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Compac for Accountants

Would IRIS sell the licence

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I have used Compac for Accountants for over 30 years since it was developed in 1981 by Colin Harding of Compac for Accountants Ltd. It was bought by Keytime a few years ago who were then sold to IRIS Software. I'm sure there are other accountants who have and still are using this accounting software which I consider to be the best piece of accounting software specifically designed for accountants. The problem is that IRIS have no future for Compac, instead concentrating on Accounts Production which is a programme working from a trial balance with excel back up schedules. Anyone using Compac will know that the programme caters for all prime input data creating a useful year by year record of all transactions. I haven't approached IRIS yet to see if they would consider selling the Compac licence but if they would, as a sole practioner, I would require a decent sized firm of accountants already using Compac to get involved and who would be prepared to develop the software rather than let it gradually disappear. Is there anyone interested in looking into this with me?

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By philomena
27th Aug 2020 17:45

Definitely - I am in but am only a sole practitioner so would not be able to develop the software further. As you say the best accounting software and I have also been using it for 30 years +. When I heard that Iris had taken over Keytime I cried and to be honest when Keytime took over from Colin Harding their support was good. I spoke to somebody in Keytime a few weeks ago and he intimated that Iris would not support Compac in the long term.
Have spoken to Keytime today (27 August) and was informed that support would continue and also future development. Also support was good re my query.

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