AccountsIQ provides a cloud-based accounting solution that is designed to provide users with access to the applications from anywhere in the world. The solution can be used on any internet connected device (with appropriate security and permissions). With this solution, users can facilitate simultaneous collaboration with multiple users within their organization through this centralized online service. The vendor says this feature makes it a particularly attractive solution for companies or organizations which are geographically dispersed. The vendor’s value proposition is that with their solution, there is no need any more for in-house servers, private networks, etc. Additionally, the vendor says their solution also eliminates costly labour associated with the operation and maintenance of such facilities.
AccountsIQ Features
General Ledger Features
A record of transactions and balances; the basic bookkeeping functionality of the software.
- Accounts payable
- Accounts receivable
- Cash management
- Bank reconciliation
- Expense management
- Time tracking
- Multi-currency support
- Multi-division support
- Regulations compliance
Inventory Management Features
The ability to track and manage the flow of goods or materials into and out of an inventory.
- Inventory tracking
- Location management
Order Management Features
The ability to process orders, and track them from quote to cash.
- Pricing
- Order entry
- Credit card processing
- Cost of goods sold
Reporting & Analytics Features
- Dashboards
- Standard reports
- Custom reports
Customization Features
This addresses a company’s ability to configure the software to fit its specific use case and workflow.
- API for custom integration
Security Features
This component helps a company minimize the security risks by controlling access to the software and its data, and encouraging best practices among users.
- Role-based user permissions
- Single sign-on capability
- Multi-factor authentication
- User-level audit trail
Accounting Firm BPO Features Features
These are features relevant to accounting firms using the product on behalf of clients
- Branded client dashboards
- Client data roll-up capabilities
- Client data consolidation for benchmarking
- Billing bypass
- Client template cloning
- Single sign-on
- Configurable client onboarding questions
- Industry-specific versioning
- Legacy system data migration
Additional Features
- Consolidated Accounts
- Workflow Approval
- Budget Accounting
- Intercompany Transactions
- Document Management
- Full Software and Hardware Maintenance included
- Private Database for each AccountsIQ Client Company
- Unlimited Storage and Computing Power
- Safety Backups automatically provided
- Extensive Security & Protection
- Work Flow Approval processes
- Document Management and paperless offices
- Ability to control individual user access and permissions
- Support & Help Desk included
- Automatic updates of application software
- No Archive & Off-site Storage required
- No disaster recovery requirements
- No version/license issues or costs
