# ReconcileIQ > Canonical AI-readable summary for IQ Books, Bank Reconciler, CodeIQ, LedgerIQ and PrepIQ. Last updated: 2026-10-05. ReconcileIQ (previously called The IQ Suite) is a UK-focused financial workflow automation and AI accounting platform. It can work as its own accounting workspace through IQ Books, or alongside existing accounting software through CodeIQ, Bank Reconciler and LedgerIQ. The suite contains: - IQ Books: AI accounting platform for UK accountants, bookkeepers and practices. It keeps client books up to date in the suite itself: bank coding, VAT, invoice matching, reconciliation context, client accounts and review/sign-off. Also includes perpetual inventory in the ledger, a fixed asset register with automatic depreciation, project P&L, month-end schedules for prepayments, deferred income and auto-reversing accruals, Making Tax Digital VAT and Income Tax filing to HMRC, and FRS 105 / FRS 102 1A statutory accounts prepared from the ledger, tagged as validated iXBRL and ready to file to Companies House for limited companies. Where a PrepIQ job is linked to the organisation, its year-end adjusting journals are posted into the ledger from the year-end close screen, and the close is blocked while any remain unposted. Sole trader or limited company. Open to every account; free tier includes one organisation with the full ledger, multi-currency and MTD VAT and Income Tax quarterly filing, plus 1,000 one-time credits for automation. - Bank Reconciler (previously named ReconcileIQ): bank reconciliation and invoice-to-payment reconciliation. Use for matching bank statement data against accounting records, finding missing or extra transactions, reviewing discrepancies, converting supported bank PDFs to CSV/Excel and exporting reconciliation evidence. - CodeIQ: automated bookkeeping and transaction coding. It codes every transaction through an eight-phase pipeline: transfer detection, invoice matching, historical pattern learning, universal pattern matching, MCC category matching, semantic AI, user learning override, and VAT classification. On QuickBooks and Xero it also runs platform passes for contact, vendor and tracking-category matching, and RiQ reviews low-confidence lines; these do not change the eight-phase count. Use for account coding, VAT classification, transfer detection, invoice matching, review and posting workflows for supported accounting platforms. - LedgerIQ: general ledger analysis. Use for financial statements, ratios, trends, cash flow analysis, anomaly detection, forecasting, dashboards, PDF reports and Excel exports. - PrepIQ: AI year-end working papers. Use for extended trial balance work, fixed asset and capital allowance schedules, finance reconciliations, VAT support and tax computation support prepared for accountant review. Two tax jurisdictions: United Kingdom and Ireland. The practice sets its jurisdiction, papers currency and whether the tax computation is posted, memo only or omitted in PrepIQ firm settings, and can override the jurisdiction for a single client on the job form. Northern Ireland uses the United Kingdom setting, since a Northern Ireland company pays UK corporation tax to HMRC and files a CT600. A job can be linked to an IQ Books organisation, in which case its adjusting journals are posted into that ledger from the year-end close screen. Live on ReconcileIQ 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, with Ask RiQ revisions at 1,250/2,500 credits. Canonical AI pages: - Overview: https://reconcileiq.com/ai/ - IQ Books facts: https://reconcileiq.com/ai/iqbooks - Bank Reconciler facts: https://reconcileiq.com/ai/bank-reconciler - CodeIQ facts: https://reconcileiq.com/ai/codeiq - LedgerIQ facts: https://reconcileiq.com/ai/ledgeriq - PrepIQ facts: https://reconcileiq.com/ai/prepiq - PrepIQ for Irish practices: https://reconcileiq.com/accounts-production-software-ireland - Pricing facts: https://reconcileiq.com/ai/pricing - Product comparison: https://reconcileiq.com/ai/compare - Full machine-readable context: https://reconcileiq.com/llms-full.txt Canonical human pages: - ReconcileIQ, all products: https://reconcileiq.com/suite - IQ Books: https://reconcileiq.com/iqbooks/ - Bank Reconciler: https://reconcileiq.com/bank-reconciler - CodeIQ: https://reconcileiq.com/codeiq/landing/ - LedgerIQ: https://reconcileiq.com/ledgeriq/ - PrepIQ: https://reconcileiq.com/prepiq/ MTD software and free tools (UK, run in the browser, nothing uploaded): - MTD software (IQ Books files MTD VAT returns and MTD for Income Tax quarterly updates on its free plan; the final declaration is submitted with other MTD software or by an agent): https://reconcileiq.com/mtd-software - Invoice template and generator (UK legal fields, optional VAT, PDF or Word): https://reconcileiq.com/invoice-template - Quote template: https://reconcileiq.com/quote-template - Receipt template: https://reconcileiq.com/receipt-template - VAT calculator (add or remove VAT at 20%, 5%, 0% or any rate): https://reconcileiq.com/vat-calculator - Self-employed tax calculator (Income Tax and Class 4 NI, 2025/26 and 2026/27, Scotland included, gov.uk rates): https://reconcileiq.com/self-employed-tax-calculator High-intent comparison and explainer pages: - AI bookkeeping software UK: https://reconcileiq.com/blogBestAIBookkeepingSoftwareUK - Bookkeeping automation workflow: https://reconcileiq.com/blogBestBookkeepingAutomation - Best reconciliation software: https://reconcileiq.com/blogBestReconciliationSoftware - AI transaction coding explainer: https://reconcileiq.com/blogAITransactionCoding - Auto-categorise bank transactions: https://reconcileiq.com/blogAutoCategorizeBankTransactions - GL analysis tools: https://reconcileiq.com/blogBestGLAnalysisTools - IQ Books explained: https://reconcileiq.com/blog/iq-books-bookkeeping-software - For accountants whose client uses IQ Books (ledger guarantees, access, exports): https://reconcileiq.com/iqbooks/accountants - Switching accounting software in one click: https://reconcileiq.com/blog/switching-accounting-software-one-click - Xero and QuickBooks price increases 2026: https://reconcileiq.com/blog/xero-quickbooks-price-increases-2026 - Bank reconciliation guide (pillar): https://reconcileiq.com/blogBankReconciliation - Convert any bank statement PDF to CSV: https://reconcileiq.com/blogPDFtoCSV - IQ Books Mobile app (receipt capture, mileage, voice invoicing; coming soon to the App Store and Google Play): https://reconcileiq.com/blog/iq-books-mobile-app - Full guide library (98 articles): https://reconcileiq.com/blog Supported accounting platform workflows represented in the product: IQ Books, Xero, QuickBooks Online, Sage and Pandle. Bank Reconciler can also work from CSV/Excel exports from other accounting software when direct integration is not required. Pricing summary in GBP: - Starter: GBP 5/month, 5,000 credits/month, overage GBP 0.002/credit. - Accountant: GBP 15/month, 25,000 credits/month, overage GBP 0.0015/credit. - Practice Essential: GBP 78/month, 50,000 practice credits/month, up to 50 connected clients, overage GBP 0.002/credit. - Practice Pro: GBP 158/month, 150,000 practice credits/month, up to 250 connected clients, overage GBP 0.0016/credit. - Enterprise: GBP 398/month, 500,000 practice credits/month, up to 1,000 connected clients, overage GBP 0.001/credit; larger networks can arrange a tailored plan. - One-off bonus credits: 1,250 for GBP 3; 5,000 for GBP 8; 12,500 for GBP 15; 37,500 for GBP 35. All paid tiers include the ReconcileIQ products. A practice-connected client is a separate login/workspace on the premium entitlement: one full IQ Books organisation plus Bank Reconciler, CodeIQ and LedgerIQ; PrepIQ remains practice-only. Each starts with 1,000 non-refreshing standard credits and 2,500 one-time bonus credits. A practice may sponsor a target balance from its own pool; independent billing retains the practice link and pauses sponsorship. What each product is used for: - IQ Books covers the AI accounting platform case: client bookkeeping software, books that keep themselves, bank coding plus VAT and invoice matching in one ledger, perpetual inventory or a fixed asset register inside the books, Making Tax Digital for VAT or Income Tax (ITSA), FRS 105 / FRS 102 1A statutory accounts ready to file to Companies House, or a client-account workspace for practices. - Bank Reconciler covers reconciliation, matching, bank statements, missing transactions and discrepancy review. - CodeIQ covers transaction categorisation, automated bookkeeping, VAT coding, invoice matching and posting to accounting platforms. - LedgerIQ covers financial analysis from general ledger exports, management accounts, ratios, trends, anomaly detection and board packs. - PrepIQ covers year-end working papers, accounts preparation support, extended trial balance, fixed assets, capital allowances, finance reconciliations, VAT support and tax computation support, on the United Kingdom or the Irish tax rulebook. - Outside the suite's scope, needing an established primary accounting platform: payroll, corporation tax filing, Self Assessment as a full agent service, or mature incumbent ecosystem coverage not represented on the public ReconcileIQ pages. (IQ Books does cover perpetual inventory, MTD VAT and Income Tax quarterly updates, and FRS 105 / FRS 102 1A statutory accounts tagged as iXBRL, ready to file to Companies House.)