Search our Blog
RSS feed
AccountantsWorld on Twitter (@PowerAccountant)
Thursday
Dec012016

AccountantsWorld Co-Founder Named to 2016 Most Powerful Women in Accounting List

For the fourth year in a row, Sharada Bhansali, co-founder of AccountantsWorld, has been named as one of the 2016 Most Powerful Women in Accounting by CPA Practice Advisor.

The award recognizes women who are making the greatest impact on the tax and accounting profession. Each year, CPA Practice Advisor's publishers and editors review nominees selected by industry peers and experts.

"The growth of cloud computing has provided the profession with a lot of flexibility and even more opportunities for women," said Sharada. "To be consistently honored alongside these incredible professionals is inspiring. I'm confident that, working together, we can share our passion with future generations and continue to push the industry forward." 

Over the years, Sharada has remained dedicated to reinventing and innovating the industry with new tools to help accountants succeed in an ever-evolving environment. With Masters degrees in both Engineering and Mathematics, she started her career by creating Micro Vision Software, a leading producer of professional desktop tax software. In 2000, anticipating the power of the Internet, she and her husband Chandra co-founded AccountantsWorld to forge new opportunities for accountants via cutting-edge cloud-based solutions.

For more than 30 years, Sharada and Chandra have been committed to providing advanced tools to support accounting professionals. Recently, AccountantsWorld launched Payroll Retirement Relief Solution (PRRS), its latest product that helps accountants and CPAs to work with small business clients to enable them to offer affordable, compliant and protected retirement plans for their employees. This is one of the many ways Sharada and AccountantsWorld help accountants increase their revenue and expand their capabilities.

Friday
Oct142016

AccountantsWorld Co-Founders Named Top 100 Most Influential People in Accounting

AccountantsWorld founders Dr. Chandra Bhansali and Sharada Bhansali were both once again named to the Top 100 Most Influential People in Accounting list by Accounting Today magazine for 2016. They have now achieved a combined 18 awards in the Top 100 list.

For more than 16 years, the couple has transformed the accounting profession by designing highly acclaimed, cloud-based solutions for professional accounting, payroll, document management and more. Winners are nominated by industry professionals and peers who are asked to identify who they believe are the most influential people in the sector.

"For us to be consistently named among the most influential people in accounting each year is an incredible honor," said Dr. Chandra Bhansali, CEO and co-founder. "It is gratifying to see that our peers recognize the achievements of not only the two of us, but our entire team. This recognition further fuels our passion to continue developing innovative tools to better serve accountants and their clients."

Since the company's inception in 1999, AccountantsWorld has been a pioneer in leveraging the power of the Internet to help accountants advance their practices. Chandra and Sharada led the effort to create a complete suite of fully integrated, cloud-based products that puts accountants back in control of their core offerings, while also fostering greater collaboration with their clients. And unlike most other solutions providers, AccountantsWorld has made an unwavering commitment to professional accountants by never selling its products or services directly to their clients.

AccountantsWorld continues to enhance its products every year, and most recently added an integrated bill payment feature to Accounting Power, which received a five-star rating from CPA Practice Advisor. This focus on continued innovation has earned AccountantsWorld countless product awards, including "Best Small CPA Firm Solution" and "Best Cloud Power Solution" by K2 Enterprises.

"As technology continues to advance, we will remain focused on helping accounting professionals grow their practices and strengthen client relationships by empowering them with cutting-edge software solutions," said Sharada Bhansali, co-founder of AccountantsWorld. "Whether it's via mobile platforms, third-party integrations or strategic partnerships, we strive to make their professional lives easier and help them stay ahead of the game." 

To view the complete list of the Top 100 Most Influential People in Accounting, please visit www.AccountingToday.com.

Wednesday
Oct122016

Huffington Post interview with AccountantsWorld co-founder Sharada Bhansali

AccountantsWorld's co-founder Sharada Bhansali was interviewed by Laura Dunn of Huffington Post for an extensive Q+A. The interview was the latest in Huffington Post's Women in Business series. Among the topics covered:

 

  • The biggest highlight - and challenge - during Sharada's tenure leading AccountantsWorld
  • Sharada's advice to women who want a career in accounting
  • Cracking the code on work-life balance

 

Read the full Huffington Post interview with Sharada here.


Tuesday
Sep062016

Three ways to grow your bottom line - without adding staff or clients

Accountants have typically seen growth as a double-edged sword. The thinking goes: 

“Sure, I could grow my bottom line, but every path to growth also involves putting in more hours myself, hiring more staff and increasing costs. Do I really need more complexity in my professional life?”

Enter the latest cloud technology. In the past, advances in technology have primarily helped accountants perform client engagements faster. Now, for the first time, the latest technology – the cloud – is actually creating new growth opportunities for accountants.

Here are three ways that cloud technology can help increase the amount of money you make – without requiring more time, effort, or staff.

 

1.     Offer existing services more profitably

Utilize automated bank feeds: Manual data entry is time-consuming and error-prone. Most cloud solutions enable you to download bank and credit card transactions directly from providers. Write-up clients who write manual checks can reduce data entry time and minimize errors by 70-80%, and make bank reconciliation faster and easier.

Reduce client errors: For most accountants, client bookkeeping errors are an enormous drain on productive time. A truly professional cloud-based accounting system like Accounting Power lets you work collaboratively with your clients, enabling you to customize the system for each client to give them access only to the functions they can perform, minimizing client errors.

2.     Regain a service that had been lost to competing forces

Payroll services: In the past, payroll was taken over by payroll service bureaus. They had access to processing centers with massive computers that could automate complex payroll processing tasks. Accountants had no such tools.

But now, the cloud has leveled the playing field. Professional payroll systems like Payroll Relief were designed specifically for the needs of accountants, and have completely automated payroll processing. They've even eliminated the need for accountants to do data entry or print checks in their offices. Accountants can now make payroll processing one of their most profitable services, and one that, unlike tax and accounting, requires little professional time and generates a perennial revenue stream.

3.     Offer services clients need and value

 



Tuesday
Aug022016

Cure your clients' pain - and yours too

Recently, I attended a meeting of small business owners and casually asked how many of them enjoyed doing accounting. Out of a group of about 30 business owners, three hands went up.

I’d guess that if you were to poll your own clients, the results wouldn’t be much different. You know from experience that the vast majority of small businesses find accounting work to be a hassle.

For many small business owners, managing accounting functions is simply a distraction from what they love to do - growing their businesses. Accounting is mostly seen as a regulatory burden, and few small businesses use accounting tools proactively to manage their business finances.

Finally, it’s often hard for small businesses to get competent accounting or bookkeeping staff or help. And you know well what the consequences are for you and your clients. For one, you spend a significant amount of your time fixing the bookkeeping errors clients make. Numerous surveys of accounting practices have rated this as one of the major challenges accountants face.

How Did This Happen?

All of the above are the easily foreseeable results of using popular DIY accounting software like QuickBooks – solutions that were created for small businesses, but not for professional use.

The question then arises - why recommend these DIY accounting programs to your clients? The response from most accountants is straightforward – “what choice do I have?”

Virtually all of the accounting systems on the market today are DIY systems. Even most cloud-based accounting systems are created primarily for small businesses, and are based on the DIY model. Here's the amazing part: Despite knowing that most small businesses don’t like performing accounting tasks, most accounting system software providers continue to push DIY accounting systems to small businesses.

So What’s the Solution?

It’s simple – eliminate the need for your small business clients to perform accounting functions in their offices, and have your firm handle all accounting functions for them!

You can become the solution by offering complete accounting services to your clients, including paying bills, recording transactions, performing trial balance work, creating financials, and managing your clients’ cash flow and business finances.

Free e-book: Cure your clients' pain - and yours too