Full Feature List

Full Feature List v18.2.0

IRIS Accountancy Suite Summer 2018 Release

The IRIS Accountancy Suite Summer release continues our focus on delivering the most effective compliance solutions harmoniously with industry leading productivity and efficiency processes and solutions, the Summer 2018 release of IRIS Accountancy Suite is no exception. The Summer Release (v18.2) perseveres with our assurances your practice can handle any scenario GDPR brings in your direction. This, along with a number of other enhancements contained in this release, keeps you ahead of the latest legislative changes whilst delivering a number of productivity and efficiency gains across the complete suite including:



General

General Data Protection Regulations

Audit trail capabilities have been significantly improved to help you monitor the most important changes to client data in IRIS including additions, updates and deletions. The system now tracks actions specific to clients identifying who made the change and when it was made as well as the type of the change. You would be able to see all the changes made to client id. The intuitive interface of the new audit trail screen will help you quickly review all recorded changes. Options are available to filter the displayed information to be based on a selection of clients, a selection of staff members and/or a particular action as well as the dates of the actions. The details can be exported for record keeping purposes and deleted to forget forever.

Tolley Tax

A new Tolley Tax dedicated tab in the main view of the IRIS Open Portal allows quicker more intuitive navigation and for your Tolley Tax account details to be stored in IRIS, eliminating the need to enter credentials when accessing the service. This makes it easier than ever to access all the great information from your Tolley subscription.

 

Accounts Production

Legislation - Accounts Production

  • Update to the Audit reports in regard to the Duty of care to third parties (Bannerman wording) further to the technical release issued by the ICAEW in May. The change is to reposition the paragraph further down in the report as suggested by the ICAEW. This will be applicable to any unsigned audit reports or dated after 1st July automatically, with an option to apply to any older reports.
  • Updates to Academies to cater for the recently released Academies Accounts Direction 2017-18, including a note for Trade Unions and a new tangible fixed asset ‘Assets under construction’ 

IRIS Connector introducing MyWorkPapers

IRIS Connector now works seamlessly with MyWorkPapers to import a trial balance before preparing the final accounts, making the process as efficient as possible.

Option to state comparatives are unaudited

A new data screen option allows text to be entered above the comparative column throughout the accounts, especially for those accounts that are audited in the current year but were not last year to clearly identify where the comparative figures may not have been as thoroughly.

 

Personal Tax

Pre-population of client data

The number of calls that the product makes to HMRC's APIs has now been reduced, which should help to reduce the number of errors that HMRC return when their system is overloaded.

We have updated the matching process of employment records between IRIS and HMRC to ensure that the PAYE reference is correctly presented.

 

Trust Tax

It is now possible to overwrite the value calculated by IRIS for box 10.1C of the Trust Return. 

 

All Tax

Tax Legislation and annual updates

  • Updated Dividends database
  • Updates to cater for latest HMRC Specials & Exclusions
  • Increase in Diesel Supplement for car benefits
  • Updates to forms R185 and SA700
  • Updates to the indexation rates used for disposals after 1 January 2018
  • Enterprise Investment Scheme relief updated for investments in knowledge-intensive companies 
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