Name: Accounting Power
Rating: 7.8 (22 reviews)
Author: AccountantsWorld

Customer Engagement

Help Desk

Live Chat

Web and Video Conferencing

Customer Support

Continuous Integration

Cross-Browser Testing

Product Analytics

Development

Student Management

Education

Association Management

Business Intelligence (BI)

Collaboration

Corporate Social Responsibility (CSR)

Document Generation

Enterprise Asset Management

Enterprise Legal Management

IP PBX

Policy Management

Enterprise

Accounting

FinTech

Online Trading

SaaS Spend Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

HR Management

Payroll

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Cloud Storage

Container Management

Data Governance

Density-Optimized Servers

Firewall Security Management

Fraud Detection

Integrated Development Environment (IDE)

Integration Platform as a Service (iPaaS)

Migration

Mobile Identity

Network Access Control (NAC)

Network Performance Monitoring

Platform-as-a-Service (PaaS)

Website Hosting

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Content Management

Content Marketing

Contest Management

Digital Experience Platforms (DXP)

Email Marketing

Location Intelligence

Marketing Automation

Personalization Engines

Presentation

Product Management

Search Marketing Intelligence

Social Media Management

Survey & Forms Building

Technology Review

Web Analytics

Marketing

Email Signature

Project Management

Professional Services

Customer Relationship Management (CRM)

Product Configuration

Sales Engagement

Sales

Data Loss Prevention

Security Information and Event Management (SIEM)

Security

Automotive

Computer-Aided Manufacturing (CAM)

Construction Workforce Management

Law Practice Management

Loan Servicing

eDiscovery

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### Tax Management
Reviewers consistently highlight Accounting Power's tax management as a standout feature, praising its efficiency in handling tax filings, tax liability documentation, and tax resolution tasks. Users appreciate the ease of managing account payables, account receivables, expense management, cash management, and bank reconciliation all within a single interface. The software's ability to streamline processes, enhance compliance management, and provide insightful dashboarding and reporting capabilities is well-received by small and medium enterprises. Despite some minor drawbacks mentioned, such as the need for manual data entry in certain cases, Accounting Power's tax management functionality remains a key asset for users seeking a comprehensive financial solution.

### Financial Reporting
Some users praise Accounting Power for its efficient financial reporting features, which streamline processes and provide accurate insights into the company's financial health. However, others express concerns about limitations in reporting functionalities, such as the inability to generate specific reports or encountering backend issues that impact data accuracy. While some find the tool beneficial for creating personalized financial statements, others feel that it lacks the flexibility needed for various industries, potentially hindering its effectiveness in certain verticals.

### Expense Tracking
While some users appreciate Accounting Power's ability to streamline expense tracking, others have encountered challenges with glitches and time-consuming troubleshooting. The platform's efficiency in managing invoices and expenses is acknowledged, but the issues faced by some users in fixing errors detract from its overall appeal. This mixed sentiment highlights the importance of a reliable and user-friendly expense tracking system for effective financial management.

### Client Management
While some users appreciate the flexibility and ease of use in Accounting Power's client management features, others have expressed frustration with issues related to customer support and backend technical problems. The software seems to streamline tasks like payroll and invoicing for clients, but there are concerns about the system's limitations and the need for more robust support in resolving issues promptly. In conclusion, Accounting Power's client management capabilities receive mixed reviews, with room for improvement in addressing user concerns effectively.

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.

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.

Acumatica delivers a set of cloud-based business software applications with dashboards, reporting tools, integrated document management, centralized security, and customization tools.

Acumatica

QuickBooks Desktop Enterprise is a widely-used accounting package designed for small to mid-sized businesses. It is the top of the QuickBooks line. Pricing starts at $3,000 for five users, and goes up depending on the number of additional users. They also offer an Advanced Inventory module for $999 / year.

Gold with Remote Access

Platinum with Remote Access

Diamond with Remote Access

Gold

Platinum

Diamond

Accounting Power

1 in 3 accounting software users find it difficult to choose the right tool. Find the best solution for you.

The Buyer’s Guide to Accounting Software

Software for tracking revenues and expenses and forecasting future revenue.

Likelihood to Recommend

Likelihood to Renew

Usability

Support Rating

Implementation Rating

Customization

Reporting & Analytics

General Ledger and Configurable Accounting

API for custom integration

Single sign-on capability

Role-based user permissions

Dashboards

Custom reports

Accounts payable

Accounts receivable

Cash management

Bank reconciliation

Expense management

Multi-division support

Journals and Reconciliations

Standardized Processes

AccountantsWorld

Can you build a robust CAS practice on anti-CAS software?

Financial management solution, including capabilities for general ledger and configurable accounting

This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.

This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.

The software provides a complete picture of a company’s cash flows, streamlines payment processing, and includes cash forecasting.

The software connects to a company’s financial institutions in order to reconcile accounting records with checking, savings and credit card accounts. Often month and year closing capabilities are included.

The software can log and track business expenses and reimbursements, including travel-related expenses, with the ability to tie them to particular projects.

Time tracking

The software can track billable and non-billable employee time by project.

Fixed asset management

This includes the ability to track fixed assets (e.g., laptops), including location, check-in and check-out, maintenance scheduling, audit history, specialized property tax period reports, cost and depreciation.

Multi-currency support

The software supports transactions across multiple currencies.

The software is flexible and supports bookkeeping practices along multiple dimensions such as locations, branches or products.

Regulations compliance

The software helps users adhere to typical accounting standards and regulations such as IFRS, GASB, or GAAP.

Electronic tax filing

The software provides a full electronic interface for the filing of repeatable taxes, such as payroll or sales tax.

Self-service portal

The software provides online portals for certain stakeholders to find information relevant to them, such as employees, vendors and customers.

Global Financial Support

Account using multiple ledgers, multiple currencies, and multiple entities

Primary and Secondary Ledgers

Record and report across multiple currencies and accounting standards with primary and secondary ledgers

Intercompany Accounting

Automatically balance and reconcile GL for intercompany transactions

Localizations

Meet reporting requirements with country-specific localizations

Automate and synchronize ledgers and processes

Enterprise Accounting

Create accounting for disconnected ERP and non-accounting source systems

Configurable Accounting

Configure accounting rules and segments for each chart of accounts

Centralized Rules Framework

Integrate disparate ERP and transactional systems into single ERP instance

Centralize financial management to facilitate standardized financial processes

Inventory Management

The ability to track and manage the flow of goods or materials into and out of an inventory.

Inventory tracking

The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.

Automatic reordering

The software can be set up to automatically reorder a good when it falls below a certain threshold.

Location management

The software can track multiple goods across multiple locations.

Manufacturing module

The software helps track and manage raw materials, work-in-progress items, and finished goods.

Order Management

The ability to process orders, and track them from quote to cash.

Pricing

Users can set up complex and unique pricing requirements.

Order entry

Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.

Credit card processing

The software facilitates credit card processing.

Cost of goods sold

The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.

Order Orchestration

Define and execute order fulfillment processes for products as well as services on the same order.

End-to-end order visibility

Get updates on orders, inventory, shipments, planned supply, and invoices, and improve the quality of decisions through in-context analytics

Accounting Power

Overview

What is Accounting Power?