AccountantsWorld Greatly Enhances Core Services by Letting Accountants and Small Businesses Collaborate

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AccountantsWorld Greatly Enhances Core Services by Letting Accountants and Small Businesses Collaborate

10th October, 2007

AccountantsWorld announced today the unveiling of its new web-based software product Accounting Relief(R), which lets accountants collaborate with their small business clients to help them streamline accounting and manage their finances more effectively.

"Most bookkeeping programs are excellent -- when the clients know what they're doing. But most of the time they don't, and that creates a mess. Accountants spend enormous amounts of time correcting the mistakes clients make before they can do their work and produce finished financial statements," said Dr. Chandra Bhansali, CEO of AccountantsWorld. "When you consider the complete workflow that includes the work performed by accountants, the entire process of managing small business finances is marred with many problems and significant inefficiencies. Accounting Relief eliminates these issues and offers many new capabilities that benefit both accountants and their small business clients."

Accounting Relief is the first unified system that includes everything that accountants and their small business clients need -- a comprehensive write-up, trial balance, and financial reporting system for accountants, combined with a robust, fully customizable bookkeeping module for clients. Clients enter bookkeeping transactions; then using the same data, accountants perform their work, produce financial statements, and present an accurate picture of the client's business finances in real-time.

Sold only to accountants, Accounting Relief offers the especially powerful capability that accountants can customize the system for each client and give them access only to the functions they need and can perform comfortably. This capability reduces client errors significantly, simplifies bookkeeping for small businesses, and greatly increases productivity for both accountants and their small business clients.

Thanks to its web-based design, Accounting Relief lets accountants and clients work together in real time from anywhere, effectively eliminating the cumbersome file transfer and synchronization process so common in many PC- based accounting systems. Additionally, Accounting Relief eliminates the risk of data loss and corruption due to computer viruses and hard disk crashes, a major concern for small businesses.

"Correcting client errors and working with different versions of programs our clients used were a nightmare," says Hector Garcia, a CPA in San Antonio, TX. "Because of these problems, we could not spend as much time on advisement as we wanted to. Another problem was that previously we could not assist our clients with cash flow management as effectively, because the data was old by the time we got it." Garcia continues: "Accounting Relief has virtually eliminated these problems. With real time access to client data, we can help our clients manage their cash flow more effectively, which clients appreciate greatly. Our clients also like the fact that we have simplified bookkeeping for them."

"From a small business perspective, Accounting Relief is a turnkey solution to their accounting hassles," continued Dr. Bhansali. "They simply login through their accountant's website and instantly have access to their bookkeeping and cash flow management system, fully customized to their business's needs."

About AccountantsWorld

Based in Long Island, New York, AccountantsWorld is a 22-year veteran serving the accounting profession. For the past five years, its focus has been to develop web-based solutions that let accountants and their clients collaborate on core small business services including accounting, financial management, and payroll. As the most trusted advisors to their clients, accountants play a major role in helping their small business clients manage and grow their business. By facilitating stronger collaboration between accountants and their small business clients, AccountantsWorld is reshaping the way these clients manage their business.

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