IRIS Elements Accounts Production
Streamlined Accounts
Production
Essentials plan for start-up & small practices,
or Professional plan for medium practices
From £4 per month
Trusted, Scalable Compliance
Prepare compliant accounts for sole traders, partnerships, and micro and small limited companies (FRS 105, FRS 102 Section 1A) as well as dormant limited company accounts. Integrate with IRIS Elements Tax and Companies House so that you can deliver peace of mind to your clients and right-first-time accounts to Companies House.
Why choose IRIS Elements Accounts Production software?
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Trusted
We’ve been chosen by 91 out of the Top 100 Accountancy firms in the UK and have a record of over 99% acceptance rate for accounts submissions to Companies House. Our trusted solutions are built from over 44 years of experience.
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Efficient
Automation and intuitive workflows all combine to drive efficiency, accuracy and successful outcomes for your compliance.
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Integrated
Create iXBRL financial statements for direct electronic submission to Companies House. Integrate with IRIS Elements Tax to calculate the tax and prepare the tax return.
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Scalable
IRIS Elements grows with you. Add new capabilities when you need them, like AML and practice management, and harness a single view of all client data across your practice.
What’s Included?
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Sole Traders, Partnerships and Limited Companies
Designed with your clients in mind, IRIS Elements provides the tools to produce compliant accounts for sole traders, partnerships and limited companies including micro entities, small companies or dormant companies.
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Data Entry
Simply enter or import your client’s opening trial balance before entering your journal adjustments*, allowing you to keep a track of the changes made. Our comprehensive chart of accounts helps you to produce a set of accounts to match your client’s individuality.
* only available in the professional version
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Integrations
Create iXBRL financial statements ready for direct electronic submission to Companies House, by importing or manually entering the initial trial balance, adding your own adjustments and corrections before completing the required information for the notes. Then you can share the data with IRIS Elements Tax.
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Included bookkeeping tool
IRIS Elements Cashbook comes included with IRIS Elements Accounts Production and helps your sole trader clients with bookkeeping. Not only does it include our market leading payment service IRIS Pay to collect your client payments efficiently, but it also has unlimited bank feeds, all supporting your digital client experience.
See what our customers are saying
IRIS Elements
“IRIS Elements is really at the heart of our practice now. It’s one database for all our information, rather than multiple systems for us to update. We’ve removed the risk of error, moving data from one system to another, and we’re all working from the same place – no matter where we’re working from. We don’t have to worry about multiple client records increasing errors and duplication, we share one client record across the practice.”
Power Accountants Business and Tax Advisors Limited
Start using IRIS Elements Accounts Production
Try out Essentials today, then decide the best plan for you
FAQs
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This information will be taken from the central client list, reducing time entering data as well as improving accuracy due to no duplication. This identical data will be shared within IRIS Elements Tax.
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No, you can import a CSV file into the relevant year. Imports from bookkeeping packages will be available later this year.
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Once the initial trial balance is entered via Source data, when using Professional you can post adjustments to complete the final trial balance.
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When running the reports, it is clear when extra data is needed, for example the average number of employees. This level of exception reporting ensures your accounts are submitted successfully first time to Companies House.
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Basic client data is identical between both Tax and Accounts Production and can be edited in the central client screens. Trial balance information will be shared with Tax where relevant. Accounts for companies can be generated in iXBRL to be attached to the CT600.
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There is a basic approval process which updates the status of the accounts at each stage. There will be further improvements to this area as well as including the ability to send accounts to your client through a portal.
