What Is AccountsIQ?

AccountsIQ is affordable and agile financial management software for mid-size and group companies. Voted Accounting Software of the Year two years running. Ideal for businesses who've outgrown their existing system but don't want the expense and complexity of a ERP solution. Streamline processes, automate consolidation and speed up reporting with accounting automation tools and integration capability inbuilt. Close month end quicker and get real time financial insights across your business.

Who Uses AccountsIQ?

Mid-size, growing and multi-entity businesses use AccountsIQ to streamline processes, automate consolidation and speed up reporting with accounting automation tools and integration capability inbuilt.

Where can AccountsIQ be deployed?

Cloud-based
On-premise

About the vendor

  • AccountsIQ
  • Located in London, UK
  • Founded in 2005

AccountsIQ support

  • Phone Support
  • Chat

Countries available

Australia, Ireland, South Africa, United Kingdom, United States

Languages

English

AccountsIQ pricing

Starting Price:

€199.00/month
  • Yes, has free trial
  • No free version

AccountsIQ does not have a free version but does offer a free trial. AccountsIQ paid version starts at €199.00/month.

Pricing plans

About the vendor

  • AccountsIQ
  • Located in London, UK
  • Founded in 2005

AccountsIQ support

  • Phone Support
  • Chat

Countries available

Australia, Ireland, South Africa, United Kingdom, United States

Languages

English

AccountsIQ videos and images

AccountsIQ Software - AccountsIQ’s smart accounts payable automation solution and easy integration capability gives you complete visibility of company spend, speeds up decision making and enables you to be more strategic.
AccountsIQ Software - Our Accounts Receivable Software solution is facilitated by a very extensive extendable customer card. The Sales Ledger has the breadth and capability of an enterprise solution. It’s designed for ease of use.
AccountsIQ Software - AccountsIQ CFO dashboard
AccountsIQ Software - AccountsIQ cloud accounting software
View 5 more
AccountsIQ video
AccountsIQ Software - AccountsIQ’s smart accounts payable automation solution and easy integration capability gives you complete visibility of company spend, speeds up decision making and enables you to be more strategic.
AccountsIQ Software - Our Accounts Receivable Software solution is facilitated by a very extensive extendable customer card. The Sales Ledger has the breadth and capability of an enterprise solution. It’s designed for ease of use.
AccountsIQ Software - AccountsIQ CFO dashboard
AccountsIQ Software - AccountsIQ cloud accounting software

Features of AccountsIQ

  • "What If" Scenarios
  • Access Controls/Permissions
  • Accounting
  • Accounts Payable
  • Accounts Receivable
  • Activity Dashboard
  • Approval Process Control
  • Audit Trail
  • Bank Reconciliation
  • Billing & Invoicing
  • Budgeting/Forecasting
  • Cash Management
  • Commission Management
  • Compliance Management
  • Consolidation/Roll-Up
  • Customer Statements
  • Data Import/Export
  • Donation Management
  • Electronic Payments
  • Expense Tracking
  • Financial Analysis
  • Financial Management
  • Financial Reporting
  • Fixed Asset Management
  • For Real Estate
  • For Religious Organizations
  • Forecasting
  • Fund Accounting
  • General Ledger
  • Income & Balance Sheet
  • Invoice Processing
  • Mobile Access
  • Multi-Currency
  • Multi-Location
  • Payroll Management
  • Profit/Loss Statement
  • Project Accounting
  • Purchase Order Management
  • Real Time Data
  • Receivables Ledger
  • Reporting & Statistics
  • Reporting/Analytics
  • Tax Management
  • Transaction Management
  • Vendor Management
  • Workflow Management

AccountsIQ Alternatives

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Sage 100 is an ERP platform for growing and medium-sized sales and manufacturing companies.
NetSuite, the world’s #1 cloud ERP, gives you the visibility and control you need to make smart decisions and grow with confidence. Learn more about NetSuite
The #1 Cloud Accounting & Financial Management System. Achieve real-time visibility, drive efficiency, and scale with confidence.
Acumatica Cloud ERP offers best-in-class functionality for small and mid-sized businesses to thrive in the digital economy.
QuickBooks is an end-to-end accounting software that can grow with your business.
Beautiful cloud-hosted online accounting software for small businesses. Accessible anytime, anywhere.
Adfinity is an all-in-one accounting software offering a large variety of advanced financial management features.

Reviews of AccountsIQ

Average score

Overall
4.7
Ease of Use
4.5
Customer Service
4.7
Features
4.5
Value for Money
4.8

Reviews by company size (employees)

  • <50
  • 51-200
  • 201-1,000
  • >1,001

Find reviews by score

5
75%
4
21%
3
4%
Alastair
Finance Director in UK
Newspapers, 201–500 Employees
Used the Software for: 1+ year
Reviewer Source
Source: SoftwareAdvice

Accounts IQ transformed our business

5.0 3 years ago

Comments: 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.

AccountsIQ Response

3 years ago

Thanks Alastair for such a glowing review!

Nick
Financial Controller in UK
Commercial Real Estate, 51–200 Employees
Used the Software for: 2+ years
Reviewer Source

AccountsIQ Saves us a Day a Week in Processing Time

5.0 5 years ago

Comments: 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
accounts in Ireland
Architecture & Planning, 11–50 Employees
Used the Software for: 2+ years
Reviewer Source

Meitheal

3.0 2 years ago

Comments: 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.

AccountsIQ Response

2 years ago

Hi Marianna - thanks for your review, glad you like using AccountsIQ accounting software.

Gerry
Director in UK
Used the Software for: 2+ years
Reviewer Source

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

5.0 5 years ago

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.

Ian
Director of Hotel Accounting in UK
Accounting, 51–200 Employees
Used the Software for: 1+ year
Reviewer Source

Easy to use with advanced reporting and consolidation functionality and a flexible, scalable system.

5.0 5 years ago

Comments: Consolidation and multi-currency accounting
Easy to produce hotel industry reports
Faster invoice processing
Reduced risk of human error
Remote access
Extended business analytics
Easy integration with other systems

Pros:

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.