Accountants in business

IRIS iXBRL

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iXBRL your way

A range of iXBRL-compliant solutions for UK finance departments.

IRIS supports many UK businesses, including FTSE250 companies, with their successful iXBRL compliance.

 

Working with IRIS for your iXBRL compliance allows you to maintain, or increase your control and visibility of your accounts preparation. Many of our customers also report a significant reduction in their iXBRL compliance costs.

All of our solutions are fully compliant with FRS 101 & 102 taxonomies and provide full-tagging for HRMC.

Overview:

IRIS Accounts Production 

Increase your accounts control and visibility while easily managing subsidiary companies and quickly producing group or management accounts using the unique IRIS integration included in IRIS Accounts Production. You can import a trial balance from any Sage, SAP, Oracle or other ERP system.   

IRIS iXBRL in-house tagging  

IRIS iXBRL produces iXBRL-compliant accounts from your Microsoft Word and Excel documents. It’s cloud-based so there is no software no install or maintain and it’s so easy to use that no specific knowledge of iXBRL is required.   

Outsourced tagging service

If you would prefer a more hands-off service, IRIS Resourcing can help. Simply upload your Microsoft Word or Excel or PDF accounts via the secure online portal and our specialist team will do the rest. Your iXBRL-compliant accounts are returned to you, along with a comprehensive tag report. 

Key Benefits:

Multiple trade capability
Handles group relief and the allocation between companies
Interactive CT600s allowing the CT600 to be edited directly from the onscreen preview
Tax return can be filed online at the touch of a button
iXBRL compliant computations are automatically generated with no user intervention
IRIS Fixed Asset Register 
Quick asset creation by importing from csv file, amend and update assets using the on-screen browser 
Eliminate manual intervention in calculating depreciation, lease, hire purchase liabilities and finance charges
  • iXBRL compliant computations are automatically generated with no user intervention
  • Tagging software written by the inventors of iXBRL technology the main providers to HMRC and Companies House, giving you added confidence in its reliability
  • Tags accounts prepared in Microsoft Word or Excel
  • Cloud-based iXBRL conversion service, automatically applies 70-90% of iXBRL tags
“The introduction of iXBRL brought the need to produce tagged accounts, it seemed a good time to look at solutions that would enable us to benefit from automation. I’ve just completed our third year of using IRIS Accounts Production and there’s a measurable difference in speed. This year we completed our accounts for review by the auditors around two days earlier than we used to do with Microsoft Word and Excel.”
Andrew Hughes, Financial Controller
Heal's Furnature

 

 

 

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