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ICAEW Accredited Software

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.

Accreditation scheme

If you wish to accredit your software please see our accreditation information for software companies section

Find out how to join the scheme
ICAEW's 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.

Accounts Production / Final Accounts Software

Fundamentally good accounts production software should:

  • be capable of supporting the account production functions for which it was designed
  • provide facilities to ensure the completeness, accuracy and continued integrity of these account production functions
  • be effectively supported and maintained to the latest standards and legislation.

It is also desirable that good accounts production software should:

  • be easy to learn, understand and operate
  • make best practical use of available resources
  • accommodate limited changes to reflect specific practice and client requirements
  • a good audit trail.

It is essential, when SaaS software is implemented, for appropriate support and training to be available.

Sage Software

Sage Final Accounts Online
Sage Final Accounts Online has been built in conjunction with a panel of accountant and bookkeeper design partners, tasked with tailoring it to the best possible experience for the end-user.
It allows accountants to file year end accounts for small business clients from multiple devices at any location as data can be accessed and edited remotely.

Sage Accounts Production
Sage Accounts Production is suitable for accountants who want a simple solution to stay up to date with the latest compliance changes. It covers Sole Traders, Partnerships and Limited Companies; includes management reporting; an HMRC-recognised iXBRL tagging solution; integrates with Sage software and 3rd parties; and is FRS 102 standard compliant.

Sage Accounts Production Advanced
Sage Accounts Production Advanced is dsigned to meet the needs of those practices with complex requirements. The system allows for the rapid production of compliant statements with minimum fuss, proving standard formats for a wide range of business types including: Sole Traders, Partnerships, Micro-Entities, Limited Companies, Groups, LLPs, Charities, Pensions, Clubs, Doctors & Farms.
As well as providing year-end accounts the application has a range of additional reports; allows Companies House web-filing; allows client data to be entered directly or populated automatically from Sage 50 Accounts; and ca be used on its own or as a part of an integrated practice suite.

IFRS SYSTEM Software

IFRS System
IFRS SYSTEM Financial Reporting Software is an application that automates the accounts production (statutory financial reporting) process and produces FRS 101, FRS 102, IFRS and IFRS SME compliant accounts (financial reports) complete with ‘notes to the financial statements’. In addition IFRS SYSTEM also generates a range of auxiliary outputs intended to improve the audit process.
IFRS SYSTEM is primarily developed for, and used by, companies or entities that have a statutory audit obligation under a relevant Companies or Corporations Act.

Business Management Software

Business Management Software is often a modular solution that can be built and grown around each company's specific requirements. Examples of these modules will be, stock control, warehouse management, sales & purchase order processing, eCommerce management, financial management, etc.

Wise Software Ltd

OrderWise
OrderWise is able to provide companies with a single end to end software solution in both commercial and financial business management. It includes the option to have an integrated web site, multi-channel web integrations and listings, order processing management, mobile warehouse management and accounts.

Khaos Control

Khaos Control is a part of a comprehensive end to end business management solution range for SMEs and larger organisations, including order processing, purchasing, stock control, warehouse control and accounts, as well as integration with their own eCommerce solution or 3rd party web integration.

E-Commerce Software

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.

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.

The solutions rely on Mercato technology which was developed by the company to manage, aggregate and analyse product stock and pricing data from disparate sources.

Access to The IT Index is provided free of charge to qualifying customers. 

Seamless

Seamless is a web based food ordering and billing platform. It was founded with businesses in mind rather than the consumer market. Specifically, it is a business system to order lunch or overtime (out of normal hours) meals for delivery from restaurants or corporate caterers and to eliminate costs through better control of spend and more efficient process.

Employee Expenses Management Software

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.

Concur

Concur (a SAP company) is a leading provider of integrated expense, invoice, travel and risk management solutions for companies of all sizes.

Concur streamlines and automates the expense reporting, travel booking, and accounts payable processes for an organisation through an interconnected and open platform that enables business to see all sources of their spend, and links with partners to access even more data for robust analysis that enables better decision making.

Concur provides software automation and tools that can be accessed from anywhere and are meant to eliminate the paper-based processes. Concur also offers a wide range of extended services.

  • Download the full Concur Premier Release June 2017 evaluation report
  • Learn more on their website or the SAP Concur blog
  • Enterprise Tax Software

    UK VAT – Tax Engine software should automate and centralise the processing of VAT and other transaction type taxes on both sales and procurement transactions.

    Companies adopt tax engines because these systems contain the necessary tax logic and data for accurately calculating and reporting transaction taxes such as Valued Added Tax (VAT). In a typical ERP or other financial system this tax data content is not included, so leaving the maintenance and updating of the system as a burden for the user. The automation of transaction tax calculation and reporting provides a higher level of consistency, risk management, transparency and assurance when compared to an ERP or other financial system.

    Financial Forecasting and Budgeting

    Financial forecasting and budgeting software should:

    • Be capable of supporting the forecasting and budgeting functions for which it was designed
    • Remain current with compliance requirements in the business communities in which it functions.
    • Provide facilities to ensure the completeness, accuracy, confidentiality and continued integrity of these financial forecasting and budgeting modelling functions.
    • Be effectively supported and maintained.
    Financial Products Software

    Financial accounting software, including online financial and forecasting software

    Online financial products

    AccountsIQ

    AccountsIQ Enterprise – is a Cloud Accounting application for delivery over the Internet. Suitable for small to enterprise level businesses with complex group consolidation requirements. It is designed primarily as a full online accounting solution for accountants and Business Process Outsourcers as a platform for offering accounting services to their clients.

    Netsuite

    NetSuite provides a Software-as-a-Service (SaaS) based unified package comprising key Accounting/ERP, CRM, and ecommerce capabilities. In addition, the company provides a hosted application development platform for solution customisation, and sector and function- specific solutions.
    NetSuite’s claims their SaaS solution integrates front office processes such as customer acquisition, with back office processes, such as inventory and order management, and provides real time dashboard-based KPI reporting across processes, together with full audit trails.

    QuickBooks Online

    QuickBooks Online bring extensive bookkeeping capabilities to small business users in an easy-to-use design that does not require customers to be familiar with debit/credit accounting say Intuit.
    QuickBooks products aim to address the needs of small businesses that are project, job or time based, that require a multi-user product and/or multi-currency.
    Intuit say the QuickBooks Online Range is not designed for larger companies with highly functional, multi-user and multi-currency requirements or for those companies requiring full order processing and stock control.
    Time recording system and a payroll system are offered as chargeable additions; which seamlessly integrate in real‐time with the accounting system.

    Sage One Accounts Extra

    Sage One is an online accounting and payroll service aimed and marketed to micro and small businesses (i.e. sole traders up to businesses employing 10 to 15 people) directly and via Accountants, banks and various other sales channels.
    The web interface is simple and clear in design and the language used makes it much more accessible for ‘non-accountants’, although most small businesses will either contract an Accountant or Bookkeeper.  Accountants can access extended features such as Accounts Production and collaboration tools and are able to view and manage their clients’ accounts online.

    Download the full Sage One Accounts (Extra) evaluation report

    SAP Business One

    SAP Business One offers an affordable way to manage an entire business – from sales and customer relationships to financials and operations. It helps companies streamline processes, act on timely information, and drive profitable growth.
    SAP Business One is designed with flexibility in mind and can be deployed on premise or in a cloud delivered in a ‘Partner Managed Cloud’ (PMC) or directly by SAP themselves. It can be accessed any time and from any place using the mobile app.

    Surfaccounts is aimed at small business owners who want a simple yet comprehensive accounts package in the cloud. Surfaccounts has introduced CRM, Stock Control and Payment Processing along with an API to allow third party integration. Time management and expense modules are due to be added.
    Surfaccounts has also developed a mobile app version which will allow a business to add contacts/customers; raise orders/quotes and invoices as well as scan and record expenses.

    On-premise financial products

    Access Accounts

    Dimensions from Access is a business management software suite aimed at medium and large companies, to help organisations to co-ordinate their whole business. They cover every major area of business activity, from core financials and project management through to CRM, e-business, manufacturing and distribution.
    Dimensions financials sits at the core of Access’ product portfolio, is available as multi-company and multi-currency and a consolidation module is available for larger group companies.
    Customers can also add on modules such as Document Management, Business Intelligence and integration with Microsoft Office.

    Intuit

    QuickBooks bring extensive bookkeeping capabilities to small business users in an easy-to-use design that does not require customers to be familiar with debit/credit accounting say Intuit.
    QuickBooks products aim to address the needs of small businesses that are project, job or time based, that require a multi-user product and/or multi-currency.
    Intuit say the QuickBooks range is not designed for larger companies with highly functional, multi-user and multi-currency requirements or for those companies requiring full order processing and stock control.
    Time recording system and a payroll system are offered as chargeable additions; which seamlessly integrate in real‐time with the accounting system.

    QuickBooks Premier

    QuickBooks Pro

    Khaos Control

    Khaos Control is a part of a comprehensive end to end business management solution range for SMEs and larger organisations.
    The software includes order processing, purchasing, stock control, warehouse control and accounts. Integration with their own eCommerce solution or 3rd party web integration is available. Multi-channel integrations with the likes of Amazon and eBay for both order processing and stock level management come as standard.
    The product range also includes Khaos Control Cloud which is based on the same technologies, offering a web interface to Khaos Control for users on the go or for smaller organisations who don’t require the full functionality of Khaos Control.

    PS Financials

    PS Financials is a multi-currency, multi-dimension, unified ledger system. A unified ledger means that there is no requirement for reconciliation processes, and that analysis and reporting is achieved without the need for complex database table joins.
    PS Financials has benefited from significant investment with much of the development being focused on more advanced accounting functionality and improvements in ease of use, administration and change. Key development areas have been the introduction of unlimited dimensions, ledgers, values and budgets; consolidation; role based security; creation of sector specific reporting packs; accreditation for the HMRC Gateway; and the introduction of new modules including Recurring Income Management, Direct Debits, Document Automation, Workflow, and Portal.

    Sage Software

    Sage products have been competently written and are supported by Sage (UK) Ltd Accounting through a network of authorised business partners.

    Sage Line 50
    Sage offer a range of financial solutions for self-employed, professional, sole traders or owners, bookkeepers or accountants working for growing businesses through to financial directors of large organisations. Sage 50 Accounts Professional is aimed at SMEs using between 1 to 20 workstations. The Sage Accounts range consists of Accounts, Accounts Plus, Accounts Professional (formally called Financial Controller) and Client Manager (used by accountants). Sage Instant Accounts is a single user system and Sage Instant Accounts Plus is a 2 user system.

    The different versions cover a mix of financials and commercials and include bill of materials and fixed assets.

    Sage Line 200
    The Sage 200 Suite of business software helps organisations with an average of between 20-200 employees and a typical turnover of £1m-£50m to co-ordinate their whole business: from customer-facing systems, such as sales and service, through back-office processes, including accounting and project management; to activities such as retail/wholesale, construction and manufacturing.

    Wise Software Ltd

    OrderWise is able to provide companies with a single end to end software solution in both commercial and financial business management. It includes the option to have an integrated web site, multi-channel web integrations and listings, order processing management, mobile warehouse management and accounts.

    Online Financial Controls and Automation Software

    Blackline

    Financial reconciliation management
    BlackLine Finance Controls and Automation Platform consists of modules spanning finance and accounting processes that are typically performed during the financial 'close'.The platform also extends to purpose-built solutions for business process including intercompany, financial transformation, controls assurance, and a comprehensive reconciliation solution.

    Personal and Corporation Tax Software

    Software that assists individuals or companies prepare and file income, corporate and tax returns.

    Sage Software

    Personal & Partnership Tax
    Sage Taxation is aimed at accountants in practice, managing a portfolio of individual and partnership clients.
    It creates personal and partnership tax returns, files online or on paper to HMRC, includes administration functionality for management reporting and integrates with other Sage products as part of a practice suite for accountants.

    Corporation Tax
    Sage Corporation Tax is suitable for accountants in practice, managing a portfolio of company clients. It delivers a simple and flexible solution covering the compliance needs of companies needing to file the CT600, A, C, E and J forms with HMRC
    It also delivers iXBRL capabilities, files online to HMRC with paper copies available for client approval. It includes basic administration functionality for management reporting, it imports data from Sage Accounts Production products, and supports UK and overseas trading and property businesses, together with Investment Management activities.

    Portfolio Administration Software

    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.

    Property Management and Letting Software

    Accounting software specifically designed for Property Management and Letting Companies.

    REAPIT

    RPS Client Accounting
    'RPS is suitable for estate agents for residential sales, lettings, property management and accounts, rural and agricultural, commercial, auctions, private buying and land and new homes. Client
    Accounting (the subject of this evaluation) is an option offered to clients.Output from RPS can be read in a back office accounting system.