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Wednesday
Jun172015

AccountantsWorld Partners with Abacus Worldwide to Offer Power Practice System to their Members

AccountantsWorld, a pioneer in cloud-based software solutions for accountants for over 15 years, has announced their alliance with Abacus Worldwide and will now be offering a discount to Abacus members for their Power Practice System accounting software.    

“We are excited to be working with Abacus and believe that our solutions can really help their firms move their business forward,” said AccountantsWorld President, Jeff Gramlich. The Power Practice System is a fully integrated suite of Accountant-Focused cloud solutions. “Our Power Practice System includes cloud solutions for bookkeeping, trial balance, document management, client portals, practice management, website builder, and more.  It includes virtually everything an accountant needs to manage and grow their practice” continued Jeff.

“Abacus Worldwide is truly pleased to be working with AccountantsWorld for the enhanced benefit of our association members. Abacus strives to align with top service providers to both the accounting and legal industry and we feel that AccountantsWorld are leaders and innovators for the accounting industry,” said Abacus Worldwide President and CEO, Julio Gabay.

 

About AccountantsWorld

For over 15 years, AccountantsWorld has been the leading provider of cloud-based solutions for accountants. AccountantsWorld offers a complete, integrated suite of innovative accountingpayroll, and practice management solutions that help accountants work collaboratively with clients to foster greater client loyalty and improve practice bottom lines. 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. 

 

 About Abacus Worldwide

 Abacus Worldwide is an alliance comprised of independently owned and managed professional service firms providing direct access to law firms and accounting firms in every region of the world.  As a multi-discipline membership association, both law and accounting firms join Abacus in order to support international business referrals, participate in knowledge exchange and gain access to practice management tools all to better serve their growing clients. For more information about Abacus Worldwide, visit http://www.abacusworldwide.org/

Wednesday
May062015

An important development in accounting that every practicing CPA must know about.

By Dr. Chandra Bhansali, AccountantsWorld

Now that migration to the cloud is inevitable, proactive CPAs are finding ways to take advantage of the cloud to revamp their practices, and are evaluating the changes to their core services - tax, accounting, and payroll - made possible by the cloud.

In this article, we’ll focus on how cloud technology has enabled an important breakthrough in client accounting.

The development of DIY (Do-It-Yourself) accounting software, led by Intuit, fundamentally changed accounting, and today, the DIY model is the norm for accounting software. Almost all accounting systems, whether desktop or cloud-based, are created primarily for small businesses, and are sold directly to them.

DIY accounting systems undoubtedly offered considerable advantages compared to the manual accounting they replaced, but they have also created many challenges for accountants. DIY systems have taken control of accounting away from accountants, and the bookkeeping errors clients make while using DIY software products have become a major source of wasted time and effort for accountants. Many accountants also feel that DIY accounting systems reduce their standing and relevance in their clients’ minds.

While most cloud solutions are based on DIY model, a new DDIY model has emerged that harnesses the cloud to give control of accounting back to accountants, lets accountants overcome the challenges they currently face, and makes accounting more profitable and rewarding.

The cloud-based DDIY accounting system takes the opposite approach to the DIY model. While DIY software was created for small businesses and is sold directly to them, DDIY software is a professional system that is sold exclusively to accountants. It lets accountants work collaboratively with their clients while they remain in full control.

An important advantage of the DDIY system is that accountants can give their clients as much or as little involvement that’s right for each client. Accountants can easily undertake all accounting functions for the clients who prefer not to do any accounting work. The DDIY model makes offering complete accounting services highly profitable, because with the DDIY software, your staff can do what your clients’ staff currently does, only fast, easier and more accurately, all without leaving your office.

Because DDIY systems can be easily customized for each client, you can work collaboratively with clients who want to maintain some involvement in accounting, enabling them to perform the functions that suit their needs and abilities.

For the clients who prefer to write checks by hand, you can perform after-the-fact write-up work much faster than ever before. Automatic downloading of credit card and bank transactions can virtually eliminate data-entry, and can reduce the time spent on write-up engagements by 50-70%.

If you have clients who are better served by a system other than the DDIY system you offer, those clients can continue to use the system that best meets their needs. The DDIY system enables you to download data from the systems they use and use your own DDIY system to perform trial balance work and prepare fully-customizable financials.

Another useful advantage of the DDIY model is that it lets you offer your clients timely financial advice for managing their cash flow and running their businesses efficiently. 

The DDIY model not only makes your accounting practice highly profitable, it also makes it more rewarding by raising your relevance.

Now you can tell your clients, “Don’t-Decide-It-Yourself. Let’s work together to make accounting painless for you.”

That’s why the new model is called the DDIY model.

To learn more about the DDIY model, click here to watch a 2-minute video. 

Dr. Chandra Bhansali is CEO of AccountantsWorld, a pioneer in cloud solutions for accountants and the developer of the DDIY model of accounting software. AccountantsWorld offers a full suite of seven cloud solutions. 

Thursday
Dec182014

Sharada Bhansali, Co-founder of AccountantsWorld, named one of the Top Most Powerful Women in Accounting

Hauppauge, NY, December 18, 2014 – AccountantsWorld, a leading provider of cloud-based solutions for accountants is proud to announce that CPA Practice Advisor has named Sharada Bhansali, Co-founder of AccountantsWorld, one of the Top Most Powerful Women in Accounting. The announcement and awards were presented at The Sleeter Group’s 2014 Accounting Solutions Conference held November 9-12 at Caesar’s Palace in Las Vegas.

The award reflects the ever increasing number of women involved in the accounting industry and the influence that they have in the development of technology which helps accountants succeed and grow their practices. “This is truly a great honor, not only for me, but for professional women all across the United States. It reflects how the industry has changed, and demonstrates the impact that women have had on all areas of the industry be it technology, research or running their own  business” said Sharada.

Sharada holds a Master’s degree in both Engineering and Mathematics. She has led the development of a new class of "Accountant-Centric" solutions, making a long-lasting, significant contribution to the accounting profession. As an entrepreneur, Sharada has been serving the accounting profession for over 30 years. In 1984, she founded AccountantsWorld’s predecessor, Micro Vision Software, a leading producer of desktop solutions for accounting professionals. Micro Vision’s Tax Relief system was one of the most highly acclaimed professional tax software packages and the first to take full advantage of the Microsoft Windows platform.  Along with her husband, Dr. Chandra Bhansali, Sharada co-founded AccountantsWorld where together they are forging new paths with cutting edge, accounting-centric software such as Accounting Power™, Payroll Relief, Cloud Cabinet, Website Relief, Directory Listing, After-the-Fact Payroll and Practice Relief - all designed specifically for accountants.

About AccountantsWorld
For over 27 years, AccountantsWorld has been the leading provider of cloud-based solutions for accountants. AccountantsWorld offers a complete, integrated suite of innovative accounting, payroll, and practice management solutions to help accountants work collaboratively with clients, foster greater client loyalty, and improve the profitability of their practices. AccountantsWorld is also the only leading cloud solution provider that puts Accountants First™ by never competing with accountants or selling services directly to their clients.

For more information go to www.AccountantsWorld.com and follow them on LinkedIn and Twitter at https://www.linkedin.com/company/accountantsworld and https://twitter.com/PowerAccountant

Thursday
Dec112014

The Most Important Letter Ever Written to Accounting Clients

You must be wondering what makes us claim this as the most important letter ever written to accounting clients. Here are the two prime reasons:

  1. This letter is most timely. Times like this come only every 20-30 years.
  2. I’m confident you’ll agree that the advice given in this letter will solve the most frustrating accounting problem small businesses have been facing for decades.

After reading the letter below, if you decide that you want to be able to give this valuable, timely advice to your business clients and reaffirm your status as their most trusted advisor, then call us at 888-999-1366 to find out how to get started.

DDIY—the Next Big Thing in Accounting

Also, we would love to hear your comments about the advice for your clients in this letter. Please drop us an email at marketing@accountantsworld.com.

***********************************************************************************************

Dear <<First name>>:

Let me ask you a simple question - do your clients look up to you for good, timely advice that they can use in their businesses?

I’m sure they do, and I’m sure you live up to their expectations.

Now here is the tough question - when was the last time you gave important advice to all your business clients that delighted them?

It’s not important that you may not remember. What’s important is that here’s advice you can give your clients today that will delight them for years to come and reaffirm you as their most trusted advisor:

The advice is simple— DDIY, Don’t-Decide-It-Yourself. Let me help you.”

You must have given this advice many times in the past, but it’s a lot more valuable today for one reason: You may not have heard about the major announcement Brad Smith, Intuit’s CEO, recently made - within the next couple of years, Intuit expects to derive over 70% of its revenues from the cloud.

What this means is that Intuit wants to push you and your clients to use QuickBooks Online. Therefore, it is crucial that you know some important facts.

QuickBooks Online is a very different system than QuickBooks, so obviously it will require a steep learning curve. And what will your clients gain after going through this pain? Virtually nothing!

You know pretty well that doing any accounting work in-house is a major headache for most small business clients. Neither QuickBooks Online nor any other accounting software for that matter can make accounting painless for them. Only you—the accounting professional—can!

Now your firm can eliminate the need for your clients to learn QuickBooks Online, do any accounting work in-house, or manage an accounting or bookkeeping staff.

Wouldn’t most clients jump at this opportunity? You know they would.

Thanks to cloud-based Accounting Power from AccountantsWorld, you can now offer your clients high-quality, complete accounting services without having your clients incur any additional cost—while giving your bottom line a big boost!

What makes this possible? Using Accounting Power, now your staff can do what your clients’ staff does, only better, faster, and more accurately – all without leaving your office

Sincerely,

Dr. Chandra Bhansali
Co-founder and CEO

Tuesday
Dec092014

Are You Ready for the Cloud?

AccountantsWorld president Jeff Gramlich discusses how accounting can address technology concerns around using cloud technology, in an interview with Accounting Today editor-in-chief Dan Hood.

http://bit.ly/1Ivtqw2