About AccountsIQ

AccountsIQ is a cloud accounting software that simplifies the capture, process, and reporting of financial data. It offers intuitive tools to automate consolidation, manage budget, audit, digital VAT returns, and cash flow. It is suitable for small to medium-size businesses in all industries and is designed specifically to suit business environments where multiple entities need access to a common platform. With a flexible 3-tier General Ledger and 6 dimensions BI coding structure, AccountsIQ enables detailed and granular reporting and performance to be benchmarked across a group network. It includes 250 reports, management reporting packs, and dashboards and has an Excel Add-In and Power BI connection for customized analysis. AccountsIQ’s consolidation module makes it easy to consolidate multiple subsidiaries and manage complex ownership, handle foreign currency, centrally control exchange rates, and simplify intercompany recharging. Additionally, the stock management feature allows companies to track inventory levels and create multiple price lists. It is an ideal time-saving solution for multi-company and multi-location businesses. AccountsIQ’s budgeting feature enables users to measure actual results compared with planned budgets to analyze consistencies and variances in performance. This solution allows users to create budgets in different currencies to be converted into common currencies for comparison. Project accounting features enable easy billing and measurement against KPIs and a Time and Expenses Module enables users to manage projects and avoid Revenue Leakage. With an expense capture and approval mobile app, AccountsIQ is able to streamline workflow approvals of purchase orders and invoices. User and client access management controls are included with customizable charts of accounts, GL coding, and dashboards. AccountsIQ is easily integrated through its open API with other Cloud systems to deliver business-wide efficiencies. It is priced per-month and pricing scales depending on the number of entities and functionality.
AccountsIQ Software - CFO dashboard
AccountsIQ Software - Sales dashboard
AccountsIQ Software - GL explorer
AccountsIQ Software - Group management
AccountsIQ Software - Transaction browser
AccountsIQ Software - User profile management
AccountsIQ video
AccountsIQ Software - CFO dashboard - thumbnail
AccountsIQ Software - Sales dashboard - thumbnail
AccountsIQ Software - GL explorer - thumbnail
AccountsIQ Software - Group management - thumbnail
AccountsIQ Software - Transaction browser - thumbnail

AccountsIQ pricing

AccountsIQ does not have a free version but does offer a free trial. AccountsIQ paid version starts at US$280.00/month.

Starting Price:
US$280.00/month
Free Version:
No
Free trial:
Yes

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AccountsIQ Reviews for UK Users

Feature rating

Value for Money
5
Functionality
5
Ease of Use
4.5
Customer Support
5
5 reviews of 19 View all reviews
Alastair M.
  • Industry: Newspapers
  • Company size: 201-500 Employees
  • Used Daily for 1+ year
  • Review Source
Value for Money
5
Features
5
Ease of Use
5
Customer Support
5

5
Reviewed on 19/06/2020

Accounts IQ transformed our business

Accounts IQ has helped us to create a much more streamlined, better-controlled and more effective finance team. The back office processes are more efficient, and the enhanced reporting provides us with deeper and richer insights into our business performance. The price point is also very reasonable for the level of functionality that we now have.

Pros

Being cloud-based has been a significant factor for us. One of the main other reasons for selecting Accounts IQ was the consolidation functionality which works really well. In terms of fitting in with our business processes, it gives us so much more functionality that it has helped to drive necessary changes in the way that we operate, in a very beneficial way.

Cons

The only real challenge we found was with our staff getting used to a different software system to do their work. Otherwise it has only improved our processes, controls and reporting.

Response from AccountsIQ

Thanks Alastair for such a glowing review!

Replied 08/07/2020
Nick T.
  • Industry: Commercial Real Estate
  • Company size: 51-200 Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
5
Features
5
Ease of Use
5
Customer Support
5

5
Reviewed on 09/08/2018

AccountsIQ Saves us a Day a Week in Processing Time

The structure of the coding framework in AccountsIQ is extremely flexible and saves us so much time when preparing our external financial reports. We have added seven or eight entities since implementing AccountsIQ and we simply replicate the original model for each new subsidiary. It is a very uncomplicated approach and a time-saving solution for group companies.

We've integrated AccountsIQ with other business systems such as electronic document management and a property management system. These integrations save us so much time and reduce the risk of human error. AccountsIQ also synchs batch payments with our online banking, which also reduces duplication of work.

AccountsIQ’s customer success team are excellent. They helped us define dashboard reports which provide financial analysis in a very consumable way, allowing us to quickly identify areas in which we need to take action.

Pros

AccountsIQ saves us a day a week in processing time in data entry from other business systems, reconciliation, and automated invoice processing which allows us to spend more time on strategic tasks such as analysing and presenting information so that the senior management team can make more informed decisions.

AccountsIQ simplifies complex consolidation procedures; and has enabled us to integrate information from our property management system Landmark; and provide insightful management reports using dashboards.

We like the fact it has helped us streamline processes, it saves us a huge amount of time, it's a scalable system too. The advanced Business Intelligence, reporting and consolidation functionality are very good. We need to produce reports for our investors and it's really easy to get these on demand from AccountsIQ.

Cons

There isn't anything I don't like and we're glad we found AccountsIQ.

Marianna W.
  • Industry: Architecture & Planning
  • Company size: 11-50 Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
5
Features
3
Ease of Use
5
Customer Support
5

3
Reviewed on 12/05/2021

Meitheal

We are using AIQ for the past 4 years. Reporting was back there very unreliable and the format not very friendly. On the other hand, I can say the progress and development on everything else is fantastic. I like working it.

Pros

support team is excellent. Whenever I need a guidance or assistance, support team reacts promptly with no delays.

Cons

Generating and search for the report is sometimes time consuming.

Simon B.
  • Industry: Oil & Energy
  • Company size: 51-200 Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
5
Features
5
Ease of Use
5
Customer Support
5

5
Reviewed on 30/03/2021

Happy we chose AccountsIQ

A smooth implementation through to responsive customer service

Pros

Easy to use and flexible unlike finance software of old. Consolidation saves days each month vs previous methods. Gaining more business insight with the reporting functionality.

Cons

Nothing significant to note, any system errors have been quickly resolved by tech support

Response from AccountsIQ

Thank you Simon for your kind review, we are delighted you are enjoying using AccountsIQ's cloud accounting software.

Replied 10/05/2021
Gerry M.
  • Used Daily for 2+ years
  • Review Source
Value for Money
5
Features
5
Ease of Use
5
Customer Support
5

5
Reviewed on 13/02/2018

Staff & clients love using AccountsIQ software, it allows us to access live information in the...

Pros

AccountsIQ helped us to move away from the old model of sharing data sets with clients. We can work much more easily with our clients now, sharing access to the same real-time information stored in the Cloud.
AccountsIQ has become an important part of our ongoing development, and is part of our strategy to move forward. The software enables us to offer our services to new consumer-based sectors such as retail, and will allow us to process much higher volumes of transactions through automated Accounts Payable.
We have over 40 clients supported on AccountsIQ.
With AccountsIQ we can work collaboratively and they respond to our needs and work with us to improve the accounting service we provide to clients. We feel we have the partnership we were looking for. The next step is integrating with CRM software and banking software.

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