Run a management accounts service from the client’s ledger.

A management accounts service is an accountancy practice producing a client’s management accounts on a schedule, usually monthly or quarterly: a profit and loss against budget or last year, a balance sheet, cash, key ratios and a short commentary, so the owner can run the business on current figures rather than wait for the year-end accounts.

LedgerIQ produces the pack from the client’s general ledger. The practice reviews it, adds its own judgement and sends it in the firm’s brand.

Most packs open with a summary and the period’s headline figures, then the profit and loss, the balance sheet, cash and working capital, key ratios and trends, and a page of commentary. Some add a cash flow forecast, budget against actual or KPIs agreed with the client.

LedgerIQ’s report composer has Management Accounts and Board Pack templates, starting selections of modules you can add to or trim, so the scope in the engagement letter and the contents of the pack can match.

A full LedgerIQ analysis of one ledger is 1,000 credits, and reopening that dashboard later with View Financial Analysis is free; uploading the file again is a new analysis. Practice Essential (£78 a month) includes 50,000 credits a month, Practice Pro (£158) 150,000 and Enterprise (£398) 500,000. What the practice charges its clients is the practice’s own decision.

LedgerIQ reads the general ledger exports from Xero, QuickBooks Online, Sage 50 and Pandle, and reads an IQ Books ledger live, with no export. Other exports are not recognised.

Usually a sale or purchase, a shareholder joining or leaving, succession planning, raising finance, or a dispute such as a divorce settlement. The purpose matters: a formal valuation for a court, a tax return or a transaction is the work of a qualified valuer, while an indicative range is often enough to start a conversation about value or exit planning.

LedgerIQ’s business valuation module gives the practice that indicative range, with the workings, to build a business valuation service on.

LedgerIQ runs six, side by side: an EBITDA multiple; a seller’s discretionary earnings (SDE) multiple, for owner-run businesses; a revenue multiple; discounted cash flow; capitalisation of earnings; and net assets. It weights them by sector into one value, and runs a 10,000-iteration Monte Carlo simulation over the DCF inputs to show how wide the range really is.

In the UK, accountants commonly use the same methods for business valuation services, choosing the weighting that suits the business and the purpose.

Sometimes, but the multiple depends on the sector, the size, the risk and what “profit” means. LedgerIQ starts from sector ranges: for example 4.0 to 6.5 times EBITDA for professional services, 3.0 to 5.0 for construction and 8.0 to 15.0 for technology and SaaS businesses, across twelve sectors. It also scores exit readiness (growth, predictability, margin stability, cash generation, debt and more) to show why a business sits at the top or the bottom of its range.

It depends on the purpose and who does it. A formal, signed valuation report from a qualified valuer is priced as professional work. An indicative valuation inside LedgerIQ is part of the same 1,000-credit analysis that produces the management accounts, so a practice can offer one without a separate tool.

A board pack is the set of reports a company’s directors read before a board meeting: the results, the financial position, cash, the main risks and a commentary, so the meeting can spend its time on decisions rather than on finding the figures.

Yes. The full board pack (one click from the overview, or Full Board Pack in the composer) runs in this order: executive summary, risk flags (when there are any), RiQ’s executive commentary, profit and loss, balance sheet, key ratios, revenue against expenses, monthly performance, seasonality, revenue streams, expense mix, top expenses, cash and liquidity, then RiQ’s recommended actions and outlook. The composer’s Board Pack and Management Accounts templates are starting selections of modules you can add to or trim.

Yes. A brand profile holds the firm’s logo and name, a “prepared by” line, a six-colour palette, a choice of heading, body and figure fonts, and a cover page. Composer reports export as PDF, PowerPoint, Word, Excel, CSV or a web link.

Share a report as a link, open to anyone with it or private to the client. The client opens it from “Reports shared with you” and comments on it, and the practice answers and resolves. Links can be revoked. Reports can also be scheduled monthly, weekly or daily, as a fresh shareable link or by email.

Yes. A firm workspace has three roles: admins invite members and set roles, staff prepare and share reports, and clients see what is shared with them.

No. The statements and ratios are calculated from the client’s ledger with standard formulae, and forecasts, valuation ranges and RiQ’s commentary are estimates for the practice to review. What the practice tells the client is its own professional judgement.

The ledger is analysed in the browser. When RiQ explains a module, writes a narrative or gives a second opinion on account classifications, the figures and account names it needs are sent to our servers, and rendered, scheduled and shared reports are built and delivered from our servers.