CodeIQ vs AutoEntry
CodeIQ codes your bank transactions with a 10-phase AI pipeline. Sage AutoEntry captures invoices and receipts with OCR. They solve fundamentally different problems.
Here's what each tool actually does — and where they overlap.
Different tools for different jobs
This isn't a "which is better" comparison. They do different things.
Bank transaction coding
Upload a bank statement. AI codes every transaction to the right nominal account, classifies VAT, detects transfers, matches invoices. Posts back to your platform. The entire bookkeeping workflow — automated.
Invoice & receipt capture
Snap a photo of a receipt or forward an invoice PDF. OCR extracts the data — supplier, amount, date, line items. Publishes to your accounting software. Data capture, not bank coding.
AutoEntry doesn't code bank transactions
This is the single most important distinction. AutoEntry can extract data from bank statement PDFs — but it won't tell you where to post them.
- Auto-assigns nominal account codes
- Classifies VAT per transaction
- Detects transfers between accounts
- Matches invoices to payments
- Posts coded transactions to platform
- Extracts transactions from PDF via OCR
- No automatic nominal code assignment
- No VAT classification for bank lines
- No transfer detection
- Manual "fast-coding" dropdown per line
AutoEntry's own docs confirm: "AutoEntry doesn't allocate any nominal codes for bank statements automatically." Coding is done manually via their fast-coding dropdowns.
Where AutoEntry excels
Credit where it's due. For invoice and receipt capture, AutoEntry is a mature, proven tool.
Invoice & Receipt OCR
Snap a photo on mobile, forward an email, or drag-drop a PDF. OCR extracts supplier, amounts, dates, line items. Proven accuracy on structured documents.
Auto-Publish Rules
Correct a supplier once and AutoEntry remembers. Future invoices from that supplier auto-categorise and publish to your accounting software without review.
Supplier Statement Reconciliation
Upload a supplier statement and AutoEntry auto-matches it against invoices already processed. Find missing invoices, flag discrepancies.
Purchase Order Matching
Match processed invoices against existing POs in QuickBooks, Xero, or Sage 50. Supports multi-PO to single invoice matching for consolidation.
Mobile Capture On-the-Go
Dedicated iOS and Android app. Snap receipts in the field, batch-upload up to 50 at once. Clients can upload directly to their own AutoEntry inbox.
What CodeIQ does
that AutoEntry can't
10-Phase AI Coding Pipeline
Every bank transaction runs through transfer detection, invoice matching, historical patterns, universal patterns, MCC, semantic AI, VAT, and user learning. AutoEntry has no equivalent.
Semantic AI Understanding
Local embedding model understands meaning. "SHELL PETROL STATION" maps to Motor Vehicle Expenses without needing a prior rule. AutoEntry uses exact rule matching only.
UK VAT Intelligence
Full VAT classification on bank transactions — Standard, Reduced, Exempt, Zero-Rated. Maps to platform codes. AutoEntry only suggests VAT on invoices, not bank lines.
Transfer Detection
Automatically identifies matching equal-and-opposite amounts across bank accounts within a time window. AutoEntry has no concept of inter-account transfers.
Crowd-Sourced Universal Patterns
3,500+ anonymised merchant patterns contributed by all CodeIQ users. Code transactions you've never seen before on day one. AutoEntry's rules are per-user only — no network effect.
MCC Category Matching
Uses Merchant Category Codes from card transactions. 3,000+ merchant database. AutoEntry doesn't process card MCC data at all.
RiQ AI Second Opinion
After the pipeline runs, an AI review layer catches low-confidence codings and suggests corrections. AutoEntry has no equivalent review pass.
10 Concurrent Client Sessions
Process 10 clients simultaneously in separate tabs. Each finishes in ~2 minutes. AutoEntry processes documents in a queue, not parallel client sessions.
User Learning Loop
Every correction you make is stored and applied to all future bank statement runs. AutoEntry has rules for invoices, but no learning loop for bank transaction coding — because it doesn't code bank transactions.
Different pricing, different units
AutoEntry charges per document. CodeIQ charges per transaction. They're measuring different things.
5,000 credits included. Each bank transaction costs ~1 credit. That's 5,000 coded bank transactions per month.
50 credits included. Invoices cost 1-2 credits each. Bank statement pages cost 3 credits each.
AutoEntry is not included in Sage subscriptions. It's a separate paid add-on on top of your Sage licence.
Feature-by-Feature
The full comparison at a glance.
Who should use which?
Or use both. They're complementary, not competing.
Choose CodeIQ if you...
- Need bank transactions coded automatically
- Want VAT classified on bank lines
- Have backlogs of uncoded transactions
- Process multiple clients simultaneously
- Want AI that understands meaning, not just rules
Choose AutoEntry if you...
- Need to capture invoices and receipts at scale
- Want mobile receipt capture on the go
- Need supplier statement reconciliation
- Want PO matching for purchase invoices
- Clients send you paper/photo receipts
Use both? AutoEntry captures your invoices and receipts. CodeIQ codes your bank transactions and matches them to those invoices. They solve different halves of the same problem.
Frequently Asked Questions
What is Sage AutoEntry?
Does AutoEntry automatically code bank transactions?
Can I use CodeIQ and AutoEntry together?
Does AutoEntry classify VAT on bank statement lines?
Is AutoEntry included in Sage subscriptions?
How many accounting platforms does CodeIQ support?
Ready to code
your bank transactions?
Try CodeIQ free. Upload a statement, see it coded in under 2 minutes.
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