AccountsIQ Features
General Ledger (3)
Journal Entries
As reported in 46 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.
Tags / Dimensions
As reported in 44 AccountsIQ reviews. 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.
Audit Trail
Automates chronological tracking of transactions that have affected a specific operation, procedure, event or record 45 reviewers of AccountsIQ have provided feedback on this feature.
Accounts Receivable (3)
Invoice Customization
As reported in 23 AccountsIQ reviews. The layout of the invoice template is fully customizable and you can add or remove fields.
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 34 AccountsIQ reviews.
Collections Automation
The system automates the dunning process to help drive collections This feature was mentioned in 32 AccountsIQ reviews.
Accounts Payable (3)
AP Automation
Steamlines data entry by auto populating recurring or predefined vendor values 39 reviewers of AccountsIQ have provided feedback on this feature.
Payment Processing
Ability to manage, track and report on numerous payment types. Customize and automate complex purchase to pay work flow. 43 reviewers of AccountsIQ have provided feedback on this feature.
Purchase Orders
As reported in 34 AccountsIQ reviews. Software supports purchase orders and provides purchasing personnel, management and accounts payable with visibility needed to streamline the procure to pay process
Other Functionality (8)
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 23 AccountsIQ 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. This feature was mentioned in 21 AccountsIQ reviews.
Inventory Reporting
Customizable reporting allows insight into usage of inventory and services. This feature was mentioned in 22 AccountsIQ reviews.
Multi-Entity / Consolidation
Multi-ledger and multi-tenant architecture. Automated consolidations, inter-entity transactions and eliminations This feature was mentioned in 34 AccountsIQ reviews.
Recognition Rules
Based on 33 AccountsIQ reviews. Automates recognition of revenue and expenses by defining recognition rules.
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. 40 reviewers of AccountsIQ have provided feedback on this feature.
Payroll
As reported in 25 AccountsIQ reviews. Payroll module or integration to an external payroll provider which automates the recording of payroll
Time and Expense
Based on 27 AccountsIQ reviews. Automated time and expense capture, tracking, approval, reimbursement and reporting
Reporting & Analytics (4)
Financial Statements
As reported in 39 AccountsIQ reviews. General reporting offered covers all of the standard financial statements and meets the basic needs of the business
Custom Reporting
Based on 39 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
Budgeting / Forecasting
Based on 29 AccountsIQ reviews. Create and revise an unlimited number of budget, plan and forecast scenarios.
Dashboards
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 37 reviewers of AccountsIQ have provided feedback on this feature.
Platform (6)
Customization
Allows administrators to customize to accommodate their unique process. Includes ability to create custom objects, fields, rules, calculations, and views. This feature was mentioned in 37 AccountsIQ reviews.
Workflow Capability
As reported in 33 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.
User, Role, and Access Management
Grants access to select data, features, objects, etc. based on the users, user role, groups, etc. This feature was mentioned in 40 AccountsIQ reviews.
Internationalization
Based on 27 AccountsIQ reviews. Enables users to view and transact business with the same content in multiple languages and currencies.
Performance and Reliability
As reported in 42 AccountsIQ reviews. 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.
Output Document Generation
Based on 38 AccountsIQ reviews. Allows administrators to create templates that enable users to quickly generate dynamic documents in various formats based on the data stored in the application.
Integration (3)
Data Import and Export Tools
Ability to input, modify and extract data from the application in bulk through a structured file. 39 reviewers of AccountsIQ have provided feedback on this feature.
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. 28 reviewers of AccountsIQ have provided feedback on this feature.
Breadth of Partner Applications
As reported in 27 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.
Cash Flow (3)
Track Cash Flow
Check cash on hand at the beginning of each month and view each day’s incoming and outgoing funds. This feature was mentioned in 25 AccountsIQ reviews.
Income and Expenses
Based on 29 AccountsIQ reviews. Add one-time or recurring cash flow items and add line items for each payment or deposit.
File Exports
Timesheets, projects, tasks, income or expenses can all easily be exported to pdf, xls or csv for simpel cash clow analysis. This feature was mentioned in 32 AccountsIQ reviews.
Budgeting & Forecasting (4)
Budgeting / Forecasting
Based on 29 AccountsIQ reviews. Create and revise an unlimited number of budget, plan and forecast scenarios.
Data Import
As reported in 31 AccountsIQ reviews. Import trial balance, monthly P&L, balance sheets, and other types of financial data
Versioning
As reported in 25 AccountsIQ reviews. Keeps track of all versions of a budget and allows users to compare versions
Historical Data
Based on 29 AccountsIQ reviews. Forecasting is based on past transactions and historical financial or operational data
Revenue (3)
Revenue Types
Based on 29 AccountsIQ reviews. Supports multiple types of revenues, such as recurring and transaction based
Revenue Allocation
As reported in 28 AccountsIQ reviews. Allows users to allocate revenues to various business entities or departments
Scheduling
Based on 23 AccountsIQ reviews. Automatic scheduling to ensure that revenue is recognized at the proper time
Payroll (4)
Direct Deposit
Automatically deposits paychecks into employees' bank accounts. This feature was mentioned in 19 AccountsIQ reviews.
Check/W-2 Printing
Based on 15 AccountsIQ reviews. Allows administrators to print valid paychecks and W-2 forms.
Tax Calculation
Calculates taxes due and may include resources or tools for federal and state tax compliance. 21 reviewers of AccountsIQ have provided feedback on this feature.
Reporting and Dashboards
Based on 22 AccountsIQ reviews. Access pre-built and custom reports and dashboards to track payroll costs and for compliance purposes.
AI (10)
Data Extraction
Uses AI to automatically input data from receipts, invoices, and other documents 10 reviewers of AccountsIQ have provided feedback on this feature.
Invoice Processing
Uses AI to generates, send, and track invoices
Expense Management
Uses AI to categorize expenses, detect anomalies, and provide insights on spending patterns This feature was mentioned in 10 AccountsIQ reviews.
Fraud Detection
Uses AI to detect unusual patterns and flag potential fraudulent activities in real-time This feature was mentioned in 10 AccountsIQ reviews.
Tax Compliance
Uses AI to assist in calculating taxes, ensuring compliance with changing tax regulations, and automate the preparation of tax returns
Support Chatbots
Uses AI and NLP-powered chatbots to provide customer support and assist with queries regarding financial data and reports
Bank Reconciliations
Uses AI to match transactions recorded in the accounting system with those in bank statements 11 reviewers of AccountsIQ have provided feedback on this feature.
Report Generation
As reported in 10 AccountsIQ reviews. Uses AI to generate detailed financial reports, dashboards, and visualizations to provide insights into the financial health of the business
Customizable Alerts
Based on 10 AccountsIQ reviews. Uses AI to set up alerts for various financial activities, such as payment due dates or low cash balances
Predictive Analytics
Uses AI to analyze data to identify trends and make predictions 10 reviewers of AccountsIQ have provided feedback on this feature.
Mobile Applications - Accounting (5)
Cloud Integration
Based on 10 AccountsIQ reviews. Enables synchronization of accounting data across devices in real-time
Notifications
Send push notifications for important updates, such as due dates, invoice statuses, or tax deadlines
UI
As reported in 10 AccountsIQ reviews. Simplifies interfaces to be user-friendly and tailored for smaller screens, such as mobile phones and tables
Expense Tracking
Based on 10 AccountsIQ reviews. Allows users to capture and upload expense receipts directly from mobile devices
Invoice Management
Enables creation, editing, and sending of invoices This feature was mentioned in 10 AccountsIQ reviews.
Agentic AI - Accounting (1)
Autonomous Task Execution
Capability to perform complex tasks without constant human input






