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Accounting Power

by IRIS Software Group · Since 2001
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Active1+ countriesCloud
Quick facts
VendorIRIS Software Group
Year launched2001
StatusActive
Location140 Fell Court, Suite 201, Hauppauge, NY 11788, USA
Countries served1+
Languages1
Integrations9+
Free tier
Free trial
Contact salesYES

About Accounting Power

Accounting Power is an accounting software platform from IRIS Software Group that provides comprehensive capabilities for accountants. It includes a G/L Accounting System, trial balance management, and financial statement preparation so it helps professionals manage their client accounting more effectively. Accounting Power supports after-the-fact write-up processes, potentially increasing profitability by 30-40%. Additionally, the platform integrates with Payroll Relief and offers solutions specifically designed for Client Accounting Services (CAS). This ensures that accountants can handle various client needs efficiently and accurately. Key capabilities: G/L Accounting System Trial Balance Management Financial Statement Preparation CAS Solutions Payroll Solutions Best for: accountants that need to manage client accounting and improve service delivery.

Accounting Power by IRIS Software Group emerges as a formidable tool tailored specifically for accountants, aiming to enhance their efficiency in managing clients' accounting needs. This comprehensive accounting solution provides a robust suite of features designed to streamline various accounting processes and improve overall productivity. With its core functionalities, including multi-currency support, job costing, customizable chart of accounts, and integrated payroll management, Accounting Power addresses the complex demands of modern accounting professionals, delivering a high level of control and precision. One of the most compelling aspects of Accounting Power is its user interface. The software is designed with an emphasis on usability and clarity. The dashboard presents a clean and well-organized layout, making it easy for users to navigate through different functions. The interface benefits from unique design elements such as customizable widgets and a drag-and-drop feature, which contribute to a more intuitive and personalized user experience. Additionally, the inclusion of a comprehensive help section and tooltips aids users in understanding the various features and functionalities, reducing the learning curve and enhancing overall usability.

Pros & Cons

What users like
  • +Designed for Accountants: Accounting Power specifically caters to the needs of professional accountants, providing tools for write-up, trial balance, financial reporting, and more.
  • +Customizable: The software can be tailored to the unique requirements of each client, allowing for greater flexibility and personalization.
  • +Efficient and Accurate: Accounting Power enables accountants to perform their work faster and with higher precision, improving overall productivity.
  • +Financial Reporting: Users highlight the robust financial reporting features, including consolidated reporting and easy emailing of reports.
  • +Cloud-Based: Users appreciate the ability to access their accounting data from anywhere with an internet connection.
  • +Ease of Use: Many reviewers note the software's intuitive interface and ease of performing various accounting tasks.
What users flag
  • Customer Support: Some reviewers express dissatisfaction with the quality and responsiveness of customer support.
  • Limited Features: Compared to some alternatives, Accounting Power may lack certain features like project accounting, purchase order management, and fixed asset management.
  • Glitches and Errors: Some users report encountering bugs and technical issues, leading to data corruption and the need for manual fixes.
  • Limited Search Functionality: The search function within the software may be less robust than desired, limiting users' ability to locate specific transactions or data.
  • Lack of Backup Feature: Users note the absence of an automatic backup function, potentially leaving data vulnerable to loss.

Features

Key features

1. Accounting Power
Premier accounting software exclusively designed for professional accountants to overcome challenges created by accounting software sold directly to clients.
2. Comprehensive capabilities
Includes a customizable trial balance with notes, adjustable entries, fully customizable financial statements, multiple periods, and the ability to analyze entries.
3. After-the-fact write-up
Makes write-up work 30-40% more profitable with bank feeds and streamlined workflow.
4. G/L Accounting System
Offers a comprehensive G/L system with banking, A/R, A/P, job costing, and inventory, featuring a digital check feature for efficient bill payment.
5. Collaborative work
Enables collaboration with clients who want to share accounting work through Accounting Power CAS.
6. Bill Payment Services
Built-in bill payment module eliminates the need for external solutions, streamlining bill payment and management.
7. Outsourced Accounting
Offers a premier solution for offering Client Accounting Services (CAS) profitably and easily.
8. Advisory / Virtual CFO services
Provides tools for offering advisory services such as cash flow management, KPI tracking, budgeting, forecasting, and performance analysis.

Additional features

1. Professional system
2. Fully integrated G/L system
3. Write-up system with bank feeds
4. Customizable trial balance with notes
5. Adjustable entries
6. Fully customizable financial statements
7. Multiple periods, including 13-month periods
8. Ability to analyze and review an entry using trial balance, financials, journals or general ledger
9. Bank feeds feature
10. G/L system with banking, A/R, A/P, job costing, and inventory
11. Digital check feature
12. Client access customization
13. Built-in bill payment module
14. Streamlined workflow for bill payment and receivable services
15. Alerts
16. Snapshot
17. Budget preparation
18. Dashboard
19. Performance analysis
20. Financial ratios

Pricing

Free trial
Free version
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Countries & Languages

1
Countries served
1
Interface languages
10
Billing currencies

Available in

All Countries.

Interface languages

English

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇦🇺AUD🇨🇦CAD🇯🇵JPY🇳🇿NZD🇨🇭CHF🇨🇳CNY🇸🇪SEK

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