iris

Firm size

  • Small
  • Medium
  • Large

Integration

IRIS, Exchequer, FreeAgent, Kashflow, MyWorkPapers, QBO, Xero, CSV

Templates

Academy, Cashflow, Charity, Doctor, Farm, FRS 102, FRS 102 1A, FRS 105, Group, IFRS, Mgmt Pack, Partnership, Sole trader, Solicitor

Functionality

Adjust, Audit, Consolidate, Drill, Import, Map, Submit, Tag, Schedules

Pricing

On application

User reviews

4.1
(115 user ratings)
Our trusted reviews are independent, first hand opinions taken from the UK's largest survey of business software users. These ratings are used to decide the Software Excellence Awards from the Accounting Excellence 2018 programme

Functionality

4.4

Support

4

Ease of use

4.3

Value for money

3.7

Key Features

  • Integrates with IRIS Accountancy Suite so data and workflows are fed across accounting, tax, time and fees and other modules
  • Trial balances can be imported directly from most accounting software packages, or postings entered manually
  • End-to-end workflow takes all edits and adjustments through to iXBRL submission within a single interface
  • A tree-like hierarchical view of the accounts or auto-pilot button steps you through the relevant pages
  • Individual user permissions can be tailored to suit a variety of roles
  • Includes industry-specific fomats for doctors, farms and charities, also abbreviated and dormant company accounts
  • Interactive reports allow you to make changes to the accounts directly from the preview
  • Notes can be edited or created from scratch as free text, or using a table creator to insert current and prior year data
  • Directors’, accountants’ and audit reports created automatically along with main statements and applicable notes
  • The reports generated provide detail for working papers and backing schedules, plus a variety of trial balances to aid analysis
  • Working papers can be linked to the accounts to allow a review by managers and seniors within the practice
  • Draft accounts for review, final accounts for signature and abridged accounts for filing are all automatically generated
  • IRIS OpenSpace portal is provided free to allow secure document exchange with clients

Product screenshots

Click an image to enlarge

What IRIS Software Group says

IRIS Accounts Production helps you produce accurat, iXBRL-ready accounts quickly, supported with lead schedules and working papers to aid analysis. Accountancy professionals can manually enter postings, coded to the relevant chart, or import trial balances or transactions from all major bookkeeping systems.

A complete set of accounts, notes and disclosures ready for online submissions to Companies House is created automatically based on a few simple settings. Accounts are also available for filing to HMRC when used in conjunction with IRIS Business Tax or other suitable software. Numerous presentations are available with customisation options to enable practices to produce a professional set of financial statements the way they want.

Draft accounts for review, final accounts for signature and filleted accounts are all produced. The interactive IRIS report provides instant access from the on-screen preview to any necessary adjustments to postings, disclosures and notes.

2018 Roadmap

IRIS exists to make accountants lives more productive and our product roadmap reflects this mission. We will continue introducing legislation changes as early as possible, for example with updates for the FRS 102 triennial review changes. Longer term, we will increase the types of organisations covered such as CICs and MATs.

IRIS Connector will extend direct integrations to more third parties and link with client collaboration tools such as IRIS OpenSpace, making IRIS Accounts Production the most complete solution available on the market.

Functionality

4.4

    Pros

  • Integration with all aspects of practice management
  • Always up to date with latest changes
  • Formats of reports
  • Excellent for financial statements preparation. Data screens are good
  • Latest TB import facility from Xero and QuickBooks Online and link to IRIS OpenSpace
  • Covers a broad range of scenarios

    Things you might change

  • Account codes need to be more flexible
  • Sometimes there are bugs in the system
  • The notes aren't always as customisable as we would like
  • Boost its speed and remove some of the complexities
  • There should be some more reporting options
  • iXBRL tagging is a bit wayward. The default account codes should always be correctly tagged by default but several are not

Support

4

    Pros

  • Easy enough to use and support is excellent
  • Easy to use and support staff always very helpful

    Things you might change

  • Better help/search functions

Ease of use

4.3

    Pros

  • It’s easy to use and produces consistent accounts, with legislation built into the notes
  • Efficiency and ease of use
  • Carries out almost every function required without very much manual intervention/interpretation

    Things you might change

  • The functionality is the same for international and small companies, so it is cumbersome
  • Some of the screens feel outdated and clunky

Value for money

3.7

    Things you might change

  • Price is an issue
  • Lower price!

What AccountingWEB says

IRIS has held the middle ground of the UK accountancy profession with its integrated suite model for the best part of two decades. Unlike a few other developers, user ratings have been stable for IRIS over the past year, but its share of the accounts production survey sample was down by almost a half. Even mighty IRIS is no longer immune from disruption in 2018.

The company tacitly acknowledged this situation in May, when it acquired Taxfiler. The cloud tax and accounts software challenger had built up a user base of 6,000 practices by delivering the functionality smaller firms wanted at a very competitive price. Taxfiler’s position in the market was endorsed four months after the IRIS deal when it won the Accounting Excellence Software Award for accounts production.

Back in the desktop world, IRIS is now mapping out a cloud migration path for its users but promised that existing users will be able to move online at their own pace.

User reviews (24)

About the reviews
Filter by
4
Financial Manager/Financial Controller/Co Accountant, £1m-£4.9m
11 June, 2018

What do you like?

interactive, easy to use

What would you change?

price!
4.8
Principal/Senior Partner, £250k-£499k
7 June, 2018

What do you like?

Ease of use, time-saving

What would you change?

Lower price!
3.5
Administrator, £1m-£4.9m
7 June, 2018

What do you like?

The integration

What would you change?

Too many bugs and expensive
3
Student/Trainee/Part qualified, £250k-£499k
30 May, 2018

What do you like?

Formats of reports

What would you change?

Account codes need to be more flexible. Needs to integrate better with Xero
2.5
Management Accountant/Accountant, £500k-£999k
30 May, 2018

What do you like?

It links accounts, corporation tax and personal tax automatically

What would you change?

Boost its speed and remove some of the complexities regarding account notes. The functionality is the same for international and small companies, so it is cumbersome

Pages

Share your experiences with the community

Share your thoughts with others about the product
Leave a review