Quickbooks vs AccountsIQ Comparison

93% 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

Quickbooks

Accounting Software

3.9 24 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	QuickBooks is an accounting software designed for small businesses, offering both on-premises applications and cloud-based solutions. Its user-friendly interface allows users to handle regular tasks like creating invoices or generating cash flow reports quickly and efficiently. With just a few clicks, businesses can access real-time reports and dashboards to monitor their cash flow and gain insights into where their money is going. QuickBooks provides essential accounting services, including accounts receivable and payable management, expense tracking, and Fixed Asset Management. Its intuitive design and powerful features make it easy for small business owners to stay organized and take control of their finances. Whether you need to manage day-to-day transactions or get a clear financial overview, QuickBooks simplifies the process, saving time and effort. It’s an all-in-one solution to meet the accounting needs of growing businesses and improve financial decision-making.. 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 $1.9.	Free Trial Not Available Offers Custom plan.
SW Score & Breakdown	93% 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 100% Reviews 69% Momentum 69% Popularity 93%	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 72% Momentum 62% Popularity 79%
SaaSworthy Awards	# 1 Most Worthy # 1 Fastest Growing	Not Available

Features

Total Features	18 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. Budget Forecasting Helps to create budgets using past performance and future projections. Forecasting uses data, trends, and analytics to predict revenue, expenses, and cash flow. 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 + 15 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. Budget Forecasting Helps to create budgets using past performance and future projections. Forecasting uses data, trends, and analytics to predict revenue, expenses, and cash flow. 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	Individuals Freelancers Large Enterprises Medium Business Small Business	Individuals Freelancers Large Enterprises Medium Business Small Business
Platforms Supported	SaaS/Web/Cloud Mobile - Android Mobile - iOS Installed - Windows Installed - Mac	SaaS/Web/Cloud Mobile - Android Mobile - iOS Installed - Windows Installed - Mac
Modes of Support	24/7 (Live rep) Online	24/7 (Live rep) Online
API Support	Available	Available

Reviews & Ratings

User Rating	3.9/5 24 user ratings	4.6/5 60 user ratings
Rating Distribution	Excellent 50% Very Good 16.7% Average 16.7% Poor 8.3% Terrible 8.3%	Excellent 65% Very Good 28.3% Average 6.7% Poor 0% Terrible 0%
User Sentiments	Ease of Use, Comprehensive Reporting, Extensive Integrations, Invoice Management Customer Support, Subscription Model, Software Performance, Limited Features for Large Businesses	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	QuickBooks Desktop Pro is praised for its user-friendliness, ease of navigation, and robust features. Users appreciate its ability to handle accounting, payroll, and invoicing, with many finding it simple to use even without prior accounting experience. However, some users report slow performance, particularly with large files and multiple users, and some dislike the shift to a subscription-only model. Additionally, customer support is often cited as a weak point, with users finding it difficult to get timely and effective assistance.	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 $1.9.	Free Trial Not Available Offers Custom plan.
Pricing Plans Monthly Plans Annual Plans	Simple Start $1.90 $1.90 per month Essentials $2.80 $2.80 per month Plus $4.00 $4.00 per month Advanced $7.60 $7.60 per month	Essentials (AIQ1) Others Growth (AIQ2) Others Enterprise (AIQ3) Custom
	View Detailed Pricing	View Detailed Pricing

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