Name: AccountsIQ New Release 2015
Uploaded: 2015-09-10T16:20:31.000Z
Duration: 3 min 25 s
Description: A video showing the recently release of accountsIQ Cloud Accounting Software

Communications Outsourcing

Help Desk

Web and Video Conferencing

Customer Support

Innovation Management

Development

Business Intelligence (BI)

Collaboration

Enterprise Feedback Management

Interactive Voice Response (IVR)

Manufacturing Execution

Payment Facilitation

Supply Chain Management

Enterprise

Accounting

CTRM

Corporate Performance Management (CPM)

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Course Authoring

HR Compliance

HR Management

Payroll

Professional Employer Organizations (PEO)

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Cloud Storage

Enterprise Flash Array Storage

File Sync and Share

Fraud Detection

High Availability Cluster

In-Memory Databases

Integration Platform as a Service (iPaaS)

Internet Security

Network Operating Systems

Network Performance Monitoring

Remote Monitoring and Management

SaaS Management

Software Defined Storage (SDS)

Threat Hunting

User Virtualization

Wireless LAN

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Content Management

Digital Signage

Email Deliverability

Email Marketing

Graphics

Headless CMS

Marketing Automation

Online Reputation Management

Retail Media Advertising

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Social Media Publishing

Survey & Forms Building

Technology Review

Web Analytics

Marketing

Field Service Management

Project Management

Professional Services

Customer Relationship Management (CRM)

Social Commerce

Sales

Intrusion Detection

Security

Auto Repair

Building Information Modeling (BIM)

Construction Management

HIPAA Compliance

Homeowner's Association (HOA) Management

Insurance Agency Management

Investment Portfolio Management

Law Practice Management

Legal Billing

OSS/BSS (Operations Support/Business Support)

Retail Analytics

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### Reporting and Analysis
Users consistently praise AccountsIQ-Cloud Accounting Software's reporting and analysis capabilities. The software's reporting function is highlighted for being easy to read, navigate, and extract helpful reports. Additionally, the multi-dimensional analysis using BI codes is recognized as a significant advancement compared to other providers. Users appreciate the simplicity and efficiency in extracting records and producing management accounts reports. The software's integration with other tools and provision of quality reports are also commended. However, some users express minor concerns about the need for improvements in drilldown information and the flexibility of certain report layouts.

### Performance Improvement Tools
Users have expressed satisfaction with the performance improvement tools offered by AccountsIQ-Cloud Accounting Software, noting the software's ability to enhance efficiency and streamline financial operations. The continuous upgrades and improvements made to the system have been well-received, with users appreciating the user-friendly interface and the support provided by the AIQ team. While some minor suggestions for customization and speed enhancements have been mentioned, overall, users find the performance improvement tools to be a valuable asset in optimizing their accounting processes.

### Budgeting and Cost Control
Users consistently praise AccountsIQ-Cloud Accounting Software for its comprehensive budgeting and cost control functionalities. The software's ability to streamline monthly finances, track budgets effectively, and provide detailed cost analysis by department or cost center has garnered positive feedback. While some users have expressed minor concerns about specific features like bulk emailing and expense module integration, overall, AccountsIQ's budgeting and cost control capabilities are seen as a valuable asset for organizations looking to enhance financial management and decision-making processes.

### Invoicing and Payments
Reviewers have varying opinions on AccountsIQ-Cloud Accounting Software's invoicing and payments functionalities, with some highlighting its efficiency while others mention areas for improvement. Users appreciate the ease of processing payments and the support provided by the onboarding team. However, concerns have been raised about the time-consuming process of uploading invoices and difficulties in setting up direct debits. Some users find the system to be efficient in preventing missed payments once invoices are inputted. Additionally, the ability to generate and store invoices professionally is noted as a positive aspect by users.

### Transaction Management
Users generally appreciate the streamlined process of linking Barclays bank accounts to automatically import cash transactions, eliminating the need for manual entry. The ability to utilize templates for a wide range of transactions and easily copy transactions from previous periods has been highlighted as a time-saving feature. However, some users have expressed concerns about the complexity of producing payment batches and sending remittances, suggesting that the system could benefit from simplification. Additionally, feedback indicates that while the importing transactions function is efficient, there is room for improvement in terms of flexibility when posting journals and navigating the purchase and sale ledger interface.

### Accounts Payable and Receivable
Users consistently highlight the efficiency and effectiveness of AccountsIQ-Cloud Accounting Software's accounts payable and receivable functionalities. The integration with the general ledger streamlines processes, making approval, tracking, and cost identification straightforward. Additionally, the visual controls and OCR feature for invoice information extraction are lauded for enhancing the overall management of payables and receivables. The software's ability to automate feeds from other systems further adds to its appeal, providing users with a comprehensive and user-friendly solution for managing financial transactions.

### Financial Consolidation
Users consistently praise AccountsIQ-Cloud Accounting Software for its robust financial consolidation capabilities, noting its effectiveness in handling multi-tier consolidations, ownership percentages, and revaluations. The software's ability to streamline the consolidation process for group companies and intercompany transactions is highly valued by users. While some minor improvements have been suggested, overall, users find the consolidation tool user-friendly and beneficial for enhancing financial management across entities.

### Financial Statements and Balance Sheets
AccountsIQ-Cloud Accounting Software's financial statements and balance sheets functionality has received a mix of feedback from users. While some appreciate the ease of preparing balance sheets and running reports like Trial Balance, others have expressed concerns about limitations in customizing statements and invoices. Users have highlighted the software's ability to consolidate foreign subsidiary companies into a single trial balance, but have also noted challenges in allocating transactions within the balance sheet. The currency translation capability has been praised, but users have pointed out the need for improvements in customizing sales invoices and adapting to specific regional requirements.

### Purchase Order Management
Users generally praise AccountsIQ-Cloud Accounting Software's purchase order management functionality. The system's ability to streamline the creation and processing of purchase orders has been highlighted as a significant benefit by users. They appreciate the ease of raising and processing purchase orders, as well as the efficiency it brings to the overall procurement process. Some users have also noted the convenience of having all supplier details, purchase orders, and receipt information stored in one centralized platform. However, a few users have expressed minor concerns, such as the inability to delete line items directly from a purchase order and the lack of integration for auto-entry uploaded invoices. Despite these minor drawbacks, the consensus leans towards a positive experience with the purchase order management capabilities of AccountsIQ-Cloud Accounting Software.

### Supplier and Creditor Management
Users consistently praise the streamlined process of managing suppliers and creditors within AccountsIQ-Cloud Accounting Software. The software's intuitive interface and automation features make it easy to maintain up-to-date supplier accounts and track creditor information efficiently. While some users mention minor limitations in certain functions like producing payment batches and generating specific reports, overall, AccountsIQ's supplier and creditor management capabilities are viewed positively for their user-friendliness and effectiveness in handling supplier-related tasks.

Users have praised Accounts IQ for its user-friendly interface and its ability to streamline various financial processes. With time spent on the platform, users have found the software's user-friendliness to increase, making it easier to find and track purchase orders. Additionally, the software's multi-dimensional analysis using BI codes has been considered a step up from other providers, allowing users to analyze data in a more comprehensive way. Transitioning from a previous finance system to Accounts IQ has significantly increased efficiency in purchasing and month-end reporting for the accounts team. The software also helps users allocate funds quickly and generates debt reports efficiently. Customers have had all their requests fulfilled, leading them to continue using the software. Users appreciate the automatic transaction posting feature of Accounts IQ, which eliminates the need for manual posting and saves time and effort. The AP inbox feature simplifies the posting of purchase invoices, although users have suggested that it could be improved by allowing easier amendment or deletion of transactions entered in this way. The quick consolidation facility is highly valued as it allows users to easily view a single profit and loss statement, aligning with their preferred view of their business. Regular onboarding calls and clear communication channels help users identify and resolve issues, leading to the harmonization of the consolidation process and increased team efficiency. Users find Accounts IQ helpful for various tasks such as sales uploads, transaction uploading, bank reconciliation, and remembering transaction descriptions. By streamlining processes and reducing the number of systems to log in to, Accounts IQ minimizes human error and improves overall efficiency. The software encompasses all necessary accounting tools and offers benefits in terms of reports and essential information input for accountants. Users appreciate the portal for expense management as it saves time and reduces paper waste. The auto invoice scanning solution is particularly useful for handling large numbers of invoices, while the batch payment solution streamlines payment processing. Users find Accounts IQ professional and efficient when it comes to generating and downloading invoices. The software's user-friendly interface makes processing payments easier. The cloud-based reporting suite has been a significant improvement over the previous non-cloud-based system. The software offers features such as consolidation, revaluations, sales invoice production, customer portal, purchase order approval, access rights for users, VAT management, and exporting transaction records. Users express that they have already reduced their reliance on spreadsheets thanks to Accounts IQ. With its ongoing development and continuous improvement of functions and features, the software provides ongoing value to users. Overall, Accounts IQ proves to be a useful tool for finance management, catering to both beginners and more complex businesses, offering advantages for bookkeeping, consolidation, bank reconciliations, debtors and creditors reconciliations, and monthly management accounts. Transitioning from a previous accounting software, such as Quickbooks, to Accounts IQ has provided a reliable system for future use as the company continues to expand. The software eliminates the need for on-premise servers, allowing users to access accounting products anywhere and providing consolidated dimensional management. Accounts IQ has low cost approval requirements, eliminating the need for additional user setup and saving on costs. Users have praised the software's helpful and respectful customer support, as well as its quick resolution of queries and issues. The software generates excellent reports, saving users a significant amount of time. Accounts IQ is effective for VAT reporting across UK and Irish subsidiaries, making consolidation easy. The software is equally strong as a solution for single companies, catering to both accountants and non-accountants alike. With its collaborative partnership approach and continuous improvement, Accounts IQ provides a comprehensive financial management solution that meets the needs of various businesses.

Lack of Options and Functionality: Users have found that Accounts IQ lacks options and functionality on a holistic level, which is a major drawback. Some reviewers have expressed their disappointment with the limited features and suggested improvements that were not thoroughly evaluated.

Glitches and Absence of Keyboard Shortcuts: Some users have experienced glitches in day-to-day tasks, particularly when using the software without a mouse, which can be time-consuming. They have also found the absence of keyboard shortcuts to be an inconvenience, further slowing down their workflow.

Limited Integrations: Users have expressed the desire for more integrations, specifically mentioning Revolut. The lack of integration options has been mentioned as a drawback by several reviewers who feel restricted in their ability to connect with other platforms or services.

BookkeeperIQ

ControllerIQ

EnterpriseIQ

EnterpriseIQ with Consolidation

QuickBooks Desktop Enterprise is a widely-used accounting package designed for small to mid-sized businesses. It is the top of the QuickBooks line. Pricing starts at $3,000 for five users, and goes up depending on the number of additional users. They also offer an Advanced Inventory module for $999 / year.

Gold with Remote Access

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Diamond with Remote Access

Gold

Platinum

Diamond

QuickBooks Desktop Enterprise

Wave Accounting is a free, cloud-based accounting platform exclusively for small businesses. It supports double-entry bookkeeping and permits unlimited user access, invoicing, and expense management. Wave Accounting integrates with Wave's invoicing, receipt scanning, payment processing and payroll apps.

Starter

Pro - billed annually

Wave Accounting

AccountsIQ-Cloud Accounting Software

1 in 3 accounting software users find it difficult to choose the right tool. Find the best solution for you.

The Buyer’s Guide to Accounting Software

Accounting software automates and streamlines financial management, from core functions like accounts payable and receivable to complex tasks like ledger management and reporting. They are aimed at enhancing accuracy, providing real-time financial insights, and ensuring compliance. Advanced systems integrate with other business tools, supporting everything from expense tracking to payroll. Explore user reviews and comparisons to find the best accounting software for your business.

This is the Administration Layer where you manage all the companies/entities under your administration.

Manage User Profiles by switching on or off every single function, report or dashboard for each user profile.

Easily manage customers and suppliers in a list that can be customised to every single user helping to easily create workflow management.

Consolidate accounts of multiple entities, with partial ownership structures. Consolidate the GL, Sales and Purchase Data, Business Analytics or centrally manage exchange rates from the parent company.

Have personalised and customised dashboards to easily report the activities of your business.

Easily review your GL accounts by P&L, Balance Sheet or Trial Balance with a capability to drilldown to transaction level.

The "eye into the database" allows you to easily view all transactions and change logs. Create custom filters to regularly review specific transactions or changed transactions.

accountsIQ provides a&nbsp;Cloud Accounting Software solution for Accountancy Practices and Medium Sized Businesses offering:•Multi-currency accounting •Multi-location accounting •Group Consolidation •Enhanced Business Analysis Launched in 2008 after 80+ man-years of development and receiving ICAEW accreditation it is built using a Microsoft platform and using an SQL database architecture (meaning that each company has its own database - truly unique to accountsIQ). With 12,000+ users operating in 42 countries using 33 base currencies and 25 tax reporting regimes and servers hosted in the US, UK and Australia it means&nbsp;users can have data stored locally to their business activities. The solution was designed and built specifically for the Cloud for group companies, franchises and accountancy practices. It was&nbsp;designed by accountants for accountants and finance professionals. The company says their&nbsp;personal touch also means that the product is developed around their clients' requirements and needs. Regular feedback from their existing client base creates their product development roadmap. The company&nbsp;also offers consultancy days to build company specific functionality, reports or KPI's.

accountsIQ

An Overview of AccountsIQ and the Software

A guide to how Cloud Accounting can help accounting outsourcers

What companies should ask before moving to the Cloud or changing accounting system

How accountsIQ can help Professional Service Firms

The tell-tale signs your accounting system is holding back your growth

How accountsIQ can help Property Companies

How accountsIQ can help Fast Growing Start-Ups

Questions to ask before you select a Cloud Accounting system

A video showing the recently release of accountsIQ Cloud Accounting Software

AccountsIQ New Release 2015

This major new upgrade is designed to save your finance function time and to improve the ease with which you can extract useful information from the system.

The new look and feel reduces clutter and can be configured to suit individual users’ needs. The new technology delivers faster and easier navigation capabilities, with smarter workflows, and new reporting functions to make month end less of a chore. This short video (3 minutes) provides a preview of the new version

General Ledger and Configurable Accounting

Financial management solution, including capabilities for general ledger and configurable accounting

Accounts payable

This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.

Accounts receivable

This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.

Cash management

The software provides a complete picture of a company’s cash flows, streamlines payment processing, and includes cash forecasting.

Bank reconciliation

The software connects to a company’s financial institutions in order to reconcile accounting records with checking, savings and credit card accounts. Often month and year closing capabilities are included.

Expense management

The software can log and track business expenses and reimbursements, including travel-related expenses, with the ability to tie them to particular projects.

Time tracking

The software can track billable and non-billable employee time by project.

Fixed asset management

This includes the ability to track fixed assets (e.g., laptops), including location, check-in and check-out, maintenance scheduling, audit history, specialized property tax period reports, cost and depreciation.

Multi-currency support

The software supports transactions across multiple currencies.

Multi-division support

The software is flexible and supports bookkeeping practices along multiple dimensions such as locations, branches or products.

Regulations compliance

The software helps users adhere to typical accounting standards and regulations such as IFRS, GASB, or GAAP.

Electronic tax filing

The software provides a full electronic interface for the filing of repeatable taxes, such as payroll or sales tax.

Self-service portal

The software provides online portals for certain stakeholders to find information relevant to them, such as employees, vendors and customers.

Global Financial Support

Account using multiple ledgers, multiple currencies, and multiple entities

Primary and Secondary Ledgers

Record and report across multiple currencies and accounting standards with primary and secondary ledgers

Intercompany Accounting

Automatically balance and reconcile GL for intercompany transactions

Localizations

Meet reporting requirements with country-specific localizations

Journals and Reconciliations

Automate and synchronize ledgers and processes

Enterprise Accounting

Create accounting for disconnected ERP and non-accounting source systems

Configurable Accounting

Configure accounting rules and segments for each chart of accounts

Centralized Rules Framework

Integrate disparate ERP and transactional systems into single ERP instance

Standardized Processes

Centralize financial management to facilitate standardized financial processes

Inventory Management

The ability to track and manage the flow of goods or materials into and out of an inventory.

Inventory tracking

The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.