AccountsIQ

Cloud-based accounting software for medium-sized businesses

About AccountsIQ

AccountsIQ is cloud accounting software for medium-sized companies that assists businesses in investment management, financial services, retail, hospitality, and other sectors with group accounting, cash flow forecasting, budgeting, and financial reporting. It enables stakeholders to gain visibility into payments due, funds allocation and customer balances, and quickly process electronic invoices and statements on a unified platform.

AccountsIQ provides a customer portal, which allows customers to access their account details and print invoices and financial statements. Finance teams can utilize the accounts payable automation functionality to track various types of invoices including batch post purchase, advance payment, and forward-dating invoices as well as credit notes. Organizations can also leverage the business intelligence in order to assign transaction types to relevant projects, divisions, cost centres, departments, and funds. AccountsIQ is designed for businesses with multiple international subsidiaries, providing finance functions tools to consolidate accounts across subsidiary companies, collaborate remotely and access detailed business intelligence.

AccountsIQ offers an API, which lets businesses integrate the system with numerous third-party platforms such as Salesforce, iSAMS, Concur, AutoEntry, Kefron, Fourth, TransferMate, BrightPay, and more. Other features include workflow management, collaboration, document management, consolidated reports, PSD2 compliance review, tax processing, and more.


Key benefits of AccountsIQ

• Multi-dimensional reporting - users can easily interpret company performance with 250 standard reports, dashboards and management packs. Custom reports can be produced by user easily via the Excel Add-In and Power BI connectors.
• Automated consolidation feature saves a huge amount of time and means multiple companies and different currencies can be consolidated at the click of a button.
• Accounting and budgeting - General Ledger, budgeting, cash flow forecasting, management and reporting, multi-currency transactions
• Simultaneous real-time access to accounting records and easy drill-down to business documents
• Flexible BI coding and General Ledger allows detailed and granular reporting and you can benchmark performance across the group or branch network.
• Mobile applications help streamline workflow approval of purchase orders and invoices and employees can easily submit and approve expenses with the Expense Capture App.
• The Time and Expenses Module helps users manage projects and avoid Revenue Leakage.
• A simple to use stock management facility, allows users to manage multiple price lists and stock locations.
• System is fully scalable in terms of user and transaction volumes and easy to add on extra entities and modules.
• Integrates with other cloud business systems such as Salesforce, Proforecast, Concur, AutoEntry, iCompleat, Chaser, TransferMate Global Payments, BrightPay Payroll and many others.


Images

AccountsIQ Software - AccountsIQ’s intelligent accounting software gives growing companies access to granular management reporting for greater financial visibility and control.
AccountsIQ Software - AccountsIQ’s Cloud accounting platform enables multi-entity companies to make better business decisions based on detailed, real-time, accurate data.
AccountsIQ Software - AccountsIQ accounts payable
AccountsIQ Software - Accounts Payable
AccountsIQ Software - Accounts Receivable
AccountsIQ Software - CFO Dashboard
AccountsIQ Software - Chief Financial Officer
AccountsIQ Software - AccountsIQ banking
AccountsIQ Software - AccountsIQ general ledger
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AccountsIQ video
AccountsIQ video
AccountsIQ video
AccountsIQ Software - AccountsIQ’s intelligent accounting software gives growing companies access to granular management reporting for greater financial visibility and control.
AccountsIQ Software - AccountsIQ’s Cloud accounting platform enables multi-entity companies to make better business decisions based on detailed, real-time, accurate data.
AccountsIQ Software - AccountsIQ accounts payable
AccountsIQ Software - Accounts Payable
AccountsIQ Software - Accounts Receivable
AccountsIQ Software - CFO Dashboard
AccountsIQ Software - Chief Financial Officer
AccountsIQ Software - AccountsIQ banking
AccountsIQ Software - AccountsIQ general ledger

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Starting Price

€199.00
month
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Reviews

Overall rating

4.7 /5
(35)
Value for Money
4.6/5
Features
4.5/5
Ease of Use
4.5/5
Customer Support
4.6/5

Already have AccountsIQ?

Software buyers need your help! Product reviews help the rest of us make great decisions.

Showing 5 reviews of 35
Alastair
Overall rating
  • Industry: Newspapers
  • Company size: 201–500 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Accounts IQ transformed our business

Reviewed on 19/6/2020

Accounts IQ has helped us to create a much more streamlined, better-controlled and more effective...

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.

Alternatives Considered

Sage 100

Reasons for Choosing AccountsIQ

Needed cloud-based accounts system with consolidation functionality, at a reasonable price point

Reasons for Switching to AccountsIQ

Gives us all the functionality we need and more, at a very reasonable price point.

Response from AccountsIQ

Thanks Alastair for such a glowing review!

Daniel
Overall rating
  • Industry: Nonprofit Organisation Management
  • Company size: 11–50 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Excellent product with good support

Reviewed on 5/10/2023

Implementation was great with lots of support and training for the team. The product has delivered...

Implementation was great with lots of support and training for the team. The product has delivered the functionality desired and is easy to use and to adapt.

Pros

The product is easy to use and customisable to deliver the right level of insights for the organisation

Cons

None - I have been happy with all aspects of AIQ

Alternatives Considered

Sage 50cloud Accounting

Reasons for Choosing AccountsIQ

End of product life and a desire to switch to cloud software

Reasons for Switching to AccountsIQ

Better reporting functionality, cleaner and easier to use, better value

Response from AccountsIQ

Hi Daniel,
Thank you so much for taking the time to leave a review. We're thrilled to hear that you're switch to AIQ is going well. Please do not hesitate to reach out to us if you have further feedback or if you need any help.

Dorothy
Overall rating
  • Industry: Hospitality
  • Company size: 51–200 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 5.0 /10

Wouldn't Be my First Choice but it works

Reviewed on 5/10/2023

It works - it takes alot of getting used to

It works - it takes alot of getting used to

Pros

I like how easy it is to transfer inter companies - like Sage - Batch invoice templates - Hard to follow but very useful

Cons

When things get posted incorrectly, it gets messy to credit and debit - have to go in manually to change dates ect especially month end - hard to follow at first - template is VERY sensitive not always a bad thing but it does when you need to copy over alot of data and sometimes spaces are taken to account - but easily missed - Not really integrated with the Bank - still manually have to post to the bank manually for payments for suppliers

Response from AccountsIQ

Hi Dorothy,
Thank you for taking the time to review AccountsIQ.
We take user feedback seriously and we would love the opportunity to understand what we could do to improve your experience.
If you have a moment, please book some time with your CSM via the Q and Services option to discuss. If we do not hear back from you, we will contact you to assist you further.

Nick
Overall rating
  • Industry: Commercial Real Estate
  • Company size: 51–200 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

AccountsIQ Saves us a Day a Week in Processing Time

Reviewed on 9/8/2018

The structure of the coding framework in AccountsIQ is extremely flexible and saves us so much 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.

Colin
Overall rating
  • Industry: Information Technology & Services
  • Company size: 11–50 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

AccountsIQ

Reviewed on 2/6/2023

Pros

Very easy to use with an excellent help database

Cons

Integration to bank could be improved upon

Alternatives Considered

Xero

Response from AccountsIQ

Hi Colin, thank you very much for taking the time to leave us your review and feedback.
We are constantly working to improve and enhance our integration and functionalities. Please reach out to the client services if you require a specific functionality that is not on AccountsIQ yet.

Showing 5 reviews of 35 Read all reviews

AccountsIQ FAQs

Below are some frequently asked questions for AccountsIQ.

AccountsIQ offers the following pricing plans:

  • Starting from: €199.00/month
  • Pricing model: Subscription
  • Free Trial: Available

Pricing is based on functionality/modules needed and number of entities, please contact AccountsIQ directly for pricing information.

AccountsIQ has the following typical customers:

11–50, 51–200, 201–500, 501–1,000

AccountsIQ supports the following languages:

English

AccountsIQ supports the following devices:

Android (Mobile), iPhone (Mobile)

AccountsIQ integrates with the following applications:

Arlo for Training Providers, AutoEntry, BrightPay, CMap, Chaser, Cvent Event Management, ExpenseIn, Expensify, Fourth Suite, Joblogic, Kefron AP - Accounts Payable, Lightyear, Marketman, Plaid, ProForecast, SAP Concur, Salesforce Platform, TransferMate, iSAMS

AccountsIQ offers the following support options:

Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, Chat

Related categories

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