CPA_Practice_Advisor_July_2020 - 9

SMALL BUSINESS ACCOUNTING SYSTEMS: REVIEW
AccountantsWorld Accounting Power www.accountantsworld.com
Accounting Power from AccountantsWorld, offers a dual
method of delivering both bookkeeping and accounting
functionality. Designed to streamline the workflow
process, Accounting Power allows firms to offer complete
bookkeeping and accounting services to their clients,
with complete client write-up available as well.
Accounting Power is currently available in two versions: Accounting Power Professional and Accounting
Power CAS, with both versions completely cloud based.

The major differentiator in Accounting Power is the flexibility it provides firms by letting them choose the level of
accounting services they wish to provide, with an option
to provide complete accounting services, financial statement preparation, or a custom combination of the two.
Best used with other AccountantsWorld applications,
Accounting Power offers the best of both worlds, enabling
firms to offer their clients bookkeeping and accounting
services. Designed to be collaborative, Accounting Power

AccountEdge Pro
AccountEdge Pro is a good fit for small to mid-sized
businesses as well as growing businesses. Scalable,
AccountEdge Pro offers flexible deployment options
including on-premise deployment, the option to host
on-premise applications remotely, as well as two products
that offer cloud accessibility.
The latest version of AccountEdge offers both tax
and reporting updates along with the option to mass-

www.accountedge.com
email customer statements using AccountEdge Connect,
which is designed to offer online access to the on-premise
application.
The two on-premise applications: AccountEdge Basic
and AccountEdge Pro, are currently priced at $149 and
$399 respectively, with remote access extra. For those
who prefer cloud accessibility, AccountEdge Priority
Zoom is currently $50/month for a single user, with

AccountingSuite
AccountingSuite is designed for small to mid-size businesses. Accessible from the cloud, AccountingSuite offers
cloud banking, accounting and reporting, purchasing,
project and time tracking, inventory management, and
cloud commerce capability, with users able to choose
the modules they wish to use.
AccountingSuite's user interface is pleasantly
designed, with workflow areas displayed for Accounting/Banking, Sales, Purchases, Inventory, Project/Time

www.accountingsuite.com
Tracking, and Support. Any areas that are not available
in the plan subscribed to are displayed but grayed out.
A vertical menu bar offers quick access to all system
features, though it takes you to a basic list of features,
which is unexpected.
AccountingSuite is a good solution for smaller businesses with up to 99 system users that are looking for an
all-in-one accounting solution. AccountingSuite currently
offers four plans: Startup, a single-user system, is $19 per

Denali Business Accounting Software
Denali Business Accounting, from Cougar Mountain
Software, is a good fit for small to mid-sized businesses
looking for a complete financial application. Denali can
be deployed as an on-premise application or users can
access the application on the cloud.
Denali includes numerous modules including AP,
AR, Bank Reconciliation, GL, Inventory, Payroll, Purchase
Order, Point of Sale, and Order Entry. In addition, all Denali

FreshBooks
FreshBooks is best suited for sole proprietors, freelancers, and consultants who are looking for easy account
management and solid invoicing capability. FreshBooks offers complete accounting capability as well
as integration with numerous third-party applications.
Though FreshBooks also offers a Teams version which
is suitable for small businesses with a few employees,
the application is best used by individuals who are

www.cougarmtn.com

purchases will include the Controller module, which is
where users will set up their business and maintain company information including fiscal year and system users.
Denali Business from Cougar Mountain Software is
a good fit for small and growing businesses. Denali currently offers three product plans: Basecamp, Ascent, and
Summit, with each version offering an increasing number
of modules. Users can also build their own system, pur-

www.freshbooks.com
looking for good accounting capability in an easy to
use application.
FreshBooks users can access the system from
anywhere, with apps for iOS and Android devices.
FreshBooks offers four plans: Lite, which is $15 per
month; Plus, which is $25 per month; Premium, which
is $50 per month; and Select, which supports more
than 500 billable clients, with Select pricing directly

2020 OVERALL RATING

4.75