Payroll from timesheet to payslip in one place, with HMRC filing and the journal done for you.
Run the month in six steps, from hours and changes to payslips. The FPS goes to HMRC from Financial IQ, every run posts its journal to your ledger, and your staff see their pay, time and leave in their own app.
Business Pro is £19 a month plus VAT.
Your staff get their own app for pay, time and leave.
Invite someone to the portal and they get Financial IQ Workplace. Their payslips, P60 and P45 are there to download, they submit their week’s hours, and they request time off with the days they have left in front of them.
- New starters fill in a guided form: their details, the HMRC checklist, bank and emergency contact, then send it to payroll.
- Staff see their own pages only. Your books and other employees stay out of view.
- Switch on expense claims and the people you choose can claim with a photo of the receipt, then be repaid by bill or with their pay, free of tax and NI.
Your client confirms the month in three questions.
Has anyone joined, has anyone left, and is there anything one-off such as a bonus, commission, expenses to reimburse or unpaid leave. They approve the month’s timesheets on the same screen and send it to you.
- A director-only payroll gets one button: Confirm, nothing has changed.
- Choose who signs off each payroll: you, the client, or a partner and the client.
Everything UK payroll needs is already in the box.
Statutory pay, leave, pensions and year end all run inside the same pay run, so nothing is worked out in a separate tool and typed back in.
Payroll-only access
Give a payroll team or bureau payroll and nothing else. Filing to HMRC and seeing directors' pay are separate switches, and two-factor sign-in is required.
Statutory pay calculator
SSP, SMP, SPP, SAP, ShPP and SPBP, worked out from the employee's own pay history.
Time off
Approved leave feeds payroll and the team calendar. Unpaid leave is deducted, and statutory leave swaps salary for the statutory payment.
Timesheets
Approved hours are priced at the employee's hourly rate on the day, and never paid twice.
Auto-enrolment
Assessments for every employee, with pension contributions calculated and posted every run.
Attachment of Earnings Orders
Record an order when it arrives and the deduction follows once it's set up.
Employment Allowance
Claimed against your employer NI.
Director NI
Standard annual basis or alternative arrangements, chosen per director.
Year end
Generate P60s for everyone in one go, and mark a leaver to download their P45.
Benefits in Kind
Record P11D benefits and see the Class 1A estimate that comes with them.
Target take-home
Set the net pay someone should receive and the gross is worked out to match.
Pay frequencies
Weekly, fortnightly, four-weekly or monthly.
Correcting an earlier month
See the periods affected and what will be recalculated, then roll back affected payrolls in one step.
Every run posts its own journalWages, PAYE and pension control are updated in the ledger by every run. Gross salary, employer NI and employer pension can each go to their own nominal and cost centre.
FPS and EPS go to HMRC from the app, and you see when the FPS is accepted.The Pay step covers staff, HMRC and the pension in one place.
Client pay runs
Accountants see every client’s payroll on one board, with a count of the runs that need them.
Works with
Bank reconciliation
Wage and HMRC payments match against the journal each run posts.
See bank reconciliation
Year-end accounts
Payroll costs are already in the ledger when the accounts are prepared.
See year-end accounts
Expenses and mileage
Out-of-pocket spending is claimed and repaid alongside pay.
See expenses and mileage
Common questions
Does it file to HMRC?
Yes. The FPS for each run and the EPS go to HMRC from Financial IQ through Real Time Information, and the run shows when HMRC has accepted the FPS. Accountants can see any FPS not sent or rejected across their clients on one board.
Do staff get their own payslips?
Yes. Staff you invite to the portal get Financial IQ Workplace, where they see their latest and earlier payslips and download their P60 and P45. They also submit weekly timesheets and request time off there.
Does it handle statutory pay and leave?
Yes. The statutory pay calculator covers SSP, SMP, SPP, SAP, ShPP and SPBP. Set up leave adds the usual leave types and bank holidays, approved leave feeds payroll and the team calendar, unpaid leave is deducted, and statutory leave swaps salary for the statutory payment.
What about pensions?
Pension contributions are calculated and posted with every run, and auto-enrolment assessments are made for each employee. Sending the contribution file to your provider is still a manual step.