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AccountsIQ description
AccountsIQ is a cloud-based accounting software designed for mid-sized businesses, particularly those with multiple locations or complex structures. It helps automate financial processes like consolidation, reporting, and tax compliance. AccountsIQ is known for its strong reporting and business intelligence features, allowing you to analyze data in multiple dimensions and get a clear view of your company's finances. The software also integrates with other business applications, simplifying your workflow and providing a centralized platform for managing your finances.
Who is AccountsIQ best for
AccountsIQ is cloud-based accounting software ideal for mid-sized businesses with complex structures or multiple locations. Users praise its automated features, reporting capabilities, and integrations. However, some find the layout difficult and customer support lacking. It offers multi-currency and multi-company support. If you need robust reporting and business intelligence, AccountsIQ might be a good fit.
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Best fit for mid-sized businesses.
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Suitable for various industries.
AccountsIQ features
| Supported AccountsIQ allows setting up and maintaining a detailed chart of accounts. |
| Supported AccountsIQ can generate standard financial reports, including balance sheets, P&L, and cash flow statements. |
| Supported AccountsIQ offers real-time multi-dimensional reporting with interactive dashboards and reports. |
| Supported AccountsIQ offers seamless integrations with various platforms via its open API. |
| Supported AccountsIQ supports multiple companies and currencies, streamlining financial management across entities and regions. |
| Supported AccountsIQ supports core accounting functions, including recording, classifying, and summarizing transactions. |
AccountsIQ reviews
We've summarised 62 AccountsIQ reviews (AccountsIQ TrustPilot reviews and AccountsIQ G2 reviews) and summarised the main points below.
- Fast data entry with minimal errors.
- Automated VAT calculation, pay calculations, and payslip generation.
- Easy reporting, including P&L statements, customer accounts, and inventory costs.
- User-friendly interface, easy to understand and navigate.
- Excellent bank feed integration for automatic transaction import.
- Strong multi-dimensional reporting and business intelligence features.
- Efficient consolidation of multiple entities.
- Difficult to find simple things due to poor layout.
- Subpar customer support with unresolved issues.
- User suggestions are not thoroughly evaluated and often dismissed.
- Limited keyboard shortcuts, mouse-heavy navigation slows down tasks.
- Bank reconciliation glitches with transactions not appearing.
- Limited customization for invoices and statements.
- Inability to delete a line item in a purchase order; value must be reduced to zero.
- Difficult direct debit setup.
AccountsIQ pricing
The commentary is based on 2 reviews from AccountsIQ G2 reviews.
AccountsIQ's pricing is considered higher than basic bookkeeping systems, but users find its advanced features and cloud accessibility justify the cost. It offers powerful functionalities comparable to more expensive enterprise solutions, making it a cost-effective choice for businesses seeking robust accounting software.
See the AccountsIQ pricing page.
Essentials
All the basics and more for businesses of all sizes
Growth
All the tools for growing and multi-entity businesses
Enterprise
Price on application. Designed for larger/complex enterprises
AccountsIQ alternatives
QuickBooks OnlineBetter for small to medium businesses. More suitable for a wider range of industries like Healthcare, Finance, or E-commerce. Simpler user interface praised for ease of use. Offers online payments and billing automation. However, users mention unreliable bank connections and limited mobile app functionality as downsides. Negative pricing sentiment.Read more
Quick ConsolsBetter for larger enterprises, especially in finance, media, or software. Focuses on consolidated financial reporting, automating processes for multi-currency and diverse fiscal year-ends. More difficult to integrate with other accounting software.Read more
NetSuiteBetter for larger enterprises. Wider industry applicability. Has more momentum. More user reviews and higher Glassdoor rating. Integrates CRM, inventory, and e-commerce.Read more
QuickBooks Desktop EnterpriseBetter for a wider range of industries. A desktop application with optional cloud access.Read more
iplicitBetter for a wider range of industries and easier to use. It has more momentum than AccountsIQ.Read more
SoftLedgerBetter for growing companies managing multiple entities, currencies, or digital assets. More user-friendly and affordable than traditional ERP systems. A flexible API is available for integrations. Customer support is highly rated. AccountsIQ is growing faster.Read more
AccountsIQ FAQ
What is AccountsIQ and what does AccountsIQ do?
AccountsIQ is cloud-based accounting software for mid-sized businesses with complex structures or multiple locations. It automates financial processes, including reporting, consolidation, and tax compliance. AccountsIQ's business intelligence and reporting tools offer multi-dimensional data analysis for clear financial insights. It also integrates with other business applications.
How does AccountsIQ integrate with other tools?
AccountsIQ integrates with various platforms through its open API. This allows for seamless connections with other business applications, simplifying workflows and centralizing financial management. It streamlines processes like automated VAT calculations, pay calculations, and payslip generation.
What the main competitors of AccountsIQ?
Top AccountsIQ competitors include QuickBooks Online, NetSuite, QuickBooks Desktop Enterprise, and iplicit. These alternatives offer similar features such as financial reporting, multi-currency support, and integrations with other business applications.
Is AccountsIQ legit?
Yes, AccountsIQ is a legitimate cloud-based accounting software. It's known for its robust reporting, multi-dimensional data analysis, and business intelligence features. However, some users have reported difficulties with customer support and navigation.
How much does AccountsIQ cost?
AccountsIQ pricing starts from £199 per month for the Essentials plan, £450 per month for the Growth plan, and custom pricing for the Enterprise plan. Contact AccountsIQ for detailed enterprise pricing.
Is AccountsIQ customer service good?
AccountsIQ users generally praise the helpful and efficient customer support team, especially during onboarding and implementation. However, some have noted that user suggestions for product improvements aren't always fully considered, leading to some frustration.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.