AccountsIQ Reviews

Data entry can be done quickly with minimum errors

It automates the tasks like vat calculation, pay calculations, generation of Payslips

Reports can be made easily like profit and loss statements, customer accounts, inventory costs, sales forecast etc

Price is higher than paper based system

Implementation is a bit difficult and requires training

Sometimes faced some glitches that took time to fix

I used this software for tax return filing, invoice making, making sales forecast, keeping tracks on daily inventory, recording day to day financial transactions etc

It's really very easy to understand and it has logic and it makes sense when i am working with it.

I haven't found a fault just yet, creating the PO and receiving them it's just so easy.

to find out the PO's that i created without so much effort.

easy to use and with optimum performance

No keyboard shortcut while allocating, only mouse click which is time consuming

Helps me allocate money faster and produces debt reports

The smart integration and automation options. I also like the grid options, allowing easy export of data.

Not much to dislike. Always room for more integrations. Maybe Revolut next?

The multi-dimensional analysis using BI codes is a step up from any other provider.

It is very easy to pick up, I was new to it and found it extremely easy to start finding my way around the system, it was easy to run GLs, find creditors and debtors etc. The reports are fairly easy to get used to as well. I like the consolidation function, I find it easy to use as well, and I like the reports.

There are nice little functions as well, such as being able to edit postings whilst leaving an audit trail rather than just reversing and reposting. Another good feature is the intercompany posting function - intercompany invoices appear in the other entity automatically; this helps ensure that invoices are not posted in one entity but not the other.

I like the functionality and I know that I am not making full use of its potential, something I aim to remedy in the near future.

Although I like the intercompany/consolidation aspects, I feel there could be some improvement.

On the consolidation side of things, I think it would be beneficial to be able to drill into balances whilst in the reporting function in the group entity. So, for instance, being able to drill into a P&L or balance sheet code in a report and seeing the breakdown by entity.

It would also be helpful to be able to run debit/credit statements between entities, or rather to be able to run an intercompany matrix at month-end. Quickly seeing the balances owed between entities without having to go into them individually would be very helpful.

Finally, some small things - in the bank rec section, I sometimes would like to be able to export the postings in the bank rec period into excel. Also, when creating a BI code and tagging it to a dimension, it would be very helpful to start typing in the dropdown to find your dimension selection. We have long lists, and having to scroll down is very time-consuming sometimes.

The most important one for us is the quick consolidation facility. We are very easily able to see a single P&L, which is how we want to view our business.

Upload bank statement for reconciliation

When making payment, we have to open all the invoices to verify

Easy to process payments

reporting function is easy to read and navigate

uploading of templates from excel can be tricky - only accepts certain formats

streamlining our monthly finances and keeps track of our budget. Easy to report for our funders

For what i use it for the system is easy to use and straightforward.

I can't think of a negative point at the moment.

For my role, I only use the system to raise and process sales invoices and purchase orders so my use is limited but this process is made simple end efficient.

Easy to search

Quality Reports

Allocating isn't always straightforward. It's a bit clunky

Accounts IQ is currently attempting to set up a CIS Module for us which will benefit our sub contractor process

Very good system, user-friendly and good value for money, bank feed, PO system and links with external systems like Isam's are great features

Very limited function to customize the statements and invoices.

Admin user not able to force dual-factor authentication on other users

It is a great finance system, user-friendly and has lots of features that will make your work efficient. What I most like about accountsIQ is that they are always upgrading and making improvements to the system.

Very good finance system with all the functionalities required for us and makes the whole process efficient