Consolidated Reports in Just One Click

Typically priced for larger businesses, great consolidation accounting software is a Group Accountant’s dream. Unfortunately, these complex applications are out of reach for many growing companies, who typically consolidate using spreadsheets. Consequently, month end reporting is time-consuming and error-prone, particularly if you’re working with different systems and many currencies.

AccountsIQ’s smart, yet affordable Cloud accounting platform comprises Accounting, Consolidation and Business Intelligence in one powerful solution.  Finance teams can save a week a month with automated consolidation across multiple currencies,  streamlined month end close processes, accurate real time reporting and gain better financial control. Our software is Making Tax Digital compliant and will enable customers to consolidate their group VAT return and file digitally to HMRC.

Request a DEMO to join over 3,000 companies using AccountsIQ:

  • Real time insight into performance
  • Better decisions faster
  • Improved finance team productivity
  • Easier collaboration
  • Software that grows with you
  • Easy integration with other cloud systems
AccountIQ’s main success for us has been the efficiency it has brought to the business. The product is a good fit for our pretty complex accounting requirements and AccountsIQ give us real value for money. We can consolidate and report on our 80 entities in a few minutes.”

Lee Camp, Finance Director, Salamanca Group

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Remove the frustration of having to do manual workarounds and discover why AccountsIQ makes consolidation so easy

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See AccountsIQ’s Consolidation Software in Action

Many accountants manage their consolidation by way of simply amalgamating accounts, rather than having a system which can automate more complex protocols and provide real-time reports.

AccountsIQ’s consolidation accounting software removes these frustrations by providing true and timely, complex financial consolidation at an affordable price. AccountsIQ gives you a clear view through your Group accounts in real time, in just one click, and in any currency you choose.

We’ve tackled the problem in a unique way. By linking the range of branch-level ledger codes to a common set of group codes, AccountsIQ financial consolidation software allows your subsidiaries to enjoy individual coding structures while you retrieve and drill down the data that you need, in just one click, at any time.

Download Consolidation Guide Download Group Finance Report Consolidation Features

AccountsIQ’s enriched consolidation module brings you all of the key aspects of true consolidation. It is designed to understand and allow for:

Complex ownership including partial ownership, minority interests and Groups within Groups

Automated inter-company transactions and elimination

Post-consolidation adjustments at Group level

Multi-currency trading to ensure every subsidiary is using common (centrally-controlled), daily exchange rates

Consolidated budgets and revised budgets, actuals and variances, rolled up from subsidiary holdings and with the ability to drill back down

AccountsIQ’s consolidation accounting software can be installed as a stand-alone reporting module where trial balances are imported before consolidation, or it can be used by each subsidiary as its primary accounting system then linked into the overall Group structure for consolidation.

Read our article for the Institute of Chartered Accountants England and Wales (ICAEW) on overcoming international accounting challenges; managing multiple currencies, intercompany recharging and the FX functionality your accounting software should ideally have.

Learn more about AccountsIQ’s award-winning software, ideal for group companies.

  • Consolidate multiple subsidiaries including sub-Groups
  • Manage complex ownership such as minority interests
  • Handle foreign currency and centrally control exchange rates
  • Perform month end currency revaluations
  • Analyse budgets, actuals and variance across the Group
  • Simplify inter-company charging
  • Provide Group Sales and Purchase Analysis
  • Benchmark performance and analyse trends across the group

We evaluated a number of accounting software packages but AccountsIQ was the one we ran hardest at. The accounting can be as simple or as complex as you need, new entities are easy to add as the business grows, yet it tackles some heavyweight processes like consolidation and multicurrency reporting with ease.

Marcus Karia - Group Financial Controller, Arix Bioscience

Designed for the cloud, AccountsIQ is unique in providing Accounting, Consolidation and Business Intelligence in one powerful solution.

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