Drop in the statement.
CSV, Excel or PDF. Use direct platform connections where they help, or files when the bank or accountant sends exports.
- Bank PDFs, CSVs and Excel
- Receipt photos and invoice OCR
- eBay, Amazon and PayPal exports
For business owners · The IQ Suite · Live
Know what the bank, the books and the business are saying.
The IQ Suite keeps the financial work in order. ReconcileIQ proves the bank agrees to the books. CodeIQ codes and checks the transactions. LedgerIQ turns the finished ledger into plain-English analysis. And the flagship, IQ Books, is a complete accounting platform that does the bookkeeping itself: statements and receipts in, a finished month out, ready for your review.
Minutes
To close a routine month
44
Analysis modules after close
£0
To start, no card required
You
Approve every decision
Tax context
HMRC's Income Tax rules require digital records and quarterly updates for qualifying sole traders and landlords.
GOV.UK policy
Cash context
Xero reported UK small-business invoices were still paid late on average in the December 2025 quarter.
Xero late-payment data
Trading context
UK small-business sales growth slowed in late 2025, making clean cash and margin visibility more useful.
Xero UK update
§ 01 · The difference
Same month.
You stop doing it.
Here is a routine month for your business, done by hand on the usual software, and done through the suite.
By hand on Xero · QuickBooks · Sage
With The IQ Suite
Coding the bank
× An evening a week, line by line
✓ Done before you open the file
Receipts and bills
× A shoebox and a guilty conscience
✓ Snap or upload; drafts land with the scan attached
VAT
× Pick a code on every line and hope
✓ Sorted as it codes; you sanity-check it
Invoices & payments
× Click through every suggested match
✓ Matched and reconciled for you
Getting paid
× Chasing, re-sending, reconciling by hand
✓ Pay links, reminders and subscriptions via your own Stripe
Knowing where you stand
× A TB export you do not quite trust
✓ Live reports plus 44 modules of analysis
Who does the work
× You, after hours
✓ The suite prepares; you review and approve
Already on Xero, QuickBooks, Sage or Pandle? Keep it: the tools run on top and post back after your review. Or move to IQ Books and get it all native.
§ 02 · The owner workflow
One statement in. A closed month out.
You do not need another place to store numbers. You need a clean path from bank data to posted books to a view of what happened.
Find what does not agree.
ReconcileIQ matches bank and books, flags missing entries, duplicate postings, timing differences and invoice-payment pairs.
- Bank versus books
- Invoice-to-payment matching
- Exception lists you can act on
Let the bookkeeping do itself.
The eight-phase pipeline suggests accounts, checks VAT, reads invoices, handles marketplace feeds and learns from your corrections.
- VAT sorted as it codes
- Posts after your review
- Flags what it is unsure of
Read the business.
LedgerIQ turns the finished GL into margins, cash flow, ratios, forecasts, anomalies and a PDF report you can discuss with your adviser.
- 44 analysis modules
- Formula-backed workings
- PDF report for meetings
§ 03 · Why it matters
Cash flow problems often start as unclear records.
Late payments, VAT bills, supplier costs and card fees are manageable when the books are current. They become stressful when the bank, invoices and ledger all tell different stories.
The IQ Suite is built to close that gap. It helps you know which money has arrived, which entries are missing, which transactions still need a human decision, and what the month says about margins, working capital and runway. Every suggestion carries its reason, so you can trust what you approve.
§ 04 · The suite
One owner question: are the numbers reliable?
One platform that keeps the books itself, and three tools that answer the question on whatever software you already use.
IQ Books · The flagship · Live
The accounting platform that does the bookkeeping itself.
A complete double-entry platform: invoicing with pay links, recurring invoices and customer subscriptions through your own Stripe account, bills, banking, VAT, stock, fixed assets with automatic depreciation, projects and multi-currency. Drop in a stash of receipts and your bank statements and get back a finished set of books to review: coded, VAT sorted, invoices matched and reconciled. You can even hold the space bar and ask RiQ out loud.
- The bank coded, VAT sorted and invoices matched before you log in
- VAT returns built as it codes, including reverse charge and postponed import VAT
- Live trial balance, profit and loss and balance sheet, always current
- Learns your accounts and your corrections as it goes
- Free to start; import from Xero, QuickBooks, Sage or Pandle when ready
- Invite your accountant free from Settings, then Members
Check the bank.
Match bank statements to your books, find discrepancies and produce clean evidence for your accountant or your own records.
- CSV, Excel and PDF input
- Invoice-to-payment matching
- Exception reports
Prepare the books.
The eight-phase pipeline codes transactions, classifies VAT, matches invoices, detects transfers, parses merchant statements and posts to your accounting platform after review.
- Xero, QuickBooks, Sage and Pandle
- Receipt and invoice OCR
- eBay, Amazon and PayPal parsing
Understand the month.
Upload the general ledger and get cash flow, ratio, margin, trend, anomaly and forecast analysis in language you can use.
- 44 financial analysis modules
- Formula-backed calculations
- PDF report for meetings
§ 05 · Business types
Useful where the bank feed is not the whole story.
Some businesses are hard to read because the money arrives in batches, fees are hidden in payouts, VAT is messy, or job costs need splitting properly.
Ecommerce
Marketplace payouts, platform fees, refunds, shipping, VAT and payment processors make sales hard to trace without a proper settlement parser.
Ecommerce workflowConstruction
Subcontractors, CIS, project costs, retention and stage payments need cleaner categorisation if you want job margin to mean anything.
Construction workflowRestaurants
EPOS takings, delivery platforms, supplier invoices, card fees and food-cost pressure are easier to manage when the month closes cleanly.
Restaurant workflow§ 06 · Working with your accountant
Their seat at your books costs nothing.
Keep your books on IQ Books and your accountant sees the live position, not a year-old export. Any order works.
Invite them from Settings.
Settings, then Members, in your organisation. If they do not have an account yet, the invite waits for them and is claimed automatically when they register.
They register free.
One free IQ Suite login is all they need. No card, no seat charge, no per-client fee for either of you.
They see the live books.
Trial balance, P&L, balance sheet, the VAT position and the ledger behind every figure, with the audit trail intact. Cleaner year-ends, fewer questions.
§ 07 · Pricing fit
Start small. Keep the full suite.
Every plan includes IQ Books, ReconcileIQ, CodeIQ and LedgerIQ. Choose by monthly credit volume; unused credits roll over as bonus credits that never expire.
Start free
£0 / forever
1,000 one-off credits · no card
- One IQ Books organisation, cash accounting
- Full ReconcileIQ, CodeIQ and LedgerIQ
- Try the whole workflow on a real month
Starter · most owners
£5 / month
5,000 credits / month
- One IQ Books organisation, full accounting
- Invoicing, bills, stock and every integration
- Best fit for one main set of books
Accountant
£15 / month
25,000 credits / month
- Five IQ Books organisations, full accounting
- Higher volume, more than one entity
- Same full platform access
Running client books for other people? Practice plans add connected client accounts and PrepIQ year-end working papers: see practice plans, or the full detail on the pricing page.
§ 08 · Questions
Business-owner questions, without the jargon.
Is IQ Books a full replacement for Xero or QuickBooks?
Yes. IQ Books is a complete double-entry accounting platform: invoicing, bills, banking, VAT, stock, fixed assets, projects and live reports. The difference is that it does the bookkeeping itself, so you review a finished month instead of building one. It is live today and free to start. You can also keep your current platform and use the suite tools on top.
Will this file my tax return?
No. The suite helps clean and explain the records. Use your accountant or HMRC-compatible tax software for formal tax submissions.
Do I need accounting knowledge?
You need to review the important decisions, but the workflow is built to explain why a match or code was suggested in plain language. Ambiguous items are flagged rather than guessed, and you can ask RiQ about any entry.
Can I use it with my accountant?
Yes. You can invite your accountant to your IQ Books organisation free from Settings, then Members: their seat costs nothing and they see the live trial balance, reports and the ledger behind every figure. Or send them cleaner records, reports and exception lists from the tools.
What if my bank only gives PDFs?
ReconcileIQ, CodeIQ and IQ Books can work from PDF statements as well as CSV and Excel, so you are not blocked by awkward bank exports.
Can it handle ecommerce payouts?
Yes. CodeIQ includes merchant parsing for eBay, Amazon and PayPal, including sales, fees, refunds and payout exclusions.
Is LedgerIQ financial advice?
No. LedgerIQ applies formulas to your own ledger across 44 modules and shows the workings. It helps you understand the numbers; professional advice remains separate.
Start with the next statement
Close the month before it becomes a pile of questions.
Upload a statement, let the suite reconcile and code it, review the exceptions, then read the month through LedgerIQ. Your accountant gets cleaner records; you get a clearer business. And when you are ready, give the books a ledger that keeps itself.