From Xero to AIQ
Have you outgrown Xero because you need better visibility of your entire business and have substantially larger transaction volumes?
Do you need more than your current software can give you? Unleash your full potential with AccountsIQ – the solution that scales with you as you grow.
Our benefits over Xero
AIQ vs Xero
Here’s how we compare, feature by feature
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Discover our customers’ success
“AccountsIQ does everything we need and it’s an ideal fit for us as the next step up from QuickBooks. With QuickBooks, month-end could almost take the whole month! Now, we do it within five working days. Getting the results out quickly makes a big difference.”
"Running reports in AccountsIQ is quick and we've got the capability to do multi-dimensional reporting, which will be really valuable to us. I'd say it takes about one tenth of the time we're used to in Sage."
"Starter systems like Sage and Xero don’t really meet the needs of a complex business. AccountsIQ is a proper accounting package. It’s Cloud-based, user-friendly and meets all the accounting needs of an international business like IFX.”
FAQs
How does AccountsIQ compare to Xero for growing multi-entity organisations?
For more complex groups, AccountsIQ is positioned as a more scalable option because it combines built-in multi-entity consolidation, up to six analysis dimensions, AP workflow tools, and advanced reporting in one platform. That can reduce the need to stitch together multiple add-ons as requirements become more sophisticated.
Is Xero reporting strong enough for more complex finance teams?
Xero offers standard reporting and lets users export reports to Excel or Google Sheets, which many teams use for deeper analysis. For more advanced reporting, Xero also points users toward reporting apps in its marketplace. AccountsIQ includes over 250 pre-built reports, custom dashboards, and live OData connections for Excel and Power BI.
How many tracking categories does Xero allow?
Xero states that you can have up to four tracking categories in total, but only two can be active at one time. For organisations that want to analyse performance across multiple dimensions such as entity, department, project, fund, region, or cost centre, that can become restrictive.
AccountsIQ supports up to six analysis dimensions, depending on plan.
Does Xero have built-in multi-entity consolidation?
Xero’s ecosystem supports multi-entity workflows, but its own marketplace promotes partner apps for consolidation and intercompany management, indicating that many group functions are handled outside the core platform. AccountsIQ includes one-click group consolidation with intercompany handling and multi-currency support as part of the core system.
What are the key differences in reporting capabilities between Xero and AccountsIQ?
AccountsIQ is designed for deeper management reporting, using a 3-level GL plus up to 6BI analysis dimensions to tag and report by things like entity, project, department, site, fund, region, brand, etc. It includes 250+ built-in reports with drill-down, consolidated group reporting, dashboards, and live Excel/Power BI connectivity (OData) so KPI reporting can refresh from live data rather than manual exports.
How do multi-currency reporting and consolidation compare between Xero and AccountsIQ?
Xero can work well for simpler setups, but AccountsIQ is built for multi-entity group accounting: separate ledgers per entity with one-click consolidation, including multi-currency translation for group reporting. AccountsIQ also supports more complex structures (e.g., groups-within-groups and minority interests) and handles intercompany processes and eliminations in-system—reducing spreadsheet-heavy consolidation.
When do you know it’s time to switch accounting software?
You’ll usually feel it when month-end is getting slower, reporting relies on Excel workarounds, and you’re spending too much time reconciling, rekeying, or chasing approvals. Other common triggers are adding more entities/locations, needing better controls (workflows, audit trail), or needing management reporting by dimensions like project, site, fund, region, or department.
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