IRIS Time & Fees

IRIS Time & Fees is a powerful tool for monitoring work in progress, ensuring all time and expenses are recorded and charged for and efficiently collecting fees.   

  • Improve your cash flow and eliminate revenue leakage with IRIS Time & Fees 
  • Ensure all work is charged and appropriate fees collected
  • Monitor staff performance and chargeable/non-chargeable time
  • Set and monitor budgets
  • Generate all necessary billing documents including invoices, statements, payment reminders
  • Collect payments faster by using IRIS Fees in conjunction with IRIS Payments

 



The Challenge

Ensuring that all work has been charged for and appropriate fees have been collected can be a tough challenge. But it’s one that IRIS Time & Fees has been designed to meet. You need an accounting system that will help ensure all the work is invoiced correctly and one that will manage all billing processes, including staff time recording, work in progress monitoring, billing the client and practice budgeting. Partners are looking for a system that will manage all aspects of billing, and one that offers an effective way to record staff time.

 

The Solution

IRIS Time and Fees is an effective solution to manage all billing processes, allowing you to generate every necessary document, including invoices, statements and payment reminders. You can manage staff timesheets and record work in progress that can be used to bill the clients and calculate recoverability. Monitor staff performance and chargeable/non-chargeable time, reduce errors and ensure clients are invoiced correctly.   

 


Benefits of IRIS Time & Fees 

With IRIS Time & Fees partners, managers and staff can: record time; monitor work in progress; raise bills; send statements; control debtors. It ensures clients are promptly and accurately invoiced for the work done. Once the invoices are ready use IRIS Payments to collect payments promptly. 

 

Efficient management  

Manages all aspects of billing and ensures clients are promptly and accurately invoiced for the work done. Increases users’ productivity when performing day-to-day billing activities. You can also effectively manage cash flow and set and monitor budgets.


                                                             



Performance insight

Tackles the problem firms often have with a lack of visibility into staff performance and chargeable/non-chargeable time. Provides an effective way to record staff time and gives you the ability to monitor accumulated work in progress and outstanding fees.


Fully integrated

Unlike some other practice management products it is a part of Accountancy Suite and is fully integrated with the Practice Management. It helps increase users’ productivity and ensures a seamless process of capturing chargeable time for each job, controlling WIP and billing the clients.

                                                      


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 Time & Fees provides instant solutions for:

  • An accurate, up-to-date picture of practice performance through automatically generated reports
  • Gaining insight over all activity at your practice 
  • Driving efficiencies through powerful analysis of staff performance and chargeable/non-chargeable time
  • Management reports - stay in control with reports monitoring budget versus work in progress
  • On-screen billing with appropriate authorisation built in, saving time from draft to final invoice
  • Improving cash flow using the credit control facilities
  • Easily creating and editing fee documents using Microsoft Word

Testimonials

“With IRIS, we can prepopulate the information from HMRC at the touch of a button while we are speaking with the client. This convinced us that IRIS had tax completely sorted.” Read More                                                                       Shepherd’s Chartered Tax Advisers & Accountants

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