Comparison

MS Accounting vs Financial IQ

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

MS Accounting

Features
Read full description

Take control of your finances with MS Accounting, the ultimate app for hassle-free accounting! Say goodbye to the chaos of paper receipts and complicated spreadsheets – our user-friendly interface makes managing your expenses a breeze. Key Features: 1. Effortless Receipt Uploads: Snap a photo of your receipts, invoices, and bills, and let Receipt Tracker do the rest. Our advanced OCR (Optical Character Recognition) technology automatically extracts important details like date, amount, and vendor, saving you precious time. 2. Real-Time Expense Tracking: Keep a close eye on your spending with our intuitive dashboard. Instantly view the status of your accounting, monitor your budget, and identify spending patterns to make informed financial decisions. 3. Organized Expense Categories: Easily categorize your expenses for a clearer understanding of where your money is going. Whether it's business expenses, personal purchases, or specific categories like meals or travel, Receipt Tracker ensures your finances are organized and accessible. 3. Smart Reporting: Generate detailed reports at the touch of a button. Track your expenses over time, analyze trends, and export reports for tax purposes or financial planning. Stay prepared and organized for tax season with ease. 4. Secure Cloud Storage: Your financial data is valuable, and we prioritize its security. All your receipts are securely stored in the cloud, ensuring you can access them anytime, anywhere, and on any device. 5. User-Friendly Interface: No accounting degree required! Our app is designed with simplicity in mind, ensuring that everyone, from beginners to seasoned professionals, can manage their finances effortlessly. Say goodbye to the headache of manual data entry and disorganized receipts. Download Receipt Tracker today and embark on a journey towards stress-free, efficient accounting. Take charge of your finances and gain peace of mind – your wallet will thank you!

About

Financial IQ

Features
Read full description

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

Screenshots

MS Accounting4 screens
Financial IQ4 screens

Verdict

The call

The clearest difference is update cadence: MS Accounting at daily against Financial IQ's monthly. MS Accounting also leads on iOS requirement (12.4 vs 16.4). On price, ads, in-app purchases and device support there is nothing between them.

Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. Neither carries in-app purchases, so what you see is what you pay.

UpkeepUpdate frequency

MS Accounting ships an update daily, Financial IQ monthly. The most recent releases landed on November 3, 2026 and October 30, 2026 respectively.

Scorecard2 real differences · 4 level
MS Accounting versus Financial IQ: the parameters behind the verdict, then further details
ParameterMS AccountingFinancial IQ
PriceFreeFree
Update frequencyDaily — betterMonthly
AdsNoNo
In-app purchasesNoNo
DevicesiPhone, iPodiPhone, iPad
Requires iOS12.4 — better16.4
Further details — not scored
Size18 MB72 MB
Age rating17+4+
DeveloperPARAM CARE FOUNDATIONSmith & Johnson Ltd

In-app purchases

None

MS Accounting

No in-app purchases

None

Financial IQ

No in-app purchases

Questions

Is MS Accounting free?
MS Accounting is free to download, with no in-app purchases.
Is Financial IQ free?
Financial IQ is free to download, with no in-app purchases.
Do MS Accounting or Financial IQ have ads?
Neither MS Accounting nor Financial IQ shows ads.
Which is updated more often, MS Accounting or Financial IQ?
MS Accounting ships an update daily, and Financial IQ monthly. Most recently, MS Accounting was updated on November 3, 2026 and Financial IQ on October 30, 2026.

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