2017 Review of AccountantsWorld Accounting Power – Accounts Receivable Functions

Accounting Power is part of AccountantsWorld, which offers a series of applications designed specifically for professional accountants. Accounting Power offers complete accounting and bookkeeping functionality for firms that in turn offer these services to their clients. All AccountantsWorld applications are cloud-based, offering anytime/anywhere access to both users and their clients.

The AccountantsWorld dashboard offers an easy way for users to access all of their clients from a single user interface. Once a client has been chosen, the screen will update with all of the accounting options available for that client, including Company, Banking, Sales, Job Costing, and others. Each customer for each specific client can be easily managed in Accounting Power, with users able to enter detailed information including the ability to enter sales preferences for each client, including specific invoicing capability as well as the ability to apply finance charges to a customer balance. Users can also set the percentage they wish to use when applying finance charges during the initial customer setup. There are also several user-defined fields where users can set up and track specific information not already tracked. Payments are easily recorded in Accounting Power, with users also able to accept credit card payments from client customers if desired. Users can also generate receipts for any payments received.

The Customer Center provides users with detailed information on all customer transactions and historical data, including detailed payment history, During setup, users can also choose to determine whether credit memos will be used, and if so, can enter the necessary information at that time. Users can also easily apply customer payments to multiple invoices, and the application accepts electronic payments as well. Users can also produce customer statements, either viewing them onscreen or printing them for mailing. Statements can also be emailed directly to customers if desired.

Reporting options in Accounting Power are excellent, with a variety of customer sales reports available including a customer list, customer receipts, finance charges, an accounts receivable aging report and customer balance report. All reports can be viewed on screen, printed, saved as a PDF, saved to the Accountants World archive or exported to Microsoft Word or Excel.

A complete accounting/bookkeeping application, AR functionality integrates with all other features in Accounting Power, and the application also offers easy integration with other AccountantsWorld applications which includes Cloud Cabinet, Website Relief, Directory Listing, Practice Relief, and After-The-Fact Payroll. Accounting Power also integrates with QuickBooks products including QuickBooks Online and QuickBooks Desktop applications, as well as Bill.com. Data can also be imported from Excel and CSV files if desired.

Designed for professional accountants to use in their practice, Accounting Power, like all AccountantsWorld products, is not available to the general public. An excellent fit for accounting firms that wish to combine a complete practice management application with a bookkeeping module, Accounting Power provides professional accountants with the ability to offer complete, comprehensive accounting and bookkeeping services to their clients. Available as part of the AccountantsWorld selection of products, Accounting Power currently is priced at $1,195.00 per year.

2017 Overall Rating – 4.5 Stars