# Financial IQ > Financial IQ (iPhone/iPad app by Smith & Johnson Ltd.) - Source: https://appshunter.io/ios/app/financial-iq/id6749616615 (this page in markdown: same URL + `.md`) - Developer: [Smith & Johnson Ltd](https://appshunter.io/developer/1831356212) - Category: Business, Finance - Price: Free - Age rating: 4+ - Requires: iOS 16.4 · 72 MB - Languages: American English - Released: 2025-08-15 - Data updated: 2026-10-23 ## What is Financial IQ? Financial IQ: real accounting for UK small businesses, and a clear picture of your own money, on your phone. Financial IQ is built to be so good you do not need an accountant for the routine work: invoicing, bookkeeping, reconciliation and VAT. Complex tax planning and strategic advice are still a job for a professional, but the everyday running of your business finances belongs in your own hands. WHAT YOU CAN DO Invoicing: create and send professional invoices in seconds, complete with VAT and the cost centre, project or fund coding your accountant already set up for you. Bank feeds: connect your business bank accounts and watch transactions flow in automatically, ready to categorise. Receipts: snap a photo or forward an email and Financial IQ reads the receipt, matches it to a transaction and files it. Mileage: log business trips as you go and see your HMRC mileage claim build in real time. Reports: check your revenue, profit and margin for this month and year to date, with a six month trend so you can see where the business is heading. Multi-company: switch between every business or client you manage from one account. BUILT FOR THE UK Financial IQ speaks HMRC's language. Making Tax Digital, VAT returns and UK accounting standards are built in from the ground up, not bolted on. YOUR DATA, PROTECTED Bank-level encryption and secure cloud sync keep your financial data safe, wherever you are. Financial IQ Corporate is the mobile companion to the full Financial IQ platform. Sign in with your existing account to pick up right where you left off. YOUR PERSONAL MONEY Switch to your Personal space to see your net worth, accounts, spending, budgets, bills, cashflow, debts, goals and your tax position in one place. Personal is free. Live bank feeds (£1.99 a month per feed) and your Self Assessment tax return are optional in-app purchases. SUBSCRIPTIONS AND PURCHASES Live bank feed subscriptions renew monthly until you cancel them in your Apple ID settings. Payment is taken from your Apple ID when you confirm the purchase. Terms of Use (EULA): https://www.apple.com/legal/internet-services/itunes/dev/stdeula/ Terms of service: https://www.financialiq.co.uk/terms Privacy notice: https://www.financialiq.co.uk/privacy ## Is Financial IQ safe? Not enough ratings yet to assess Financial IQ. ## Is Financial IQ legit? Financial IQ appears legitimate, with a few gaps. The AppsHunter Legitimacy Score for Financial IQ is 73 out of 100 points across 7 verification signals from App Store and developer data. ## Version history (last 5 releases) ### 3.1.0 — 2026-10-20 Your personal money is now in the app. • A Personal space alongside your business: switch between them from the top of the screen. • Home shows your net worth, cash, what is safe to spend and the next 30 days. • Money: activity, accounts, income, budgets and bills. • Plan: cashflow, net worth, debt payoff and goals. • Tax: your take-home pay, the income you need and your Self Assessment position. • Add live bank feeds or your tax return from the app. The app is now called Financial IQ. ### 3.0.4 — 2026-10-07 Bank statements and other records you keep for reference now open straight away. Receipts and documents are shown as a full page, so you can read the whole thing. Choosing a category is quicker: everyday costs come first, with sales and balance sheet accounts set apart and a check before you use one. Clearer messages when something can't be done, and Settings now shows your app version. Plus smaller fixes and improvements. ### 3.0.3 — 2026-09-18 Receipts and paperwork • Photograph a receipt and it uploads straight away, and the picture is kept the right way up. • A receipt that could not be sent is now shown clearly, with a way to try it again or remove it. • Email receipts and invoices in and they are picked up, including emails that carry no attachment and simply confirm an order. • If something you send cannot be read, you are told, instead of it disappearing quietly. Coding your transactions • Money in and money out now offer different options, so you are not asked to pick a sales code for a purchase. • Expense codes can be searched instead of scrolled. • The wording matches the web app, so the same question reads the same way wherever you answer it. Mileage • Save the places you drive to often, such as home and the office. • Tap Start journey and the miles are measured for you, including while your screen is off. You can still type a distance in by hand. Elsewhere • Signing in stays put between launches, including two step verification. • Type and spacing corrected across the app. ### 3.0.1 — 2026-08-20 Invoicing fixes: • Invoice dates are now entered as DD/MM/YYYY. Incomplete or impossible dates are rejected instead of being quietly corrected, so an invoice can no longer be saved with a date you did not type. • Zero-rated items now show "VAT 0%" on both the new invoice screen and the invoice detail screen, instead of appearing to have no VAT rate. • Draft invoices no longer offer "Share payment link" or "Record payment", and no longer show as outstanding — nothing is due until you send them. • The keyboard no longer covers the invoice buttons, form errors appear next to the buttons you just tapped, and small controls are easier to hit. ### 3.0.0 — 2026-07-15 This update brings a full refresh across the app. - Invoices now show cost centre, project and fund coding when your company uses them, and VAT only appears if you're VAT registered - Money page groups your accounts by type (current, savings, petty cash and more) with a clear balance breakdown - Reports has a new look: revenue, profit and margin at a glance, plus a six month trend - Fixed an issue where some invoices would not open - Fixed accounts that were never connected to a bank showing a false "fix connection" warning - Smoother, more reliable bank connections and receipt handling throughout Thanks for using Financial IQ. If anything looks off, let us know. ## Apps similar to Financial IQ | App | Rating | Price | Category | | --- | --- | --- | --- | | [AXS Passport](https://appshunter.io/ios/app/axs-passport/id6803904442) | — | Free | Business | | [Christians in Business](https://appshunter.io/ios/app/christians-in-business/id6745392015) | — | Free | Business | | [MassTrack](https://appshunter.io/ios/app/masstrack/id6758764742) | — | Free | Business | | [MSP Anywhere](https://appshunter.io/ios/app/msp-anywhere/id6446597967) | — | Free | Business | ## More apps by Smith & Johnson Ltd - [ARC Global Hub](https://appshunter.io/ios/app/arc-global-hub/id6756622202) - [First Things First](https://appshunter.io/ios/app/first-things-first/id6759959287) - [Stones Prayer Journal](https://appshunter.io/ios/app/stones-prayer-journal/id6777986871) All apps by Smith & Johnson Ltd: https://appshunter.io/developer/1831356212 --- *Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-10-23.*