Best For

Mid-size companies across all sectors, accounting firms, not for profit organisations.

Product Details

AccountsIQ brings smarter accounting to mid-sized organisations and groups. With the technology and price benefits of a Cloud-based application, AccountsIQ makes advanced accounting and bespoke reporting affordable in one monthly fee. Its unique consolidation aspect makes it an ideal solution for multi-company businesses. Includes business analytics, cashflow forecasting and management, budgeting for sales consultants, accountants, franchisors. Integrates with a range of apps via its open API.

Contact Details

AccountsIQ

http://www.accountsiq.com

Founded in 2005

Located in United Kingdom

Starting Price

  • Not provided by vendor

Free Demo

  • Yes

Platform

  • Installed - Mac
  • Cloud, SaaS, Web
  • Installed - Windows
  • Mobile - iOS Native
  • Mobile - Android Native

Training

  • In Person
  • Live Online
  • Webinars
  • Documentation

Support

  • Business Hours
  • Online

AccountsIQ Features

Accounts Receivable
Bank Reconciliation
Billing & Invoicing
CPA Firms
Expense Tracking
Fixed Asset Management
Fund Accounting
Government
Nonprofits
Payroll Management
Project Accounting
Purchase Orders
Tax Management

AccountsIQ Reviews

Overall
5/5
Ease of Use
4.5/5
Customer Service
5/5

Showing Most Helpful

Showing 12 of 12 reviews

Showing Most Helpful

Showing 12 of 12 reviews

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Rating
Company Size
Reviewer's Role
Length of Use
Frequency of Use
Nick T.
Financial Controller
Commercial Real Estate, 51-200 employees
Used the software for: 2+ years
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
9/10
Reviewer Source 
Source: Capterra
August 9, 2018

“AccountsIQ Saves us a Day a Week in Processing Time”

OverallThe 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.
ProsAccountsIQ 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.
ConsThere isn't anything I don't like and we're glad we found AccountsIQ.
Reviewer Source 
Source: Capterra
August 9, 2018
Gerry M.
Director
Unspecified
Used the software for: 2+ years
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Reviewer Source 
Source: Capterra
February 13, 2018

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

ProsAccountsIQ 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.
Reviewer Source 
Source: Capterra
February 13, 2018
Ian B.
Director of Hotel Accounting
Accounting, 51-200 employees
Used the software for: 1-2 years
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
10/10
Reviewer Source 
Source: Capterra
September 27, 2017

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

OverallConsolidation 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
ProsAccountsIQ 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.
Reviewer Source 
Source: Capterra
September 27, 2017
Linden L.
IT Lecturer
Unspecified
Used the software for: 2+ years
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Reviewer Source 
Source: Capterra
December 12, 2017

“We've been using AccountsIQ for five years now and it's perfect for our needs.”

ProsThe 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.
Reviewer Source 
Source: Capterra
December 12, 2017
Anne S.
Financial Controller
Non-Profit Organization Management, 11-50 employees
Used the software for: 6-12 months
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
10/10
Reviewer Source 
Source: Capterra
September 20, 2017

“AccountsIQ is really excellent. It's intuitive, simple to use and the implementation was outstanding”

OverallComplete transparency and visibility of financials Drill down to individual transactions High quality reporting Integrated with bank accounts
ProsAccountsIQ 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.
Reviewer Source 
Source: Capterra
September 20, 2017
Marcus K.
Group Financial Controller
Biotechnology, 11-50 employees
Used the software for: 6-12 months
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
10/10
Reviewer Source 
Source: Capterra
January 17, 2019

“Reporting and consolidation problems solved”

OverallWe are a fast growing company which means consolidated reporting in multiple currencies is now required. We struggled previously with complex spreadsheets and a time-consuming manual process, but with AccountsIQ, it is a simple solution to a complicated problem. We didn't want a clunky accounting system just because it could consolidate multicurrency. AccountsIQ solves our reporting problems without the need for an overly-complex and costly accounting system and saves us half a day alone by being able to produce reports at the push of a button. The onboarding/implementation process was straightforward and quick.
ProsThe 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
ConsWish I'd found it sooner - there was nothing on the market at this price point that could handle consolidation with ease.
Reviewer Source 
Source: Capterra
January 17, 2019
Alastair B.
CEO
Accounting, 1-10 employees
Used the software for: 2+ years
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
10/10
Reviewer Source 
Source: Capterra
January 17, 2019

“Speed and powerful reporting”

OverallGreat team & support with new features and functionality being developed and deployed all the time. Great application for enterprises to get more from the finance function.
ProsData segmentation Integration & automation Consolidation
ConsThe API is good but could be a little more available to extract reporting data from.

Vendor Response

By AccountsIQ on January 18, 2019
Thanks Alastair for your kind review
Reviewer Source 
Source: Capterra
January 17, 2019
Lee C.
Finance Director
Banking, 1001-5000 employees
Used the software for: 6-12 months
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
10/10
Reviewer Source 
Source: Capterra
August 9, 2017

“Really easy to use accounting and consolidation software, means I can create reports in 5 minutes ”

OverallAutomatic consolidation based on real-time data Easy to produce custom management reports Improved working processes such as purchase order approval Massive staff time savings
ProsReporting 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.
Reviewer Source 
Source: Capterra
August 9, 2017
Augustino M.
Director
Management Consulting, 1-10 employees
Used the software for: Less than 6 months
Overall Rating
4/5
Ease of Use
3/5
Customer Service
3/5
Features
4/5
Value for Money
4/5
Likelihood to Recommend
8/10
Source: Capterra
August 4, 2016

“Accounting software user friendly”

OverallFlankly have not used this accounting software - have just read its profile and realised that this the software relevant to my accounting operations specific to the size of our business entity. Like other softwares, I see most of the basic modules which are relevant.
ProsHave all the basic required modules for our entity.
ConsSince 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.
Recommendations to other buyersNone
Source: Capterra
August 4, 2016
Martin M.
Director
Information Technology and Services, Unspecified
Used the software for: 6-12 months
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
10/10
Reviewer Source 
Source: Capterra
August 16, 2017

“Unbelievable functionality for the price. Very easy to use and lots of support setting it up.”

OverallSaves so much time.
ProsDocument 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.
Reviewer Source 
Source: Capterra
August 16, 2017
Donna B.
Finance Director
Unspecified
Used the software for: Unspecified
Overall Rating
5/5
Ease of Use
4/5
Customer Service
5/5
Source: Capterra
April 13, 2016

“Fantastic Cloud software which is affordable”

OverallWhen searching for the right Cloud Accounting provider we found that there was a huge trade-off between price and functionality. AccountsIQ is a very functional system whereby you only pay for the functionality you use. The benefits of Cloud working are immense and easily explained. But selecting the right provider is a challenge. The implementation was excellent and we were helped every step of the way. The system has performed above expectations and as we add more companies we simply call our account manager and pay accordingly. The Consolidation feature means no more messy Excel spreadsheets and costly errors.
Source: Capterra
April 13, 2016
Ashley R.
Accounting
Oil & Energy, 11-50 employees
Used the software for: 6-12 months
Overall Rating
5/5
Ease of Use
3/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
9/10
Reviewer Source 
Source: Capterra
March 23, 2018

“Program is best for more advanced accounting personnel”

ProsThis software is not user friendly unless you are a little more advanced in your accounting department
ConsThe only con is the ease of use. It has complex functionality which is easier for persons higher up in the accounting department.
Reviewer Source 
Source: Capterra
March 23, 2018