Firm size

  • Small
  • Medium

Integration

Keytime, Compac, IRIS OpenSpace, Kashflow, PTP, QBO, Xero, CSV

Templates

Abridged, Charity, CIC, Dormant, FRS 102 1A, FRS 105, LLP, Partnership, Sole trader

Functionality

Adjust, Audit, Drill, Import, Submit, Tag

Pricing

£597/yr (unlimited clients). Reductions available for those with smaller client numbers

User reviews

4.4
(47 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

Key Features

  • Integrates with other Keytime modules including tax and practice management to share standing data and access controls
  • Quickly produce statutory/final accounts using pre-defined, ready-tagged formats for a range of small entity types
  • Import trial balances from KashFlow and other leading bookkeeping packages
  • Post journals, make current or prior year adjustments in a quick and simple format
  • Automatic balancing of journals
  • File directly to Companies House, output data and accounts to Keytime CT or personal tax programs for filing at HMRC
  • Upload documents to free IRIS OpenSpace secure document portal for sharing with clients

Product screenshots

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What Keytime says

Keytime Accounts Production is a straightforward and easy-to-use solution for producing and filing final and statutory accounts. It is aimed at the small practitioner and compliance is automatic. The product features iXBRL-tagged templates for a range of small entity types, including a standalone charity template. There is a range of output options available and the ability to upload accounts and reports to our IRIS OpenSpace secure document portal for client approval.

Accounts production is part of the Keytime Accountants’ Suite and integrates with other modules in the range, removing the need for additional set ups and re-keying of data.

2018 roadmap

Immediate developments include further integrations with popular third-party bookkeeping systems and enhancements to existing integrations.

IRIS is committed to making the lives of accountants more productive; we like to keep things simple and straightforward while providing all the necessary tools to complete the job. This is always a consideration in our product development roadmaps.  Our on-line Ideas portal is available for customers to review, vote on and make their own suggestions.

What users say about Keytime Accounts Production

Read user reviews

    Pros

  • Great price for my size of business
  • Intuitive and user friendly
  • The ease of use and compatibility with Keytime Corporation Tax
  • Very stable and easy to use
  • Great integration with iXBRL and offers full production suite for sole traders & partnerships as well
  • Support available on the phone

    Things you might change

  • Better integration with online bookkeeping software such as Xero
  • It’s clunky! The workflow is old fashioned
  • More standard templates in notes for new FRS102 disclosures
  • The manual could do with being updated
  • Make it easier to use as a bookkeeping module

Functionality

4.4

    Pros

  • Fairly easy to use, produces the end accounts easily, suitable for a smaller practice
  • Prepares accounts in the correct format
  • The ease of use and compatibility
  • Great integration with iXBRL and offers full production suite for sole traders & partnerships as well
  • Very stable and easy to use

    Things you might change

  • Better integration with online bookkeeping software such as Xero
  • A little more flexibility to add or amend notes, sometimes I like the note that is already set up but I can't always tweak it
  • It’s clunky! The workflow is old fashioned
  • More standard templates in notes for new FRS102 disclosures
  • Drill options and shortcuts

Support

4.5

    Pros

  • Cost and little need for assistance from the support team, relatively straight forward
  • Support being available on the phone

    Things you might change

  • The manual could do with being updated
  • Have out of hours help and assistance all year not just in January
  • Better support needed

Ease of use

4.4

    Pros

  • Intuitive and user friendly
  • Simplicity - considering how many variables there are in preparing a set of accounts, Keytime copes admirably
  • Easy to input journals/trial balance

    Things you might change

  • Make it easier to use as a bookkeeping module
  • It is not easy to make changes to the notes
  • Too many clicks to create a PDF document
  • Easy to use, although recent changes make it more difficult

Value for money

4.4

    Pros

  • Great price for my size of business
  • Price and support
  • Sensible pricing package for a sole practitioner

    Things you might change

  • Price - going up and up. It seems to be moving into IRIS

What AccountingWEB says

Keytime is one of many successful products that subsequently found its way into the IRIS stable. As the main IRIS suite has evolved upmarket in terms of functionality and price, Keytime has taken on a renewed lease of life in the past couple of years as a lower cost alternative within the IRIS product stable.

Keytime has a Windows-like interface that has something of a retro look in the age of cloud software, but don’t let graphical fashions fool you – there is a lot of solid functionality in those menus, including a Communication tab – a client contact tracker that can handle CRM tasks and reporting for smaller firms.

User reviews (20)

About the reviews
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5
Principal/Senior Partner, Less than £250k
12 June, 2018

What do you like?

Simplicity - considering how many variables there are in preparing a set of accounts, Keytime copes admirably and it doesn't take long to find what I want
4
Sole Practitioner, Less than £250k
6 June, 2018

What do you like?

Easy to input journals/trial balance

What would you change?

It is not easy to make changes to the notes
4.3
Practice Manager, Less than £250k
2 June, 2018

What do you like?

Price and support

What would you change?

Drill options and shortcuts
4.5
Management Accountant/Accountant, Less than £250k
29 May, 2018

What do you like?

Fairly easy to use, produces the end accounts easily, suitable for a smaller practice

What would you change?

The methods of doing back-ups
4
Sole Practitioner, Less than £250k
24 May, 2018

What do you like?

Prepares accounts in the correct format. Great price for my size of business

What would you change?

No changes at present

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