AccountsIQ

AccountsIQ

5 / 5 10 reviews

Who Uses This Software?

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


Average Ratings

10 Reviews
  • 5 / 5
    Overall
  • 4.5 / 5
    Ease of Use
  • 5 / 5
    Customer Service

Product Details

  • Starting Price
    Not provided by vendor
  • Free Demo
    Yes
  • Deployment
    Cloud, SaaS, Web
  • Training
    Documentation
    Webinars
    Live Online
    In Person
  • Support
    Online
    Business Hours

Vendor Details

  • AccountsIQ
  • www.accountsiq.com
  • Founded 2005
  • United Kingdom

About AccountsIQ

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.


AccountsIQ Features

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

AccountsIQ Reviews Recently Reviewed!


AccountsIQ Saves us a Day a Week in Processing Time

Aug 09, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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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.

Overall: 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.

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

Feb 13, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

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.

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

Sep 27, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
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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.

Overall: 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

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

Dec 12, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: The 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.

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

Sep 20, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
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Pros: AccountsIQ 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.

Overall: Complete transparency and visibility of financials
Drill down to individual transactions
High quality reporting
Integrated with bank accounts

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

Aug 09, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Reporting 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.

Overall: Automatic consolidation based on real-time data
Easy to produce custom management reports
Improved working processes such as purchase order approval
Massive staff time savings

Accounting software user friendly

Aug 04, 2016
4/5
Overall
3 / 5
Ease of Use
4 / 5
Features & Functionality
3 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: Have all the basic required modules for our entity.

Cons: Since 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.

Overall: Flankly 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.

Recommendations to other buyers: None

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

Aug 16, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Document 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.

Overall: Saves so much time.

Fantastic Cloud software which is affordable

Apr 13, 2016
5/5
Overall
4 / 5
Ease of Use
5 / 5
Customer Support

Comments: When 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.

Program is best for more advanced accounting personnel

Mar 23, 2018
5/5
Overall
3 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: This software is not user friendly unless you are a little more advanced in your accounting department

Cons: The only con is the ease of use. It has complex functionality which is easier for persons higher up in the accounting department.