Accounting for charities and not-for-profits
Overcome the NFP sector’s unique challenges and streamline the way your accounting team, fundraisers and volunteers work. AccountsIQ allows you to achieve transparency, consistency and SORP compliance with slick, digital processes and low cost of ownership.
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Why AccountsIQ excels for charities and not-for-profits
Clear, comparable SORP reporting
Gain full transparency with detailed expenses tracking, linked to funds and easily segregate income streams. Work with our platform experts to create your unique, multi-dimensional coding framework and set up the exact reporting you need.
Lower cost of ownership
Swap costly upgrades, expensive hardware and heavy implementation costs for one single affordable monthly subscription. Built in the cloud, AccountsIQ integrates seamlessly with other apps, allowing you to streamline processes, reduce errors and save time.
Technology that does the heavy lifting
Transform the way you work with AccountsIQ’s automated processes. Spend more time on strategic work and less on repetitive administrative tasks. Go digital with approvals, expenses, bank feeds, reconciliation, document storage, FX, consolidation and more.
This multi-dimensional reporting is perfect for our setting. It has revolutionised our potential to do our job here in the centre. That is to stand over these charitable funds and know exactly what’s going on with the funds of each charity.
Discover our customers’ success
“There’s never a perfect time to change finance systems, but the efficiencies you gain from AccountsIQ make it completely worthwhile.”
“Previously, we relied on the basic Sage 50 and paper-based processes, which really limited efficiency and alignment within the Ross-Shire Engineering Group standards.”
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“The system is so intuitive that it almost isn’t onboarding, the team just took to it.”
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FAQs
How did OCN London gain secure, automated insights after moving to AccountsIQ?
OCN London gained secure, automated insights by replacing its on-premise Infor setup) with cloud-based AccountsIQ, enabling secure remote access without the VPN/security overhead.
On the “insights” side, they automated invoicing by integrating AccountsIQ with their learner management system and then connected PowerBI for live dashboards, KPI tracking, and board-level visibility—so leadership could see performance in real time rather than waiting for manual reporting.
Watch Damian’s full customer story video.
Which charity finance processes can you digitise and automate in AccountsIQ to save time?
AccountsIQ can automate much of a charity finance team’s day-to-day and month-end work, starting with banking and cash through automated bank feeds, smart matching for reconciliations, and suggested payment runs with basic cashflow visibility. It also streamlines purchase-to-pay with online POs and remote approvals, digital invoice capture via integrations, and batch posting for supplier invoices, prepayments, and credit notes. On the income side, you can automate donations and receivables by bringing data in from CRM/event/membership systems via the open API, using recurring invoices for regular grants or contracts, and matching receipts through bank automation.
Why can AccountsIQ be a lower-cost option for charities than on-premise systems?
AccountsIQ can be lower-cost than on-premise systems because it removes the need for servers and local infrastructure—hosting, backups, and upgrades are included in the cloud subscription. Updates are delivered centrally, reducing the IT time and expense associated with version upgrades, patches, and local installs. It’s also designed as a mid-market cloud finance system rather than a large ERP, which typically means a faster implementation and lower project costs than traditional on-premise ERP rollouts. As your charity grows, you can add users, entities, and integrations without needing a major re-platforming exercise.
How does AccountsIQ help you produce clear, comparable SORP reporting?
AccountsIQ helps charities produce consistent, comparable SORP-style reporting by combining a flexible GL with BI codes. You can map income and expenditure to the categories you need and tag transactions as restricted/unrestricted and by fund or programme to support the way charities report. This multi-dimensional structure makes it easier to build reports that mirror a SoFA layout and other common SORP disclosures, using a mix of standard reports and customised layouts with drill-down to the underlying transactions.
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