The quick read
Key points
- List required reports and approval roles.
- Compare the same statement period in each product.
- Record unresolved gaps before migrating.
Write down the jobs to be done
List the records you need to maintain: bank and card transactions, loans, deposits, owner funds, receipts and reports. Separate essential tasks from conveniences. A product can offer a polished dashboard while leaving a particular handoff or approval outside its scope.
Prepare a small evaluation pack
Choose a completed statement period and remove sensitive details from anything you share with a vendor. Include a transfer, a mortgage split, a refund and an ordinary expense. Write down the expected balances and the documents that support them before evaluating a new workflow.
Follow an entry all the way through
Check import review, category and property assignment, duplicate handling, corrections and the resulting report. Ask how a collaborator gets access and how you export your records. Inspect totals rather than relying on the number of advertised features.
Compare the cost of the full process
Consider subscription cost alongside manual work, training and your accountant’s requirements. IQ uses a paid plan for books and tools. Statement uploads are supported; production bank feeds and Stripe tenant rent collection are not available. Confirm service availability before depending on it.
Before you finish
- List required reports and approval roles.
- Compare the same statement period in each product.
- Record unresolved gaps before migrating.
Keep your next step simple.
Use the product guide for the app workflow, or contact support with your question. Bookkeeping reports are not tax advice; review filing decisions with a qualified professional.