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Multi-company accounting software
Multi-company accounting can present monthly consolidation challenges for many finance teams who rely on spreadsheets to collate subsidiary accounts. AccountsIQ's multi-company accounting software reduces errors and provides real time information with drill-down capability to subsidiary level. It also blends your GL coding with detailed BI analysis to give you all the insights you need to make better decisions.
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Modern accountingReal-time cloud accounting designed for groups without compromise.
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Group reportingStay on top of subsidiary activities with drill down to each entity from consolidated reports.
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Role-based dashboardsShare information with key stakeholders using real-time charts and visualisations.
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Integrated reports250+ reports let you focus on advising colleagues as we've done the heavy lifting for you.
Reduce complexity, increase confidence
The intricacies of group finance means significant effort translating multiple sets of subsidiary accounts into a common consolidated view. The cost of sophisticated, enterprise-grade solutions steers many SMEs to spreadsheets to collate data and perform complex aggregations, transformations and calculations. AccountsIQ sweeps away the need to rely on error-prone and difficult to audit spreadsheets with automated accounting software right across your group.
Manage differences without losing oversight
Control of subsidiary activity is a challenge, with diverse entities operating in different jurisdictions with local statutory obligations and group governance rules to navigate. AccountsIQ lets you maintain disparate local GL codes that map to common group-wide GL categories and sub-categories. Performance reporting at subsidiary branch, division or department level can also be consolidated, giving you monitoring insight into subsidiary activities.
Grow confidently anywhere and focus on your business priorities
Growing organisations making acquisitions or setting up new operations overseas introduces many new accounting challenges, including multi-currency. AccountsIQ allows maintenance of exchange rates centrally, so you can monitor exposure to currency fluctuations and remotely update period and spot rates. 1-click consolidation converts local base currencies to group-level base currency, so you can focus on the accounting not the arithmetic.
Trusted by these group companies
Save time, achieve more
So much of your time is likely spent organising the collation, evaluation, correction and normalisation of subsidiary accounting records. Once you've configured AccountsIQ you'll have a single click to bring all subsidiary data into your consolidated entity. If you have groups within groups, one click for each of those is all it takes. Join other AccountsIQ customers who are saving days every month on their consolidated accounts production and spend more time on higher value strategic tasks for the business.
Giving your company the edge
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1-click consolidation
Once configured, AccountsIQ simply requires a single click to perform the consolidation for each parent group within your structure. -
Consolidated actual vs budget
Consolidate actuals and corresponding budgets in base currency from each subsidiary. For both GL structure and the BI performance layer. -
Multi-currency month-end revaluations
Simplify the revaluation of foreign currency bank, debtor and creditor accounts at subsidiary level based on centrally maintained exchange rates. -
Intercompany re-charges
Raise intercompany Sales Invoices that automatically create Purchase Invoices in the receiving company for approval. -
Centrally control key settings
Central Currency Management enables you to maintain all exchange rates group-wide. Similarly manage the BI elements and dimensions for consistent performance comparisons. -
Sales & Purchase analysis group-wide
Consolidated Sales & Purchase Analysis facilitates group-wide reporting and benchmarking where common products/services are involved. -
Groups within groups
Handles sub-groups where the consolidated entity itself is a subsidiary of a larger group consolidation in a complex organisational corporate structure. -
Complex ownership
Consolidation can recognise Minority Interests where the ownership is less than 100% and create the relevant postings into the consolidation entity. -
Consolidation adjustments
Make adjustments at group level to eliminate inter-company profits etc. without affecting the subsidiary figures.
Top 5 benefits of adopting AccountsIQ to manage your multi-company accounting
Save time
Time savings
Save significant time and produce consolidated group accounts faster than before. Our day-to-day accounting automation and rules-based consolidation configuration will shave days off your month-end routines.
Reduce group accounting complexity
Reduced complexity
AccountsIQ is designed for organisations to collate the accounting data more easily and accurately. As a result, we have reduced the complexity of group accounting without compromising on the intricacies involved.
Get faster reporting
Faster reporting
When reports and analysis arrive faster at the end of each reporting period on the back of increased automation, confidence steadily grows. Faster, better business decisions can be made with an improved service from the finance team.
One click consolidation
One-click consolidation
Real-time dashboard and KPI updates are available in subsidary entities continuously and updates in consolidated entities once a consolidation run has taken place. By performing 1-click consolidation frequently, throughout the month, you give group insights and real-time visibility with drill-down to the underlying detail.
Reasonably priced
Pricing
AccountsIQ is designed for mid-sized and growing entities and is priced to reflect this target market. For a single, low monthly-fee you can access all the key features of our group accounting solution.
Customers see success with AccountsIQ
See all case studies-
Freight Investor Services
AccountsIQ meets the complex global accounting needs of leading global brokerage, Freight Investor Services (FIS). As an innovator in the …Find out more -
Thermatic Technical
Thermatic engineering group opened up a new world of multi-dimensional management reporting with AccountsIQ after Sage 50 couldn’t cope with …Find out more -
The Irish Times Group
The Irish Times group moved away from multi-location, on-premise systems and selected AccountsIQ to get advanced multi-dimensional reporting, and automated …Find out more -
Apera Asset Management
Apera Asset Management chose to move from Xero to AccountsIQ when consolidation became too cumbersome.Find out more
Accurate, consolidated multi company reporting in real time
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Multi-company accounting software FAQs
How does our multi-company accounting software work?
Multi-company accounting
Using AccountsIQ, you set up each entity within your group in a separate database and roll up reporting to the parent company. You can view your entire company accounts on a single platform and get real-time reports that enable you to see how each brand, branch or subsidiary is performing with a single click.
Overcoming the challenges of group accounting
What to consider when choosing a multi-company accounting software?
Multi-currency accounting
If you are operating in multiple jurisdictions or handle multiple currencies, you will need to look out for an accounting software with international accounting capabilities, including capacity for complex multi-currency transactions. AccountsIQ has the ability to consolidate data from multiple foreign subsidiaries and automatically translate it into the base currency of the entity based on the stored exchange rates for the period.
Consolidation across complex organisations
Consolidation
For more complex organisations, including groups of companies and franchises which operate in many different countries, you'll need software which can cater to a more complex range of needs and can consolidate all your group data in one platform. AccountsIQ is widely used by companies with complex multi-company accounting operations, as well as smaller investment management companies who wish to capture costs and analyse performance by investment fund.
Reporting capabilities
Reporting
AccountsIQ provides a wide range of reporting options which enable you to make faster and more informed decisions for your complex organisation or multi-company group.
Reporting options
Who can benefit from multi-company accounting software?
Benefits
Your organisation may benefit from multi-company accounting software if it is involved in:
International operations: For companies which have foreign subsidiaries, the ability to manage your business all from one platform is extremely valuable.
Multi-currency accounting: If your company conducts transactions in multiple currencies, AccountsIQ software allows you to consolidate financial records in different currencies into a single record with a single base currency.
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