Automate subcontractor payment reconciliation, project cost coding, and CIS deduction tracking. Construction bookkeeping that keeps pace with your sites.
Every contractor knows these headaches. The volume of subcontractor payments, CIS complexity, and multi-site tracking make standard tools fall short.
Tracking 20% and 30% deductions across dozens of subcontractors each month. Reconciling what HMRC says versus what was actually paid. Errors mean penalties.
Hundreds of transactions per month across materials, plant hire, labour, and subcontractors. Manual coding takes entire days and errors cascade through reports.
Cost overruns surface too late. Retention payments get forgotten. You cannot tell which projects are profitable until the accountant finishes year-end.
Upload your bank statement. CodeIQ recognises subcontractor payments, materials suppliers, plant hire companies, and site expenses. It learns your chart of accounts and improves with every session.
Auto-detects CIS subcontractor payments and codes them with the correct net and deduction split.
Recognises builders merchants, timber suppliers, and aggregate companies from bank descriptions.
Identifies plant hire companies, tool suppliers, and equipment leases automatically.
Handles domestic reverse charge for construction services, applying the correct VAT treatment.
Automatically identifies inter-account transfers so they are not double-coded as expenses or income.
Learns from your corrections. The more you use it, the more accurate it becomes for your specific business.
Construction payment flows are complex. Certified amounts differ from invoiced amounts. Retentions are held back. Contra charges are deducted. ReconcileIQ handles all of it.
Upload your general ledger and get instant visibility into profitability, cash flow, and financial health across your construction business.
Gross and net margins per project, per client, per period. Spot underperformers early.
Predict cash positions factoring in retention release dates and staged payment schedules.
See exactly how labour, materials, plant hire, and overheads split across your business.
Flag unusual expenses, duplicate payments, or cost spikes before they become problems.
From sole trader bricklayers to multi-site main contractors. The IQ Suite handles the financial workflows specific to construction.
Reconcile all subcontractor payments against your CIS return data. Verify deduction rates, flag mismatches, and ensure your HMRC submission is accurate before the 19th.
Track retentions held and due for release. Match retention releases to bank receipts when they finally arrive months or years after practical completion.
Running three sites simultaneously? Code expenses to the right project automatically. No more end-of-month detective work across bank statements.
Match issued applications to certified amounts, then to actual bank payments. Identify short-payments, disputed amounts, and overdue invoices instantly.
Connect to the platforms construction businesses already use. CodeIQ posts coded transactions straight back, saving hours of manual data entry.
Director, Davies Building Contractors
"We used to spend two full days each month reconciling subcontractor payments and preparing the CIS return. With ReconcileIQ handling the matching and CodeIQ coding the transactions, we are done in under an hour. The time saving alone paid for itself in the first week."
A comprehensive UK guide covering CIS deductions, retention accounting, reverse charge VAT, and project cost reconciliation.
Compare ReconcileIQ, CodeIQ, and LedgerIQ side by side. See which combination fits your construction business.
Whether you are a sole trader plumber or a multi-site main contractor, The IQ Suite automates the financial admin that slows construction businesses down.
No credit card required. Plans from just £5/month.