Hopefully all of your burning questions will be answered in the FAQs listed below, but if not please contact us for a chat to discuss further. We review these questions regularly and will be adding more over time. You can also check out some of our case studies and customer testimonials to see how we’ve helped solve the pain points of our customers, improving productivity and streamlining processes to give them greater business insight than ever before.
AccountsIQ has been designed with accounting, consolidation and business intelligence all in one cloud accounting system. Features include:
Email and document manager
Accounts payable automation
Paper-less online workflow approval
Mobile App for: PO & invoice approval workflow and expense capture
Multi-dimensional analysis (report up to 6 BI codes e.g. dept, sector, project etc)
Full consolidation for Groups and Entities with one click reports
Full accounts receivable & accounts payable consolidated sales & purchases
Intercompany transactions, recharges & multicurrency accounting
Suite of 250 reports with editable parameters
Management reporting packs & dashboards
Excel Add-In & Power BI connections for customised analysis
Full VAT capability/Making Tax Digital for single entities & groups
Full user profiling & audit trail by user
Secure payments
Period management
Bank statement feed and auto reconciliation
Open API for easy connection with other systems
Automated batch payment with approval
AccountsIQ is ideal for any organisation that requires a flexible General Ledger, strong dimensional reporting, group consolidation and has international/multicurrency requirements and wants to have a system in place in 12 weeks or under.
AccountsIQ can handle different year ends, however if companies are consolidating together they will need the same accounting periods across the group. If year ends don’t align across your group there are two options: leave entities outside the consolidation layer and manually consolidate, or set entities up with incorrect year end but they use the value of true year end position with routines and reporting in the system.
Yes, as the administrator of the system you can assign as many users as you wish, you will also have total control over access levels for each user. User profiling is available for functions, dashboards and reports.
Customers can easily drill down to individual transactions and down to items on an individual invoice without having to pull out any invoices or back-ups. Our customers love this feature.
Our expense capture app saves users a lot of time reclaiming expenses and makes the expense claim approvals process smoother. The App enables:
Submit as part of a claim for approval to line manager.
The claims can then be routed via our approvals app to the relevant line manager for approval
AccountsIQ supports all major currencies. It is possible to add a new currency such as a crypto currency.
AccountsIQ has an integration with BrightPay Payroll Software and it is possible to integrate it with other cloud payroll solutions as required.
We are continually adding new companies to our growing client base, but at the last count we have 4,000 companies using AccountsIQ and their entities across the world. Our product is also white-labelled by companies such as PwC who use it for all their customers under the My Financepartner name.
We’ve been around for 12 years but have grown organically through partners as well as providing white-label solutions for growing businesses thanks to our partnership with PwC. AccountsIQ won Mid-Market and Enterprise Accounting Software of the Year in 2019 and 2018 as voted for by users and its software is accredited by the Institute of Chartered Accountants England and Wales (ICAEW).
There aren’t any physical limitations of the AccountsIQ solution as such. Regarding transaction limits – we have tested 50,000 per day and with regards multiple entities, we have tested 280 entities for one customer all without any problems.
The platform is available in English and is used in 85 countries around the world.
Yes, AccountsIQ also has the option of emailing invoices, statement and remittance advices to your customers. There is also a document repository facility within the product so you can also email any attachments housed there.
