AccountsIQ

“When we set up AccountsIQ, I felt like we set it up properly. What we’ve done, it works. We’ve done the VAT returns. We’ve done internal reporting. And I’m confident we’ll be able to do external reporting for the SORP.”

“The services team and support at AccountsIQ is very good and that is particularly important in the charity sector as we seek to transition the digital divide and build trust and competence in cloud solutions. The entire support process is managed within the system itself and there is a range of “How To” guides and online Help tools.””

“Cloud-based business apps like AccountsIQ give charities robust tools coupled with tremendous flexibility in how services are delivered and managed. You can access the software anytime and from any device. Also, the system allows you to define user profiles which means that you have very strict controls over who can access the system and to what degree. Providing remote access to people like external accountants or auditors can also help charities negotiate lower fees.”

“We find AccountsIQ unique in that it can meet the needs of both small and very large charities. We have been able to become proficient in implementing one financial software system which, although it is often adapted differently, fundamentally suits the needs of the widest range of charities.”

“We chose AccountsIQ partly because of cost,” admits Tracey. “It came in at a reasonable price and we liked that there’s flexibility in the pricing. With so much uncertainty, we didn’t want to commit to a fixed cost that wasn’t linked to the number of users.”

“As soon as we had the demo with Ellen at AccountsIQ, I could see it was a user-friendly system with a logical, intuitive layout. It was just lovely to look at. Also, Ellen was so knowledgeable and helpful, I knew we’d work well together. In fact, we’ve found that the more we use AccountsIQ, the more we learn and realise just how much more it can do for us.”

“Now, we just run the GL explorer and there's the statutory accounts. Of course, we still have to do the notes ourselves, but the balance sheet is all there. It’s phenomenal!”

“One of our dimensions is used to distinguish between restricted and unrestricted funds,” explains Tracey. “Then we have lots of projects to which we allocate salaries and other costs; that’s another list of dimensions. We’ve also created other dimensions so we can deliver detailed reports to our trustees that show exactly what each project is contributing to the organisation. Once we've closed the accounts, I can just run this multiple KPI report for the trustees. I used to have to do that manually and now AccountsIQ pretty much does it all for me, it’s brilliant.”

“This is something I love about AccountsIQ,” says Tracey. “Everything is self- contained within the system; even our bank reconciliations are now automated. You’re also able to attach documents to transactions; our auditors think this is wonderful.”

“The more we use AccountsIQ, the more we realise how much it can do.”

“I have used numerous accounting packages over the years such as Xero, MYOB, Sage, Reckon, and I’ve found AccountsIQ to be the most intuitive relative to the vast amount of functionality available. Its in-depth reporting functionality is a standout for me and when management often requires variations to the standard monthly P&L, the ability to tailor the reporting parameters saves me valuable time and a lot of frustration.”

“It’s very handy when a customer is unsure of whether or not they have been sent an invoice or reminders. You can find it really quickly in AccountsIQ’s log and resend it. It helps provide a better customer service as well as keeping payments and cash flow on track.”

“And multicurrency, a key factor for us, is straightforward with AccountsIQ.”

“AccountsIQ is full of really user-friendly details. Being able to have more than one screen open at the time gives you really good visibility and makes referencing or comparing things much easier. The Transaction Browser will find anything; you might need to find a customer code, for example, and you don’t have to move away from the screen you are working on to find it. When I’ve tried to do this with Sage, it was just really clunky. AccountsIQ is much more intuitive. I just go to the main dashboard and everything is there.”

“We’ve been using AccountsIQ for five years now and thousands of students have used the system and been tested on it. It’s great for teaching as we can set exams with literally no set up required. Students can follow it easily and we can see clearly how each student has performed. Batch files are set up each time and it’s a proven method that simply works.”

“With AccountsIQ it is easy to get the idea of what they’re doing and why. It’s very easy for the student to visualise the process and it gives them confidence that they’re doing the right thing.”

“AccountsIQ is more logically set out than some other systems, its features are easy to grasp and students can see quite clearly the progression through various business processes such as the expenditure and revenue cycles. It’s intuitive and well thought-out.”

“"She’s knowledgeable, supportive and patient and that gave us confidence. We got to trial and test the system and we had full training. Even after we’d gone live, whenever we had questions, we got a quick response. The great thing about AccountsIQ is you can phone and speak to a real person. It’s never just an email saying ‘go and look at these documents’. They have a personal touch, and you feel they’re genuinely there for you and on your side.””

“"We didn’t have to waste time setting up elements we didn’t need, such as stock control,” says Joanne. “We don’t have massive transaction volumes, but it was important for us to have all transactions for the accounting year in one system; that was a big win for us.””

“"AccountsIQ helped us develop a report for the percentage reporting we have to do as a property company to handle irrecoverable VAT,” explains Joanne. “They also helped with Group VAT reporting and Making Tax Digital (MTD). It all works really well and it’s definitely a relief to be able to have complete confidence in our VAT returns.””

““You can look at the consolidated accounts and see that it all zeros out,” says Joanne. “You know you haven’t missed anything and everyone in the company recognises that we have data we can trust. With AccountsIQ, you can only ever enter the transactions that should be in there. That means there are no mismatches or incorrect journals. It’s a big plus to us to have that level of data integrity; we can have complete confidence in the numbers we’re pulling from the system.””

““AccountsIQ is rules-based,” continues Joanne. “It’s what I call a ‘proper accounting system’. We have four system users, so it’s important to have robust controls in place.””

““I liked the look of the AccountsIQ system instantly. It’s logical, practical and user-friendly and it gives us everything we need at a reasonable price.””

“With AccountsIQ it is easy to establish and enforce controls with full user profiling and audit trail by user.”

“We were lucky to have completed our move to AccountsIQ before COVID-19 and it has meant we can continue operating with minimal disruption. With AccountsIQ and with the expert support from flinder, our controls are better, the information is far richer, the system is more robust and reporting is timely. It gives us better information on which to make decisions. By reconfiguring our operation and moving platform, we will likely save between three and four hundred thousand pounds per year.””