AccountingSuite vs AccountsIQ Comparison

86% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

AccountingSuite

Accounting Software

4.4 98 user ratings

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86% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

AccountsIQ

Accounting Software

4.6 60 user ratings

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Overview

Description

Accounting Suite is a personalised cloud accounting software, that helps out companies scale their growing business. The platform keeps information floating between business advisors, employees, accountants and investors alike. It also makes transactions automated, eliminating manual entries and time-related hassles all the while. Detailed inventory management features are made available within AccountingSuite, which are of great help when it comes to monitoring activities from scratch. For project admins, contractor time tracking and employee active hours monitoring features are made available. They can make a shift from orders to cash using real-time inventory data, one-step sales orders and e-invoices as per need. Zapier, Paya, Bill.com, Gusto, Square, Zoho, Stripe and Avalara are some of the external platforms with which AccountingSuite can be integrated. Other functionalities involved are sales and purchase order monitoring, different tabs for seamless multitasking, cloud-based payables, project-based time tracking and more. Read more

Accounting transaction collection, processing, and reporting are made easier using AccountsIQ. They specialize in assisting multi-entity and developing firms who want to automate their procedures and reporting. AccountsIQ collaborates with over a hundred nonprofits, most of which have more complicated accounting and reporting requirements. AccountsIQ is a cloud accounting software that makes financial data collection, processing, and reporting a breeze. It has simple tools for automating consolidation, budgeting, auditing, filing digital VAT forms, and managing cash flow. It is built primarily for commercial contexts where several entities require access to a single platform and is appropriate for small to medium-sized businesses in all industries. AccountsIQ allows for extensive and granular reporting and performance benchmarking throughout a group network thanks to its customizable 3-tier General Ledger and 6-dimension BI coding structure. There are 250 reports, management reporting packs, and dashboards included, as well as an Excel Add-In and a Power BI link for customized analysis. Their cloud-based smart accounting software was created on the cloud. It allows you to automate a variety of financial operations, work more effectively with your team, and complete month-end tasks faster. Read more

Pricing Options

Free Trial Available
Starts at $16.58.

Free Trial Not Available
Offers Custom plan.

SW Score & Breakdown

86% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more

97%
Reviews

75%
Momentum

60%
Popularity

75%

86% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more

93%
Reviews

71%
Momentum

62%
Popularity

79%

Features

Total Features	15 Features	14 Features
Common Features for All	Accounts Payable Handling the money owed by a business to its suppliers. Accounts Receivable Handling the money the client owes to the company. Bank Reconciliation Matching the balances of an entity's accounting records with the corresponding information on a bank statement. Billing and Invoicing This feature helps in issuing and handling the invoice and bills. CPA Firms Offers collaboration with a professional expert for financial and consulting services. Cash Management Collection and management of cash. Collections Recovery of cash from a business or individual. Expense Tracking Keep a count of your day to day expenses as well as allows you to quickly identify where the expense report is in the approval process. Fixed Asset Management Helps in tracking fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence. General Ledger Maintaining and recording all the accounting related transactions. Multi-Currency Enables payment and collection in multiple currencies. Payroll Handling the salary payable to the employees Project Accounting Creation of financial reports specifically designed to track the financial progress of projects Purchasing Acquiring goods or services required for the business at minimal cost Revenue Recognition Determining the specific conditions under which revenue is recognized or accounted for Spend Management Managing the expenditure of a business in order to build its product or services Tax Management Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time + 12 More - Show Less	Accounts Payable Handling the money owed by a business to its suppliers. Accounts Receivable Handling the money the client owes to the company. Bank Reconciliation Matching the balances of an entity's accounting records with the corresponding information on a bank statement. Billing and Invoicing This feature helps in issuing and handling the invoice and bills. CPA Firms Offers collaboration with a professional expert for financial and consulting services. Cash Management Collection and management of cash. Collections Recovery of cash from a business or individual. Expense Tracking Keep a count of your day to day expenses as well as allows you to quickly identify where the expense report is in the approval process. Fixed Asset Management Helps in tracking fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence. General Ledger Maintaining and recording all the accounting related transactions. Multi-Currency Enables payment and collection in multiple currencies. Payroll Handling the salary payable to the employees Project Accounting Creation of financial reports specifically designed to track the financial progress of projects Purchasing Acquiring goods or services required for the business at minimal cost Revenue Recognition Determining the specific conditions under which revenue is recognized or accounted for Spend Management Managing the expenditure of a business in order to build its product or services Tax Management Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time + 11 More - Show Less

Technical Details

Organization Types Supported	Large Enterprises Medium Business Small Business	Large Enterprises Medium Business Small Business
Platforms Supported	SaaS/Web/Cloud	SaaS/Web/Cloud
Modes of Support	Business Hours Online	Business Hours Online
API Support	Available	Available

Reviews & Ratings

User Rating	4.4/5 98 user ratings	4.6/5 60 user ratings
Rating Distribution	Excellent 60.2% Very Good 28.6% Average 8.2% Poor 1% Terrible 2%	Excellent 65% Very Good 28.3% Average 6.7% Poor 0% Terrible 0%
User Sentiments	Comprehensive Accounting Capabilities, User-Friendly Interface, Cloud-Based Accessibility, Inventory Management Software Glitches/Crashes, Slow Performance, Outdated Features, Limited Customer Support Responsiveness	User-Friendly Interface, Comprehensive Reporting Functionality, Efficient Bank Reconciliation, Seamless Integrations with other platforms Occasional Software Glitches, Limited Customization Options for Invoices and Statements, Complexities with Intercompany Transactions, Lack of Specific Features (e.g., CIS Module, Bulk Invoicing)
Review Summary	AccountingSuite garners mixed reviews from users. While many applaud its user-friendly interface, customizable features, and comprehensive accounting functionalities, others point out drawbacks such as occasional bugs, limited reporting capabilities, and subpar customer support. The overall sentiment suggests that AccountingSuite may be suitable for small businesses seeking a user-friendly accounting solution but may fall short for larger organizations requiring advanced features and robust reporting.	Accounts IQ is a popular accounting software praised for its user-friendly interface and strong reporting capabilities, particularly for multi-entity consolidation. Users appreciate its ease of navigation, quick data entry, and automated tasks like VAT calculations and payslip generation. However, some find the implementation challenging and require training. Concerns also arise regarding the price point compared to traditional systems, occasional glitches, and limited customization options. Despite these drawbacks, Accounts IQ is widely considered a valuable tool for streamlining financial processes and providing insightful reports.
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Pricing

Pricing Options	Free Trial Available Starts at $16.58.	Free Trial Not Available Offers Custom plan.
Pricing Plans Monthly Plans Annual Plans	Start-Up $16.58 $19.00 per month Business $83.25 $99.00 per month Professional $208.25 $249.00 per month Pro w/eCommerce $299.91 $349.00 per month	Essentials (AIQ1) Others Growth (AIQ2) Others Enterprise (AIQ3) Custom
	View Detailed Pricing	View Detailed Pricing

Alternatives

	Quickbooks 4.2 24,150 ratings AccountingSuite Vs Quickbooks QuickFile 4.8 2,696 ratings AccountingSuite Vs QuickFile Sage Business Cloud Accounting 4.2 440 ratings AccountingSuite Vs Sage Business Cloud Accounting QuickBooks Online Advanced 4.5 563 ratings AccountingSuite Vs QuickBooks Online Advanced Freshbooks 4.3 3,302 ratings AccountingSuite Vs Freshbooks	Xero 4.2 7,623 ratings AccountsIQ Vs Xero AccountingSuite 4.4 98 ratings AccountsIQ Vs AccountingSuite NetSuite 4.2 238 ratings AccountsIQ Vs NetSuite QuickFile 4.8 2,696 ratings AccountsIQ Vs QuickFile Sage Intacct 4.3 4,517 ratings
	View All AccountingSuite Alternatives	View All AccountsIQ Alternatives