7 steps to setting up a Cloud accounting system

Changing finance system feels risky to some people. But for growing businesses, the biggest risk is in not changing soon enough. Without a modern finance system, you’re risking low productivity levels, and error-prone management reports. Here we show how to set up a cloud accounting system in 7 simple steps

August 29, 2025
4 Minutes
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Betty Katz
illustration of a finance system

Changing finance system feels risky and complex. But for growing businesses, the biggest risk is in not changing soon enough.

Sticking with outdated finance systems can be a bigger threat than change itself. Without a modern platform, your team risks operating inefficiently, producing error-prone reports and lacking the real-time insights needed to guide strategic decisions.

You may miss early warning signs, overlook growth opportunities, or simply spend too much time on manual processes that could be automated.

At AccountsIQ, we help businesses confidently transform their finance function—with expert-led onboarding and a smooth, structured implementation process.

Our onboarding and implementation consultants are qualified experts in FMS implementation and support.

We specialise in delivering finance system projects for complex, multi-entity businesses. Whether you’re moving from a legacy tool or scaling your finance function, our consultants work closely with your team to build a tailored onboarding, implementation and training plan—ensuring you’re up and running quickly, with minimal disruption.

Here’s an overview of how switching to AccountsIQ works

Accounting Software Implementation Steps

  • We start by understanding your organisation’s structure, reporting requirements and existing processes

  • We create a detailed implementation timeline with agreed milestones

  • Our team helps configure your Chart of Accounts, BI codes, and user roles

  • Training is delivered through a combination of live sessions and self-paced resources

  • Post-go-live, we provide ongoing support to help you optimise and expand your use of the platform

Our support includes free training

Our AIQ Academy is a dedicated learning portal where you can access training anytime, from anywhere and get the best out of our platform. With informative, easy-to-follow bite-sized videos, The AIQ Academy covers everything from everyday tasks to more advanced features like Group Consolidation.

It’s a powerful resource for onboarding new team members and refreshing your team’s knowledge—completely free of charge.

You can take small steps

A full system overhaul can feel overwhelming. That’s why we make it easy to move at your own pace.

Start by migrating your day-to-day core financial processes to AccountsIQ, such as invoicing, banking, and reporting. Once you’re comfortable, you can add more functionality—such as multi-currency consolidation, FX automation, or integrations—as your needs evolve.

Customer Success Story – Freight Investor Services

“The great thing about AccountsIQ is that we have the flexibility to re-think the way we structure the dimension and BI coding over time,” says Man Li, Head of Finance.

“We can start one way and flex as we go. Right now, we’re working with AccountsIQ’s support team to consolidate and standardise some of the BI codes; it’s a work in progress as we get more familiar with the system.”

Find out more about the benefits of cloud accounting software

AccountsIQ offers scalable, cloud-based finance solutions for mid-market organisations and franchises. Whether you’re growing fast, managing multiple entities, or modernising your finance function, we’re here to help.

Get in touch to speak to our team or book a personalised demo of AccountsIQ.