ICAEW’s accredited software spans E-Commerce products to Property Management and Letting software and a host of others all designed for the accountancy industry. Each is rigorously individually evaluated and available from reputable companies.
The ICAEW Accreditation scheme gives peace of mind with access to reliable and independently evaluated software products.
All the products on the scheme have satisfied our robust technical evaluation criteria and are from companies that are financially sound and offer strong customer support. The scheme is fast becoming the benchmark for software used by accountants in both business and practice markets.
A full evaluation report is available to download for each product.
- Company Secretarial Software
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Software that allows for the preparation and submission of all Companies House forms as well as maintaining company registers.
Fundamentally, company secretarial software should:
- With full functionality, be a computerised equivalent of a traditional paper based Combined Register
- Produce statutory forms required to be filed with Companies House
- Track due dates for filing of forms and accounts
- Enable online filing of forms
It is also desirable that good company secretarial software should:
- Be easy to learn, understand and operate
- Make best practical use of available resources
- Accommodate limited changes to reflect specific user requirements
It is essential, when software is implemented, for appropriate support and training to be available.
- Data Validation Software
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Software that lets you analyse any business, generates easy to use reports to assess financial performance. The software catches errors and anomalies in any set of accounts, so you can fix mistakes before it's too late.
A good accounting data validation product or service should:
- Be capable of supporting the accounting data validation functions for which it was designed
- Provide facilities to ensure the completeness, accuracy, confidentiality and continued integrity of these functions
- Be effectively supported and maintained
It is essential, when any product or service is implemented, for appropriate support and training to be available.
The Validis products below are strong and user-friendly accounting data validation services supporting selected accounting packages which will assist in the identification of errors, anomalies and suspicious transactions.
- E-Commerce Products
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eProcurement services, using electronic means of sourcing and/or purchasing.
An eProcurement solution should:
- Promote efficiency within an organisation /government
- Improve commercial relationships with suppliers
- Reduce costs for suppliers dealing with the organisation/government
- Improve supply chain management
- Have a full electronic purchase to pay facility with order tracking, budget control and authorisation capability
- Be capable of supporting the functions for which it was designed
- Be effectively supported and maintained
- Be easy to learn, understand and operate.
It is essential, when any system is implemented, for appropriate support and training to be available.
The IT Index
The IT Index is a simple to use web based purchase ordering system that enables customers to obtain competitive prices on a wide range of computer products from a single source as a result of an automated daily data feed from a selection of mainstream UK based suppliers.
Access to The Index is provided free of charge to qualifying customers.
- Electronic Data Collection and Accounts Processing Software Evaluation
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BankLink
BankLink delivers solutions to assist accountants to automate and streamline their accounting process, providing the accountant with reliable and accurate client transaction data electronically. The BankLink Service is comprised of securely delivered, electronic data and BankLink Practice - accounting software that enables practices to process information, and produce timely, accurate financial reports for their business clients.
- Employee Expenses Management Products
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Expenses Management software - refers to the system and/or systems deployed by a business to process, pay, and audit employee-initiated expenses.
Good employee expense management software should:
- Permit efficient detailed submission of expense claims and automatically route them for authorisation and review in accordance with the prescribed company expenses policy
- Provide detailed reports to allow companies to determine spend patterns, benchmark category spending and permit fast payment to claimants
- Provide sufficient information to allow companies to meet their regulatory reporting obligations in respect of personal income tax and VAT
It is essential, when software is implemented, for appropriate support and training to be available.
GlobalExpenses v February 2010
This is a robust service incorporating high levels of system security and client service levels.
Further details of the information security management system document (ISMS) are available to prospective purchasers on request.
Data entry is straightforward and data integrity is high / risk of loss of data is low.
System is particularly suitable to organisations whose employees travel because data can be entered from anywhere web access is available.
Compliance with EEA VAT and UK income/corporation tax legislation is guaranteed.
Easily configurable to client reporting requirements.
Concur
Concur is a leading provider of integrated travel and expense management solutions. Concur has 2 major solutions, Concur Premier for larger companies where customisation and flexibility is a must, also has a solution for companies with less complex needs – Concur Breeze.
This evaluation only covers the Concur Premier solution.
- Document Management
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Systems designed to reduce the paperwork and reduce the time and cost of processing information.
Docusoft v6
DocuSoft is a well designed document management system, and has been sufficiently specified for its target market. It is easy to use, flexible in its approach and allows retrieval of documents quickly and efficiently, greatly enhanced by the availability of content searching facilities. A ‘flat’ menu structure and tool-tip text prompts aid user-friendliness.
Oasys Mail Manager v5.0
This package is a well designed and well specified email archiving software system
- Financial Products
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Financial accounting software, including online financial and forecasting software
Online financial products
accountsIQ
A well designed online accounts system.
Liberty Accounts
Liquid Accounts
Liquid Accounts is a strong and user-friendly system that is well supported by Liquid Accounts Ltd.
Netsuite
The system ledger design incorporating Sales, Purchase, and General Ledger together with very flexible SOP, POP and Stock system provides accuracy and a facility to produce audit trails and reports as required.
SAP
Suitable for companies with limited software & systems resources and who don't want a large IT department. The application has great flexibility and analysis capabilities and with SAP consultancy the system can be to personalised to suit the needs of the user.
Winweb
AccountingOffice is an online bookkeeping package (free of charge for single users), which includes the printing of invoices, holding of scanned invoices and bills and accepting transactions in foreign currencies.
Xero
Financial products
Access Accounts
The modular ledger design incorporating Sales Ledger, Purchase Ledger and General Ledger gives flexibility and accuracy with a facility to printout complete audit trails and reports as required.
Advanced Business Solutions
A well designed accounting package that is easy to use and relatively flexible in its approach.
CODA
A well designed accounting package that is easy to use and relatively flexible in its approach.
Coldharbour Systems
An integrated business package that uses a unified ledger design. The application has great flexibility and analysis capabilities, it is easy to use and the screens are generally self-explanatory, however, there is no on screen help available.
Corero Business Systems Ltd
A well designed accounting package that is easy to use and relatively flexible in its approach.
IRIS(Exchequer) v5
Intuit (Quickbooks)
The accounting package provides a comprehensive facility to change between VAT cash and accrual accounting methods and limited multi-currency. The combined ledger structure with additional functionality of payroll and time recording provides flexibility through integration with the Microsoft Office suite.
Mamut Software Ltd
Microsoft Business Solutions
Well designed and presented accounting packages that are supported by Microsoft Business Solutions and its network of Value Added Resellers. They are comparatively easy to use and relatively flexible in their approach through their configuration options.
Pegasus
The modular ledger design incorporating Sales, Purchase, and General Ledger together with very flexible SOP, POP and Stock system provides accuracy and a facility to printout complete audit trails and reports as required.
PS Financials
A strong and user-friendly system that is straight-forward to use.
Sage Software
Sage products have been competently written and are supported by Sage (UK) Ltd Accounting through a network of authorised business partners.
TAS Software
This accounting package provides limited multi-currency by holding transactions in base and foreign currency but there is no revaluation function. It has some customisable parameters and tables and the ability for users to tailor the documents produced.
TAS Books
A package for accountants and bookkeepers that has been competently written and are sold and supported by TAS Software directly. The software allows accounts and bookkeepers to import and update client data sets from all levels of TAS Books as well as creating new data sets as required.
Financial Products for Educational Establishments
Capita
Capita FMS version 6.138 is an integrated financial management system that has been specifically designed for schools and Local Authorities. The package is fully supported through Capita and by Local Authority units.
- Fixed Asset Management Products
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Asset management solutions to enable businesses to maximise the profitability of assets in their four distinct lifecycle phases: buying, tracking, managing and selling.
Assetware Manager v1
Asset management software that is well developed and uses common Microsoft technologies found in most companies. The product is easy to use and flexible, allowing end users to customise certain aspects of the application during the implementation phase.
Real Asset Management
- Other Financial Products
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Royal Bank of Scotland
FacFlow
Well-designed sales invoice discounting & factoring system that is supported by RBS Invoice Finance.
- Portfolio Administration Software
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Portfolio Administration software solutions should provide an efficient and effective means of managing an investors assets, providing the ability to manage the wide range of assets available to an investor.
- Practice Management Products
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Software designed to manage the operations of a professional practice or other organisation involved with providing time and expense-based services for clients.
Practice Management v8.4.5
A well designed practice management package that has been competently written and is supported by IRIS directly. It is relatively easy to use and learn and flexible in its approach, with the ability for users to adapt reports, timesheets, invoices and letter formats for their requirements.
APS Advance v.8
A comprehensive and flexible practice management solution, which uses standard Microsoft technologies. APS Advance uses a SQL database and provides flexible reporting.
Optionally, this can be further extended by use of an intelligent query tool (IQ) that accesses an integrated data warehouse of transactional data.
- Property Management and Letting Software
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Accounting software specifically designed for Property Management and Letting Companies.
CFP Software
A well designed product that adequately fulfils the needs for end users in this type of business and is sufficiently specified.
- Tax Products
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Taxation software, from personal and partnership tax through to corporate tax.
Digita
Digita Corporation Tax v6.0
A well designed corporation tax system that has been competently written, is easy to use and will satisfy the normal requirements of an accounting practice. On screen help is available to assist the user along with helpdesk support.
Digita Personal, Business and Trust tax v11.5
A well written and comprehensive software, intelligently developed to support the tax practitioner in delivering personal self assessment and partnership tax returns. In common with virtually all software, it does not seek to replace the practitioner’s own knowledge and experience, but its careful development is unlikely to lead the intelligent user astray. Overall, this is very competent software.
IRIS Software Limited
A well designed practice tax packages that have been competently written and are supported by IRIS directly. They are relatively easy to use and learn and are flexible in their approach, with the ability for users to adapt reports and to produce and send electronic tax returns.