AccountsIQ

Cloud-based accounting software for medium-sized businesses

About AccountsIQ

AccountsIQ is cloud accounting software for medium-sized companies that assists businesses in construction, 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 several 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, TransferMate Global Payments, BrightPay Payroll etc.

Devices

Business size

S M L

Images

AccountsIQ banking
AccountsIQ accounts payable
AccountsIQ general ledger
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AccountsIQ video AccountsIQ video AccountsIQ screenshot: AccountsIQ banking AccountsIQ screenshot: AccountsIQ accounts payable AccountsIQ screenshot: AccountsIQ general ledger

Features

Total features of AccountsIQ: 59

  • API
  • Access Controls/Permissions
  • Account Reconciliation
  • Accounting
  • Accounting Integration
  • Accounts Payable
  • Accounts Receivable
  • Activity Dashboard
  • Asset Tracking
  • Audit Trail
  • Bank Reconciliation
  • Benchmarking
  • Billing & Invoicing
  • Budgeting/Forecasting
  • CPA Firms
  • Cash Flow Management
  • Cash Management
  • Consolidation/Roll-Up
  • Currency Management
  • Customer Accounts
  • Customizable Reports
  • Data Import/Export
  • Document Automation
  • Document Management
  • Document Storage
  • Donation Management
  • Electronic Payments
  • Expense Tracking
  • Financial Analysis
  • Financial Management
  • Financial Reporting
  • Fixed Asset Management
  • For Government
  • For Religious Organizations
  • Forecasting
  • Fund Accounting
  • General Ledger
  • Income & Balance Sheet
  • Investment Management
  • Invoice Management
  • Invoice Processing
  • Membership Management
  • Multi-Company
  • Multi-Currency
  • Multiple User Accounts
  • Nonprofits
  • Payroll Management
  • Profit/Loss Statement
  • Project Accounting
  • Projections
  • Purchase Order Management
  • Reporting & Statistics
  • Reporting/Analytics
  • Revenue Recognition
  • Search/Filter
  • Stock Management
  • Tax Management
  • Third Party Integrations
  • User Management

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NetSuite

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Reviews

Overall rating

4,9 /5
(18)
Value for Money
4,9/5
Features
4,9/5
Ease of Use
4,7/5
Customer Support
4,8/5

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Showing 5 reviews of 18
Alastair M.
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 2020/06/19

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.

Response from AccountsIQ

Thanks Alastair for such a glowing review!

Nick T.
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 2018/08/09

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.

Lorraine O.
Overall rating
  • Industry: Computer Software
  • 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 8.0 /10

AccountsIQ Review

Reviewed on 2020/08/11

Very positive experience with AIQ , great functionality within the system , ease of use

Very positive experience with AIQ , great functionality within the system , ease of use

Pros

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

Cons

More options should be available within report writing or building

Response from AccountsIQ

Thanks Lorraine for your kind review. we're glad you find AccountsIQ easy to use. We have also introduced a new Management reporting pack which contains key KPI reports, Profit & Loss reports, Balance Sheet, Cashflow statements, Debtors and Creditors reports. We'll be in touch to make sure you can access these. Also our Power BI integration means you can customise reports and present them in highly visual formats.

Simon B.
Overall rating
  • Industry: Oil & Energy
  • 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 10.0 /10

Happy we chose AccountsIQ

Reviewed on 2021/03/30

A smooth implementation through to responsive customer service

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

Sarah Y.
Overall rating
  • Industry: Renewables & Environment
  • Company size: 51-200 Employees
  • Used Daily for 1-5 months
  • Review Source

Overall rating

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

Just an assistant

Reviewed on 2021/03/23

Employed as a finance assistant to help input invoices on the system and was able to pick up the...

Employed as a finance assistant to help input invoices on the system and was able to pick up the system very quickly as very ergonomic and the learning portal is very comprehensive. Easy to use and general financial reporting is brilliantly displaced and easy for all aptitudes to grasp and understand.

Pros

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

Cons

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.

Showing 5 reviews of 18 Read all reviews

AccountsIQ FAQs

Below are some frequently asked questions for AccountsIQ.

AccountsIQ offers the following pricing plans:

  • Starting from: US$280,00/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.

We do not have any information about AccountsIQ features

AccountsIQ has the following typical customers:

2-10, 11-50, 51-200, 201-500, 501-1 000, 1 001+

We do not have any information about what languages AccountsIQ supports

AccountsIQ supports the following devices:

Android (Mobile), iPhone (Mobile)

AccountsIQ integrates with the following applications:

AutoEntry, Expensify, Fourth Suite, SAP Concur, Salesforce Platform

AccountsIQ offers the following support options:

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

Related categories

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