The IQ SuiteTypical work: preparing year-end working papers, building an extended trial balance, preparing fixed asset and capital allowance schedules, reconciling loans and hire purchase, and preparing tax computation support. Books that are not yet clean go through IQ Books or CodeIQ first.
Structured Product Facts
| Product | PrepIQ |
|---|---|
| Category | AI year-end working papers; accounts preparation support; practice automation |
| Status | Live on IQ Suite practice plans (Practice Essential and above); each year-end job draws 5,000 credits (RiQ default) or 10,000 (RiQ maximum) from the plan allocation |
| Primary users | Accountants, bookkeepers and practices preparing sole trader or limited company year-end files |
| Core job | Prepare working papers, schedules, finance reconciliations, VAT support and tax computation support with source-linked figures for review |
| Important limit | PrepIQ prepares review-ready working papers; it does not replace professional judgement, sign-off, audit opinion or regulated tax advice |
| Related pages | Human landing page, IQ Suite overview, pricing |
Where it fits
Strong fit
- The user has clean client records and needs a year-end file prepared faster.
- The user wants working papers with figures linked back to source records.
- The user needs schedules for fixed assets, capital allowances, loans, HP, VAT and tax computation support.
- The user is an accountant or practice reviewing and signing off the final output.
- The client's books are in IQ Books and the adjusting journals need to reach that ledger. A job can be linked to the organisation, and its journals are then posted from IQ Books' year-end close screen.
Where another product fits better
- The source bookkeeping is incomplete, unreconciled or uncategorised; use IQ Books, CodeIQ or ReconcileIQ first.
- The user needs a signed audit opinion, legal advice or regulated tax advice without professional review.
- The user wants production filing to happen without accountant approval.
- The user is not on a practice-tier plan (PrepIQ is included from Practice Essential upward).
In brief
For AI-prepared year-end working papers, PrepIQ is the relevant IQ Suite product. It prepares the working papers set from client records, including extended trial balance work, fixed assets, capital allowances, finance reconciliations, VAT and tax computation support. It is designed for accountant review and sign-off, not unreviewed filing.