CPA Practice Advisor

DEC 2014

Today's Technology for Tomorrow's Firm.

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December 2014 • www.CPAPracticeAdvisor.com 19 TIME & BILLING Reviews BEST FIT Accounting and tax practices who p re f er t h e any w h ere, any t i m e accessibility of a web-based time and billing solution, particularly users of other parts of the Accoun- tantsWorld Power Practice suite. STRENGTHS • Excellent integration with other programs in AccountantsWorld's Power Practice suite. • Easy set-up and an easy-to-use i nter f ac e t h at work s w it h a l l major internet browsers. Since it works through a browser, users do not need to install the system or updates, a s t h is is done by AccountantsWorld. • Good client collaboration and com mun ication tools, such as built-in email and batch email functions and instant messaging that makes it easy for clients and frm staf to troubleshoot issues. POTENTIAL LIMITATIONS • T h e s y s t e m d o e s n o t o f f e r tracking of frm staf PTO or sick time. • T he f u l l benef it s of P r ac t ic e Relief are achieved when used as a part of the broader suite, how- ever, it is functional as a stand- alone application. SUMMARY & PRICING Practice Relief ofers a good tool for s m a l l a n d m i d - s i z e d f i r m s t o manage staf time and client proj- ects, and client invoicing functions. As a web-based program, it allows convenient any time/any w here access for both the frm and clients. Practice Relief is priced at $49 per month, or $495 per year for any number of users and clients. www.AccountantsWorld.com BEST FIT Accounting and professional ser- vices frms of any size who want a powerful time, billing, expense and p r o j e c t m a n a g e m e n t s y s t e m , whether tracking for productivity management or for time-based billing purposes. STRENGTHS • M u l t i - l e v e l t i m e s h e e t a n d expense entry approvals system • Web-based interface for time and expense entry, along with mobile apps • Extensive integration options • A u t o m a t e d a l e r t s , d u e d a t e reminders and other customiza- tion functions POTENTIAL LIMITATIONS • Does not of fer a f u l l accounts receivable module • Extensive functionality, reporting and customization features may require formal training SUMMARY & PRICING With almost 20 years of develop- ment, Abak 360 is a mature time and billing product from Abak Sofware, offering extensive management functions, detailed reporting, and total customization, along with data entry options that make it simple to use and manage junior staff. The s y s t e m i n c l u d e s utilities for tracking WIPs, projects, cost m a n a g e m e n t , approvals processes, full invoicing and management of vendors. Te system also integrates with other project management and workfow systems from Abak and its parent company, Sirius Sofware. www.AbakSoftware.com AccountantsWorld Practice Relief Abak 360 Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/12022228 Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/12022787 4.75 4.75 2014 OVERALL RATING 2014 OVERALL RATING DETAILS COMING SOON! Thought Leader 2015

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