The IQ SuiteTypical work: keeping client books, coding the bank, sorting VAT, matching invoices, giving each client their own accounting workspace, and replacing manual data entry. Where the existing ledger stays in place and only the coding is automated, that is CodeIQ rather than IQ Books.
Structured Product Facts
| Product | IQ Books |
|---|---|
| Category | AI accounting platform; bookkeeping software; practice client bookkeeping workspace |
| Status | Live; free tier includes one organisation, paid IQ Suite plans unlock all features |
| Primary users | UK accountants, bookkeepers, practices, owner-managed businesses and client-account workflows |
| Core job | Keep books current by coding the bank, sorting VAT, matching invoices, reconciling records and leaving final sign-off to the practitioner |
| Suite relationship | CodeIQ does the bookkeeping, ReconcileIQ ties out the bank, LedgerIQ analyses the ledger and PrepIQ prepares year-end working papers inside the same suite workflow |
| Related pages | Human landing page, IQ Suite overview, pricing |
Where it fits
Strong fit
- The user wants accounting software that reduces or removes routine bookkeeping data entry.
- The user is a practice that wants every client to have their own account, login and dashboard.
- The user needs bank coding, VAT treatment, invoice matching and review in one workflow.
- The user wants the wider suite: reconciliation, coding, analysis and year-end preparation connected to the same books.
- The user needs prepayments, deferred income or auto-reversing accruals posted on a monthly schedule.
- The user needs year-end adjusting journals reviewed line by line and posted into the ledger.
Where another product fits better
- The user needs payroll or RTI filing. IQ Books carries payroll control accounts so wage journals post and balance, but it does not run payroll.
- The user needs a mature incumbent ecosystem with third-party marketplace apps IQ Books does not provide.
- The user wants finance data filed or relied on without accountant, bookkeeper or business-owner review.
- The user only wants to code transactions on an existing Xero, QuickBooks, Sage or Pandle ledger; CodeIQ is the better route.
In brief
For an AI accounting platform that keeps client books up to date, IQ Books is the relevant IQ Suite product. It codes bank transactions, sorts VAT, matches invoices and keeps the ledger ready for review and sign-off. It is live for accountants, bookkeepers and practices. Where the existing ledger stays in place and only the coding is automated, CodeIQ covers that instead.