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Accounting Power

Accounting Power

Overview

What is Accounting Power?

Accounting Power is an accounting system sold to professional accountants, that aims to enable users to control every aspect of an accounting practice and can overcome the challenges imposed by accounting systems that are sold directly to clients.in addition, Accounting…

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Accounting Power--the really good, a little bad, and no ugly

Rating: 9 out of 10
July 26, 2022
IncentivizedVetted ReviewVerified User
Our firm provides bookkeeping and bill payment services to a range of clients throughout the U.S. It is used for all clients we provide these services to and to clients who wa...
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Steven Brewer
Professional - Professional Services
Owner
Steven Brewer & Company, CPAs, PC
Accounting Power9 years of experience
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Pricing

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Accounting Power

Accounting Power

N/A
Unavailable

What is Accounting Power?

Accounting Power is an accounting system sold to professional accountants, that aims to enable users to control every aspect of an accounting practice and can overcome the challenges imposed by accounting systems that are sold directly to clients. in…

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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QuickBooks Online is a SaaS version of the QuickBooks product. It contains all of the features found in the local version. Higher-priced plans include greater automation, payment management, inventory and time tracking, and analytics features.

Acumatica

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Product Details

What is Accounting Power?

Accounting Power is an accounting system sold to professional accountants, that aims to enable users to control every aspect of an accounting practice and can overcome the challenges imposed by accounting systems that are sold directly to clients.

in addition, Accounting Power includes capabilities for write-up and trial balance work and tools to create customizable financials, along with A/P, A/R, job costing, and inventory. Users can manage clients and their fiscal health from its dashboard.

Accounting Power Features

General Ledger and Configurable Accounting Features

  • Supported: Accounts payable
  • Supported: Accounts receivable
  • Supported: Cash management
  • Supported: Bank reconciliation
  • Supported: Expense management
  • Supported: Multi-division support
  • Supported: Regulations compliance
  • Supported: Electronic tax filing
  • Supported: Journals and Reconciliations
  • Supported: Standardized Processes

Reporting & Analytics Features

  • Supported: Dashboards
  • Supported: Custom reports

Customization Features

  • Supported: API for custom integration
  • Supported: Plug-ins

Security Features

  • Supported: Role-based user permissions
  • Supported: Single sign-on capability
  • Supported: Multi-factor authentication
  • Supported: User-level audit trail

Accounting Power Screenshots

Screenshot of Accounting Power HomepageScreenshot of Bill managementScreenshot of CAS DashboardScreenshot of CFO DashboardScreenshot of Pertinent Print FinancialsScreenshot of Trial balance worksheetScreenshot of Write-up

Accounting Power Competitors

Accounting Power Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationApple iOS, Android
Supported CountriesUnited States

Accounting Power Downloadables

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Comparisons

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Reviews and Ratings

(21)

Community Insights

TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!

Users have reported significant time savings when using this software to manage payroll, completing the task in just one day instead of the usual 2-3 days. The software is also utilized for generating invoices, streamlining the invoicing process for clients. Users appreciate the software's ability to handle all financial functions in one place, making it easier to manage finances without the need for multiple platforms. Additionally, it effectively manages payroll, keeps track of funds, and tracks creditors and debtors. The software's common interface and internal integration within the finance workflow allow for seamless cooperation within the finance team, ensuring systematic tracking of accounts receivable and accounts payable. This improves efficiency by enabling quick and easy completion of various tasks.

While users praise the software's payroll solution for its effectiveness, they have encountered occasional glitches and limitations with the accounting suite, which require additional effort to address. Another challenge users face is the need for ongoing communication with clients to obtain accurate and complete information. Despite these challenges, users find the software easy to use, straightforward, and flexible. It is particularly recommended for small businesses or startups but may be less suitable for larger businesses. The software's ease of use, nationwide scalability, and ability to serve different types of clients are highly valued by users. It offers automation, integration, and control that other products lack, allowing users to provide a comprehensive solution for their clients' bookkeeping, accounting, and payroll needs. Users appreciate the real-time client interaction capabilities that enable them to work with diverse clients throughout the U.S., delivering high-quality services.

Quick and efficient payroll: Users have been impressed with the software's ability to create payroll quickly and efficiently, making the process much faster than before. Several reviewers stated that this feature has saved them a significant amount of time and effort in their accounting tasks.

Invoicing made easy: The software's invoicing feature is praised for helping users generate invoices for clients and organize receivables for tax and audit purposes. Many reviewers have mentioned how this feature has streamlined their billing processes and improved their overall efficiency in managing invoices.

Multi-platform accessibility: Users appreciate the accessibility of the software on multiple platforms, allowing them to use it on the go. Several customers have mentioned being able to access their accounting data from different devices such as desktop computers, laptops, tablets, and smartphones, which has provided them with flexibility and convenience in managing their accounts.

Limited search feature: Many users have expressed frustration with the limited functionality of the search feature, stating that it is worthless and does not provide accurate results. Some users have even suggested that additional search filters or options should be implemented to enhance the overall usability and efficiency of the feature.

Lack of backup feature: Several reviewers have mentioned their disappointment in the absence of a backup feature, which has caused concerns about data security and loss. The lack of a backup option has left users feeling vulnerable and exposed to potential data loss incidents, highlighting the need for a reliable backup solution within the software.

Poor customer support experience: A number of users have had negative experiences with customer support, describing the process as long and drawn-out without receiving satisfactory resolutions to their issues. These customers feel frustrated by the lack of timely and effective communication from the support team, leading to prolonged downtime and unresolved problems.

Reviews

(1-1 of 1)
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Accounting Power--the really good, a little bad, and no ugly

Rating: 9 out of 10
Incentivized
July 26, 2022
SB
Steven Brewer
Owner
Steven Brewer & Company, CPAs, PC (Accounting, 1-10 employees)
Vetted Review
Verified User
Accounting Power
9 years of experience
View profile
Use Cases and Deployment Scope
Our firm provides bookkeeping and bill payment services to a range of clients throughout the U.S. It is used for all clients we provide these services to and to clients who want to do their own bookkeeping but want us to be there. It allows us to work with a variety of clients across the U.S. in a real-time manner. The information it provides allows us to provide higher services.
Pros and Cons
  • Simple layout
  • Logical menu and format
  • Flexibility in designing reports
  • Department/location accounting
Likelihood to Recommend
Retail, professional services, non-manufacturing, or non-inventory-based clients are a great fit.
Accounting Power Feature Ratings
General Ledger and Configurable Accounting (10)
68%
6.8
Accounts payable
90%
9.0
Accounts receivable
90%
9.0
Cash management
80%
8.0
Bank reconciliation
100%
10.0
Expense management
90%
9.0
Multi-division support
60%
6.0
Regulations compliance
N/A
N/A
Electronic tax filing
N/A
N/A
Journals and Reconciliations
80%
8.0
Standardized Processes
90%
9.0
Inventory Management
N/A
N/A
Order Management
N/A
N/A
Payroll Management
N/A
N/A
Reporting & Analytics (2)
80%
8.0
Dashboards
70%
7.0
Custom reports
90%
9.0
Customization (1)
40%
4.0
API for custom integration
40%
4.0
Security (2)
95%
9.5
Role-based user permissions
90%
9.0
Single sign-on capability
100%
10.0
Return on Investment
  • Allowed for standardized processes
  • Improved efficiency in disbursement processing
  • Bank feed is easily broken
  • ACH payment options are not well established
Alternatives Considered
I find Accounting Power to have more flexibility, power, and reporting capability than QuickBooks Online with a simpler interface.
Other Software Used
Usability
10
It provides everything one needs for accounting services and then some at a price point that makes it very affordable.
Support Rating
7
Needs some work. Support staff seem to be computer people, not accountants or users of the system. Their answers sometimes seem short and computer-based. Not answered in a way that says, "I have thought through this and here is what I see to do."
Users and Roles
8
Writeup, bookkeeping, accounts payable and accounts receivable
Support Headcount Required
8
Data Entry, common sense, ability to follow instructions
Business Processes Supported
  • Write up functions
  • Disbursement
  • Reporting
Innovative Uses
  • Redesign of financial statements to make them more readable by clients.
Future Planned Uses
  • Provide base data to feed into KPI software and customized dashboards.
Likelihood to Renew
10
I do not see a good alternative in the market.
Products Replaced
Yes
All Intuit accounting products.
Key Differentiators
  • Price
  • Product Features
  • Product Usability
Usability. If staff is frustrated by the product, they can be productive. It is important that the staff have confidence in the product and can use the product.
Evaluation Lessons Learned
Give myself more time to evaluate and do more inhouse testing.
Implementation Details / Implementation Partner
  • Implemented in-house
Implementation Phases
No
Change Management Lessons
Change management was a big part of the implementation and was well-handled
Get staff more involved the transition process
Implementation Issues
  • Reluctance from staff to change.
Implementation Rating
8
Seek out others who have done it and learn from them.
Premium Support
No. Not available
Bug Resolution
Yes
Takes time. Must be run by programming and others.
Exceptional Examples of Accounting Power Support
No
Easy Tasks
  • Write up functions
  • Cash disbursements
  • Invoicing
Difficult Tasks
  • Research of past transactions
Mobile Interface Availability and Impressions
Yes
It is only for disbursements at this time. Needs invoicing option added.
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