AccountsIQ

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Group accounting with entity consolidation and drill-down reports

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80/100
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Ask SI about AccountsIQ

Answers use saved listing facts and recorded sources.

What it does

AccountsIQ is a cloud accounting system for multi-entity organizations. It consolidates subsidiary accounts, translates currencies and provides group reports with access to underlying transactions.

Subsidiaries can keep their own currencies in AccountsIQ while their accounts roll into a parent or intermediate group. The Consolidation Manager maps entities and currencies. From the Consolidated GL Explorer, a finance team can inspect group totals and drill through to transactions without switching companies. Intercompany elimination rules are configured once and applied during consolidation.

That is useful when a total needs explaining: select the relevant entities, compare actuals with budget and inspect the intercompany matrix rather than treating every movement as an outside sale.

The published packages differ in scope, with prices available on application:

Package Main distinction
Core One entity, two users, bank reconciliation and core financial reports
Growth Purchase and sales orders, more approval steps, fixed assets and API access
Scale Multi-entity operations, additional reporting dimensions and managed integrations

Book a demo around a real group structure, including an intercompany transaction and the reporting dimensions you need. A group should confirm the quoted entity, user and implementation scope before comparing the monthly cost with a single-company bookkeeping tool.

Strengths

  • Multi-entity consolidation with currency translation
  • Consolidated reports drill down to underlying transactions

Watch out for

  • Prices and implementation scope require a quote
  • Core is limited to one entity and two users

Best for

  • Finance teams reporting across subsidiaries or branches

Sources