AccountsIQ and iSAMS provides an ideal solution for Schools:

iSAMS and AccountsIQ

A fully integrated Cloud Accounting and School MIS System

accountsIQ and iSAMS provide a unique cloud accounting solution ideal for schools and colleges. Based on the SaaS model (Software as a Service), the integrated fee billing and accounts systems help to eliminate unnecessary duplication of work and costly mistakes by offering a seamless two-way synchronisation of data. Whilst iSAMS handles the complicated billing structures and generates the invoices, accountsIQ manages the accounts and reports.

The systems are dynamically linked so that changes in iSAMS will automatically update accountsIQ and vice versa. As more and more schools look to cloud hosting for their software services, iSAMS and accountsIQ are able to offer schools cutting edge technologies that have been designed specifically for Independent Schools.

Functionality highlights:

 

  • Unique accounts and school administration system
  • Create internal control and audit capabilities
  • Ensure Risk Management and Assurance
  • Multi-currency accounting
  • Recurring Invoicing, Accruals and Prepayment capability
  • Parent/Child billing allowing multiple fee payers to be assigned to any single child
  • Purchase Order approval
  • Budget and Cash Flow management
  • Departmental Analysis and Budgeting
  • Commitment Accounting
  • Procurement Management
  • Key Performance Indicators
  • Advanced reporting and dashboards
  • User profiling and enhanced risk control
  • Audit control
  • Consolidated accounts
  • Compliant with SORP requirements for schools registered as charities

Software with a Service:

 

Built for the Cloud: Our software was built specifically for the Cloud and has a unique architecture where every entity on the system has its own individual SQL Database.

 

We focus on Customer Satisfaction: In the world of Software as a Service (SaaS) we understand that our clients pay a monthly fee for both the use of our product AND ongoing support.

 

We offer more for less: we ensure that our clients only pay for the functionality they require and yet can grow the system in line with their business growth. Chose a system that you will never outgrow.

 

Have your say: Our product is constantly evolving based on the feedback from our clients. Every client has an Account Manager and every client’s opinion and feedback matters.

 

Trust: Some of the largest accountancy practices in the world (including PWC and BDO) use our product to service their clients

Why accountsIQ?

Unique architecture: of by being built on an SQL platform with every entity on the system having its own SQL database. This is truly unique to the Cloud accounting market and enables us to customise the database enormously to a user’s requirements. It also enables enhanced reporting capabilities, user profiling and custom database fields for Customers and Suppliers.

Consolidation software: that can handle any type of group structure (groups within groups, partial ownership and multi-currency) that produces a true set of accounting consolidated results (as opposed to amalgamated results) with full inter-company posting facilities. There is also a great deal of reporting capability at the parent company level with drilldown into the subsidiaries.

Enhanced Business Analytics: which is possible due to our unique SQL database architecture means that we can query the database in any manner you wish and produce reports on any data captured. We can also produce custom reports (there are 250 pre-written reports in the system) and dashboards for clients. There is also an ability to set up KPI’s and report on Statistics (at a Company or Group level).

Workflow Approval with Budget Holders: There is a detailed and comprehensive workflow approval process for PO’s, PI’s and Payments. Budget Holders can be assigned and required to approve spending taking into account previous expenditure, and orders in progress against budget.  There are also comprehensive Commitment Reports for each Budget Holder.

Some of our Clients:

http://www.clsb.org.uk/
http://www.sherborneqatar.org/home/
http://www.kingsworth.fr/
http://www.royalballetschool.org.uk/

“When we set out on our journey to implement a new accounting system for the Kingsworth Group of Schools, ease of use, integration with our current MIS, friendly relations and great customer service were top of our pre-requisites.  With accountsIQ, we have all of that and more.  The team at accountsIQ have been outstanding; from our initial contact and discussions, right the way through to helping our finance department implement the system in the best way for us. AccountsIQ is a system that is adapted for our needs, rather than us adapting to its capabilities, indeed its capabilities and possibilities are huge.
I would highly recommend AccountsIQ, a great product, a great team and a fantastic personalised service. Just Excellent! ”

Tony Standing, Director of Information at Kingsworth International School, Paris (click for full Case Study)

accountsIQ in the Education Sector:

Independent Schools:

  • Fully integrated with iSAMS
  • Workflow and Budget Holder Approval Processes
  • Document Management
  • Expense Management
  • Intuitive and Functional

Academies and MATs:

  • Consolidation for Multi Academy Trusts
  • Grow the system as your MAT grows
  • SORP reporting compliance and Separation of Funds
  • Enhanced reporting on a group and sub-group level
  • In built security and audit features

International Schools:

  • Multi Currency accounting
  • Consolidation of group accounts with centralised control of FX rates across the group
  • On-line access from anywhere in the world
  • Localisation capabilities for foreign jurisdictions
  • Full hosting with disaster recovery and back-ups

Download our Brochures:

Cloud Accounting for Schools
Cloud Accounting for Schools
Cloud Accounting for Academies
Cloud Accounting for Academies
Cloud Accounting for Charities
Cloud Accounting for Charities
Budget Holder Approval
Budget Holder Approval Processes
Cloud Accounting for Groups
Cloud Accounting for Groups
Project Accounting
Project Accounting

Our Accreditation’s:

ICAEW
Microsoft
G Cloud
SSAE
CIPFA
INCENSU

Additional Security Information:

Checklist document for Cloud Software AIQ Nov 2016

DfE Guidance on Cloud Service Providers

For more information, or to book a demonstration of the system, please contact us here.