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User review of Accounting Power

Avoid Accountant’s World products like the plague!!!!

- by Anonymous Reviewer

USER SATISFACTION

RECOMMENDATION
1 out of 7
Never
COST EFFICENCY
1out of 7
Awful
OVERALL IMPRESSION
1out of 5
very poor
EASE OF USE
1out of 5
very poor
CUSTOMER SUPPORT
1out of 5
very poor

PROS & CONS

What are the best aspects of this product?

Their salesmen are great and friendly. I seriously cannot think of another good thing to say about them.



SAVE YOUR MONEY!! Buy something else, anything else! I've been a CPA since 1996 and I can't recall a worse product. Well maybe QuickBooks Online, but that's about it.

What aspects are problematic or could work better?

Literally everything. This product is AWFUL!!! I switched from Accounting CS to Accounting Power and have regretted it every single day. Literally nothing about this product is ready for use by a professional accounting firm.

What features/services would you like to see in future versions of this product?

Bank feeds that work and actually support the banks my clients use. The ability to add additional equity accounts that close out retained earnings. This helps when you have to track multiple partner accounts or have a correction of a prior period error that you'd like to keep track of and highlight. I'd like the ability to create customizable financial statements. I created an income statements in Accounting CS that mimicked page one of the S-Corp/Partnership and C-Corp tax returns as a great internal control over my product quality.

What specific problems in your company were solved by this product?

Literally none. They've created more problems than what I thought I had with Accounting CS. I had to buy another payroll solution to handle my high check volume clients because it would be cost prohibitive. I pay more for a solution that delivers less!

Are you a current user of this product?

Yes

USER DETAILS

How long have you been using this product?

Less than 1 year

COMPANY DETAILS

What is your company size?

1-10 Employees

What is your industry?

Accounting

USAGE & IMPLEMENTATION

Did your company use a different software before this one?

Yes

What software did you use before?

Accounting CS

Why did you decide to change it?

Productivity features did not work as advertised.

Are you satisfied with the change?

No. Am thinking about switching back or looking at Sage.

How did your company implement this product?

in the cloud

How long did it take to set up this product?

more than 1 month

How many people in your company actively use this product?

all employees

What is the primary use of this product in your company?

mostly B2C

PRICING & COSTS

What was the cost of implementing this product?

Bought as part of a package, over $4,500 including payroll.

What is your total annual cost for using this product?

Over $4,500 including payroll (payroll is EXTEREMLY expensive!)

How long is your contract with the vendor?

1 year

Did you get any discount for this product? How much?

Yes. 10% or so.

FEATURE DETAILS

General Ledger

Journal Entries
1
very poor
Tags/Dimensions
1
very poor
Audit Trail
3
ok

Reporting and Analytics

Financial Statements
1
very poor
Custom Reporting
1
very poor
Budgeting/Forecasting
1
very poor
Dashboards
4
very good

Platform

Customization
1
very poor
Workflow Capability
3
ok
User, Role, and Access Management
4
very good
Output Document Generation
1
very poor

Integration

Data Import and Export Tools
1
very poor
Integration APIs
1
very poor

Others

Reconciliations
4
very good
Payroll
2
mediocre