Not for profit organisations typically have more complex accounting needs than commercial businesses the same size. The biggest challenge facing CFOs in the charities sector is finding an accounting system which meets their reporting requirements at a price they can afford.
AccountsIQ have designed charity accounting software which is written from scratch as a true cloud product to meet the more advanced accounting needs of larger organisations. As a Cloud-based accounting application, it comes at a more affordable price than PC-based systems with similar capabilities. Supporting over 50 charities whose operations span multiple legal entities worldwide, AccountsIQ has been proven to meet the complex accounting and consolidation requirements for the charity sector.
Recently, John Tate, ex-Special Adviser to the Charity Finance Group wrote a report on the issues facing the charity sector and reviewed AccountsIQ’s suitability for charities.
The elements that have really made a difference are AccountsIQ’s innovative implementation of analysis codes, the attaching of invoices, and the bank reconciliation module. These are things I didn’t have before, and they work beautifully. These features have made the biggest difference to the way I work, giving me the information I need. Of all of these, BI codes are the absolute killer feature that puts AccountsIQ head and shoulders above the competition.