Bookkeeping IQ

From the information available, the pricing structure is billed once a year, which requires a commitment upfront. The base plan costs sixty dollars and includes reading one hundred receipts per month, while higher tiers go up to one hundred fifty dollars for three hundred fifty parses. It is important to note that reading the books is always free, but adding a team member with edit access costs fifteen dollars per year. If you use the free twenty-five receipts, you can still type transactions forever. However, for those with heavy volumes, the caps might feel restrictive mid-month, even though manual entry remains unlimited. The proration for mid-year upgrades is a positive detail, but the annual billing cycle is a significant commitment for a small business.

I appreciate that they never ask for your banking login, avoiding the need for an aggregator. This approach feels more secure for entering statements manually.

The platform offers a bright bar that tracks revenue toward the thirty thousand dollar GST and QST small-supplier threshold. This feature resets every year, which helps users see exactly when they must register. It prevents the common issue of finding out too late. This clarity is essential for compliance.

Reading the available information, the service offering seems quite robust for accountants and small business owners who run multiple companies. The ability to keep every set of books at once, including personal finances and various operating or holding companies, is a strong feature. It is particularly useful that transfers between entities are paired and net to zero, never counting as expenses. The app reads receipts in about two seconds and spots recurring charges, which reduces busywork. However, one must verify if the free tier of twenty-five receipts is sufficient for long-term needs without upgrading. The fact that typing transactions is always free and unlimited is a nice safety net. Overall, it appears to be a solid tool for those needing multi-entity clarity.

It is reassuring to know that Bookkeeping IQ is built and supported from Montréal, Québec. The contact page invites users to send a question, a problem, or a feature wish, and states that the team will get back to you. This direct line of communication suggests that help is genuinely available when needed. For someone relying on their books to be accurate, knowing that a responsive team is just an email away provides significant peace of mind. It implies a level of care that automated systems often lack, ensuring that support is not just a ticket number but a real connection to the company's operations.