Not all cloud accounting software was designed for the cloud. Sage 200 has delivered a hybrid experience requiring a desktop installation as well as some limited functionality for the cloud connectivity offered. AccountsIQ is designed for the cloud with all features deployed online to take full advantage of your growing and dispersed workforce. A busy finance team needs to spend time helping a growing workforce. AccountsIQ allows you to achieve your growth plans with capabilities that will free your finance team, wherever they are based.
AccountsIQ offers many features to build an expanded analytical capability both in the GL structure and the complimentary, extended business intelligence (BI) layer. Offering more analysis than your Sage 200 capabilities, so you can truly capture the detail to monitor your organisation's performance. AccountsIQ offers a user defined and amendable 3-level GL structure plus six BI dimensions to give you the complete picture. Your fixed Sage 200 coding structure doesn't offer the space to grow the analytical dimensions as your organisation demands greater visibility.
As you grow you need accounting software that manages the sophisticated requirements of a group of companies. AccountsIQ offers a more comprehensive range of consolidation features than Sage 200's bottom up trial balance aggregation. AccountsIQ also offers full multi-currency consolidation, including allowing different base currencies between subsidiaries and parent entities. AccountsIQ lets you perform inter-company recharging online and consolidate sales and purchase analysis. Throw in centrally managed exchange rates and BI analytical coding at parent company level and these new growing pains for finance teams disappear with AccountsIQ.
In periods of change such rapid growth, you'll find the need to adjust historical records incredibly helpful. With simpler systems like Sage 200 there are limited ways to manage period access. With smarter systems like AccountsIQ, this is simple. It's a transaction-based system with full period management that includes FX revaluation for both month and year end. Significantly, AccountsIQ lets you keep periods and years critical to a prior year open and still allow your finance function to move forward to your new reporting year.