AccountsIQ Features
What are the features of AccountsIQ?
General Ledger
- Journal Entries
- Tags / Dimensions
- Audit Trail
Accounts Payable
- AP Automation
- Payment Processing
Other Functionality
- Reconciliations
Reporting & Analytics
- Financial Statements
- Custom Reporting
- Dashboards
Platform
- Customization
- Workflow Capability
- User, Role, and Access Management
- Performance and Reliability
- Output Document Generation
Integration
- Data Import and Export Tools
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General Ledger
Journal Entries | As reported in 28 AccountsIQ reviews. Increases user efficiency by auto-populating based on previously entered information. Schedules future entries. Allows Journal Entries to be uploaded from an external source. | 90% (Based on 28 reviews) | |
Tags / Dimensions | Ability to tag all transaction in the general ledger with customizable dimensions, classes, categories, etc. These dimensions should be available on any transaction in any module in the system and available to be reported upon. 26 reviewers of AccountsIQ have provided feedback on this feature. | 88% (Based on 26 reviews) | |
Audit Trail | Automates chronological tracking of transactions that have affected a specific operation, procedure, event or record 27 reviewers of AccountsIQ have provided feedback on this feature. | 86% (Based on 27 reviews) |
Accounts Receivable
Invoice Customization | The layout of the invoice template is fully customizable and you can add or remove fields. | Not enough data | |
AR Automation | Automation helps the user be more efficient by populating default customer data, setting up systematic payments from clients and automatically matching customer receipts to outstanding transactions. This feature was mentioned in 16 AccountsIQ reviews. | 79% (Based on 16 reviews) | |
Collections Automation | The system automates the dunning process to help drive collections 14 reviewers of AccountsIQ have provided feedback on this feature. | 81% (Based on 14 reviews) |
Accounts Payable
AP Automation | Steamlines data entry by auto populating recurring or predefined vendor values This feature was mentioned in 21 AccountsIQ reviews. | 79% (Based on 21 reviews) | |
Payment Processing | Based on 25 AccountsIQ reviews. Ability to manage, track and report on numerous payment types. Customize and automate complex purchase to pay work flow. | 81% (Based on 25 reviews) | |
Purchase Orders | As reported in 16 AccountsIQ reviews. Software supports purchase orders and provides purchasing personnel, management and accounts payable with visibility needed to streamline the procure to pay process | 85% (Based on 16 reviews) |
Other Functionality
Inventory Tracking / Ordering | Real time inventory tracking. Maintains accurate "On Hand" infomation by matching reserved inventory requested on purchase and sales orders. This feature was mentioned in 10 AccountsIQ reviews. | 80% (Based on 10 reviews) | |
Inventory Pricing and Costing | Ability to establish multiple price levels. Update pricing on a per item or global inventory basis. Choice between multiple costing methods such as Average, LIFO, FIFO and Specific Unit. | Not enough data | |
Inventory Reporting | See feature definition | Customizable reporting allows insight into usage of inventory and services. | Not enough data |
Multi-Entity / Consolidation | Based on 20 AccountsIQ reviews. Multi-ledger and multi-tenant architecture. Automated consolidations, inter-entity transactions and eliminations | 87% (Based on 20 reviews) | |
Recognition Rules | Automates recognition of revenue and expenses by defining recognition rules. 19 reviewers of AccountsIQ have provided feedback on this feature. | 80% (Based on 19 reviews) | |
Reconciliations | Transactions are imported from source systems and automated matching reconciles majority of transactions. Includes user flexible, user defined matching and grouping rules to help reduce the time needed to produce accurate reconciliations. 26 reviewers of AccountsIQ have provided feedback on this feature. | 88% (Based on 26 reviews) | |
Payroll | As reported in 12 AccountsIQ reviews. Payroll module or integration to an external payroll provider which automates the recording of payroll | 82% (Based on 12 reviews) | |
Time and Expense | As reported in 16 AccountsIQ reviews. Automated time and expense capture, tracking, approval, reimbursement and reporting | 86% (Based on 16 reviews) |
Reporting & Analytics
Financial Statements | As reported in 26 AccountsIQ reviews. General reporting offered covers all of the standard financial statements and meets the basic needs of the business | 87% (Based on 26 reviews) | |
Custom Reporting | Based on 26 AccountsIQ reviews. Reports created by the user to cater to specific requirements. If you can build it in Excel, you can build it in the custom report writer | 85% (Based on 26 reviews) | |
Budgeting / Forecasting | As reported in 17 AccountsIQ reviews. Create and revise an unlimited number of budget, plan and forecast scenarios. | 77% (Based on 17 reviews) | |
Dashboards | As reported in 24 AccountsIQ reviews. An easy to read, often single page, real-time user interface, showing a graphical presentation of the current status and historical trends of an organization's Key Performance Indicators (KPIs) to enable instantaneous and informed decisions to be made at a glance | 79% (Based on 24 reviews) |
Platform
Customization | As reported in 24 AccountsIQ reviews. Allows administrators to customize to accommodate their unique process. Includes ability to create custom objects, fields, rules, calculations, and views. | 81% (Based on 24 reviews) | |
Workflow Capability | Based on 21 AccountsIQ reviews. Automates a process that requires a series of steps that typically require intervention by several different users. Administrators can write rules to determine who and when a user needs to complete a step. Also includes notification of users when they need to take action. | 83% (Based on 21 reviews) | |
User, Role, and Access Management | Based on 28 AccountsIQ reviews. Grants access to select data, features, objects, etc. based on the users, user role, groups, etc. | 82% (Based on 28 reviews) | |
Internationalization | As reported in 15 AccountsIQ reviews. Enables users to view and transact business with the same content in multiple languages and currencies. | 83% (Based on 15 reviews) | |
Performance and Reliability | Software is consistently available (uptime) and allows users to complete tasks quickly because they are not waiting for the software to respond to an action they took. 28 reviewers of AccountsIQ have provided feedback on this feature. | 84% (Based on 28 reviews) | |
Output Document Generation | Allows administrators to create templates that enable users to quickly generate dynamic documents in various formats based on the data stored in the application.
This feature was mentioned in 24 AccountsIQ reviews. | 85% (Based on 24 reviews) |
Integration
Data Import and Export Tools | Ability to input, modify and extract data from the application in bulk through a structured file. This feature was mentioned in 26 AccountsIQ reviews. | 88% (Based on 26 reviews) | |
Integration APIs | Application Programming Interface - Specification for how the application communicates with other software. API's typically enable integration of data, logic, objects, etc with other software applications. This feature was mentioned in 16 AccountsIQ reviews. | 85% (Based on 16 reviews) | |
Breadth of Partner Applications | Based on 15 AccountsIQ reviews. To what extent are there partner applications readily available for integrating into this product? Partner applications typically provide complementary, best of breed functionality not offered natively in this product. | 78% (Based on 15 reviews) |
Cash Flow
Track Cash Flow | As reported in 13 AccountsIQ reviews. Check cash on hand at the beginning of each month and view each day’s incoming and outgoing funds. | 76% (Based on 13 reviews) | |
Income and Expenses | Based on 18 AccountsIQ reviews. Add one-time or recurring cash flow items and add line items for each payment or deposit. | 85% (Based on 18 reviews) | |
File Exports | Timesheets, projects, tasks, income or expenses can all easily be exported to pdf, xls or csv for simpel cash clow analysis. 20 reviewers of AccountsIQ have provided feedback on this feature. | 88% (Based on 20 reviews) |
Budgeting & Forecasting
Budgeting / Forecasting | Create and revise an unlimited number of budget, plan and forecast scenarios. 17 reviewers of AccountsIQ have provided feedback on this feature. | 77% (Based on 17 reviews) | |
Data Import | As reported in 20 AccountsIQ reviews. Import trial balance, monthly P&L, balance sheets, and other types of financial data | 90% (Based on 20 reviews) | |
Versioning | Keeps track of all versions of a budget and allows users to compare versions 14 reviewers of AccountsIQ have provided feedback on this feature. | 82% (Based on 14 reviews) | |
Historical Data | Forecasting is based on past transactions and historical financial or operational data 18 reviewers of AccountsIQ have provided feedback on this feature. | 86% (Based on 18 reviews) |
Revenue
Revenue Types | Supports multiple types of revenues, such as recurring and transaction based 18 reviewers of AccountsIQ have provided feedback on this feature. | 87% (Based on 18 reviews) | |
Revenue Allocation | Based on 16 AccountsIQ reviews. Allows users to allocate revenues to various business entities or departments | 85% (Based on 16 reviews) | |
Scheduling | Based on 12 AccountsIQ reviews. Automatic scheduling to ensure that revenue is recognized at the proper time | 86% (Based on 12 reviews) |
Payroll
Direct Deposit | Automatically deposits paychecks into employees' bank accounts. | Not enough data | |
Check/W-2 Printing | Allows administrators to print valid paychecks and W-2 forms. | Not enough data | |
Tax Calculation | Based on 12 AccountsIQ reviews. Calculates taxes due and may include resources or tools for federal and state tax compliance. | 78% (Based on 12 reviews) | |
Reporting and Dashboards | Access pre-built and custom reports and dashboards to track payroll costs and for compliance purposes. 13 reviewers of AccountsIQ have provided feedback on this feature. | 77% (Based on 13 reviews) |
AI
Data Extraction | Uses AI to automatically input data from receipts, invoices, and other documents | Not enough data | |
Invoice Processing | Uses AI to generates, send, and track invoices | Not enough data | |
Expense Management | Uses AI to categorize expenses, detect anomalies, and provide insights on spending patterns | Not enough data | |
Fraud Detection | Uses AI to detect unusual patterns and flag potential fraudulent activities in real-time | Not enough data | |
Tax Compliance | Uses AI to assist in calculating taxes, ensuring compliance with changing tax regulations, and automate the preparation of tax returns | Not enough data | |
Support Chatbots | Uses AI and NLP-powered chatbots to provide customer support and assist with queries regarding financial data and reports | Not enough data | |
Bank Reconciliations | Uses AI to match transactions recorded in the accounting system with those in bank statements | Not enough data | |
Report Generation | Uses AI to generate detailed financial reports, dashboards, and visualizations to provide insights into the financial health of the business | Not enough data | |
Customizable Alerts | Uses AI to set up alerts for various financial activities, such as payment due dates or low cash balances | Not enough data | |
Predictive Analytics | Uses AI to analyze data to identify trends and make predictions | Not enough data |
Mobile Applications - Accounting
Cloud Integration | Enables synchronization of accounting data across devices in real-time | Not enough data | |
Notifications | Send push notifications for important updates, such as due dates, invoice statuses, or tax deadlines | Not enough data | |
UI | Simplifies interfaces to be user-friendly and tailored for smaller screens, such as mobile phones and tables | Not enough data | |
Expense Tracking | Allows users to capture and upload expense receipts directly from mobile devices | Not enough data | |
Invoice Management | Enables creation, editing, and sending of invoices | Not enough data |
