62 AccountsIQ Reviews
Overall Review Sentiment for AccountsIQ
Log in to view review sentiment.
We've been using AccountsIQ for several months now, as a daily user it has completely transformed the way we manage our finances. It has given us a lot more functionality than our previous non cloud system.
Implementation was much faster than expected, we were ready to go live in 27 days and the support team has been fantastic, I've dealt with Dave mainly and he has always responsive and genuinely helpful.
The new UI is more modern and intuitive. If you're looking for a cloud-based finance system that is more value for money, I highly recommend AccountsIQ! It has all the key features of core finance system without the massive bill of a an ERP. Review collected by and hosted on G2.com.
It is missing some features of some of the bigger ERP systems, you need to integrate with other services for functions such as payroll or payments because AccountsIQ doesn't offer those services. ?
That being said it does have a good API. Review collected by and hosted on G2.com.
Simple, Easy to use (Fantastic UX/UI), Quick to implement, Great customer service & Incredibly affordable. The flexibility to scale is key for our organisation now and in the future, for us the perfect mix of "fully loaded" finance system with automation for our group, which is currently 7x entities across 3 countries. The expansion via well built API's is a huge bonus here. As we scale, grow and want to build out utilising other soloutions, we are rerady to plug and play.
The granular detail where required for those that want it (example our CFO), brilliant. For me, the customisable dashboards make my role equivalent to (CSO/CRO) super simple. I don’t want all the detail; I want the specifics relevant to my responsibilities for our group.
Reporting on financial and operational metrics to make accurate business decisions historically, has been a pain. Now, I could no be happier. 10/10 Review collected by and hosted on G2.com.
That I didn't revisit it sooner. "AIQ, Multi entity consolidation" was all I knew. There is so much more than this here, I just wish I knew sooner. Review collected by and hosted on G2.com.
Data entry can be done quickly with minimum errors
It automates the tasks like vat calculation, pay calculations, generation of Payslips
Reports can be made easily like profit and loss statements, customer accounts, inventory costs, sales forecast etc Review collected by and hosted on G2.com.
Price is higher than paper based system
Implementation is a bit difficult and requires training
Sometimes faced some glitches that took time to fix Review collected by and hosted on G2.com.
It is very easy to pick up, I was new to it and found it extremely easy to start finding my way around the system, it was easy to run GLs, find creditors and debtors etc. The reports are fairly easy to get used to as well. I like the consolidation function, I find it easy to use as well, and I like the reports.
There are nice little functions as well, such as being able to edit postings whilst leaving an audit trail rather than just reversing and reposting. Another good feature is the intercompany posting function - intercompany invoices appear in the other entity automatically; this helps ensure that invoices are not posted in one entity but not the other.
I like the functionality and I know that I am not making full use of its potential, something I aim to remedy in the near future. Review collected by and hosted on G2.com.
Although I like the intercompany/consolidation aspects, I feel there could be some improvement.
On the consolidation side of things, I think it would be beneficial to be able to drill into balances whilst in the reporting function in the group entity. So, for instance, being able to drill into a P&L or balance sheet code in a report and seeing the breakdown by entity.
It would also be helpful to be able to run debit/credit statements between entities, or rather to be able to run an intercompany matrix at month-end. Quickly seeing the balances owed between entities without having to go into them individually would be very helpful.
Finally, some small things - in the bank rec section, I sometimes would like to be able to export the postings in the bank rec period into excel. Also, when creating a BI code and tagging it to a dimension, it would be very helpful to start typing in the dropdown to find your dimension selection. We have long lists, and having to scroll down is very time-consuming sometimes. Review collected by and hosted on G2.com.
We started using AccountsIQ as they offered the most comprehensive and efficient platform to consolidate a number of our existing nominal ledgers into one simplified database. We are still going through the onboarding process to some degree but the support and guidance provided thus far has been very good. Review collected by and hosted on G2.com.
Nothing particular to note in this regard. Consolidating the various nominal ledgers we have is not a straight forward process and understandably this will take some time. Overall our staff have been complimentary about the platform to date. Review collected by and hosted on G2.com.
ITS USER FRIENDLINESS IS THE BEST PART ABOUT ACCOUNTS IQ. THE EAISER IT IS FOR THE USER THE BETTER IS THE RECOGNITION AND USERABILITY OF THE SOFTWARE IN MY VIEW. Review collected by and hosted on G2.com.
THE LCK OF OPTIONS IS SOMETHING WHICH I HAVE FOUNG MISSING IN ACCOUNTS IQ AS A SOFTWARE ON A HOLISTIC SENSE Review collected by and hosted on G2.com.
Easy to navigate with new windows open for enquiries. Purchasing process works well with invoice ingestion from emails very smooth. Reportingdirectly into excel with direct links very helpful. Review collected by and hosted on G2.com.
No major issues. Still waiting for dual mileage rates (hmrc tax bands) to work in expenses. System reports never quite cover what you need but in built explorers more than make up for this. Review collected by and hosted on G2.com.
Pro's
- Small-mid tier cloud accounting solution, very strong for consolidations of group companies including multi-tier consolidations, ownership percentages and revaluations
- AIQ can be used for many business sectors for example: Finance Services, Academies/Schools, Charities, Property management, Care Homes & Recruitment
- Easy to use and navigate screens and report parameters
- Period end procedure helps to control the close of the three ledgers Sales, Purchase and Nominal
- Outputs to Excel and PowerBI
- Online learning academy or offsite (via reseller) training
If you are looking for a cloud accounting system to help manage larger company groups, schools/academies/charities and/or companies with larger transaction volume than Xero, Sage Cloud and Quickbooks Online then please speak with us here at Finzo Limited. We provide an initial scope free of charge and will report back with an indication of costs and an application landscape including all recommended integrated applications. Review collected by and hosted on G2.com.
Con's:
- Stock module is quite light but we hope that there will be some development in the roadmap to connect to other cloud inventory management solutions
- Very few apps in the AIQ marketplace for Reporting, eCommerce and ePos solutions Review collected by and hosted on G2.com.
The support & onboarding team are very helpful & efficient. No third-party software is required for supplier payments & for the accounts payable inbox. The bank import works well & data feeds are extremely useful. Review collected by and hosted on G2.com.
The data feed functions are a little limited; it would be helpful if the functions could be used dynamically. For example, the aged creditor's detail report is used by us weekly, but I have to open Power Query and edit the function date manually; it would be much better if we could set this dynamically to the current date.
The invoice/statement layouts are not as flexible as other systems.
It would be nice to have an option to see the ageing of debtors/creditors by period instead of by date, we have had a bespoke report built for us, but it would be nice to see this live in the system too. Review collected by and hosted on G2.com.
Easy to use, simpl workflows, easy reporting. Review collected by and hosted on G2.com.
User suggestions are seemed not evaluated thoroughly. This was very appreant as when we send a suggestion through suggestion box under help function, we do get reply back within minutes stating it is not part of the roadmap. Review collected by and hosted on G2.com.
