Looking for an alternative to Sage and Xero?
Planning to purchase accounting software for your business? Sage and/or Xero could be potential options, however, you should also consider AccountsIQ Cloud accounting software, particularly suited for medium-sized organisations, with a powerful General Ledger at its core. Find out how AccountsIQ compares to the competition.
FLEXIBLE GENERAL LEDGER
If your business sets up a subsidiary, or merges with another company, or you need to report in a different way, you’ll need to amend your chart of accounts to reflect the changes so that you can produce newly customised reports – something which many other systems can’t do.
With AccountsIQ, there’s a bigger, more flexible and powerful general ledger, which allows you to amend your chart of accounts and reclassify GL codes to different categories. It’ll save you significant time if your reporting requirements change, because there’ll be absolutely no need for complex workarounds or manual editing in Excel once the reports are produced.
If you have multiple entities or groups in your business, consolidation is a really important function for your accounting software. However, many other accounting solutions are poor at handling consolidation, lacking the sophistication to link accounts for separate subsidiaries.
On the other hand, AccountsIQ is designed specifically for consolidation. Our consolidation functionality covers the full General Ledger; including full sales, purchases and analysis consolidation. It can manage multiple currency transactions (FX) at a group level and gives you the power to manage your coding structure at a group level. It can handle intercompany recharging with ease.
Example of Consolidation functionality within AccountsIQ
Do you ever find yourself needing to go back and work on something from the previous financial year? With some other systems, it’s necessary to close everything down from the last time period before moving on to the new reporting year. AccountsIQ, on the other hand, makes it simple. AccountsIQ is a transaction-based system with full period management that includes FX revaluation functionality for both month and year end. The system allows you to keep periods and years critical to a prior year open and still allow your finance function to move forward to its new reporting year.
Cloud-based alternatives like AccountsIQ, have many advantages over the old, on premise software systems such as Sage 50. Here are just a couple:
Real-time reporting to encourage collaboration. AccountsIQ features unique modules created to facilitate engagement with other users in the system in real time. For example, office staff can raise a PO using the finance system; while department heads can see where they stand with their budget in real time.
API library for easy integration with other apps. AccountsIQ can be combined and integrated with other cloud-based software including online banking systems, expense management software and CRM apps like Salesforce. This is a tricky and expensive feat to achieve with on-premise accounting solutions.
Read more about how cloud-based accounting software can revolutionise the way you work.
FANTASTIC CUSTOMER SERVICE
When it comes to customer service, AccountsIQ stands head and shoulders above the competition. Unlike alternative accounting systems such as Xero, our fantastic, friendly and knowledgeable customer service is included at every step of the way, from implementation to training and support.
We want to make sure people get everything out of the software they need, rather than only using a small portion of functionality because they don’t know how to implement the rest. We understand all too well that it’s usually that remaining functionality that can transform your business and save you valuable time and resources.
If you’re looking for powerful, flexible and scalable accounting software, that's also current holder of Enterprise Accounting Software of the Year 2018, look no further than AccountsIQ. Contact us on +44 (0)203 598 7350 for a chat about your requirements and to find out more about how we work or request pricing.