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.
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Reviews
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- Industry: Newspapers
- Company size: 201–500 Employees
- Used Daily for 1+ year
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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 100Reasons for Choosing AccountsIQ
Needed cloud-based accounts system with consolidation functionality, at a reasonable price pointReasons 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!
- Industry: Commercial Real Estate
- Company size: 51–200 Employees
- Used Daily for 2+ years
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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.
- Industry: Architecture & Planning
- Company size: 11–50 Employees
- Used Daily for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 6.0 /10
Meitheal
Reviewed on 12/5/2021
We are using AIQ for the past 4 years. Reporting was back there very unreliable and the format not...
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.
Response from AccountsIQ
Hi Marianna - thanks for your review, glad you like using AccountsIQ accounting software.
- Industry: Information Technology & Services
- Company size: 11–50 Employees
- Used Daily for 2+ years
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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- Used Daily for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
Staff & clients love using AccountsIQ software, it allows us to access live information in the...
Reviewed on 13/2/2018
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.
AccountsIQ FAQs
Below are some frequently asked questions for AccountsIQ.Q. What type of pricing plans does AccountsIQ offer?
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.
Q. Who are the typical users of AccountsIQ?
AccountsIQ has the following typical customers:
11–50, 51–200, 201–500, 501–1,000
Q. What languages does AccountsIQ support?
AccountsIQ supports the following languages:
English
Q. Does AccountsIQ support mobile devices?
AccountsIQ supports the following devices:
Android (Mobile), iPhone (Mobile)
Q. What other apps does AccountsIQ integrate with?
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
Q. What level of support does AccountsIQ offer?
AccountsIQ offers the following support options:
Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, Chat
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