Cloud Solution” by K2 Enterprises. The product also received a five-star rating by CPA Practice Advisor earlier this year and was a finalist in the 2016 Cloud Awards.
With more than 15 years’ experience, AccountantsWorld is the leading provider of cloud-based solutions for accountants. AccountantsWorld offers a complete, integrated suite of innovative accounting, payroll, and practice management solutions that help accountants work collaboratively with clients to foster greater client loyalty and improve the bottom lines of their practices. AccountantsWorld is also the only leading cloud solutions provider that puts Accountants First™ by never competing with accountants or selling services directly to their clients. For more information about any of the AccountantsWorld cloud-based solutions, please visit www.accountantsworld.com or call 1-888-999-1366.
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