AccountsIQ vs Xledger: What you need to know

If you’re a mid-sized, growing or multi-entity business, it’s likely that starter software or on-premise financial platforms are no longer fulfilling your needs. We take you through the key benefits that put AccountsIQ ahead of Xledger as a mid-market option.

Many mid-market businesses find ERP software like Xledger requires significant customisation and costly adjustments just to meet their needs. Our research shows that 60% of organisations use less than half of the complex functionality these systems provide.

With 5 x faster implementation times and at 1/6th of the cost, AccountsIQ gives you everything you need to save crucial time each month and drive better business decisions without needing to manage the hassle of rigid, overcomplicated systems like Xledger or other full-scale ERP platforms.   

AccountsIQ vs Xledger: How we compare

general-ledger
5 x faster implementation

We get you up and running in as little as 4-6 weeks, with no costly delays

erp financial systems
Lower cost of ownership

1/6 of the cost of full-scale ERPs and no extra functionality you won’t use

multi entity organisations
Dedicated in-house support

100% UKI support and dedicated onboarding, with no third-party costs

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Discover our customers’ success

Trusted by 35,000 users in over 85 countries
Humentum

“AccountsIQ does everything we need and it’s an ideal fit for us as the next step up from QuickBooks. With QuickBooks, month-end could almost take the whole month! Now, we do it within five working days. Getting the results out quickly makes a big difference.”

Jocelyn Boughton
From
Humentum
Global Director, Finance & Administration
Thermatic Technical FM

"Running reports in AccountsIQ is quick and we've got the capability to do multi-dimensional reporting, which will be really valuable to us. I'd say it takes about one tenth of the time we're used to in Sage."

Natalie Hopkins
From
Thermatic Technical FM
Finance Director
IFX payments

"Starter systems like Sage and Xero don’t really meet the needs of a complex business. AccountsIQ is a proper accounting package. It’s Cloud-based, user-friendly and meets all the accounting needs of an international business like IFX.”

Steve Allen
From
IFX payments
Group Finance Director
Salamanca Group

“I’ve spent 20 years in finance and AccountsIQ is by far the best solution I’ve come across. Hands down beats the major players and has more functionality at a cost effective price. Wish I found this years ago.”

Lee Camp
From
Salamanca Group
Finance Director
Blurred blue oval shape with soft edges on a transparent background.

FAQs

Does AccountsIQ support a variety of reporting dashboards?
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Yes. AccountsIQ offers a wide range of dashboards that you can tailor to your business. Examples include group and entity-level financials, cashflow forecasting, sales and revenue pipeline views, risk and KPI tracking, and role-based performance metrics—though this list isn’t exhaustive.

Does AccountsIQ offer reporting features that differ from other finance software?
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Yes. AccountsIQ stands out because it combines several advanced reporting capabilities:

  • - Real‑time dashboards and reports updated automatically.
  • - Multi‑dimensional analysis using up to six BI codes for flexible segmentation.
  • - Over 250 pre‑built integrated reports and one‑click consolidation across multi‑entity, multi‑currency groups.
  • - OData connectors for Excel and Power BI, enabling advanced analytics beyond the core system.
  • Can AccountsIQ handle multi‑entity and multi‑currency consolidation?
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    Yes. AccountsIQ's consolidation features allow you to run instant, real-time group consolidations across multiple entities and currencies. Each entity can operate with its own ledger, currency and reporting structure while still rolling up into the wider group through one click consolidation.

    FX handling can be automated using centrally managed average and period-end rates, as well as simplify inter-company transactions.

    Can you build a monthly management pack in AccountsIQ without using Excel?
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    Yes, you can absolutely build most of your monthly management pack inside AccountsIQ. Use the 250+ pre-built reports and set up dashboards for P&L, balance sheet, cash flow, KPIs, and margins. Then, save the reports you use and run the same pack each month, with drill-downs when you need it.

    If you still need a board pack in PowerPoint or PDF, do the analysis in AccountsIQ first, and then export key pages for the final presentation, instead of building everything in Excel.

    Does AccountsIQ offer real-time financial reporting?
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    Yes. AccountsIQ provides real-time financial reporting. AccountsIQ offers dashboards and analytics that update automatically as transactions are posted.

    Instant consolidation across multiple entities and currencies allow you to drill down from summary dashboards to transaction-level detail at any time.

    Can you export reports from AccountsIQ?
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    Yes. Most standard and consolidated reports can be exported directly to Excel, PDF, and Power BI via our OData live connector. Simply choose the export format and download.

    For group and consolidated reporting, there is a ‘one-click’ group reporting that you can then export in the same way.