Perhaps the most original and defining feature of Accounting Relief is its support for client collaboration. Instead of off-the-shelf, “client-centric” software that clients can use on their own without any accounting knowledge, Accounting Relief is an “accountant-centric” application that accountants can customize individually to meet the needs and capabilities of each client.

In this way, clients without an accounting background can enter checks and deposits on screen, while trained bookkeepers can access a wide range of more advanced capabilities such as A/R, A/P, and Bank Reconciliation. While users are entering this data in a familiar on-screen format, transactions are being written behind the scenes error-free to the Accounting Relief Pro modules, from where accountants can view the same data and prepare their adjustments and financials. And because Accounting Relief is Internet-based, both accountant and client can log in to the same application, without having to transfer data back and forth between incompatible systems.

Accounting Relief offers a full-fledged Accounts Receivable system for recording and tracking sales—including invoicing, receipts for bill payment, aging, reporting, and much more. Once the simple setup procedure is complete, all journal entries are generated automatically from on-screen invoice entry, with transactions written behind the scenes to the correct sales accounts.

The Expenses module lets you set up vendors, enter bills, print checks, and enter credit memos. Once vendors are set up with default accounts, simple vendor bill entry ensures that error-free transactions are automatically passed behind the scenes to the appropriate accounts and journals.

Job costing on Accounting Relief lets user track costs and income by job. It also allows tracking by phases or sub parts of a job and different categories of jobs. There are several different reports including job profit & loss analysis, job profitability report, and jobs lists, as well as on-screen tools for analyzing jobs.

Accounting Relief's Inventory Management functionality helps users track inventory and plan purchases. Users can see how items and services are moving through the sales and purchasing processes, and how they are performing for their business. It tracks quantities at hand and analyzes cost of products when they are purchased and profits realized when sold.

Basic to the accountant feature set in Accounting Relief Pro are the write-up and trial balance modules. These functions are powerful enough to be used for entering data by themselves, but they also collect automatically all transaction data entered through the Bookkeeping module. In this way both accountant and client can use the same system for doing their work, with the accountant totally in control. Highlights of the write-up and trial balance modules include the ability to drill down from the trial balance to any component transaction, the extensive series of financial ratios, and the ability to create custom templates for recurring journal entries.

Accounting Relief provides a complete set of financials including balance sheet, income statement, and cash flows statement; along with title page, table of contents, accountant’s letter, and notes. A professional set of financials can easily be generated using our system defaults, while more ambitious users can customize each statement to group accounts, create supplemental schedules, design multiple formats for various recipients, and much more. Accountants can also control which financials their clients can print.

A well-tuned network of integration minimizes duplication of effort, ensures consistency, and provides a seamless transition to and from other software packages. Accounting Relief integrates both with external packages like QuickBooks and Peachtree, and with other components of AccountantsWorld’s Power Practice System.

Accounting Relief has been designed to offer you and your clients virtually every capability you would expect from any comparable accounting system.

• Flexible setup, including 30 industry-specific charts of accounts and the option to copy accounts and other setup information from another client.
• Simple entry of transactions by department, with full reporting capabilities.
• Upload electronic transactions from bank or credit card statements, thus minimizing data entry and automatically generating the Bank Reconciliation.
• Track profit and loss by the types of jobs your company performs and the categories of expenses incurred in performing them.
• Easy reporting of sales tax.
• Easy consolidations, with consolidated financials.

Accounting Relief integrates seamlessly with CyberCabinet—our client portal and document management system. All reports and financials are automatically stored in secured CyberCabinet. Both clients and firm can easily access these materials to view and download at any time and from any location.

With this integration, AccountantsWorld makes client accounting completely paperless. Clients can scan vendor bills, bank statements and other documents directly to CyberCabinet. When your staff logs in to do that client’s bookkeeping, all unpaid bills are displayed on the screen. After data entry, the source document is automatically attached to the data field.

Not only does this make accounting paperless, accountants can now make bookkeeping more profitable and offer bill payment service.

To best manage your practice and your clients, Accounting Relief offers a Client Snapshot, which lets you view essential statistical and financial information for each of your clients in summary form. The snapshot also alerts you to transactions and balances that fall outside of the range that you’ve prescribed (as set up through Accounting Relief’s customizable Alerts feature). This keeps you informed on a single screen of various conditions in a client’s business profile that might require monitoring or follow-up action.

While working with any client, you can access a fully customizable Dashboard that displays a more detailed overview of each company's situation including quick links and useful graphs. Finally, you can communicate information internally about each client through a set of electronic notes that offer a checklist, to-do list, and more.

Good communication between you and your clients is essential for a smoothly functioning accounting-centric system. Accounting Relief’s innovative Instant Messaging tool lets accountants and clients communicate electronically and securely. The program also automatically sends several e-mails to clients, for example to alert them that a period or year has been closed. And customizable alerts keep you informed on a single screen of various conditions in a client’s business profile that might require monitoring or follow-up action.

Even with its simplicity of design, Accounting Relief offers extensive tools for you to realize all its potential. We provide over 20 short training videos that cover most major functions. Plus, regularly scheduled online Webinars provide live or recorded demonstrations on how to use various modules.