No. 03

Management accounts and financial analysis software

Name: LedgerIQ
Price: 5 GBP
Availability: OnlineOnly
Author: ReconcileIQ

LedgerIQ

One ledger in. A CFO’s brief out.

LedgerIQ reads a general ledger from any platform, or live from IQ Books, through 44 analysis modules, and RiQ writes the board pack.

Start free today ▶ View the plates No card · Free tier

LedgerIQ overview dashboard: months of trading, revenue, profit and health score with revenue versus expenses chart — The overview brief

LedgerIQ revenue forecast: backtested projection with actuals in solid, forecast dashed and a confidence band — Revenue forecast

LedgerIQ financial health scoring with Altman Z-Score and Piotroski F-Score — Health score

Analysis modules

Valuation methods

10,000

Monte Carlo runs

<60^s

Upload to analysis

§Altman Z-Score §DuPont decomposition §CVP break-even §Monte Carlo valuation §Holt-Winters forecasting §Piotroski F-Score §Anomaly detection §Board pack PDF §Altman Z-Score §DuPont decomposition §CVP break-even §Monte Carlo valuation §Holt-Winters forecasting §Piotroski F-Score §Anomaly detection §Board pack PDF

No. 01 Watch

A ledger in, a briefing out

A ledger goes in. Statements, ratios, forecasts and the RiQ narrative come out.

One question, answered properly

An animated short. A coffee roaster asks whether it can afford a second roastery, and LedgerIQ answers it the way a finance director would: the tests, the forecast, two thousand simulated years and the follow-up question.

The Question▶ Watch the storyTwo minutes. Best with your phone turned sideways.

Watch it full screen

No. 02 The plates

Not mock-ups. Output.

Real screenshots from a live session — the same screens you get about a minute after upload.

LedgerIQ — The overview brief — Fig. 01The overview brief. Upload a GL and the front page writes itself — headline, health score, cash & runway, where the money goes.

LedgerIQ financial health screen: Altman Z-Score and Piotroski F-Score gauges combined into a single health score with the reasoning listed — Fig. 02Financial health. Altman Z-Score and Piotroski F-Score composited into one score — and the reasoning behind it.

LedgerIQ revenue forecast chart: actual revenue as a solid line, projection dashed, inside a shaded confidence band — Fig. 03Revenue forecast. An honest backtested projection — fact in solid, forecast dashed, with a confidence band and its method in plain English.

LedgerIQ — Revenue insights — Fig. 04Revenue insights. Streams, concentration and momentum — where the top line really comes from.

LedgerIQ — Revenue growth — Fig. 05Revenue growth. Month-on-month and year-on-year growth, the trend read for you.

LedgerIQ — Expense structure — Fig. 06Expense structure. The story of your spend: fixed vs variable, category mix, and where to act first.

LedgerIQ — Expenses over time — Fig. 07Expenses over time. Every cost line tracked monthly — spikes and quiet creep both surfaced.

LedgerIQ — Break-even & CVP — Fig. 08Break-even & CVP. Break-even point, safety margin, operating leverage and a cost-volume-profit map with you marked on it.

LedgerIQ — Break-even, in numbers — Fig. 09Break-even, in numbers. The full cost-volume-profit breakdown sitting behind the map.

LedgerIQ — What-if CVP — Fig. 10What-if CVP. Move price, volume or cost and watch break-even and profit respond live.

LedgerIQ — Working capital — Fig. 11Working capital. Receivables, payables and inventory — the cash tied up in simply running the business.

LedgerIQ — Cash runway simulator — Fig. 12Cash runway simulator. How long the cash lasts under your assumptions, the tight spots flagged early.

LedgerIQ — Cash conversion cycle — Fig. 13Cash conversion cycle. The days it takes to turn spend into cash, benchmarked.

LedgerIQ DuPont decomposition: return on equity broken into net margin, asset turnover and financial leverage — Fig. 14DuPont decomposition. Return on equity broken into margin, asset turnover and leverage.

LedgerIQ — Investment & returns — Fig. 15Investment & returns. Return on assets and capital measured against what's been put in.

LedgerIQ — Industry comparison — Fig. 16Industry comparison. Your ratios set side by side with sector benchmarks.

LedgerIQ — Productivity — Fig. 17Productivity. Revenue and profit per head — output measured against cost.

LedgerIQ — RiQ, your analyst — Fig. 18RiQ, your analyst. Ask in plain English — RiQ navigates the modules, pulls the figures and explains them, every number click-to-verify.

No. 03 In this issue

General ledger analysis, in 44 modules

Forty-four modules. Every plan. One upload. Profitability ratios, liquidity ratios and leverage, DuPont analysis, break-even analysis, the Altman Z-Score, the cash conversion cycle and business valuation, all from the same general ledger.

Core statements · 7

Trial balance
Profit & loss
Balance sheet
Cash flow statement
Changes in equity
Common-size P&L
Common-size balance sheet

Ratios & efficiency · 9

Liquidity ratios
Debt & leverage
Return ratios
Working capital
Cash conversion cycle
Receivables
Payables
Inventory
Productivity

Trends & forecasting · 7

Ratio trends
Key P&L trends
Key balance sheet trends
Metrics trend
Seasonality
Revenue forecasting
Budget vs actual

Advanced analysis · 11

DuPont analysis
Altman Z-Score
Piotroski F-Score
Break-even analysis / CVP
What-if CVP scenarios
Capital structure
Credit risk & lending
Tax efficiency
Anomaly detection
Health scoring
Asset management

Revenue & cost · 5

Revenue insights
Margin analysis
Profitability analysis
Expense structure
Expense correlation

Exports · 4

Board pack PDF
Excel export
Chart images
Business report

Assurance · 1

Examination pack

44 modules · included on every plan · established formulae throughout

No. 04 The copilot

RiQ reads the numbers with you

Not a chat box bolted on — an analyst with its hands on the controls.

No. 01

It works the problem

Ask a question and RiQ runs a real investigation — opens modules, drills accounts, checks its own findings, then answers.
No. 02

Every figure, verifiable

Numbers in RiQ’s answers carry a verify chip — click one and it drills into the exact transactions behind the figure.
No. 03

Ask RiQ, everywhere

Every module and every sub-view carries an Ask RiQ button, pre-briefed on exactly what you’re looking at.
No. 04

It writes the board pack

Exports ship with RiQ commentary on each statement, recommended actions and an outlook — grounded in your figures.
No. 05

It speaks up first

Breached targets and patterns worth chasing surface as quiet nudges — before you thought to ask.
No. 06

It drives the dashboard

Navigation, filters, what-if assumptions, recomputes — RiQ operates the same controls you do, visibly.

LedgerIQ RiQ copilot answering a question in plain English, having opened the relevant module and pulled the figures — Fig. 19 **RiQ, on the case.** Ask in plain English — RiQ opens the modules, pulls the figures and shows its working, every number verifiable.

§ Why we mean it

The GL knows.
You should know first.

“If LedgerIQ can’t show you something you didn’t already know about your own books, it isn’t doing its job.”

Proactive

Every module runs on upload. The three things worth worrying about surface before the meeting starts.

Established method

Altman, Piotroski, DuPont, CVP — the formulae analysts and lenders already trust.

Board-ready

One-click PDF board pack. Walk in with the briefing already printed.

Run your GL · free → No card · 44 modules · ten-minute test

No. 05 Method

Three steps. No integration.

Step 01 · Export

Any platform

CSV or XLSX from Xero, QuickBooks, Sage, Pandle — anywhere a GL can leave the building.

Step 02 · Upload

Enrich in seconds

Accounts are classified automatically; RiQ asks about anything ambiguous.

Step 03 · Read

44 modules

Dashboards, forecasts, the valuation, the anomalies — and the PDF board pack.

Your ledger stays yours. Analysis runs client-side in your browser; transfers are AES-256 encrypted and session data is purged after analysis — nothing is kept unless you save a snapshot.

No. 06 Native in IQ Books

LedgerIQ has three siblings. They're all native in IQ Books.

Each tool takes over at a different point. Start where your books are.

Bank Reconciler

Bank to books, matched

Statement reconciliation at 5,000+ transactions a second — any bank, any format.

Explore Bank Reconciler → CodeIQ

AI bookkeeping, end to end

Codes, classifies VAT, matches invoices and posts back to Xero, QuickBooks, Sage or Pandle.

Explore CodeIQ →

LedgerIQ

Board-ready analysis

44 analysis modules from a GL export, with RiQ writing the plain-English narrative.

You are here

PrepIQ · practice plans

Year-end working papers

The full working papers set from a client’s records — every figure cell-linked.

Explore PrepIQ →

See the whole Suite

No. 07 The price of admission

From £5 a month

Every plan includes Bank Reconciler, CodeIQ and LedgerIQ, and the practice plans add PrepIQ. A full report costs 1,000 credits.

Win the client in the first meeting

Prospect sends the GL on Tuesday; you walk in Wednesday with their numbers, analysed.

LedgerIQ for practices

Correspondence

Frequently asked

What is LedgerIQ?

Financial analysis and financial reporting software in ReconcileIQ. It turns a raw general ledger export into a financial dashboard of statements, ratios, forecasts and reports in under a minute.

What are management accounts?

The reports a business runs itself on during the year: profit and loss, balance sheet, cash flow and the key ratios, usually monthly, laid out for decisions rather than for Companies House. LedgerIQ builds them from a general ledger export.

What is the difference between management accounts and financial accounts?

Financial accounts are the statutory year-end accounts, prepared to an accounting standard and filed. Management accounts are internal, as frequent as you like, and built to answer questions: where the margin went, how long customers take to pay, whether the business can afford the next hire. LedgerIQ does the management accounts.

Does Xero do management accounts?

In part. Xero's reports include a profit and loss, a balance sheet and a customisable management report, so you can assemble a pack yourself. LedgerIQ starts where those stop: from Xero's general ledger export it builds the statements, 44 analysis modules of ratios, trends, cash conversion and forecasts, and a written board pack, in under a minute. It works the same way on an export from QuickBooks, Sage or any other system.

Can ChatGPT do financial analysis?

It can explain a ratio or comment on figures you paste in, but it works only from what you give it, does not check that the ledger balances, and can miscalculate or invent a number. LedgerIQ calculates every statement and ratio directly from the transaction-level ledger, so the figures tie to the books, and RiQ then writes the explanation on top of those calculated figures. The numbers come from the ledger, not from a language model.

What are the main financial statements?

Usually five: the profit and loss account (or income statement), the balance sheet, the cash flow statement, the statement of changes in equity, and the notes that explain them. The trial balance sits underneath all of them. LedgerIQ draws up the first four, the trial balance and common-size versions of the profit and loss and balance sheet from one general ledger export.

Does it work with my software?

Yes. If you can export a general ledger (nominal ledger, account transactions or GL detail) as CSV or Excel, LedgerIQ can analyse it: Xero, QuickBooks, Sage, Pandle and more.

How much does it cost?

1,000 credits per full report. Starter (£5/mo, 5,000 credits) covers five analyses a month; Accountant (25,000) covers twenty-five.

Is my data secure?

Yes. AES-256 encryption throughout, and detailed transaction data isn’t kept beyond the session unless you save a snapshot.

Can I download reports?

Yes. Financial reporting comes out as PDF board packs, Excel exports and chart images for any module.

Do I need accounting knowledge?

No. Every metric comes with a plain-English explanation, and RiQ guides any data enrichment.

How often can I upload?

As often as you like, with no upload limits. Most users run it monthly; some weekly.

Does it work with Bank Reconciler and CodeIQ?

Yes. Every plan includes Bank Reconciler, CodeIQ and LedgerIQ, and IQ Books holds the ledger: Bank Reconciler proves the data, CodeIQ codes it and LedgerIQ reads it. The practice plans add PrepIQ, which prepares the year-end set. One set-up covers the suite.

Can LedgerIQ produce management accounts?

Yes. From one general ledger export it builds the management accounts: profit and loss, balance sheet, cash flow statement, budget against actual, ratios and trends, each explained in plain English. Upload each month and you have monthly management accounts without building a template.

Does LedgerIQ create a board pack?

Yes. The board pack is a PDF of the statements, the key ratios, the risks RiQ flagged and a written narrative of the period, ready to send as the board report before the meeting.

Can LedgerIQ value a business?

Yes. It works like a business valuation calculator fed by the actual ledger: six business valuation methods and a Monte Carlo simulation of 10,000 runs, so you see a range and the assumptions behind it rather than a single number. For a quick estimate from your own figures, try our free business valuation calculator.

How does LedgerIQ compare to Fathom or Syft?

Fathom and Syft pull summarised balances from a live Xero or QuickBooks connection; LedgerIQ reads the transaction-level general ledger export from any system, so it runs on clients you haven’t onboarded, drills to individual entries, and adds valuation, forecasting and a written board pack. No integration or admin access required. See our Fathom alternatives comparison.

The closing entry

Your ledger is already telling the story

Upload it once and read all 44 chapters with RiQ narrating — or keep the ledger live in IQ Books, always current.

Start free today Back to the plates

No card · no set-up · 1,000 credits per full report

The platform behind LedgerIQ

Analysis is better when the ledger is yours.

LedgerIQ turns any general ledger into board-ready analysis. Inside IQ Books the ledger is native and always current — so the numbers you analyse are the books you keep, coded and reconciled, with no export in between.

Move a client onto IQ Books and LedgerIQ reads the live ledger directly — and their history comes with them, so the trends start full, not empty.

Meet IQ Books See it vs Xero & QuickBooks