7.0
SpotScore
iplicit Review: Is It The Right Accounting Software For Your Team?
Best for Mid-market · Enterprise
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iplicit offers custom pricing plan
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Spotsaas Analysis for iplicit
iplicit is a cloud-based accounting software built for scaling UK organisations, including mid-market businesses, charities, and not-for-profit entities. Backed by £25M from One Peak Partners and having achieved 113% year-on-year growth in 2024, iplicit is one of the fastest-growing accounting platforms in the UK market.
The software excels at multi-entity financial management, offering seamless consolidation across complex organisational structures without the cost or complexity of traditional enterprise ERP systems. Its real-time reporting and project accounting capabilities make it particularly strong for organisations that need granular visibility into financial performance across multiple cost centres or entities. Native Making Tax Digital compliance and UK-first design reduce the overhead of adapting global platforms to local requirements.
Prospective buyers should note that iplicit is purpose-built for mid-market scale — it is not designed for sole traders or micro businesses, and its feature depth may exceed the needs of very small teams.
Quick facts about iplicit
What is iplicit?
iplicit is a cloud-based accounting software designed for mid-sized UK businesses, charities, and not-for-profit organisations. It delivers financial management, multi-entity consolidation, project accounting, and real-time reporting — enabling businesses to scale efficiently without the complexity of traditional enterprise ERP systems. Backed by £25M investment from One Peak, iplicit achieved 113% year-on-year growth in 2024 and is one of the fastest-growing accounting platforms in the UK.
Pricing
iplicit offers custom pricing plan
Free Trial available
Best For
Designed for mid-market and enterprise teams
iplicit was reviewed internally using user feedback, in-house testing, and market research to assess its performance, reliability, and user experience. Learn how we review products and our evaluation process.
Who should consider iplicit
- Team types
- Medium Business, Large Enterprises
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What is the pricing of iplicit?
iplicit uses custom pricing — plans are tailored to your team size and needs. Contact them for a quote.
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What are the features of iplicit?
The overall accounts payable (AP) balance of a corporation at a given moment in time will appear in the current liabilities column of its ba…
The term "accounts receivable" refers to a company's unpaid bills or the money owed to it by customers. Accounts that a company is entitled…
A bank reconciliation statement reconciles an entity's bank account with its financial records. The statement lists all deposits, withdrawal…
An invoice and a bill are documents that convey the same information about the amount owing for the sale of goods or services. Still, a comp…
A Certified Public Accountant Firm (CPA firm) is a business licensed in the state where it operates and is owned, at least in part, by a CPA…
The practice of collecting and managing cash flows is known as cash management. Individuals and businesses both benefit from good cash manag…
When a firm refers to money owed to them by a customer, it is referred to as collections. When a consumer fails to pay a company within the…
Keeping track of your expenses is a crucial component of building a budget for your small business. The financial health of your budget is i…
The practice of tracking and managing an organization's physical assets and equipment is known as fixed asset management. Vehicles, computer…
A general ledger is a financial data record-keeping system that includes debit and credit account records confirmed by a trial balance. It h…
Your firm will be able to hold funds in multiple currencies if you have a multi-currency bank account. When conducting a business across bor…
Project accounting is a sort of managerial accounting that focuses on managing and delivering projects. It entails tracking, reporting, and…
Purchasing is a method by which an individual or organization acquires goods or services to achieve its objectives. Despite the efforts of n…
Revenue recognition is a generally accepted accounting standard (GAAP) that identifies and accounts for the exact criteria under which reven…
Spend management is the tried-and-true method of monitoring all supplier connections and company purchasing to identify and maximize every d…
A tax is a governmental mandatory financial charge or levy imposed on a taxpayer to fund certain public expenses. The taxation system is cri…
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Frequently Asked Questions About iplicit
Common questions buyers ask before choosing iplicit.
iplicit is a Accounting Software. iplicit offers Accounts Payable, Accounts Receivable, Bank Reconciliation, Billing and Invoicing, Cash Management and many more functionalities.
Some top alternatives to iplicit includes Xero and undefined.
iplicit offers Subscription, Quotation Based, Free Trial pricing models
The starting price is not disclosed by iplicit. You can visit iplicit pricing page to get the latest pricing.
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About the reviewer
Rajat Gupta is the founder of Spotsaas. Over the past two years, he has reviewed 2,000+ tools across CRM, HR, AI, and finance — applying hands-on product research and a background in commerce and the CFA program to evaluate software through a business and ROI lens. His goal: help teams make software decisions they won't regret.
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Disclaimer: This research has been collated from a variety of authoritative sources. We welcome your feedback at [email protected].
