Accounting software for renewable energy companies
Manage growth the easy way from raising funds and managing multi-entity accounts to maximising returns across the whole business stay in control with advanced digital processes, smooth intercompany accounting and dynamic business intelligence.
How AccountsIQ delivers for renewable energy companies
Managing multiple assets at every stage of development
Manage the profitability of your assets from construction through to operation. Our flexible coding structure allows you to monitor KPIs at a glance — by asset or across the whole portfolio — in real time.
Make complex accounting simple
Create new SPVs in minutes by creating a pre-configured template in the cloud. Simplify inter-company accounting with automated recharging. Enjoy a stress-free period end with consolidated reports including FX revaluation and intercompany balances.
Automate manual processes
Spend more time on critical tasks and go all-in with digital workflows and embedded AI. Increase productivity and reduce errors with automated purchase ordering, accounts receivable, expenses, reconciliation and reporting.
The biggest benefit that we see with AccountsIQ is that the data is dynamic; it is not just a report. We can drill down into the data, solve the query, and re-run the report accurately. We simply update or overwrite as necessary.
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 BayWa r.e. use AccountsIQ to manage multiple locations, currencies, and group VAT reporting across the UK and Ireland?
BayWa r.e. moved from Sage 50 to AccountsIQ so their finance team could manage a growing UK & Ireland footprint in one cloud system, rather than relying on manual processes. With multiple offices and sites, AccountsIQ was set up as “one-click processes” to give them visibility across multiple entities and currencies without complex reporting or manual consolidation.
For VAT, the implementation focused on centralising compliance: the team consolidated all VAT reporting and used AccountsIQ’s Group VAT functionality to create individual VAT returns, roll them into a single Group VAT Return, and run the supporting reports—speeding up the process and helping ensure they were aligned with HMRC Making Tax Digital (MTD) guidelines.
Read the better experience BayWa r.e. had after switching to AccountsIQ.
Which finance processes can you automate in AccountsIQ to speed up month-end close?
AccountsIQ helps automate several of the most time-consuming month-end processes by reducing manual posting, matching, and approval chasing. For banking and cash, automated bank feeds and smart matching support faster reconciliations, and finance teams can use system-driven workflows for payment runs and improved cash visibility, including forecasting. On the payables side, month-end is streamlined through capabilities like batch invoice posting, prepayment handling, and credit note processing, while purchase order raising and approvals can be managed remotely through automated workflows.
What’s the simplest way to manage SPVs and intercompany accounting as your renewable energy business grows?
AccountsIQ is built for multi-entity groups that need to manage multiple SPVs without losing control or visibility. Each SPV can operate with its own ledger, currency, and reporting structure, while still rolling up into the wider group through one-click consolidation. That consolidation can handle the realities of growing groups, including multi-currency translation, groups-within-groups structures, and more complex ownership arrangements such as minority interests or joint ventures.
On the intercompany side, AccountsIQ helps you process and track transactions between SPVs within the same system, with eliminations handled during consolidation to reduce manual spreadsheet work and reconciliation.
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