Accounting + Budgeting
Our accounting solution offers all the benefits of cloud based accounting and the ability to work on a single, shared, full-feature accounting system across multiple users, clients, units or subsidiaries.
Our extensive budgeting capability allows actual results to be measured against budget. Budgets and actual data are held throughout the system in the same structure so comparisons and variances are easily produced.
Search for, examine and sort transactions with our General Ledger Browser and store, search for, and view all supporting documentation in one place.
- Use the Transaction Browser to find, sort and examine transactions quickly and efficiently.
- Amend, suspend or reverse transactions (under certain circumstances) if required.
- Export transactions or a sub-set of chosen transactions easily to Excel
- Avoid paper-chasing – all supporting documentation can be accessed instantly
Unlike most other Cloud Accounting systems, our accounting solution provides a fully interactive VAT return function which allows you a much larger degree of flexibility while still maintaining the integrity of the return itself.
You can choose which accounting method to use (cash or accruals) when completing each return and AccountsIQ handles both.
Facilitates reporting of tax on cash and bank transactions, together with any tax posted through the GL.
Auto generates VAT return journals which flush the sales and purchases VAT accounts and post to the overall VAT Liability account.
Handles EC purchases and sales tax reports, VAT100 and VAT3 reports for UK and Irish Returns and INTRASTAT reporting is also available.
Our accounting solution enables more accurate prediction of your short-term cashflow, because your forecast will be based on real time information.
It provides a tool with which you can manage the expected payment or receipt dates for outstanding amounts and avoids spreadsheet proliferation.
The cashflow for each account can be graphed for the period specified.
You can manage the forecast by manipulating cash and bank balances and expected receipts and payments giving an accurate forecast of cashflow on a day-to-day basis.