We reveal the key issues facing finance leaders in the UK&I, including 86% feel decisions about financial strategy are made without sufficient data or insight.
.svg)
Effective consolidation is a critical component of a streamlined finance function, ensuring a smooth, error-free month-end process. It not only supports financial accuracy but also enhances visibility, strategic decision-making, and overall business performance.
As mid-market businesses scale and diversify across multiple units, the complexity of consolidating accounts for these entities increases significantly. This can be particularly challenging for finance teams during the month-end close, as they strive to deliver accurate and timely financial insights across numerous entities and subsidiaries.
Effective consolidation is a critical component of a streamlined finance function, ensuring a smooth, error-free month-end process. It not only supports financial accuracy but also enhances visibility, strategic decision-making, and overall business performance.
Solving the month-end multi-entity challenge with automated consolidation
Financial consolidation at month-end is a complex process involving the integration of data from various entities. These entities often deal with different currencies, follow diverse accounting policies and have intercompany transactions that must be reconciled and eliminated. Without a streamlined approach, this becomes a time-consuming, error-prone process that delays reporting and creates compliance risks.
Automation can simplify month-end consolidation by providing finance teams with a unified source of truth. This accelerates reporting, enhances transparency and supports better decision-making. With automation, businesses gain visibility across all entities, ensuring compliance with accounting standards and delivering real-time insights that help finance leaders analyse consolidated results and forecast accurately.
Key consolidation challenges for multi-entity accounts:
Complex ownership structures: Accurately reflecting minority interests and consolidating financials for multiple subsidiaries can be challenging.
Multi-currency management: Ensuring consistency with exchange rates and managing currency translations can be tedious without automation.
Intercompany transactions: Properly eliminating intercompany balances to avoid double-counting or misrepresentation.
Budget and performance analysis: Comparing budget information against actuals across entities is crucial for strategic decision-making. These challenges can limit business growth and disrupt strategies for effective scaling. A cloud-based platform such as AccountsIQ can provide a solution to these complex consolidation problems.
How AccountsIQ simplifies month-end consolidation
AccountsIQ is designed to streamline the consolidation of multi-entity financial data, providing a comprehensive solution that handles the unique challenges of month-end close. Here’s how AccountsIQ can help finance teams transform their month-end consolidation process:
Easy automation: AccountsIQ’s flexible, multi-layered consolidation module automates the aggregation of financial performance across subsidiaries, reducing manual effort. It seamlessly handles complexities such as minority interest calculations, foreign currency revaluation and equity adjustments, ensuring accurate and compliant consolidated accounts.
Multi-currency support: AccountsIQ streamlines consolidating subsidiaries with different reporting currencies. The system automatically converts the financials of foreign subsidiaries into the group’s reporting currency at predefined exchange rates. It also provides functionality to handle foreign currency revaluations and translation adjustments, which ensures that exchange rate differences are appropriately accounted for in the consolidated financial statements.
Intercompany elimination automation: AccountsIQ simplifies the elimination of intercompany balances and transactions, preventing errors and ensuring that consolidated financial statements reflect true business performance. This automation is critical for maintaining integrity in financial reporting.
Comprehensive consolidated reporting: with AccountsIQ, users gain access to a suite of reporting tools, including a report manager, OData connector, and consolidated dashboards. These tools provide insights across the group, offering visibility into consolidated sales, purchase analysis and overall financial health.
Budget management and variance analysis: AccountsIQ allows businesses to consolidate budget information from all entities, compare actual performance against budgets and assess variances at a group level. This capability supports better financial planning and strategic management.
Transforming month-end consolidation: why AccountsIQ stands out
Adopting AccountsIQ for month-end consolidation helps businesses overcome traditional barriers in multi-entity financial reporting. By automating the process, companies can shorten close cycles, increase accuracy and provide management with actionable insights faster. Here’s a quick comparison of manual vs. automated consolidation processes:
Manual consolidation Automated consolidation with AccountsIQ Prone to errors due to data entry and complex calculationsAutomated data aggregation and calculation eliminates errorsRequires significant time investmentRapid consolidation reduces month-end close timesLimited visibility across entitiesConsolidated dashboards and reports provide holistic insightsDifficult to handle intercompany eliminationsAutomated intercompany eliminations streamline the process
Streamline your month-end close with AccountsIQ
For multi-entity organisations, month-end financial consolidation is complex and time-consuming, especially when relying on manual processes. AccountsIQ’s multi-entity consolidation features automate these tasks, helping finance teams to manage complex ownership structures, multiple currencies and intercompany eliminations with ease.
By choosing AccountsIQ, businesses can streamline their month-end close, enhance compliance and gain a clearer financial view - freeing up time for strategic planning and decision-making. Want to learn more? Gain insights into how the AIQ platform can help through the consolidation overview video on AIQ Academy, our comprehensive learning hub.
Ready to transform your consolidation process? Book a demo today!
With our powerful cloud accounting platform, finance teams can automate manual processes, streamline operations and save days of work. This allows them to focus on higher-value activities such as strategic decision-making and financial analysis.
In our recent report exploring the frustrations and tech-led aspirations of finance professionals, we found that 94% of senior professionals and 96% of junior professionals feel frustration in their current roles. The common culprit? The chaotic month-end process. Consolidating multiple entities, juggling disconnected systems and relying on time-intensive manual reporting all add to the pressure.
But we have the solution. With our powerful cloud accounting platform, finance teams can automate manual processes, streamline operations and save days of work. This allows them to focus on higher-value activities such as strategic decision-making and financial analysis. Here’s how AccountsIQ simplifies and optimises your month-end close.
Consolidate your financial data across multiple entities with ease
One of the standout features of AccountsIQ is its multi-entity functionality. We make it easy to consolidate financial data across different entities, currencies and geographies, all within one platform. Instead of manually uploading data from various systems, AccountsIQ centralises your financial information, reducing the risk of errors and ensuring a smooth month-end close.
AccountsIQ’s automated bank feeds seamlessly integrate with your accounts, ensuring real-time transaction updates across all your entities. Whether you’re managing subsidiaries, international branches, or joint ventures, our software ensures that financial data is consolidated efficiently and accurately.
Automate reconciliation for multi-entity accounts and reduce errors
Manual reconciliation across different entities and currencies can be time-consuming and prone to errors. AccountsIQ simplifies this process by automating reconciliation for both single and multi-entity operations. Our platform automatically matches transactions, eliminating the need for tedious cross-checking and minimising discrepancies.
With our advanced solution, you can reduce the time spent on reconciliation while ensuring that your financial data remains accurate and up to date. This not only speeds up your month-end close but also provides greater confidence in the integrity of your financial reporting.
Generate real-time, accurate financial reports with a few clicks
Reporting is a critical part of the month-end closing process and AccountsIQ makes it faster and more accurate than ever. Our platform provides real-time financial reporting capabilities, allowing you to create and customise reports with just a few clicks. From consolidated P&L statements to balance sheets, you can generate accurate, up-to-date information tailored to your business’s needs.
Additionally, our software’s multi-dimensional analysis feature lets you drill down into your financials, offering a clear and comprehensive overview without manually sorting through transactional data. With real-time data at your fingertips, you can quickly address issues and share timely, reliable insights with your stakeholders to enable informed, strategic decisions.
Save days on month-end close and drive greater innovation
Achieving a smooth month-end close is easier than ever with our automated, consolidated processes. Our purpose-built solution simplifies financial data consolidation for multi-entity businesses, automates reconciliation, and generates real-time reports effortlessly. By optimising these tasks, finance teams can reduce errors, save time, and enhance growth, leading to greater fulfilment for finance professionals at all levels.
Ready to transform your month-end close with AccountsIQ? Book a demo today and see how our powerful accounting software can simplify your financial operations and drive better business outcomes.
AccountsIQ founder, Tony Connolly, moving to the role of Executive Group Chairman, where he will continue to oversee business strategy. Previously serving as Chief Operating Officer, Darren has been with AccountsIQ for over 12 years
AccountsIQ, the cloud-based accounting software for mid-market organisations, has today announced the appointment of current COO Darren Cran as its new Chief Executive Officer.
Darren has been with AccountsIQ for over twelve years, joining when the company had just 14 employees and has played a key role in scaling the business to over 90 employees supporting more than 20,000 users worldwide. A Chartered Accountant who trained with KPMG, Darren’s career in finance and industry prior to joining AccountsIQ involved senior finance positions at Kefron, Crowe, and IRBC, with a heavy focus on systems.
Current CEO and Founder Tony Connolly is transitioning to the role of Executive Chairman at AccountsIQ Group, where he will focus on strategy as the group continues to evolve the functionality it offers to its customers while entering new markets and expanding internationally.
Tony commented: “The task of choosing my successor as CEO was an easy one. Darren joined AccountsIQ 12 years ago when we were a small team and he has played a key role in our growth and innovation. With AccountsIQ in his DNA, I have every confidence that he will continue to drive the business forward as CEO. We are both very committed to delivering excellence using the best technology and resources at our disposal to make AccountsIQ a world class product and service for our growing user base.”
“As COO Darren headed up Customer Success, which has been a vital component of our success, with onboarding and support services consistently achieving 97%+ customer satisfaction rates. This is recognised by AIQ being shortlisted for Best Digital CX at the International Customer Experience Awards. Darren also played a key role in securing our recent Series C investment round of €60 million from Axiom Equity, demonstrating his vital role in shaping the company’s future.”
Darren Cran, CEO at AccountsIQ, added: “I’m honoured to take on this role and continue working alongside Tony and the fantastic team we’ve built over the years. I’ve seen firsthand how the company has evolved into an international business supporting thousands of organisations. We have done this by staying close to our customers and partners. Our mission remains clear, to empower finance teams to navigate their digital transformation journey with the latest easy-to-use technology.”
“We have exciting plans ahead, including significant developments in our product roadmap, which we’ll be announcing in the coming weeks,” Darren continued. “These developments will reflect our ongoing commitment to innovation and providing high value, easy-to-use solutions to finance teams and their colleagues. I look forward to leading the next chapter of AccountsIQ’s growth.”
Automated data capture plays a vital role in improving efficiency, accuracy, and scalability across financial management operations. In this blog, we explore the importance of selecting the right data capture solution and why AccountsIQ stands out as the most robust option for businesses ready to scale through automation.
As businesses continue to grow, streamlining operational efficiency becomes critical, requiring multiple processes to change in rapid succession. Manual tasks need to be eliminated to free up time, and it becomes quickly apparent which complex financial tasks can be simplified and sped up using automation and other tools.
Automated data capture plays a vital role in improving efficiency, accuracy, and scalability across financial management operations. In this blog, we explore the importance of selecting the right data capture solution and why AccountsIQ (AIQ) stands out as the most robust option for businesses ready to scale through automation.
Automating data capture can transform how businesses handle information, reducing time spent on tedious manual data entry while dramatically improving accuracy and productivity. For scaling businesses, this can ultimately support long-term growth, freeing up resources to focus on strategy rather than gruelling administrative tasks.
Optimising data capture for growing companies should focus on seamless integration with broader business systems – whether it’s CRM, POS/ePOS, or inventory management systems – ensuring that data flows smoothly between them.
At AIQ, we offer a standout solution by automating data capture across multiple touchpoints, providing a real-time view of financial insights that drive smarter decision-making and operational efficiency.
To put it simply, mid-market and growing businesses must look beyond basic functionality when choosing a sufficient data capture solution. For fast-growing, mid-sized enterprises, selecting the right platform is critical to maintaining scalability while staying efficient.
Here are a few factors to consider:
One of the core features of automated data capture in AIQ is its Optical Character Recognition (OCR) technology. Designed to handle complex business needs, AIQ’s OCR capabilities allow businesses to automate the extraction of information from invoices, reducing errors and the time spent on manual data entry.
This functionality adds substantial value by streamlining and centralising the purchase-to-pay process. AIQ’s intelligent system automatically matches purchase orders (POs) raised within the platform to incoming detailed, multi-line-item purchase invoices (PIs), enhancing operational efficiency and minimising the risk of manual mistakes.
In addition, AIQ’s OCR system automatically assigns General Ledger (GL) accounts and Business Intelligence (BI) codes based on matched PIs, ensuring greater accuracy and speed. By integrating this feature within its broader financial management system, AIQ eliminates the need for multiple automation tools, making it an ideal solution for businesses looking to consolidate their tech stack while optimising financial workflows.
Our native OCR solution is designed to streamline workflows, minimising the need to switch between multiple applications for most day-to-day tasks. However, for more complex or specialised AP-related requirements, advanced tools like Lightyear can offer enhanced capabilities. In such cases, AIQ excels through its seamless integration, effortlessly connecting with external solutions to provide a comprehensive and flexible approach that addresses diverse business needs without sacrificing efficiency.
Integration is a critical factor in enhancing the efficiency of capturing data. AIQ stands out by offering both open API options and custom-built integrations developed by our dedicated team. Utilising our robust, well-established integrations with CRMs, sales platforms, and other cloud tools, we ensure seamless connectivity and real-time data accuracy. Additionally, we can host custom-built integrations if required, to meet specific operational needs.
With AIQ, data captured from various sources is mapped directly into the system without manual intervention. Moreover, the APIs can be tailored to the unique needs of each business, offering bespoke, scalable solutions that evolve as the business grows.
The reliability and scalability of AIQ’s API integrations reduce time spent on manual processes and offer cost-effective solutions to data capture, allowing businesses to focus on growth.
AccountsIQ provides a comprehensive, user-friendly expense module designed to streamline the entire expense capture process for businesses. This module includes an easy-access mobile app that simplifies expense entry, enabling employees to quickly and efficiently capture expenses on the go without needing to log into the full FMS.
The expense module enhances accuracy and efficiency in real-time expense capture, offering capabilities that go beyond basic OCR technology. From receipt capture to approval and payment, the module covers the entire expense management lifecycle, eliminating manual processes and reducing errors.
Automating data capture is a critical element for businesses looking to scale efficiently and without complications. AIQ’s built-in OCR capabilities, advanced API integrations, and seamless expense management solutions make it the ideal choice for companies ready to consolidate their tech stack and adopt a comprehensive, scalable solution.
Schedule a demo today to see how AIQ’s cutting-edge automated data capture can revolutionise your finance operations.
Empowering finance professionals at every level, Automation frees up time across the team for deeper analysis, enabling them to provide the insightful input that business leaders require to make informed decisions. Here are the key accounting tasks we believe should be fully automated in order to take your mid-market business to the next level of growth.
Are you looking to future-proof your finance operations? Automation could be the key. Empowering finance professionals at every level, it frees up time across the team for deeper analysis, enabling them to provide the insightful input that business leaders require to make informed decisions. Here are the key accounting tasks we believe should be fully automated in order to take your mid-market business to the next level of growth.
Tasks ripe for automation:
1. Accounts payable: Document scanning and digital storage can eliminate paperwork and significantly reduce manual processing, making invoice management faster and more accurate.
2. Expense management: A mobile expenses app can streamline the expense claim process, allowing employees to submit and track expenses on the go, reducing the administrative burden.
3. Data integration and accuracy: A cloud-based system that integrates with other business systems can minimise data re-entry and errors, ensuring a seamless flow of accurate information.
4. Bank feeds: Automated bank feeds streamline reconciliation by syncing transactions with the accounting system in real-time. This reduces manual data entry, minimises errors, and speeds up reconciliation, allowing finance teams to focus on higher-value tasks. The result is a more efficient and reliable financial management process that supports timely decision-making.
5. Management reporting: Advanced analysis tools and customisable dashboards enable targeted reporting and data filtering by criteria like projects or departments. This automation enhances decision-making by streamlining trend identification, reducing manual sorting, and improving overall financial management efficiency.
6. Consolidated group reporting: Automated consolidation reporting software simplifies the month-end process, reducing the time and effort required for accurate group financial statements.
7. Payroll processing: Integrating payroll software ensures timely and accurate salary disbursements, tax calculations, and compliance with local regulations, reducing manual errors and saving considerable time.
The impact of automation: Why is automation so beneficial for finance professionals?
Automation is more than just a buzzword in the accounting and finance world. It can be the differentiator for organisations striving to balance human expertise with technological advancements amid rapid change. Those who embrace automation will be better positioned to optimise efficiency and retain talented individuals.
For junior professionals, automation means less time spent on mundane, repetitive tasks and more time for strategic thinking and career development.
For senior finance leaders, it brings higher accuracy, enhanced decision-making capabilities, and the opportunity to focus on growth and innovation.
For businesses, automation translates to improved operational efficiency, error-free analytics, and real-time insights that drive better decision-making. This is particularly impactful for mid-market businesses, where resources are often limited, and efficiency can be a significant competitive advantage.
With automation, finance professionals can expect:
At AccountsIQ, we are thrilled to announce our strategic partnership with IRIS Software Group (IRIS), a global leader in accounting, edtech, and human capital management solutions.
At AccountsIQ, we are thrilled to announce our strategic partnership with IRIS Software Group (IRIS), a global leader in accounting, edtech, and human capital management solutions. This collaboration is set to drive cloud tech innovations, offering an integrated suite of cloud-based payroll, HR, and finance solutions that streamline operations, enhance cross-departmental collaboration, and empower businesses with powerful business intelligence tools.
A proven and expanding partnership
Since 2018, AccountsIQ and IRIS have successfully collaborated across various sectors. Building on our six-year partnership, we are excited to extend the availability of AccountsIQ’s advanced financial platform to IRIS Cascade and Staffology customers through the IRIS HR Marketplace. This expansion aims to benefit HR and Payroll customers by providing them with integrated, cloud-based solutions.
Seamless data integration between payroll and finance systems
The out of the box integration provides a flow of Staffology and Cascade payroll data directly into AccountsIQ, providing businesses with a unified cloud-based solution for payroll, HR, and finance that covers the entire employee lifecycle. This integration enhances operational efficiency and delivers actionable business intelligence insights.
Key benefits of the integrated cloud HR, Payroll and Finance system
Real-time Financial Performance Monitoring: Our intuitive dashboards provide detailed data analysis of financial performance, enabling businesses to make informed, data-driven decisions and swiftly adapt to evolving financial conditions.
Simplified Regulatory Compliance: Our platform simplifies VAT returns, corporate tax filings, and Companies House submissions, ensuring businesses remain compliant with current and future regulatory requirements.
Enhanced Accuracy and Streamlined Operations: By integrating payment authorisations and approvals into a single system, we reduce manual data entry, facilitate multi-currency transactions, ensure consistent data accuracy across functions, and strengthen financial governance.
Comprehensive Budget Management: Full audit trails support superior cost control and performance oversight, making it easy to authorise payments and invoices, and manage and consolidate invoices across multiple entities.
Real-world impact: insights from industry leaders
Steve Allen, Financial Director at IFX, emphasised the transformative role of AccountsIQ in their business growth:
“Our growth soared by 110% the year before last, a feat we attribute directly to AccountsIQ. Had we still been using Sage 50, our growth would have been stunted or, at the very least, would have required a significantly larger finance team.”
Building on this, Stephanie Coward, Managing Director of HCM at IRIS, shared her excitement about the collaboration:
“We are thrilled to introduce AccountsIQ as a strategic partner in IRIS' HR Marketplace. This partnership enables our customers to leverage a fully integrated, cloud-based suite of payroll, HR, and finance solutions, ultimately saving them time, improving cost control, and boosting profitability.”
Tony Connolly, Founder and CEO of AccountsIQ, highlighted the broader impact of this collaboration:
“We're enthusiastic about advancing our partnership with IRIS. By integrating HR, finance, and payroll solutions, we streamline processes and save time, allowing users to focus on growing their businesses. This expanded collaboration offers a fantastic opportunity for both AccountsIQ and IRIS to deliver a more unified and efficient service to our clients.”
Looking ahead: expanding opportunities
With AccountsIQ now available to Staffology and Cascade business customers, we are planning to expand its integration across IRIS’ accounting division products. This initiative will further enhance the unified service offering, providing even more businesses with powerful, integrated solutions for their payroll, HR, and finance needs. To learn more about the IRIS and AccountsIQ partnership, visit the IRIS HR Marketplace.
AccountsIQ, the cloud-based accounting platform, has secured a €60M Series C investment from Axiom Equity, a B2B SaaS growth equity fund. This investment will drive the development of AccountsIQ's product, leveraging AI advancements to shape the future of finance.
AccountsIQ, the cloud-based accounting platform, today announced that it has secured a €60M Series C investment from Axiom Equity, a specialist B2B SaaS growth equity fund. The investment will be focussed on continuing to develop the AccountsIQ product to shape the finance function of the future, taking advantage of advancement in AI throughout all aspects of the solution.
AccountsIQ provides a financial management system (FMS) Software-as-a-Service designed to transform the finance function, solving complex problems like multi-currency consolidation, multi-level approvals, third-party integrations, and automation of daily processes. It empowers finance teams to collaborate digitally with stakeholders in their businesses by giving the right information to the right user at the right time, enhancing the financial IQ of the organisation so it can make better decisions.
This investment will enable AccountsIQ to move to the next level of its development as a leading international FMS, growing its resources to more than double its team to over 200 people over the next few years and enhancing its AI capability to deliver even more value to its diverse customer base.
Tony Connolly, Founder and CEO of AccountsIQ, commented, “Having hit a critical milestone with over 1,000 customers, we are now poised to take the AccountsIQ product and service to the next level. This investment comes at a perfect inflection point for our offering, to allow us leverage AI tools into practical, easy to adopt services for our user base; to make finance team roles more flexible, valuable, less repetitive and indeed more interesting.”
Martin Wygas, Founding Partner of Axiom Equity, added, “We were immediately impressed when we met the AccountsIQ team and saw the product and its positioning. The deep understanding of their customer base and forward-thinking vision deeply resonated with our team. Recognising the potential to accelerate AccountsIQ’s product development with additional capital and expertise, we are excited to be partnering with them to scale AIQ to the next level.”
In the last six months, AccountsIQ has chalked up no less than three UK business awards and been shortlisted for a fourth.
In the last six months, we’ve chalked up no less than three UK business awards and been shortlisted for a fourth. Our most recent win at the UK Business Award 2024 — Accountancy Awards honoured our “Outstanding Contribution to the Accountancy Profession”. It is a great achievement to be recognised by the accounting community for the work we’ve done to break new ground, transforming the way finance teams, CFOs and accountancy practices work with emerging technology.
Our goal has always been to continually improve and streamline accountants' processes to better serve their clients, as well as helping in-house finance teams find a new level of productivity. AccountsIQ automates entire accounting processes end-to-end, such as accounts receivable, accounts payable and bank reconciliation. Introducing digital processes to the accounting community significantly saves time, reduces error, improves business intelligence and allows accountants to do more strategic work. To achieve this, we use automation technology extensively in our core accounting product and continually extend the range of ready-made integrations with some of the most widely used cloud apps for payment, expenses, CRM and document management.
AccountsIQ has been supporting franchise businesses since its earliest days. For franchisors, having a pre-configured, template accounting system for each franchisee brings consistency and speed of implementation for a relatively low cost of ownership. For franchisees, starting out with a pre-configured accounting system that’s tailored to the exact needs of the business makes onboarding simple and quick.
We’ve also been recognised for innovating on delivery and were awarded the Silver prize in the ‘Best Digital Transformation Journey’ category at the UK Customer Experience Awards in the last quarter of 2023. The award celebrates a digital transformation project of our own that aims to guide customers through education, implementation and ongoing support. The AIQ Academy e-learning portal gives ‘on-demand’ training on all product features in role-based learning pathways.
Making the finalist shortlist for the UK Fintech awards is also worth a mention. We presented the panel with examples of our inventiveness that stems from combining robust, enterprise-grade accounting software with integrations, automation and business intelligence tailored specifically to customers' needs. Our software is innovative, not just in functionality, but in how we deliver it based on each client's unique finance requirements and objectives. Making the shortlist in this tough category is proof of our strength in combining leading technology with consultative, outcome-driven implementation.
Our product roadmap is shaped directly by research into our customers' deepest challenges and emerging needs. Through the years, we’ve pioneered innovative features – like multi-entity consolidation, custom drill-down reporting and embedded global payments – based on this customer intimacy. Ultimately, we aim to counter challenges around complex integrations, siloed business units, manual reporting and limited insights. If you’re struggling with any of those problems, we can help. Just get in touch.
For tech companies and startups, having an agile, efficient, and insightful financial reporting system is critical. This is where AccountsIQ’s cloud-based accounting software solution becomes a game-changer.
In the tech industry, the ability to make informed, strategic decisions quickly can mean the difference between leading the market and falling behind. For tech companies and startups, having an agile, efficient, and insightful financial reporting system is critical. This is where AccountsIQ’s cloud-based accounting software solution becomes a game-changer.
By choosing a robust cloud accounting solution, your finance team will be empowered by advanced reporting capabilities that drive better business decisions. Here’s how AccountsIQ’s intelligent features are essential to help you grow your business in the tech space.
For tech companies, leveraging real-time data is crucial for staying competitive. AccountsIQ’s cloud accounting software offers smart reporting structures that enable you to monitor and allocate growth and profitability according to your ambitious and ever-evolving business targets.
Your finance team can instantly access real-time data through preconfigured dashboards, allowing you to swiftly obtain narrative insights and review KPIs at a glance. This rapid access facilitates faster and more informed decision-making, which is crucial when you need to adapt quickly to market demands and internal performance metrics.
By simplifying complex accounting, providing real-time data through role-based dashboards and offering integrated reports, AccountsIQ gives you the ability to deliver accurate, timely insights. This enables strategic decision-making, keeping you agile and responsive to market changes.
Tech startups and companies often face complexities in operating across various regions, especially when handling multiple currencies. AccountsIQ streamlines inter-company accounting, facilitating seamless management of multiple entities and ensuring error-free period closes with real-time reporting for precise financial records. Advanced analytics, like the six-dimensional BI coding structure, allow you to monitor Monthly Recurring Revenue (MRR) and Annual Recurring Revenue (ARR) by product and region, helping you to manage foreign exchange risks and aligning your financial strategies with wider business goals.
As a tech company, we know you often rely on multiple applications to manage your operations. AccountsIQ stands out against competing solutions thanks to our open API, which integrates seamlessly with existing systems including CRMs, financial analysis tools and investment management platforms.
This creates a centralised data hub, ensuring consistent and accurate financial information for your business. By housing this data in one central location, you and your finance team benefit from improved and more reliable reporting, enhanced strategic decision-making abilities and overall improvement to your financial performance.
Automation drives efficiency and innovation in tech companies. AccountsIQ boosts operational performance by automating tasks like purchase orders, approvals, expenses, and bank feeds. It supports multi-currency transactions and multi-entity consolidation, allowing you and your team to focus on strategic analysis instead of administrative work. This not only saves time but also reduces human error, ensuring more accurate financial data.
AccountsIQ offers a perfect solution for growing tech businesses that need advanced, unrestricted features. Its six-dimensional BI coding structure and advanced analytics provide deeper insights and precise control over financial data.
With a commitment to continuous innovation, AccountsIQ is the accounting software that can grow with you and support you on your growth journey. Our solution ensures you have access to the latest technology and features while also providing substantial time savings and reducing costs.
Advanced integration with existing systems minimises disruption, while comprehensive support and a user-friendly interface make AccountsIQ an optimal choice for tech companies aiming to enhance their financial operations.
Having the right accounting software can significantly impact your team's productivity and success. AccountsIQ stands out as a leading accounting software solution, offering not only robust features but also an award-winning onboarding, training, and ongoing support.
Having the right accounting software can significantly impact your team's productivity and success. AccountsIQ stands out as a leading accounting software solution, offering not only robust features but also an award-winning onboarding, training, and ongoing support.
Our featured blog this month highlights AccountsIQ's exceptional achievement in digital innovation, earning the Silver award for "Best Digital Transformation Journey" at the 2023 UK Customer Experience Awards. We'll discuss how AccountsIQ is a standout solution, offering mid-sized businesses a tailored onboarding process, comprehensive training, dedicated support, and continuous feature updates. When compared to conventional platforms like Sage 50 and Xero, AccountsIQ is committed to advancing digital accounting solutions, not just meeting but exceeding current business needs and defining new standards in finance technology.
AccountsIQ is committed to providing a seamless onboarding experience for its clients, ensuring a smooth transition onto the new platform. Our highly experienced professional services team includes qualified experts in accounting, technology implementation and support. They will work with your team to deliver a detailed accounting software implementation plan. We can get you up and running in 4 to 6 weeks.
AccountsIQ is devoted to ensuring your team's smooth transition to digital financial management with a bespoke training approach, catered to medium-sized businesses and bolstered by our extensive e-learning provision, AIQ Academy. Mindful of the shifts towards hybrid and flexible practices, we have developed our educational offerings to be as adaptable and accessible as today's work models demand.
Our training programmes span from fundamental principles to the complexities of sophisticated features and are delivered through AIQ Academy's targeted video modules, which are concentrated for maximum impact. These modules, along with practical exercises and assessments, facilitate a self-paced, comprehensive learning experience, enabling the adoption of complex functions such as Group Consolidation. This dual educational strategy ensures that your team is not only equipped but also confident in maximising the capabilities of our software, enhancing productivity and efficiency within the intricacies of modern financial management.
At AccountsIQ, support doesn't end after the onboarding and training phases—it's an ongoing commitment. With an average response time of just 20 minutes, our dedicated support team is readily available to address any questions or concerns promptly. We understand the importance of continuity, which is why we strive to assign the same personnel to your company, building familiarity and streamlining communication.
Additionally, clients benefit from a dedicated Customer Success Manager whom they can book time with for any questions or feedback about the system. This personalised approach ensures that your needs are consistently met and that you have a trusted point of contact for ongoing support and guidance.
AccountsIQ empowers ambitious medium-sized businesses with award-winning onboarding, training, ongoing support, and innovative features. So why settle for anything less? Experience the AccountsIQ difference.. Book a demo with our experts today.
With AccountsIQ, multi-entity companies can capture, process and report their Group VAT quickly and easily and with full confidence they are complying with MTD.`
Many of our UK-based multi-entity customers find it is beneficial to register for Group VAT via HMRC’s Making Tax Digital (MTD) scheme. This is why we have simplified and streamlined the process even further.
Here's a quick overview of the potential benefits of Group VAT Registration*:
*We strongly advise you to seek professional tax advice before forming a tax group, as there may also be potential downsides.
With AccountsIQ, multi-entity companies can capture, process and report their Group VAT quickly and easily and with full confidence they are complying with MTD. Remember, HMRC’s ‘digital link’ specification also applies to the calculation and submission of Group VAT. This means that there needs to be a direct link between your accounting system and HMRC; no manual rekeying or copying and pasting of data is allowed.
The AccountsIQ platform has a direct link to HMRC, alongside ensuring you have a full audit trail of your Group VAT returns.
To simplify and streamline this process even further, we’re redesigning and modernising our existing Group VAT functionality. The main improvements are:
1. More visibility
On the new Group VAT Return you’ll see the live status of the individual VAT Returns of all the companies in your VAT Group. That makes it easier for you to know exactly when your Group Return is ready for review and submission to HMRC. You can also see the breakdown of each entity’s VAT directly in your Group VAT Return.
2. Built in compliance controls
Our compliance features prevent anyone from submitting your Group VAT Return until all the individual returns have been completed. Once submitted, your Group VAT Return is locked. That means no-one can edit either the group or individual company returns.
These Group VAT updates are just one example of the range of product improvements we’re launching to make life easier for finance teams in multi-entity and growing companies.
If you’re a current AccountsIQ customer, don’t forget that QHub is the place to go if you need any help or support at any time. In just one click, you’ll have access to everything you need throughout your AccountsIQ journey. From onboarding and on-demand training to chatting to our Support Agents or booking a slot with your Customer Success Manager – you can access it all from the ‘Q’ link on your AIQ screen.
If you’re not yet an AccountsIQ customer but have questions, or just want to find out more about how we could help your finance function be more efficient and effective – get in touch.
Exciting news for AIQ clients! We are thrilled to announce that AIQ Academy, our client-centric learning hub, is now officially CPD certified. This means that you can now earn valuable CPD points upon completion of our AIQ Academy courses.
Exciting news for AIQ clients! We are thrilled to announce that AIQ Academy, our client-centric learning hub, is now officially CPD certified. This means that you can now earn valuable CPD points upon completion of our AIQ Academy courses. As one of the first online education providers to offer CPD accreditation options in our industry, we take pride in empowering our users with recognised professional development opportunities.
CPD (Continued Professional Development) is not just a fancy acronym—it's your passport to personal excellence and recognition worldwide. As a globally recognised certification service and industry standard, CPD can level up your professional skills and unlock new opportunities for growth and success.
There are many benefits to becoming CPD certified, say for example, being more efficient with one’s time. When you complete courses via the AIQ Academy:
All AccountsIQ platform users can acquire CPD points after completing each course–and there are more than 20 to choose from.
Once a course is completed via the AIQ Academy, a completion certificate containing a CPD logo and the number of CPD hours/points is generated and sent to your registered email. It’s that easy!
Log on to the AIQ Academy and get started!
Fully integrate your tech-stack with AccountsIQ's customised accounting software integrations. Benefit from full visibility and accurate data syncing between your systems.
Many finance teams dream of a fully integrated tech-stack where information flows smoothly between your finance and other business systems. Imagine, no data entry duplication, full visibility, more accurate cash-flow forecasting and reliable, timely management reporting. Well, this is no dream.
We’ve invested in making our customised accounting software integrations service do all that. We’ve also made it as flexible and user-friendly as possible. Here are two reasons we think this makes it unique:
If you don’t see the system you want to integrate with on our Accounting Software Integration Partners page, just talk to us. For example, a rapidly expanding restaurant group, Camile Thai, worked with our Integrations team so they could integrate AccountsIQ with MarketMan (a restaurant inventory management system). This gives them essential granular business intelligence information.
“We love using AccountsIQ. And I’m delighted with the way the integration’s worked. The AccountsIQ team were super-responsive; they helped us to map out what we needed and worked around our schedule to keep the project on track.”
Eoghain Grant, Financial Accountant, Camile Thai
We customise the integration to meet your individual needs. We have a team of accounting software integration experts who are always on hand to help. They sit down with you to work out what’s important to your business and suggest ways we can work together to manage it all.
Pete McKeown, Systems Integration Specialist with AccountsIQ explains:
“We talk to customers to understand their pain points and spec out what they want. That means we can design and configure the integration for customers’ specific processes and workflows. We strive to make it do exactly what they want it to do.”
“For example, recently a customer said they wanted to invoice from Salesforce. Their data wasn’t structured in the optimum way to do this, so we helped them to design a bespoke invoice solution in Salesforce. We also provide a cost/benefit analysis so they can make the business case internally for an integration that will improve their productivity.”
Our Integrations team then co-ordinate with our Onboarding team to ensure you have your business-critical integrations up and running from day 1. They can also work with you on an on-going basis. Customers often come back to us post go-live because they want to integrate another system with their AccountsIQ platform.
“The integration and the API are what we’ve been really happy with. We have developers in house who roll their eyes when you talk about the other larger accounting software vendors because they are so cumbersome. Our team found it really easy working with AccountsIQ to get it all up and running. That’s what really sold us.”
Helen MacDonald, Finance Manager at Cyber Security experts, PortSwigger.
The business world never stands still. As your company grows and your needs become more complex, you’ll probably want to introduce new systems to your tech stack. Our Integrations team will always be on hand to consult and advise on integrating new software, processes and workflows into AccountsIQ.
You can delete all those ‘New Year, New You!’ messages crowding your in-box. It’s too much pressure. No-one needs that. One area that is worth reviewing is your accounting software. As your business grows and evolves, your starter accounting software can struggle to cope.
You can delete all those ‘New Year, New You!’ messages crowding your in-box. It’s too much pressure. No-one needs that.
One area that is worth reviewing in 2023 is your accounting software. As your business grows and evolves, your starter accounting software can struggle to cope.
If your company grows fast, you can quickly find yourself processing hundreds of thousands of transactions every month. You’ll need to make sure your finance system can cope.
You can free your time and keep on top of your finances. Smarter, automated workflows and authorisation processes will boost efficiency and eliminate the risk of inaccurate data entries on multiple spreadsheets.
Your management team needs to make crucial business decisions, fast. You can drive that process by delivering real-time, accurate management reports direct from your finance system.
Consolidating the accounts for a group of companies can be one of the most challenging tasks for a finance team. But it doesn’t have to be. Combined accounting and group consolidation software makes consolidating a breeze, with no more complicated workarounds.
You’re probably using multiple systems across your business. Just think how much more efficient it would be if your finance system seamlessly integrated with your CRM, booking system or payroll, or even your on-premise systems.
AccountsIQ is an ideal next step up from starter Cloud and older on-premise accounting systems. You’ll be able to automate manual accounting tasks and quickly deal with more complex finance processes, such as multi-currency consolidation and inter-company transactions. You’ll also be able to deliver accurate and actionable business intelligence to your management team.
“The year before last we experienced 110% growth. We could not have done that without AccountsIQ. We would have collapsed or, at the very least, we would have needed a much bigger finance team.”
Steve Allen, Group Finance Director, IFX Payments
How to take the stress out of month-end close for finance teams
Every CFO has many and varied responsibilities. But running the finances of a private equity portfolio often involves an even broader range of disciplines, challenges and relationships. So what separates private equity CFOs from the rest?
Every CFO has many and varied responsibilities. But running the finances of a private equity portfolio often involves an even broader range of disciplines, challenges and relationships. So what separates private equity CFOs from the rest?
Here are 3 extra complexities of private equity finance – and how to deal with them.
All CFOs are responsible for financial reporting. But the depth and pace of reporting in PE funds can come as a surprise if you’re a CFO new to the sector. For example, a 5-days-or-less monthly close is often a requirement. You’re also likely to have to deal with:
In addition to the monthly close, many PE funds require daily or weekly dashboards showing performance against multiple financial and operational KPIs. Partners or other stakeholders will demand financial visibility and business intelligence to monitor, assess and manage risk across a complex portfolio. They’ll also need to be confident that they’re basing decisions on ‘one version of the truth’ across your portfolio of SPVs.
These reports could take the form of a management pack, dashboard reports or PowerBI reports. Here’s an example of how a private equity firm might set up their multi-dimensional reporting and analysis in AccountsIQ.
As finance chief for a complex portfolio of multiple funds/SPVs you can quickly find yourself drowning in spreadsheets for each entity. When you add in the complexities of inter-company transactions, minority interests and FX re-evaluations, you can easily be spending a week (or more) every month just producing consolidated reports. With AccountsIQ, it’s just one-click to perform your consolidation as often as you need.
“I don’t know of any other system that can do consolidation the way AccountsIQ can. It takes the complexity out of everything and saves us a lot of time. It used to take two weeks to do our accounts; now with AccountsIQ, and other improvements, we get our accounts out in five working days.”
Wayne Copeland, Head of Finance, AES International
Read our AES International case study to find why they chose AccountsIQ to make it easier to consolidate their multiple entities and produce bespoke management reporting packs.
“Previously, Apera’s group consolidation was done in spreadsheets: data was exported from various systems and in different currencies, then brought together in Excel. AccountsIQ’s accounting and consolidation software means there is no fiddling around in spreadsheets trying to get things to tie. Working in Excel was not sustainable; before AccountsIQ, we had instances where we were struggling to get these reports right, sometimes until 2 a.m.”
Rob Shaw, CFO of Apera Asset Management
Read our Apera Asset Management case study to find out why they chose to move from Xero to AccountsIQ when consolidation became too cumbersome and international jurisdiction requirements became too complex.
Private equity funds are notorious for their FP&A and financial due diligence requirements. You’re likely to be responsible for providing cash flow projections, financial modelling and forecasting to a greater level of detail than in many non-PE companies. Senior leaders will also look to the finance team to provide industry benchmarking and present insights and scenario plans for multiple growth opportunities.
AccountsIQ facilitates this through its open API structure. We can build custom integrations with your existing business systems. We also have a seamless integration established with financial forecasting software provider, Proforecast, that enables you to bring in data from AccountsIQ to monitor and analyse variations and run multiple ‘what if’ scenario plans.
Many private equity finance teams are doing huge amounts of manual data processing. They’ll have to revalue every fund in your portfolio each year, taking management fees, overheads and other expenses into account. They’ll also have to handle inter-company transactions, FX, third-party invoices, expenses and multiple, multi-currency bank reconciliations.
This is also a major strain on your attention and resources. We estimate that at least 90% of these manual SPV accounting tasks can be automated. Here are just a few examples:
“Everything from the VAT to the reporting, has been really quick and easy to implement. The accruals and pre-payment functions and bank uploads all work exceptionally well and save a lot of time. It’s fantastic. The whole team uses the expenses app; they like that they can sit in a restaurant and just take a photo of the bill, upload it and it’s done. AccountsIQ is perfect for the high complexity, low transaction nature of Private Equity accounting.”
Jeremy Paul, CFO, Queen’s Park Equity
Read our Queen's Park Equity case study to find why they chose AccountsIQ to monitor and control the inter-company transactions of their FCA-regulated UK advisory entity and service company.
PE firms are fast changing, high growth environments; they’re generally not in business to stand still or operate in ‘business as usual’ mode. Acquisitions, mergers and new investments, capital restructurings, changes in personnel, the use of external consultants and surge resources are just a few examples of the constant changes CFOs can expect as part of daily life. As a result, you – and your team – will be expected to adapt to revised budgets, forecasts, financial models and structures.
Installing a Cloud accounting platform, such as AccountsIQ, where each SPV is set up as a separate entity gives you the flexibility to expand at pace. This structure means you can add new SPVs to your finance system in minutes. You’re able to incorporate them into the everyday day running of your business straightaway; you don’t need to configure anything.
Renewable energy could power the world by 2050. That could save millions of lives from air pollution, reverse the effects of climate change and secure our energy supply. This means that finance managers in the renewables sector face all the challenges and complexities of a surging industry; raising funds, managing growth and maximising the returns of multiple assets.
Renewable energy could power the world by 2050. That could save millions of lives from air pollution, reverse the effects of climate change and secure our energy supply. This means that finance managers in the renewables sector face all the challenges and complexities of a surging industry; raising funds, managing growth and maximising the returns of multiple assets.
AccountsIQ’s award-winning Cloud accounting software has rapidly become the financial management platform of choice for renewable energy companies who need to:
The manual data entry and processes involved in managing multiple SPVs can be huge and gets more complex as the number of SPVs grow. But processes like raising purchase orders, approving invoices, allocating costs to each asset, handling inter-company/SPV recharges are all tasks that can be automated. In fact, we estimate that up to 90% of manual SPV accounting tasks are ripe for automation.
Justin Ampofo, Finance Manager with global renewable energy provider BayWa r.e, estimates that implementing AccountsIQ has freed up over 20% of his finance team’s time. That’s mainly due to automating key processes, such as expenses and approvals. Automation has also enabled them to go paperless, while maintaining full traceability and reduced human input errors.
AccountsIQ also simplifies multi-currency accounting and inter-company recharging. Global geoscience and consultancy group Getech used to manage their Sterling and US dollar accounting in Excel. Now, with AccountsIQ, the exchange rates are held centrally in the system, with all subsidiaries using common exchange rates and the system automatically handles realised and unrealised gains/losses.
Getech’s Financial Controller, Simon Brown explains:
“AccountsIQ’s currency revaluation feature creates an automatic routine in the system which ensures accuracy in the calculations and reporting. The other aspect of our internal process that has greatly improved since we have implemented AccountsIQ is the inter-company invoicing. AccountsIQ keeps track of what we are invoicing internally; when the invoice is received it registers automatically in the subsidiary accounts.”
Although renewable assets are at a fixed location, your staff are not. AccountsIQ is a Cloud financial management system. This means your team can have complete anytime/anywhere access to real-time financial data. They can work from home or any of your sites and you won’t need expensive, high-maintenance servers in each location. Approval of POs and invoices can be via mobile app and all documents relating to accounts or transactions are stored in AccountsIQ accessible at the touch of a button.
Renewable energy businesses are rarely single entity and often cross into multiple jurisdictions. AccountsIQ enables consolidation of multiple entities in multiple currencies in just one-click. This gives renewable energy finance teams full visibility of group-wide results, including their currency exposure, without the need for complex Excel models to consolidate results. Getech’s Financial Controller Simon Brown says:
“AccountsIQ saves me a week’s worth of work every month end.”
Consolidated reporting is an absolute must for any CFO managing multiple SPVs. Going off-system to manipulate data in Excel gets more difficult as the number of SPVs grow. One-click consolidation of actuals and budgets/forecasts, with proper handling of inter-company balances, accurate FX re-evaluations and multi-dimensional reporting in group currency is a major time-saver.
The advantages of controlling renewable assets via SPV are significant but that doesn’t need to come with the disadvantage of having information spread across individual companies. With AccountsIQ, your team can securely view the results of all your SPVs in real-time, on one platform. Finance Directors can see real-time consolidated results in base currency for all SPVs across multiple jurisdictions. Fincovi provides commercial asset management services to clients in the renewable energy industry and according to their CEO, Ray O’ Neill:
“We adopted AccountsIQ’s financial management software because the key to successful commercial asset management is the ability to see KPIs at a glance across the whole portfolio.”
AccountsIQ give you the flexibility to design and build your reports with almost no restrictions on what, when or how you report. When you have less ‘noise’ in your finance system, you get much better visibility of financial performance. This makes it easier for finance directors to monitor performance, assess opportunities and manage risk across a complex portfolio of SPVs and assets.
Renewable energy assets take time and considerable cost to build. Tracking the cost of the asset before it becomes operational is vital. AccountsIQ’s BI structure allows costs to be tracked easily to individual assets. This can be setup in an SPV from day one or transferred to an SPV once it is completed and ready to become operational. In AccountsIQ you can set up any number of new BI codes and SPVs/subsidiaries in minutes with the BI tracking all the way from the build cost to the operational performance.
At AccountsIQ, we take every precaution to protect our customers’ data. That’s why we’re proud to announce we have achieved IS0 27001 certification.
At AccountsIQ, we take every precaution to protect our customers’ data. That’s why we’re proud to announce we have achieved IS0 27001 certification
ISO 27001 is an internationally recognised standard that helps organisations establish and maintain an effective Information Security Management System (ISMS). In other words, it is a way of making sure organisations are managing information security risks and data effectively. Crucially, it also provides reassurance to our customers that AccountsIQ is taking all necessary steps to keep their data safe, secure and accessible.
AccountsIQ’s CTO, Gavin McGahey, says:
“ISO 27001 is the internationally recognised standard for information security and Cloud compliance. To achieve this certification, our systems and policies were rigorously tested against international standards. It proves that we are maintaining the highest level of security and data integrity across the business.”
Arguably the most significant ISO 27001 requirement is the need to continuously monitor, manage and improve security policies and controls. This is to ensure they remain secure in the face of new and evolving technologies. As Gavin McGahey explains:
“ISO 27001 encourages a continual improvement approach to information security risks. It ensures we are proactive rather than reactive, with an emphasis on anticipation and prevention. Regular audits to assess security and identify any areas for further improvement will help us to stay one step ahead of any threats and provide reassurance to existing and potential customers.”
Our ISO 27001 certification is valid for three years, but we will be assessed annually. As Gavin concludes:
“This certification is additional proof of our commitment to protecting our customers’ data. Everyone across the business takes this seriously. We have trained the entire team in our compliance protocols and their specific information security responsibilities.”
Find out more about our Cloud compliance and security policies.
AccountsIQ has an open API strategy that makes integration with other apps easy, giving you a seamless flow of real-time information from one system to another.
Technology keeps advancing, your company keeps growing and the business environment is more volatile than ever. The pressure is on to keep pace. That’s why finance teams are so keen on accounting software integrations.
Integrated accounting software packages enable you to:
After all, no piece of information exists in isolation. Accounting software integrations give you a seamless flow of information from one system to another. This real-time data sharing across the business is one of the best ways to stay competitive.
Before the Cloud, accounting software integrations were tricky and costly. But AccountsIQ’s integrated accounting software makes it straightforward to connect your business systems. This will help you save time, improve processes and create smart real time managements reports.
AccountsIQ has an open API strategy that makes integration with other apps easy. For example, many of our customers benefit from automated bank reconciliations through our partnership with open banking platform, Plaid. Other frequently requested integrations are AP, expense management and OCR technology, such as Kefron, AutoEntry and LightYear and our accounting software also integrates with Salesforce.
Humentum is a leading global non-profit, working with humanitarian and development organisations. They have multiple income and funding streams and needed a finance system that would integrate seamlessly with their other software. They’ve now integrated AccountsIQ with:
“It’s much better than manually sending invoices around the company. In fact, the ability to do all these integrations is one of the things I love about AccountsIQ.”
Jocelyn Boughton, Humentum’s Global Director, Finance & Administration
We offer a full accounting software integrations service that includes customised integrations. If you don’t see the system you want to integrate on our Accounting Software Integration Partners page, just talk to us. For example, rapidly expanding restaurant group, Camile Thai, worked with our Integrations team so they could integrate AccountsIQ with MarketMan (a restaurant inventory management system) to give them granular business intelligence information.
Read our Camile Thai case study.
At AccountsIQ, we don’t see software integrations as a ‘plug and play’ service. We customise the integration to meet your individual needs. And our team of accounting software integration experts are always on hand to help.
Pete McKeown, Systems Integration Consultant at AccountsIQ explains:
“We talk to customers to understand their pain points and spec out what they want. That means we can design and configure the integration for customers’ specific processes and workflows. We strive to make it do exactly what they want it to do.
“For example, recently a customer said they wanted to invoice from Salesforce. Their data wasn’t structured in the optimum way to do this, so we helped them to design a bespoke invoice solution in Salesforce. We also provide a cost/benefit analysis so they can make the business case internally for an integration that will improve their productivity.
“I’ve been implementing finance software for 25 years, and I’m always happy to sit down with customers to work out what’s important for them and suggest ways they can manage it all.”
Pete and his team will often co-ordinate with our Onboarding team to ensure customers have business critical integrations up and running from day 1. However, they also work with customers on an on-going basis. Customers often come back to us post go-live because they want to integrate another system with their AccountsIQ platform.
“The integration and the API are what we’ve been really happy with. We have developers in house who roll their eyes when you talk about the other larger accounting software vendors because they are so cumbersome. Our team found it really easy working with AccountsIQ to get it all up and running. That’s what really sold us.”
Helen MacDonald, Finance Manager at Cyber Security experts, PortSwigger.
Read our PortSwigger case study.
The business world never stands still. As your company grows and your needs become more complex, you’ll probably want to introduce new systems to your tech stack. Our Integrations team will always be on hand to consult and advise on integrating new software, processes and workflows into AccountsIQ.
Request a callback or call us on (0)203 598 7350 to speak to one of our finance system integration experts and to arrange a free consultation.
Download our Guide to System Integration in the Cloud.
Partnering with a venture capitalist (VC) gives scale-ups the funding and expertise they need to grow their infrastructure and move to the next stage of their development. Running out of cash or failing to raise new capital is the #1 reason start-ups fail.
Partnering with a venture capitalist (VC) gives scale-ups the funding and expertise they need to grow their infrastructure and move to the next stage of their development. Such partnerships are a crucial step for many businesses looking to turn an innovative idea into a sustainable company. In fact, according to research from the CBI, running out of cash or failing to raise new capital is the #1 reason start-ups fail.
Potential investors will evaluate your ability to acquire customers, grow revenue, and (ultimately) deliver profits. To help them make those assessments, your finance team will need to provide:
AccountsIQ financial reporting software provides advanced accounting and reporting, on a Cloud platform, to help fast-growing companies in two ways:
At the click of a button, you’ll know your:
To make informed strategic growth decisions, you need the flexibility to slice and dice your financial data. For example, you might need to compare:
You’ll also need sophisticated forecast and scenario planning tools, for example to:
Here’s how an IT consulting firm could use the data in their AccountsIQ platform to gain relevant, real-time insights into their business operations and performance, by answering critical questions, such as:
Learn more about the difference between cloud accounting and traditional accounting methods, and how to choose the best accounting software for you.
Cloud accounting has become a hugely popular way of doing your accounting and managing company finances, but many companies and organisations still use traditional and legacy software. It’s important to understand the differences and relative benefits of each of these if you’re considering upgrading from your existing system to a new cloud accounting software package.
Traditional or desktop accounting software provided a hard-drive based system of entering financial information and records to be stored on a computer. You can download the program to your computer, and use the range of functions it provides from that device, with the data stored in the hard drive.
Cloud accounting software provides a digital platform which carries out both core and more advanced accounting functions. The data is stored in the cloud, and is accessed via the internet, meaning that users can log in on any device and in any location where they have internet access.
There are some key differences which distinguish cloud and traditional or desktop accounting software, including the kinds of security protections they have, the costs they incur, and the level of collaboration between coworkers and stakeholders they allow.
Cloud accounting software is generally paid for at a set monthly rate, the price which will depend on the provider and the package of features you choose. Many cloud accounting platforms provide a cheaper, more basic package, and a premium package with a wider array of features and benefits.
On the other hand, traditional accounting software incurs a different set of costs. It has an initial purchase cost for software and hard drives, as well as for the ongoing maintenance the system will require. While cloud accounting software will normally be updated automatically in order to accommodate changing needs over time, when a traditional desktop accounting software package needs updating, you’ll have to buy the new version of the software.
Cloud accounting software can be accessed from any device with an internet connection, from anywhere in the world. This enables many users to access the system at the same time from different locations. For companies and organisations this can be vital in allowing employees to work remotely, something that is becoming increasingly important, especially following the shifts in working habits which occurred during the pandemic.
With a traditional desktop system, users have to access the system on a particular computer in a particular place. This limits how many people can use the software at one time, and means they have to be in a specific location to do so.
Accounting and financial management systems need to be able to adapt to the needs of a business or organisation over time. Cloud accounting can allow for customisation which accommodates changes in a company’s size and structure. For example, you might choose a cloud accounting system for a medium-sized business because it will allow you to add role-based dashboards, integrate additional applications and add extra storage as your company expands.
Traditional accounting systems have more fixed levels of storage and adapt less readily to the need for more functions. If you want to increase the capabilities of your accounting system, for example to accommodate multi-currency accounting or to enhance its smart reporting function.
One of the benefits of cloud accounting software is how it enables team working and better collaboration with your coworkers. Many users can log in and use the system at the same time from any location, and access custom role-based dashboards which are tailored to their individual job descriptions.
This isn’t as easy using traditional and desktop accounting software, which can only be accessed using the devices which the software is downloaded onto. This puts a strict limit on the number of people who can use a system and where they can use it from, making it harder to work collaboratively.
When dealing with financial information, it’s vital to know that you aren’t taking any unnecessary risks, and cloud accounting providers are increasingly taking these concerns very seriously. As a result, most cloud accounting software packages have high levels of online security and protection which protect against hackers and cybersecurity breaches. These will be regularly reviewed and automatically updated by the provider.
High-tech security solutions are far less common a feature for traditional or desktop accounting software than for cloud accounting. The automatic backup which occurs while you work on the cloud is not replicated on a desktop system, so data is vulnerable to being lost if the computer it is stored on breaks. Traditional and desktop accounting may also be vulnerable to viruses and ransomware, and you need to take any necessary preventative steps yourself.
Deciding which kind of accounting software is right for you means considering the needs of your business, both now and in the future, and weighing up the advantages and disadvantages of both desktop and cloud accounting systems. If you’re currently using desktop accounting software, you’ll want to learn how cloud accounting works to help you decide if you want to make the switch.
AccountsIQ award-winning cloud accounting software is an advanced and versatile software package which is highly customisable, has a huge range of capabilities, and is suitable for many different kinds of companies. Whatever your accounting needs, request a demo today and learn more about how our software can help your business.
Starting a finance role in a new company is an exciting time, full of potential. Make your mark and transform your firm’s finances with these seven action points for all new Finance Directors and Chief Financial Officers.
Starting a finance role in a new company is an exciting time, full of potential. Make your mark and transform your firm’s finances with these seven action points for all new Finance Directors and Chief Financial Officers.
Many businesses waste hours of staff time due to inefficient practices within the organisation. Ask yourself:
If so, your accounting system is no longer fit for purpose; it’s time to think about introducing smarter cloud accounting software capable of completing financial tasks without the need for manual workarounds.
Another common drain on efficiency is the existence of multiple, separate IT systems for different business departments.
Switching to new software can be a painful process in the short term, but the long-term benefits of better integration include improved accuracy, vastly more efficient business systems, and better insight into what’s going on within the business.
If your company is a group with multiple subsidiaries, keeping track of what’s happening between entities can be complicated – but it doesn’t need to be.
Does managing inter- company transactions and recharging costs across multiple entities or subsidiaries involve too much effort? With the right consolidation accounting software, consolidation of transactions between different divisions – even involving multiple currencies – can be handled with ease.
AccountsIQ’s cloud accounting software can help your staff save a weeks’ worth of time a month by consolidating group accounts in a simple, efficient manner.
In many companies, claiming expenses is a drawn-out process because it involves multiple departments. But it doesn’t have to be this way.
With efficient expense management, it’s possible to digitise the entire expenses process, submitting receipts electronically for the attention of a line manager and tagging them to the relevant project or department.
Electronic systems enable businesses to get things done more easily, but many companies have a backlog of paperwork and processes that aren’t yet ‘on the system’.
One of the many advantages of digitisation is that it enables remote working, allowing staff to access documents from the Cloud, wherever they happen to be.
Accurate, up-to-the-minute financial reporting and analysis is vital. It’s important to be able to generate reports that drill down to the finer details, at short notice, whenever required.
Does it take too long to produce meaningful report packs for the board?
If you can answer ‘yes’ to any of these questions, you will need to reform the reporting process, with the support of financial software that can give you the answers you need.
If the worst were to happen, would the company still be able to function? However unlikely the scenario, it’s important to have contingency plans in place to allow the business to survive in the event of a disaster.
If you’re looking for accounting software that can meet your company’s changing needs, discover how AccountsIQ can make your business more efficient.
AccountsIQ's enhanced BI coding structure allows you to tag all your company’s transactions to specific projects, divisions, cost centres, departments, locations or funds.
AccountsIQ's enhanced BI coding structure allows you to tag all your company’s transactions to specific projects, divisions, cost centres, departments, locations or funds. It’s completely flexible, so you can customise up to six dimensions for each BI entity based on your own business needs and get the financial reporting insights you need.
‘Business Intelligence (BI) Code’ is a proprietary AccountsIQ term that describes any business ‘entity’ in your organisation. That entity could be a department, location, activity, asset or project; it’s not restricted to legal entities, such as limited companies. Many accountants may be more familiar seeing ‘BI code’ described as ‘department code’.
Our BI coding and six dimensions structure enable you to gain detailed insight into the financial performance of all the operational elements across your organisation, quickly and easily. By prioritising clear, detailed, and real time analysis, senior managers can make better, faster and more informed decisions.
Key points about BI codes in AccountsIQ’s cloud accounting platform:
We’ve designed our BI coding structure to enable you to analyse your business performance in numerous ways. The analysis you gain goes way beyond the standard, single company-wide Profit and Loss, Sales and Balance Sheet view. You can quickly compare the performance of different:
With AccountsIQ, you can analyse your business performance in many different ways. You can set up specific business entities as “Business Dimensions.” AccountsIQ enables you to set up to six Business Dimensions, such as Locations, Customer Categories, Departments, Products, Activities or Projects. For example, if you set up Location as a Dimension, you can then allocate unique BI codes to all your Locations within that Dimension to identify each one.
Customers use AccountsIQ’s 3-level GL structure and BI layer to produce accurate reporting for detailed, granular analysis.
For example, Tindle Newspaper Group is currently using four dimensions: Entity, Division, Publication and Department. They find it quick and easy to slice, dice and customise reporting across all these dimensions. They can also add new dimensions, such as Property, to monitor and analyse capital spending.
Today’s boards and senior leaders have a thirst for insights that enable them to make good decisions. They want financial reports that provide transparency and act as an early warning system for both business risks and opportunities.
However, too many finance teams still spend too much time on low value-added activities. Often, they struggle to translate raw data into useful, user-friendly reports. But it doesn’t have to be that way.
With AccountsIQ, you can:
What’s the one thing that property management companies and REITs can change about their business to become more efficient? Discover how installing the right property management accounting software can save time, streamline reporting and allow your company to take a more strategic approach to business.
What’s the one thing that property management companies and REITs can change about their business to become more efficient? Discover how installing the right property management accounting software can save time, streamline reporting and allow your company to take a more strategic approach to business.
Property management companies must maintain good relationships with both landlords and tenants. Working on behalf of landlords to manage real estate properties – securing tenants, gathering rent, handling property maintenance and carrying out other property management tasks – they must bring in an income for the landlord and ensure that the property is performing to its full potential.
Real Estate Investment Trusts (REITs) are accountable to their investors, who put money into income-generating properties, such as shopping centres and offices. Using these investments to acquire properties, REITs must then make the right decisions in order to lease properties out to tenants, making a profit on the rents and paying dividends to investors. Like other asset management companies, they must generate an income for their investors, act within the relevant regulations and keep scrupulous records on the performance of all their real estate assets.
Property management companies and REITs have their own specific accounting needs, but finance software isn’t always set up to accommodate these. Routine accounting tasks for property management companies include:
These can all be automated with accounting software that’s tailored to the needs of a property management company or REIT.
Hibernia REIT is an Irish Real Estate Investment Trust specialising in commercial offices. The company has over 30 properties in its portfolio, and is required to provide a range of different finance reports for investors and regulators.
The problem: When it launched in 2013, Hibernia REIT had clear ideas about its accounting needs. For maximum efficiency, the company needed to integrate its accounting software with Landmark, its property management software, and Kefron, its document management package. The group also required an accounting system that could consolidate accounts across its subsidiaries and produce detailed, bespoke reports.
The solution: Integration of AccountsIQ software with Landmark and Kefron, together with the automation of consolidation, invoice processing and other key tasks, has made the group significantly more efficient. Saving a day every week that would have been spent on data processing, the company can spend its time on data analysis and strategic thinking, with the aid of detailed reports available at its fingertips.
Fast-growing property management group, G2M, has chosen AccountsIQ as their new finance system. G2M’s CFO, Pedro Dalton, outlines how, with AccountsIQ, they’re finding it easy to automate key processes, integrate their tech stack and deliver vital business intelligence.
As a high-growth business, G2M also identified the need for comprehensive, granular business intelligence they can rely on, to inform their strategy and decision-making.
“We need to extract key financial information on a property-by-property basis and combine it with data from other departments and teams. AccountsIQ’s open API structure enables us to integrate other apps, and even our own proprietary software, to deliver the tailored financial information the business needs.”
“AccountsIQ has helped transform our finance function in the short term through its simplicity and ease of use. In the longer term, its ability to operate as part of our wider software solutions will be key to the G2M growth story.”
Find out more about AccountsIQ’s Property Management Accounting Software.
Special Purpose Vehicles (SPVs) – sometimes known as a Special Purpose Entities (SPEs) – are subsidiaries created by a parent company. They are separate legal entities with their own assets, liabilities and accounting and audit requirements.
Special Purpose Vehicles (SPVs) – sometimes known as a Special Purpose Entities (SPEs) – are subsidiaries created by a parent company. They are separate legal entities with their own assets, liabilities and accounting and audit requirements.
They’re often referred to as “bankruptcy-remote entities”. That’s because the entity is formed to develop, own and operate a special business, project or asset while isolating financial risk and minimizing bankruptcy risk. So, if the activity of the SPV goes south it will not bring down the group into bankruptcy.
There are many commercial reasons for establishing an SPV, including:
In the past, the flexibility of SPVs has meant they were vulnerable to misuse. There were some particularly infamous cases around the time of the financial crisis. However, with effective risk management and appropriate transparency, they can be highly beneficial investment tools. In fact, according to PwC:
The responsibility for building the capability to assess, monitor and report on risk factors generally falls to the finance team. And, with a complex SPV structure, that’s a major accounting headache.
1. Automating up to 90% of manual SPV accounting tasks
Let’s take a private equity firm as an example. Each fund you manage could be an SPV, or a series of funds could be managed in a single SPV. Each year, the finance team has to revalue every fund, taking into account management fees, overheads and other expenses. In addition, throughout the year, they have to handle currency recharges and allocate spend against each fund or series of funds.
The manual data entry involved can be huge. Even simply capturing the invoice data from third-party suppliers can be a time-consuming headache, when those invoices are scattered across various email inboxes. There’s also the added complication of co-ordinating multiple bank accounts.
These tasks are ripe for automation. A SaaS accounting platform with OCR (Optical Character Recognition) technology can digitise invoice processing, automate a tiered approval system and store all the data securely on one central platform, with full banking integration for auto-reconciliation. We’d estimate that around 90% (at least!) of manual day-to-day SPV accounting tasks can be fully automated.
Here’s what Rob Shaw, CFO of Apera Asset Management (an AccountsIQ customer) has to say about automating day-to-day accounting tasks:
Everyone can photograph, upload and record their own expenses, which feed directly into the accounting system, everything is electronic and it is zero paper. It is much easier for me to review from anywhere and, although I still want to manually review line-by-line, the admin-heavy part of the process is automated, making it easier for everyone.”
2. Consolidating reporting across multiple SPVs
Consolidated reporting is an absolute must for any CFO managing multiple SPVs. If you’re having to go off-system to manipulate data in Excel it could be taking up to a week of your time every month. One-click consolidation alongside quick and accurate FX re-evaluations, multi-dimensional reporting, inter-company management, budgeting and forecasting is a major time-saver.
With AccountsIQ, your finance teams can securely view the accounts of all your SPVs (including calculating minority interests) in real-time, on one platform. Finance Directors can consolidate reporting for all SPVs in real-time and in multiple currencies across multiple jurisdictions. It’s also specifically designed to meet the accounting needs of many businesses from start-up to maturity, enabling quick and easy set-up of new SPVs or other entities in just a few minutes.
Previously, Apera’s group consolidation was done in spreadsheets: data was exported from various systems and in different currencies, then brought together in Excel. AccountsIQ’s consolidation software means there is no fiddling around in spreadsheets trying to get things to tie. Working in Excel was not sustainable; before AccountsIQ, we had instances where we were struggling to get these reports right, sometimes until 2 a.m.”
Rob Shaw, CFO of Apera Asset Management
Watch our video for a 2-minute overview of how consolidated accounting software can help CFOs and their teams save time
3. Creating extensive and accurate Business Intelligence reports to enable confident, informed decisions
Finance Directors also need to deliver timely and accurate financial reports to the Board and other stakeholders. These could take the form of a management pack, dashboard reports or PowerBI reports. To feel confident that you’re reporting ‘one version of the truth’ across your portfolio of SPVs, we recommend you ensure your accounting software includes:
When you have less ‘noise’ in your finance system, you get much better visibility of financial performance. This makes it easier for CFOs of complex, multi-SPVs to monitor, assess and manage risk across their portfolio. Richer reporting also clears the way for better informed and faster decision-making.”
Darren Cran COO, AccountsIQ
AccountsIQ’s financial management software for mid-market businesses has developed AIQ Academy, a new e-learning resource, to make it easier for users to access “just-in-time” training on how to use the product for both new and existing users.
AccountsIQ’s financial management software for mid-market businesses has developed AIQ Academy, a new e-learning resource, to make it easier for users to access “just-in-time” training on how to use the product for both new and existing users.
AccountsIQ has invested in AIQ Academy at a time when our customer base is rapidly expanding and in need of access to digital training. The number of users needing to be trained has increased exponentially in the last 3 years. With an ever-increasing number of software and integration partners, and a significant increase in the number of new customers adopting AccountsIQ Financial Management Software, it is a great time to provide a comprehensive e-learning platform that users can access on-demand.
Darren Cran, Chief Operating Officer, AccountsIQ explains,
With AIQ Academy we are able to deliver extensive expert user training from a single online platform. This means our users can access e-learning that is concise and at a time convenient to them. AIQ Academy will enable us to fast-track training and will make a big difference to the speed of onboarding new customers.”
Covid-19 aside, on-site and webinar-based training remains hugely valuable and popular, and our e-learning platform is a great addition, providing users with the ability to self-serve and carry out their training as and when they wish.
Darren adds,
With AIQ Academy we provide role-based learning pathways; essentially training designed specifically for each user’s needs. The courses are function-specific and enable everyone to access meaningful training based on their job function, from bookkeeper to finance director. It also allows very focused training modules for more complex areas of the system like Consolidation, FX and Inter-Company while also providing quick learning paths for the Lite users of approval workflow or expense capture for company-wide roll out. You can even get a report of users that have accessed and completed training.”
AccountsIQ assigns the learning paths based on the job role, providing the necessary training at each level. Progress and certification levels can be tracked, meaning both AccountsIQ and the customers themselves can see the knowledge and understanding of the product gained by their users.
With over 100 video-based training courses, AIQ Academy has been a labour of love, with the main overarching aim of improving customers’ skill levels and maximising the adoption of new features within our customer base.
It’s important to us that customers can use the functionality they’ve purchased, hence why driving product understanding and adoption is vital.” Darren adds.
AIQ Academy is powered by LearnUpon’s LMS platform. AccountsIQ has partnered with LearnUpon as they are a leading e-learning company widely used in the SaaS industry and by numerous fintech clients.
AccountsIQ, a leader in Financial Management Software (FMS) for mid-market SMEs with multiple subsidiaries, branches and locations, today announced it has secured a €5.8M investment from UK- and-Netherlands-based venture capital firm, Finch Capital.
19.2.21 Dublin and London – AccountsIQ, a leader in Financial Management Software (FMS) for mid-market SMEs with multiple subsidiaries, branches and locations, today announced it has secured a €5.8M investment from UK- and-Netherlands-based venture capital firm, Finch Capital.
Developed by a founding team of chartered accountants with over 100 years’ combined experience in implementing finance systems, AccountsIQ addresses problems faced by businesses operating across multiple different locations, currencies and jurisdictions. Medium-sized businesses growing through franchising or multinational subsidiaries can use the cloud-based AI-driven FMS to streamline and automate the capture, process and reporting of their financial performance across all business units.
Rob Shaw, CFO of Apera Asset Management moved from Xero to AccountsIQ in 2018, when the company was growing and its existing accounting software was not scalable:
I was looking for a Xero equivalent but more turbo-charged in its ability to consolidate across seven entities, handle foreign exchange and group accounting and reporting across multiple jurisdictions. AccountsIQ ticked more boxes than other systems designed for businesses like ours.”
AccountsIQ saves time and money for businesses and partners spanning industries from financial services to renewable energy, hospitality and not-for-profit, who need to consolidate their global results.
The combination of Brexit and Covid has led businesses to reconsider their regional presence. Previously, businesses looking to expand or franchise internationally would have to implement complex and expensive systems to manage these operations. Now they can do it all with a cloud-based, scalable and affordable FMS solution” said Tony Connolly, AccountsIQ CEO and founder.
“We built AccountsIQ as a cloud solution to make it easy for individual entities to manage local finances while providing instant group-wide control and analysis of results.”
“In the Cloud accounting software market for professional services, the systems are either too low in functionality or too complex and costly to maintain”, said Tony Price, partner at PwC UK, which adopted AccountsIQ to deliver its MyFinancePartner service in 2014. “Our challenge is to provide a consistent service to small but growing businesses dispersed across the UK and around the world. AccountsIQ’s solution uniquely gives businesses a secure and robust accounting solution to support growth and expansion.”
AccountsIQ’s full-featured FMS is unique in providing Business Intelligence to give “one version of the truth” to multi-entity businesses: it handles complexities such as sub-groups, multiple currencies revaluations, inter-company transactions and minority interests. It also uses artificial intelligence and an open API strategy to automatically synchronise bank accounts, generate electronic payments, auto-post electronic invoices and integrate front-end systems with easy approval workflow and expense capture via smartphone.
Aman Ghei, partner at Finch Capital, comments:
In today’s dispersed world, AccountsIQ’s focus on serving businesses growing locally and internationally, has never been more relevant. As investors in companies that are shaping the future of finance we are excited to back this established executive team and award-winning product. We look forward to supporting AccountsIQ through its ambitious plans for rapid growth and expansion.”
Watch our on demand Webinar on Multicompany Accounting, Consolidation and Reporting
Launched in 2008 in Dublin, AccountsIQ’s award-winning cloud-based FMS simplifies how multi-entity businesses capture, process and report their results. It provides anytime-anywhere access to dynamic businesses, growing via subsidiaries, branches, SPVs or through a franchise model. Its unique architecture allows it to consolidate thousands of entities in a group. Its open API allows integration with 3rd party software and its already integrated with TransferMate Global Payments, BrightPay, Kefron AP, Chaser, Concur, Salesforce and ISAMs.
Today, AccountsIQ is used by 4,000 businesses across 85 countries. Blue chip partners and customers across a range of sectors enjoy worldwide 24/7 access to top level FMS functionality and smartphone apps, delivering comprehensive consolidated results and a superior level of business insight. AccountsIQ was awarded Enterprise Accounting Software of the Year 2019 and 2018, was a finalist in 2020 and has been ranked in the top half of the Deloitte’s Technology Fast 50 high growth index for the past 6 years.
Founded in 2013, Finch Capital is a series A/B investor in high-growth financial technologies companies run by exceptional entrepreneurs. Our mission is to fund and support the best entrepreneurs creating products that will shape the future of finance. We have a track-record of backing future industry champions including Aylien, BUX, Brickblock, Brytlyt, Fixico, Fouthline, Goodlord, Grab, Hiber, Twisto and Trussle. Finch Capital consists of a team of 12 investment professionals with wide entrepreneurial experience (e.g. Adyen, Deliveroo, Deepmind), prior investment experience (e.g. Accel, Atomico, Egeria) and industry backgrounds (e.g. Facebook, Google and McKinsey), located across offices in Amsterdam, London and Jakarta. Finch Capital is an active producer of original research on the State of European Fintech and the Fintech sector post Covid-19. For more information visit Finch Capital.
A new finance system implementation project is a big project, but it can be a smooth one, with our hints and tips, gained from supporting hundreds of clients’ move on to AccountsIQ.
A new finance system implementation project is a big project, but it can be a smooth one, with our hints and tips, gained from supporting hundreds of clients’ move on to AccountsIQ.
Our Customer Success and Accounting Software Implementation teams have a wealth of experience between them. Many are trained bookkeepers and accountants and some staff previously worked client-side, using a wide variety of accounting software and our product, before joining AccountsIQ. They have first-hand experience of the challenges of new finance system implementation.
We cover these questions in the Webinar below including:
Get in touch if we can help you with your new finance system implementation
If you are yet to decide whether to move finance software, read our tops tips to consider before changing accounting systems.
The coronavirus pandemic has presented unique challenges for finance leaders. Learn how the right tools can aid digital finance transformation.
The coronavirus pandemic has presented some unique challenges for finance managers to deal with. When the organisation’s survival is at stake, effective finance systems come into their own. The right tools can make a big difference in how finance directors and their teams respond to these challenging times.
If outdated accounting software has put pressure on your finance team and reduced their ability to react to the unexpected challenges of COVID-19, then now is the time to invest in digital finance transformation. Here are three main elements to look out for when upgrading your finance function:
Working in the cloud provides a greater overview of your finance function, keeping you connected with your data and improving collaboration. On-premise solutions can take up a huge amount of time and effort, so it’s important to move to the cloud as early as you can to make processes more efficient, save money and your staff precious time.
Tindle Newspaper group is a prime example highlighting the importance of moving to a cloud solution. The AccountsIQ platform was implemented and operational prior to COVID-19 lockdown in the UK, meaning that the system could facilitate remote-working and the business could continue to operate.
We were lucky to have completed our move to AccountsIQ before COVID-19 and it has meant we can continue operating with minimal disruption. With AccountsIQ, our controls are better, the information is far richer, the system is more robust and reporting is timely. It gives us better information on which to make decisions.” Alastair Manson, Group Finance Director, Tindle.
Read the Tindle case study.
Focusing on automation in areas of your finance function like reporting, consolidation, expense management and accounts reconciliation helps to create efficiencies within the business. These automated processes are key to improving productivity, saving company resources and allow staff to spend more time on value-add tasks like using information for growth strategies and initiatives.
Merchant banking business Salamanca Group enjoy the benefits of automated processes around purchase order approval as well as automated consolidation and reporting thanks to AccountsIQ.
AccountsIQ’s main success for us has been the efficiency it has brought to the business. The product is a good fit for our pretty complex accounting requirements and AccountsIQ gives us real value for money. We are looking forward to finding even more ways to use the system to improve the way in which we work.” Lee Camp, Group Finance Director, Salamanca Group.
Read the Salamanca Group case study.
Irish real estate company Hibernia REIT relies on AccountsIQ’s Cloud accounting platform for simplifying complex consolidation procedures; integrating information from Hibernia’s property management system Landmark; and providing insightful management reports using dashboards.
AccountsIQ saves us a day a week in processing time in data entry from other business systems, bank reconciliation, and automated invoice processing. This allows us to spend more time on the more “value-add” aspects of the Finance function, analysing and presenting information on which the senior management team can make more informed decisions.” Financial Controller Nick Treanor
Read the Hibernia REIT case study.
The ideal accounting system is flexible enough to change with your needs and grow with your business. It’s increasingly important to invest in accounting software that will support your business now and well into the future. When thinking about the future, you need to consider new business opportunities, potential additional locations or sites, as well as new integration possibilities and new reports. If you’re planning to expand overseas, you’ll need accounting software that can operate in multiple jurisdictions and handle multi-currency transactions. And if you want to add numerous subsidiaries, your accounting software will need to handle consolidation with ease.
AccountsIQ has a very flexible GL at its core, and a full range of modules, meaning you can future-proof your business knowing that there’s a wide range of functionality you can add on whenever you need it. StitcherAds, a Facebook and Instagram marketing partner, found AccountsIQ to be the ideal long-term solution for their ambitious growth plans.
StitcherAds has ambitious growth plans and we need to be able to slot in new entities easily. I compared three systems and AccountsIQ proved the best solution to meet our needs now and in the future.” Fiona McKenna, Interim CFO, StitcherAds.
Read the StitcherAds case study.
Now, more than ever, more efficient ways of working are key. The impact of COVID-19 will continue to be felt for months to come, so it’s important to rethink processes and invest in finance digital transformation to enable your business to respond to challenges in the best way possible.
To help digitally transform your finance function, take a look at AccountsIQ. With powerful reporting, consolidation and easy integration accounting features, AccountsIQ’s award-winning financial management software will help make your business more efficient.
Book a 1:1 demo or get a quote or see an online demo in one of our webinars.
Managing multiple currencies can be trickier than you think. AccountsIQ simplifies multi-currency accounting with powerful features that can handle even the most complex situations.
Managing multiple currencies can be trickier than you think. AccountsIQ simplifies multi-currency accounting with powerful features that can handle even the most complex situations.
With AccountsIQ, you choose your company’s base currency, then all of your supplier and customer accounts can be set up in any global currency. You can then settle those accounts receivable or accounts payable invoices against any of your global currency bank accounts that are registered in AccountsIQ. Even if you’re a Sterling company, with a Euro customer, settling a value in U.S. Dollars, our multi currency accounting software has automated, time-saving features that can handle it.
AccountsIQ includes powerful reporting routines that accurately reflect the impact of multi-currency trading and selling. Our built-in, month-end report revaluates your working capital in foreign currency and reports back on your realised and unrealised gains. AccountsIQ also handles multi currency consolidation with ease. P&L accounts are correctly translated using average period rates and Balance Sheet accounts at period end rates.
AccountsIQ integrates with TransferMate Global Payments to streamline FX payments. Benefit from preferential exchange rates and lower fees plus huge time savings for your finance team. You can manage multi-currency payments in a single batch; AccountsIQ processes and updates the payments using the actual the FX settlement rate automatically via the API.
If you are a business with multiple entities in different base currencies, AccountsIQ can help you manage intercompany transactions by ensuring accurate reporting at the group level. Powerful tools enable revaluation of foreign currencies without the risk of a misbalance at the end of the month. You can also use the automated FX settlement for intercompany transactions.
Find out more about using accounting software in multiple locations by reading our CEO’s blog about overcoming international accounting challenges. Learn more about AccountsIQ multi currency cloud-based accounting software. Get your free trial and demo.
If you’re planning an accounting software upgrade, it’s important to make the best choice for your company. Discover and choose the right cloud accounting software for your needs.
If you’re planning an accounting software upgrade, it’s important to make the best choice for your company. Discover and choose the right cloud accounting software for your needs.
In the old days, your accounting software would be installed on a computer in your office — and that’s where it would stay. You’d have to log in to that machine to use it and install updates regularly. If you couldn’t make it to the office, you’d be unable to access your accounts. These days, the best accounting software is located in the cloud, on a remote server. You can log in and access it wherever you are, and it’s updated automatically.
Our cloud accounting software has been designed with growth, scalability, and efficiency in mind. We excel in providing your business with all of the accounting features that you will need as your organisation grows. These include budgeting, auditing, cash flow forecasting, group consolidation and more.
Suitable for: Mid-market, enterprise, and multi-entity organisations
Suitable for small and some medium businesses with lots of opportunities for customisation, including integration with desktop software, creating a hybrid hard drive and cloud-based solution.
Suitable for: Single entity organisations
Xero allows you to efficiently import data, manage fixed assets and track your sales and purchase transactions. It has made improvements to many aspects of its service, though it still has limits around reporting, and expense tracking functions.
Suitable for: Freelancers and Start-ups
This software is usable, flexible and effective, and this is reflected in its more costly price tag. It provides great customisable report functions, but its auto-categorization can lack accuracy.
Suitable for: Freelancers and Start-ups
Like Sage 50, this software allows for integration with desktop systems, including Microsoft Office. However, it is very difficult to set up and can be challenging to use.
Suitable for: Organisations only requiring hybrid accounting environments
If you want to know what to look for when shopping for cloud accounting software, or how to tell whether your current system is up to scratch, take a glance at this checklist. If your software can do everything on this list, you’re probably getting a good deal. If it’s not checking the boxes, you might want to look elsewhere.
When your accounting software is in the cloud, you can log in from any device, wherever you are, as long as you have an internet connection. It’s great for working from home or the office.
With cloud accounting, you don’t need to worry about protecting or updating your software – it’s all done for you, so you can get on with what’s important.
A cloud-based system is always live, so no matter when you log in, you’ll always get access to the latest financial figures. If you’ve integrated it with your CRM, booking system or banking app, they’ll all link together for up-to-the-minute real-time reports.
In the cloud, it’s easy to connect with others. Multiple colleagues can all log into your accounting system and see live updates and you can approve invoices, POs and expenses via our mobile app whilst travelling too. You can integrate your accounting software with other cloud-based systems, like your banking software or CRM to create even more efficiencies.
Subscribing to a software-as-a-service (SaaS) solution rather than buying your own package works out cheaper in the long run, and IT hosting and support is all included in the package.
What makes a good cloud accounting solution? Here are some of the key things to look out for, when you’re considering suppliers.
Can it consolidate accounts from multiple entities and in different currencies, without the need for fiddly workarounds? Will you need to design your working processes around the software, or will it work for you? Will it save you time and effort?
Is your chosen accounting software flexible enough to grow with your requirements, where it is easy to add additional entities and extra modules as and when you need them? Can it integrate with other best-of-breed cloud apps to give you the efficiencies your business needs? This is really important if you plan to grow your company in the next 5 years.
How quick is it to get going? Will you get full support during implementation?
Is it good value for money? Will your accounting system save you time and money by automating routine tasks? Will you benefit from free customer support?
Named Mid-Market and Enterprise Accounting Software of the Year twice in the last 3 years, AccountsIQ is the best cloud accounting software for growing businesses. The voting for the Accounting Excellence Awards is done by actual users of the product, and the win reflects the satisfaction of our client base with an accounting product that’s designed for their needs.
AccountsIQ’s award-winning accounting software simplifies how finance functions capture, process and report the results of multiple location businesses.
Built for the cloud, AccountsIQ is ideal for dynamic businesses that are growing locally or internationally, via subsidiaries, acquisition or through a franchising model, while allowing easy central control and consolidated reporting of results. The unique consolidation engine, along with its ability to integrate with other applications, makes it easy to scale.
You can easily manage your multi-company accounting and handle full group consolidation for Groups and Entities with reports generated in one click.
A suite of 250 reports and dashboards with editable parameters and extended department analysis (up to 6 dimensions e.g. dept, sector, project etc) that gives you the exact insight you need across your business. And graphic visualisations provide an instant snapshot of real-time figures.
A powerful, flexible 3-level General Ledger, feature-rich Journal Manager, Accounts Receivable and Accounts Payable and additional modules such as workflow approval, an expense and workflow approval mobile app, and an integrated fixed asset register.
AccountsIQ is simple to use with customisable tools, a transaction browser for drill-down to transaction level, and full user profiling and audit trail.
Our software is a good fit for a range of growing companies, of different sizes and sectors. AccountsIQ's cloud accounting systems can benefit businesses of all sizes and can radically impact the way your business works.
Read more about the key features of AccountsIQ’s cloud-based accounting software and contact us to request a demo.
Multi entity groups and conglomerates have complex multi-entity accounting needs. Often operating across different continents and trading in different currencies they need accounting systems that can handle consolidation, fluctuating exchange rates and other complex tasks with ease.
Multi-entity groups and conglomerates have complex multi-entity accounting needs. Often operating across different continents and trading in different currencies they need accounting systems that can handle consolidation, fluctuating exchange rates and other complex tasks with ease.
A multi-entity organisation (sometimes called a group company) is a collection of separate corporations that operate as one single economic entity. They usually consist of a parent company and subsidiary companies, sometimes on multiple levels (groups within groups). Because multi-entity organisations operate as one body, they must produce consolidated group accounts, while also keeping track of individual subsidiaries’ financial performance.
Multi-entity accounting involves a wealth of data gathered from many different sources. Bringing all of this together (consolidating accounts) can be a difficult job, especially if your accounting software is not set up for this purpose. Challenges include:
Because of these multi-entity accounting challenges, creating monthly consolidated accounts can be a time-consuming process, and important financial data across the group may not be instantly available. This may impact on the strategic decisions that conglomerate leaders must make based on the information they have.
Multi-entity accounting software must address these challenges and complexities. I don’t know of any other system that can do consolidation the way AccountsIQ can. It takes a lot of complexity out of everything and that saves us a lot of time. It used to take two weeks to do our accounts; with AccountsIQ and other improvements, we now get our accounts out in five working days,” Wayne Copeland, Head of Finance, AES International. Read AES Case Study.
Getech is a global geoscience and consultancy group operating in the UK and the USA.
The problem: For the growing company, consolidation was a time-consuming and complicated process, which involved importing data from four different software packages.
The solution: By moving to AccountsIQ, the group has streamlined its consolidation process, which now saves a full week of work every month. The system allows the company to create real-time reports at any time, as well as handling multiple currencies with ease.
Fevore Group is an independent group of diverse companies.
The problem: The group was consolidating its accounts manually using Excel spreadsheets – a process that was not only time-consuming, but error-prone.
The solution: AccountsIQ accounting software enabled Fevore Group to automate their consolidation process, saving a significant amount of time and bringing confidence in the accuracy of the reporting. The new accounting system also allows for performance benchmarking across each individual subsidiary business.
For multi-entity organisations, AccountsIQ can save time, improve efficiency and offer detailed financial analytics: get an overview of group performance or drill down for information on individual subsidiaries. Monthly currency revaluations make trading and accounting in multiple currencies simple.
For more information, book a demo to see how AccountsIQ could benefit your multi-entity business.
AccountsIQ has added new VAT functionality to comply with Making Tax Digital. The new functionality allows AccountsIQ users to submit consolidated group VAT returns.
Competing in this modern, technology-driven climate, accountants and accountancy firms must adapt to survive.
Accountancy as a profession has always been subject to change, from the invention of book-keeping to the introduction of calculators and computers. In the past decade, however, the rate of change has accelerated, with a proliferation of new technologies having a significant impact on the sector. Competing in this modern, technology-driven climate, accountants and accountancy firms must adapt to survive.
Accountancy practices supporting medium-to-large sized businesses face a number of challenges. In addition to a technological revolution, political, legal and economic influences are all creating hurdles that accountancy practices will need to overcome.
The onward march of technology is inevitable, and for today’s accountancy practices, sophisticated cloud-based software is required in order to meet the demands of clients. Many accounting firms will face the practical challenge of choosing and implementing new software. They will need to have one eye on the future in order to select the accounting system that will serve them best, and plan carefully in order to project manage the changeover to a new system.
With an ageing population of senior finance professionals fast approaching retirement, accountancy practices urgently need to recruit new talent in order to avoid a skills shortage. They may need to offer more attractive packages to promising new recruits, and provide on-the-job training to help younger employees to develop their skills.
There is currently a huge amount of uncertainty surrounding the tax and other financial implications post-Brexit, and firms can expect the impact on their clients to have a knock-on effect on their own businesses. While some effects of Brexit may be negative, accountancy practices may also see a surge in demand for financial forecasting services and other expert advice.
Day-to-day accounting challenges look very different from even ten or twenty years ago. New technologies have raised client expectations, and with the changing technological and financial landscape, accountants must keep up with new developments in order to compete.
With accounting software becoming increasingly sophisticated, there are a growing number of accountancy tasks that can now be done automatically with cloud accounting software, without the need for input from a human being. To avoid becoming redundant, accountants now need to adapt their role, marketing themselves as expert advisors rather than simply doing the books and producing reports.
With the rise of cloud-based accounting, life will be easier in many ways. It’s vital, however, for accountants to realise their responsibility for keeping financial data secure in the cloud. They will need to reassure clients that their accounts are protected behind a firewall, backed up regularly and that their software is up-to-date with the latest security patches.
We’ve seen that the world of accounting technology is changing. There’s no reason to suspect that this will stop, so accountants cannot afford to rest on their laurels. They must ensure that their skills are kept up-to-date, so that they are equipped to deal with the latest challenges, such as digital tax and VAT returns.
If you’re implementing new accounting software for your company, a bright new future awaits. Cloud-based accounting systems have so many business advantages that you’re bound to reap the benefits when upgrading – as long as you and your staff all understand what the new software can do.
If you’re implementing new accounting software for your company, a bright new future awaits. Cloud-based accounting systems have so many business advantages that you’re bound to reap the benefits when upgrading – as long as you and your staff all understand what the new software can do.
Education is a fundamental part of any software changeover; here we’ll explain why moving to the cloud requires a comprehensive programme of education and staff training.
Today’s technology is so powerful that we don’t always use it to its full potential. Software vendors often observe the 80/20 rule: commonly, 80% of clients will only make use of 20% of their system’s capabilities. That’s a lot of processing power that’s going to waste. There’s no point in going through the effort and disruption of a software changeover if employees revert to habit and continue to use the complex workarounds that they were used to with the old system – so training is vital if you’re going to get the best out of your upgrade.
AccountsIQ not only provide a revolutionary cloud-based accounting system, but also the training, implementation and customer support to go with it.
In general, people don’t take kindly to change. The longer we’ve been accustomed to our own way of doing things – even if it’s slow, frustrating and inefficient – the more resistant we are to anything that disrupts us from our comfort zone.
So, the importance of education during the changeover can’t be overstated; people need insight into the personal advantages and benefits that a change in their role or habits will bring.
Staff education is an ongoing process that can begin as soon as you decide to upgrade your system. Accounting software training is a more hands-on activity that involves learning how to carry out specific tasks.
Here are some tips on educating your employees about moving to the cloud:
Everyone in the company needs to understand the importance of training and make time for it in their schedules. Software changeovers involve significant changes in everyone’s working day, and employees need to feel confident and happy with the adjustments to their role.
If you’re needing advice on accounting system changeover, contact one of our experts for more information on 0203 598 7350 or to get an overview of the sophisticated functionality within AccountsIQ, Request a Demo.
Evaluating business performance doesn’t need to be a complicated process, but it should be regular: these 6 steps cover all the bases.
Success in business isn’t usually down to luck. Instead, it requires good strategic decisions, informed by a detailed understanding of your own business performance and the wider market. Evaluating business performance doesn’t need to be a complicated process, but it should be regular: these 6 steps cover all the bases.
Your business goals should keep you focused. Set targets for your business to achieve, then conduct a regular business performance review to ensure that you’re where you want to be.
Areas to focus on include:
The efficiency of your business operations is about the best use of resources: how are you doing what you do, and are you incurring wasteful costs? After all, the key to healthy profits is to reduce your outgoings as well as increasing your income.
Business performance doesn’t just depend on what you do within the company. Competing businesses could seriously affect your bottom line. It’s vital to keep a regular eye on other businesses in your field.
We’ve seen that your business doesn’t exist in a bubble. As well as your competitors, the wider world needs to be considered when evaluating business performance. That could include the local and international economy, the market you’re part of, and technological progress.
Customer satisfaction is an important measure of success, the happier customers are, the more likely they are to return to your products or services. Listening to feedback is also a great way to improve on your current offering, taking these learnings and actioning them. But how do you measure customer satisfaction? Here are some easy ways:
Employees are the backbone of a company and so their happiness and productivity are a core measurement of overall business performance. An effective way to measure employee satisfaction is with performance reviews which provide insight into what employees are doing well, what they need support with and what motivates them. Here are some key questions to ask during performance reviews:
Evaluating business performance allows you to make informed decisions and plan ahead, knowing which areas require extra attention. Assessing performance enables goals to be set and improves overall efficiency, let’s take a look at some of the main benefits:
A proper evaluation of your business can only take place if you have the means to access all the facts and figures with the tools to analyse them. With cloud accounting software from AccountsIQ you can access instant, customised reports on all areas of business performance.
Let’s take a look at the main benefits of cloud-based accounting software, and the difference it could make to your business.
Is your company still using an outdated, troublesome accounting system? Perhaps budgets have dictated you stick with legacy software; or perhaps you simply haven’t been convinced by a move to the cloud. Let’s take a look at the main benefits of cloud-based accounting software, and the difference it could make to your business.
Cloud accounting means using cloud-based software to access your business’s financial records, including data on income, expenses, assets and liabilities. The data is stored remotely in the cloud, rather than on the hard drive of your device. This means that people with a valid log-in can access your business’s books and use functions such as invoicing, quoting and managing bills from any device with an internet connection.
Accounting software is a type of programme that carries out several accounting and bookkeeping tasks including recording day-to-day transactions, storing data and filing invoices. Cloud-based accounting software carries out these tasks but doesn’t have to be installed on one or more computers. Instead, it’s accessed via the internet, with all data stored on the cloud. This is much more secure and accessible than regular accounting software. Cloud-based accounting also allows for more customisation of financial reports, making it popular amongst accountants.
Most cloud accounting software platforms offer a subscription-based service, where clients pay monthly for access to the system. It’s normally possible to connect your software to your bank account so you get automatically updated information about your finances. Cloud-based accounting has rapidly become a hugely popular game changer for businesses, allowing them to streamline their internal processes, save time and access their books remotely.
Many companies enjoy using cloud accounting software thanks to its scalability, ease of use and automation. Businesses can benefit from instant financial breakdowns, reduced workloads, ease of paying taxes, accessibility for remote teams and Making Tax Digital (MTD) compliance.
However, the main reason businesses choose cloud accounting software is to ensure sound financial practices. This includes compliance, accuracy and the chance to gauge financial health at a click of a button.
Think of all the predictable, repetitive tasks that are carried out every month by your finance function. Producing reports, generating invoices and converting currencies can all be time-consuming, manual tasks that create challenges for your staff by keeping them bogged down in mundane but essential processes. Because we all make mistakes from time to time, they are also vulnerable to human error.
One of the most immediately noticeable benefits of cloud accounting software is that it can automate these tasks, so your reports are produced effortlessly each month, and your staff can spend their time on more valuable, strategic tasks that bring extra benefits to your business.
Cloud accounting software doesn’t require the same physical presence as a desktop-based system. You won’t require in-house IT support; with AccountsIQ, this will all be available at the end of a phone, saving on staffing costs and floor space. Servers and licences will be a thing of the past and your system will be upgraded automatically, so you won’t have to shell out on new software every time there’s an update. What’s more, it’s possible to access a cloud accounting system from any computer; so if it suits your business, staff can work from home or on the move.
Security is a big concern for every company, and finances are especially sensitive. The benefits of cloud accounting software include specialist security protection, firewalls and encrypted data transmission as standard. Software updates are carried out periodically without you having to do (or pay for) anything extra.
Cloud-based software allows colleagues from across your organisation to work together, wherever they may be. Different permissions can be set for different types of access, so one member of staff can enter data for the accounting department to process, without gaining access to restricted information. Cloud-enabled collaboration will enable you to streamline processes like expense management, speeding up essential tasks for everyone.
Many of the benefits of cloud accounting software involve doing away with old and inefficient ways of working. But cloud accounting also offers untapped possibilities to help you move forward and develop new business intelligence. Cloud software is inherently flexible and is designed to integrate with other cloud-based systems, streamlining your workload company-wide and providing you with instant, up-to-date reports on every aspect of your business. Equipped with the unprecedented knowledge provided by integrating your accounting system with your CRM, for example, you’ll gain new insights into your business that will help you to move into the future.
In summary, there aren’t many disadvantages to adopting cloud accounting software. However, there are certainly aspects that you have to be aware of:
If you are looking to introduce the best Cloud accounting software into your organisation, find out why AccountsIQ could be the best choice for you.
Overview of AccountsIQ Multiple Location Accounting Software
AccountsIQ is a web-based accounting and business solution that has been designed specifically for multi-entity accounting. It is ideally suited for geographically dispersed entities, enabling them to carry out their accounting and business processes via a standard Internet connection. This eliminates the need for expensive IT infrastructure or duplication of effort in re-keying and posting summary information into a common central system.
Some large enterprises are made up of individual subsidiaries, branches or depots that in themselves are small businesses. In many cases, accounting systems targeted at large-scale enterprises are simply overkill for these individual entities. Such systems can involve significant upfront investment and implementation effort, imposing processes that are ill-suited to smaller operations. AccountsIQ provides a full suite of accounting and commercial functionality to suit most small and medium-sized businesses. It has been specifically designed to handle multi-location and multi-entity businesses co-existing on a common -platform, with the ability to control access based on user roles, providing management with anytime-anywhere access to the latest accounting records and documents, facilitating the monitoring of individual entities performance, as well as the overall consolidated position of the group.
Whilst separate databases are maintained for each entity, AccountsIQ has the ability to consolidate all entity information to review group activity and results, allowing benchmarking across the group and the production of extensive consolidated accounts and views. Powerful reporting and business intelligence capabilities enable both financial and non-financial. Key Performance Indicators (KPIs) and graphs to be produced, as well as normal accounting reports at entity level and group level. These are provided through financial management dashboards tailored to the specific reporting requirements of the group and its entities.
For multi-location companies, AccountsIQ multi entity cloud software can save time, improve efficiency and offer detailed financial analytics: get insights into group performance or KPIs on individual subsidiaries. Monthly currency revaluations make trading in multiple currencies simple.
AccountsIQ has added VAT functionality to comply with Making Tax Digital. This functionality allows AccountsIQ users to submit consolidated group VAT returns.
Discover how we help companies with their multi company accounting and the benefits of using AccountsIQ’s accounting software in your multi-location business. Get a free trial and demo.
.svg)
