AccountantsWorld Integrates Ledgersync Bank Feeds into Accounting Power

Leading cloud-based solution provider AccountantsWorld has announced a new integration with Ledgersync into its five-star rated

Accounting Power software. The Ledgersync integration turns traditionally low-margin write-up work into a highly profitable service, while also significantly reducing workload for accountants.

After-the-fact write-up engagements take up 20 to 40 percent of accountants' time, according to AccountantsWorld's system usage data. With the Ledgersync integration, accountants can minimize the labor-intensive write-up work and experience benefits like:

  • Reduced workload – the new feature automatically classifies transactions to the relevant accounts for accountants.
  • Streamlined workflow – all bank and credit card transactions, canceled check images and bank statements can be accessed within the Accounting Power platform.
  • Increased profit margins and efficiency – by eliminating time-consuming, manual data entry, Accounting Power turns after-the-fact write-up work into a profitable service.

"In recent years, accounting has been dominated by DIY systems created for small businesses. This model hurts both accountants and their clients," said Dr. Chandra Bhansali, AccountantsWorld co-founder and CEO. "AccountantsWorld's focus is on putting accountants back in the driver's seat so they can best serve their clients. The integration of Ledgersync with Accounting Power is an important step in this accountant-centric direction."

"Ledgersync is best utilized by professional systems like Accounting Power that accountants find ideal for their write-up work," says Maurice Berdugo, CEO of Ledgersync. "Until now, accountants had to close the books for most write-up clients during the peak of the tax season, which made tax season very stressful. We're truly excited to collaborate with AccountantsWorld as Ledgersync's integration with Accounting Power gives accountants the ability to spread their write-up work throughout the year, making tax season far less stressful."

Accountants such as George Magas, a CPA based in Damascus, Md., says that bank feed feature greatly improves the efficiency and effectiveness of its accounting processes. "The process of connecting to financial institutions and downloading transactions is much faster and more accurate compared to traditional bookkeeping methods of the past." 

For more information, visit www.accountantsworld.com.