IRIS Accounts Production

IRIS Accounts Production makes final accounts preparation a more efficient task, freeing up partner time for clients and higher fee generating work.   

  • Generates accurate and compliant annual accounts for a broad range of entity types  
  • Streamlines the process of collecting and inputting the data 
  • Saves you time, making you more efficient 
  • Provides legislative and best practice guidance updates as early as possible 
  • Automatically creates draft accounts for your review and final accounts for signature, including filleted and abridged accounts 

 



The Challenge

Most businesses lack the in-house expertise for easily and rapidly producing accurate, compliant financial statements. These can be for business stakeholders, including owners, banks, HMRC & Companies House. So, firms look to their accountants to provide this service, along with preparing tax returns.  

But when accountants are producing the required documents, they want to streamline the process of collecting and inputting the data. Accountants can use this same information to add extra services such as management accounts and financial planning advice. This helps to differentiate themselves and create a lasting relationship with their client. 

 

The Solution

Generate accurate and compliant annual accounts for a broad range of entity types with IRIS Accounts Production - the market leading final accounts software for accountants in practice and in industry. Our interactive reports allow you to make changes to the accounts directly from the preview. They provide a complete workflow enabling all edits and accounts finalisation through to iXBRL all from one simple view to streamline your entire process.  

 


Benefits of IRIS Accounts Production

IRIS Accounts Production frees time for higher value work, while supporting your workflow. It makes you more efficient and productive, for example, saving you time and money through easy online filing with Companies House. Interactive reports allow instant access to client details, account descriptions, disclosures, and notes as well as allowing you to add, amend or cancel postings and immediately see the results.    

 

Seamless integration & outstanding connectivity  

Increase productivity and save time with our true-integration of products built around a centralised database. This means no re-keying of data, reducing errors and ensuring that your information is more accurate. Complementing the seamless integration IRIS offers outstanding connectivity with leading third party applications such as Kashflow, Xero, QuickBooks, FreeAgent, MyWorkpapers and others.

                                                             



IRIS Charity Formats

IRIS Charity Formats is a brilliant addition to your IRIS Accounts Production software preparing accounts for incorporated, unincorporated charities and Academies. Create accounts compliant with Accounting & Reporting by Charities: Statement of Recommended Practice (SORP), without using third party software. Accounts preparation is simplified by using the basis of allocation to apportion costs across the charity's activities, with an unlimited number of funds that can be entered for each charity.

As with all IRIS solutions, IRIS Charity Formats is regularly updated ensuring you are always in line with the latest legislation and with licenses starting at just two clients it offers a real cost-effective solution.


Connect with clients

Work closer and more intuitively with your clients through unique integration across our cloud and desktop solutions that enable superior client collaboration – giving added value to all your client relationships. Simple navigation and comprehensive features make it easy to use.

                                                      


IRIS OpenSpace helps you work closer and more intuitively with your clients. 
You can upload, store and approve documents online. It's in 'The Cloud' so it's always accessible from any location, 
and it's fully integrated into the IRIS Accountancy Suite making it quick and easy to use.
You can store as much as you like, for as long as you like. 
If you are a UK based accountancy business we will even give you 1GB of free storage to get you started.
Additional space can easily be purchased from as little as £5 per GB per month or get a 15% discount 
for an annual subscription to 10GB by clicking the web store link above.

IRIS Accounts Production provides instant solutions for:

  • Easy online filing with Companies House to save time and money 
  • Creating final accounts from receipts and invoices or trial balances imported directly from leading cloud bookkeeping packages, Xero, QuickBooks Online and FreeAgent (IRIS OpenBooks) 
  • Remaining compliant with standards - including FRS 101, 102 incl. Section 1A and 105 standards and IFRS 
  • Fast and accurate client creation with direct access to Companies House records 
  • Interactive reports that allow instant access to client details, account descriptions, disclosures, and notes as well as allowing you to add, amend or cancel postings and immediately see the results. Personalisation of reports with built-in warnings to ensure accuracy 
  • Group consolidation functionality automates the time consuming process 
  • Fully iXBRL compliant - Read more   
  • Produce final accounts for unincorporated, incorporated charities and academies from IRIS Accounts Production for submission to the Charities Commission and Companies House
  • Compliant with the Accounting & Reporting by Charities: Statement of Recommended Practice (SORP) – and regular updates to keep in-line with legislation
  •   

Testimonials

“The team needed to reduce the number of hours spent producing a set of FRS102 accounts. With a well-known tax software solution, it was taking six hours per set of accounts. A trial with IRIS resulted in immediate benefits, especially with IRIS Accounts Production, which took a total of 1.5 hours to produce a set of accounts – and this included the setup of the solution.” Read More                                               Carter Collins & Myer 

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