Outgrowing Sage 50? Why AccountsIQ is the cloud-accounting solution of choice

Sage 50 to AccountsIQ

What is a great Sage alternative accounting system? If you’re reviewing accounting software for your business, consider AccountsIQ as a potential option. An award-winning cloud-based accounting platform, AccountsIQ transforms the way your finance function operates, and makes processes more efficient whilst saving your staff precious time.

Find out why AccountsIQ consistently wins Accounting Excellence awards and is well-loved by users.


Say your business sets up a subsidiary, or merges with another company, or you need to report in a different way, you’ll need to amend your chart of accounts to reflect the changes so that you can produce newly customised reports.

Sage 50 can’t do that!

With AccountsIQ, there’s a highly flexible general ledger, which allows you to amend your chart of accounts and reclassify GL codes to different categories. If your reporting requirements change, it’ll save you significant time because unlike Sage, there’ll be absolutely no need for complex workarounds or manual manipulation of data in Excel once they’re produced.


If your business consists of multiple companies or groups, consolidation is a really important factor in the accounting software you use.

Sage 50 can’t do that!

Accounting solutions such as Sage 50, are poor at handling consolidation, lacking the sophistication to link accounts for separate subsidiaries.

On the other hand, AccountsIQ is designed specifically for consolidation. Our accounting and consolidation software covers the full General Ledger; including full sales, purchases and analysis consolidation. It can manage multiple currency transactions (FX) at a group level and gives you the power to manage your coding structure at a group level.

It can also handle inter-company recharging with ease. Learn about the top ten benefits of using AccountsIQ’s financial consolidation software.


Often it’s necessary to go back and work on something from the previous financial year.

Sage 50 can’t do that!

You would need to close everything down from the last time period before moving on to the new reporting year. As a transaction-based system AccountsIQ makes this simple, with full period management that includes FX revaluation functionality for both month and year end.

It allows you to keep periods and years critical to a prior year open allowing your finance function to move forward to its new reporting year.


Cloud alternatives to Sage Accounting, like AccountsIQ, have many advantages over on-premise software systems, not least:

Real-time reporting to encourage collaboration. AccountsIQ features unique modules created to facilitate engagement with other users in the system in real time. For example, office staff can raise a PO using the finance system; while department heads can see where they stand with their budget in real time.

API library for integration with other apps. AccountsIQ can be combined and integrated with other cloud-based software including online banking systems, expense management software and CRM apps like Salesforce. This is a tricky and expensive feat to achieve with on-premise accounting solutions.

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