Get reconciling. In five steps.

CodeIQ works on top of the ledger you already keep, or inside our own.

• Pandle, QuickBooks, Xero or Sage — connect once through the platform's own sign-in. We never see your password.
• IQ Books — no connection needed. Open Banking and click Bookkeep this organisation in CodeIQ. It opens over the top of your books and posts straight back into them.

Once connected, pick the client you want to work on.

Before it codes anything, CodeIQ builds a picture of how this particular client is kept. It reads the general ledger history and reverse-engineers the patterns in it, then pulls the chart of accounts, VAT codes, customers, suppliers, tracking categories and every outstanding invoice.

This runs in the background and takes about a minute. You can have up to ten clients open at once, each in its own tab, all processing independently.

Give each bank account the statement that belongs to it. CSV, PDF, Excel, OFX and QBO are all read, and the columns are detected for you with a mapping screen to correct if a bank does something unusual.

Multiple accounts in one session is the normal case, not the exception. Transfers between them are found in step five rather than coded twice.

Drag in whatever else you were given for the period. Scanned, photographed and handwritten documents are all read into accounting data, not just filed.

• Bills, invoices and receipts — extracted, then matched against the invoices already outstanding on the client.
• Marketplace statements — eBay, Amazon and PayPal are parsed into sales, fees, postage and refund journals, with payouts left for the bank to clear. Other exports such as Stripe, Etsy and Square are mapped with RiQ's help.

Anything you add is synced back to the client's ledger when the session posts.

A line or two on what the business actually does is the single highest-value thing you can give it. "Builders' merchant, trade counter and delivered sales, hires plant" changes how the whole statement is read.

Then process. Every line goes through an eight-phase pipeline: transfer detection, invoice matching, this client's own historical patterns, universal patterns learned across the network, card category matching, semantic analysis, your own prior corrections, and VAT classification.

You get every line with its suggested account, VAT treatment, contact and confidence. Sort by confidence and the doubtful ones come to the top. Bulk-approve what is obviously right, and change what is not.

Your corrections are the point. Each one is learned against that client, so the second period is better than the first and the third is better again.

When you are happy, post. Journals, transfers and invoice payments go back to the platform, reconciled where the platform allows it.

Open IQ Books and the setup wizard asks for the things that actually change how the books behave: the entity type, the year end, whether you are VAT registered and on which scheme, and the currency you report in.

Answer those and you have a chart of accounts appropriate to the business, ready to adjust.

The create-organisation screen offers a demo company, Ashgrove Supplies Ltd, a builders' merchant with a full year of trading behind it: customers, suppliers, stock, outstanding invoices and three bank accounts, one of them in dollars.

It comes with a download pack of a quarter's real-shaped paperwork, three bank statements and seven documents, so you can put a period through the whole loop yourself. Everything inside it is free, so run it as often as you like.

A new business starts at zero and needs nothing here. An existing one has two routes in.

• Enter opening balances — the trial balance as at your start date, plus the invoices and bills still outstanding on each side.
• Migrate from Xero, QuickBooks or Sage — the migration pulls the trial balance, the customers and suppliers and the outstanding invoices, and lays down the opening balances for you. It brings the balances rather than every historical transaction, so the old ledger stays where it is as your record of the past.

Add each bank, card and cash account, in whichever currency it is held. Then choose how the transactions arrive.

• Hand it to CodeIQ — the whole organisation at once, coded, matched and posted back reconciled. This is the fast route and the one most people should take.
• Import a CSV — lands as drafts you confirm line by line, with bank rules to categorise the ones that repeat.
• Enter it by hand — for the accounts that only move twice a year.

Everything you would expect of a full ledger, in one place.

• Sales — quotes, invoices, credit notes, receipts, statements, reminders and recurring billing.
• Purchases — suppliers, bills, purchase orders, employee expenses, payment runs, and receipt capture that reads a photographed receipt into a bill.
• Ledger — journals, fixed assets and depreciation, prepayments and accruals, projects and time, multi-currency.
• Stock — products and perpetual inventory.

Reports run off the ledger as it stands, with the audit trail behind every figure. From there the year closes out through the rest of the suite.

• VAT — returns prepared from the books and filed under Making Tax Digital.
• Analysis — send the ledger to LedgerIQ for the trend and ratio work, from inside Reports.
• Year end — Accounting, then Year-end close, where PrepIQ builds the working papers.
• Statutory accounts — prepared and filed from the same ledger.

From any platform, as CSV or Excel. What LedgerIQ needs is the transaction-level general ledger, every posting with its date, account, description and amount.

Working in IQ Books already? Reports, then Analysis, sends it across without an export at all.

Every chart of accounts is named differently, so the accounts are classified into their financial-statement categories on the way in, and RiQ gives a second opinion on the ones that are genuinely ambiguous.

You get to see and correct that mapping before anything is calculated. It is worth the thirty seconds: this is what decides whether an account lands in cost of sales or overheads, and every ratio downstream depends on it.

Forty-four of them, grouped so you can go straight to what you need.

• Statements — profit and loss, balance sheet, cash flow, equity, trial balance, common-size.
• Ratios and working capital — liquidity, leverage, returns, the cash conversion cycle, receivables and payables, inventory.
• Profitability — margins, revenue deep dives, expense structure and correlation.
• Forward-looking — trends, seasonality, forecasting, break-even and what-if, DuPont, credit risk, tax efficiency, anomaly detection.

RiQ sits on the loaded ledger, so it answers from the actual figures rather than in general terms. Ask why a margin moved, what is behind an expense line, or which months are carrying the year, and it can drive the dashboard to show you.

It also writes the narrative: a plain-English business report explaining what the numbers say, which is usually the part that takes longest by hand.

Board packs and PDF reports with your own branding, Excel exports for the figures, and chart images for a deck. A forensic audit view is there for the times you need to show your working rather than the conclusion.

Upload the working-papers file your practice already uses. PrepIQ works within it, so what comes back is in your format, your schedule order and your house layout rather than something you have to transcribe.

If you would rather see it work before committing your own, there is a default template to run against.

The trial balance and the general ledger for the year, exported from whichever platform the client is kept on. The ledger matters as much as the trial balance: it is what lets a figure be traced to the postings behind it rather than accepted as a total.

This is the step that decides how much comes back queried rather than resolved. Anything that answers a question a reviewer would otherwise raise is worth attaching.

• Stock count and valuation at the year end.
• Aged debtors and aged creditors.
• Bank certificates or closing statements for every account.
• VAT returns for the year and the control account.
• Payroll year end, P60s and the final submission.
• Invoices behind anything capitalised, hire agreements, insurance schedules, the engagement letter and fee.
• The client's own emails explaining the odd items. These are read as evidence like anything else.

It goes through the year the way a senior accountant would: agreeing the balances that must agree, building the reconciliation sheets, putting through the adjustments the evidence supports, and writing up what it did and why on each schedule.

Where the evidence does not settle something, it raises it rather than guessing, and drafts the query email to the client for you.

Read the file the way you would read a junior's. Every adjustment carries its reasoning and the figures link back through the schedules, so checking it is checking the work rather than re-doing it.

Anything you want changed goes back through Ask RiQ in plain English. When the file is right, sign it off and download the papers, along with the client query email if you need it.

It stays your file and your sign-off. The papers are prepared for your review, not filed on your behalf.