AccountsIQ Reviews

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.

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.

On cloud and easy access when out of office

We needed to tailor it o suit a charity which has numerous sources of income including segregated funds.

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.

AccountsIQ is an advanced accounting solution which helps us attract business from larger, multinational hotel groups. Its complex functionality gives us the level of complexity, reporting and consolidation needed to win business at the higher end of the market e.g. multi-company consolidation and multi-currency accounting.

We find AccountsIQ easy to use and it can be easily configured to pull off bespoke reports easily.
AccountsIQ's open API means it is easily integrated with other apps such as AutoEntry's document scanning, this combined solution means we save hundreds of hours a month on data capture, analysis and processing of invoices and reduces the risk of human error.

The business intelligence for clients is fantastic with customised dashboards and readily available insights.

Data segmentation
Integration & automation
Consolidation

The API is good but could be a little more available to extract reporting data from.

It has a high standard across a wide range of finance functions.

The process of getting custom reports created.

The learning portal and ability to attach invoices - general ease of use

Lots of different options for different screens can be confusing but this is only a minor thing that I was able to get over after spending more time on the learning portal.

I like the simplicity of the software while dealing with complex issues behind the interface.

It took a while to grow into the software and I would have liked more help pop ups.

AccountsIQ was selected, because of its clear, simple and intuitive way of working.
Now we have complete transparency and visibility of our financials. We can easily drill down to individual transactions and even down to items on an individual invoice without having to pull out any invoices or backups.
AccountsIQ's implementation team helped design and create a set of customised reports for us.
The reporting is high quality, and it's very simple to extract the information we need. It's a vast improvement over what we had before.
AccountsIQ has been integrated with our bank accounts, so we can manage all payments and receipts online directly with the bank and download all bank transaction data directly and post automatically to AccountsIQ and complete bank reconciliations seamlessly.

Easy to use and paperless processes saves so much time.

Nothing much really. I'd like to spend more of my own time exploring the reporting.

Have all the basic required modules for our entity.

Since have no experience on using the software, I am not in the position to commend on this - what I see in a nutshell, is the best for our environment.

Company are engaged in continuous improvement programme. Essential for the long term viability of the product.

The mobile expenses app was initially seen as a significant game changer. However, we have run into a number of bugs within the app and programme that we feel should have been sorted before the product was launched. We continue to have issues.

The software is intuitive
It's easy to add new entities
It saves us a lot of time which as we're quite a lean team makes such a difference
Great for easy consolidation and multicurrency reporting

Wish I'd found it sooner - there was nothing on the market at this price point that could handle consolidation with ease.

Document storage, attachments and workflow processes. Saves so much time. Being able to attach the document from the system saves you having to locate it elsewhere, scan it, attach it.... the email feature is great. It runs really smoothly.

This software is not user friendly unless you are a little more advanced in your accounting department

The only con is the ease of use. It has complex functionality which is easier for persons higher up in the accounting department.

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

Generating and search for the report is sometimes time consuming.

Ease of use vs other ERP systems eg Sap . Staff learn to use this system very quickly
Audit trail of information is very easy to follow

More options should be available within report writing or building

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.

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

The system is used by thousands of our business students to work on tutorials for teaching business and financial management. It's a great accounting system for teaching as we can set exams with literally no set up required. Students can follow it easily and we can see clearly how each student has performed.

We worked with AccountsIQ to create a version of the software that would enable UCD's students to learn and be tested, each year we have 500 students and so over the last 5 years we've had nearly 5,000 students using the AccountsIQ system.

The University can set tutorials and reset all companies used for each tutorial to a starting position afterwards. Each year we get a fresh copy of AccountsIQ cleared of data and re-supplied for the fresh intake of students.

AccountsIQ is more logically set out than some other systems, it isn't at all complex and students can see quite clearly the progression through various business processes such as the expenditure and revenue cycles. It's very intuitive.

The software is very good for department and business unit reporting and analysis. And the fact you can see all the department at once in a spreadsheet makes it unique unlike some accounting software.

I also like the fact that you can log in and work at any time and at different locations makes it unique. More than one user can log in and work at the same time without any disruption.

Transfer of profit and loss to the following year. It has to be done manually to arrive at a zero balance at the beginning of the year.

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.

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

Reporting ability is fantastic - used to spend weeks each month producing consolidated accounts and management reporting packs (as we are a group with 80 entities) using a complex process run from spreadsheets but now with AccountsIQ it takes minutes.
Consolidation is easy
Great value for money
Great customer support - nothing too much trouble and the implementation process was seamless and easy.

Ease of use
Reliability
System Stability
Instant P&L and Balance Sheet

Difficulties in editing my mistakes particularly where a payment or receipt is "locked in" by a bank reconciliation or a purchase is "locked in" to the trade creditors ledger. In such cases I have to ask an administrator for help. This is probably due to my own lack of experience or training on the software,