Accountancy
- - Accountancy Overview
    - Accountancy Overview We know that every minute counts in an accountancy practice and client relationships are everything to an accountant. Our software and services are designed to automate every possible aspect of your day to give you more time focussing on your clients. Find some of our most popular software and services below or use the menu to find exactly what you need.
      IRIS Elements Increase productivity with our cloud accountancy platform
      IRIS Accountancy Suite Software to help with even the most complex accounting & tax
      IRIS Hosting Create a cloud-based office so you can work from anywhere
      IRIS Outsourcing Cost-effective and reliable outsourcing of core accounting and payroll processes
      IRIS Affinity Discover our accountancy partner program!
    - Small to medium-sized accountancy practice? IRIS Elements is leading cloud-based accountancy software powering thousands of practices just like yours.
  - Bookkeepers & Small Practices
    - Bookkeepers & Small Practices A smaller practice doesn’t mean a less challenging environment. Find everything from tax and accounts preparation software to software for submissions to Companies House and managing your practice.
      IRIS Elements Increase productivity with our cloud accountancy platform
      Staffology HR & Payroll Visit our Staffology HR & Payroll website
      IRIS Outsourcing Cost-effective and reliable outsourcing of core accounting and payroll processes
      IRIS KashFlow Bookkeeping Makes bookkeeping quick & easy
    - Small to medium-sized accountancy practice? IRIS Elements is leading cloud-based accountancy software powering thousands of practices just like yours.
  - Medium Practices
    - Medium Practices We understand how pivotal our software is in helping some of largest accountancy practices achieve their success. From practice management to document storage and accounting and tax – all the software you need is here.
      IRIS Elements Increase productivity with our cloud accountancy platform
      IRIS Accountancy Suite Software to help with even the most complex accounting & tax
      IRIS Anywhere Combining world-class accountancy software and cloud technology
      Staffology HR & Payroll Visit our Staffology HR & Payroll website
      IRIS Outsourcing Cost-effective and reliable outsourcing of core accounting and payroll processes
    - Small to medium-sized accountancy practice? IRIS Elements is leading cloud-based accountancy software powering thousands of practices just like yours.
  - Large Practices
    - Large Practices We understand how pivotal our software is in helping some of largest accountancy practices achieve their success. From practice management to document storage and accounting and tax – all the software you need is here.
      IRIS Elements Increase productivity with our cloud accountancy platform
      IRIS Accountancy Suite Software to help with even the most complex accounting & tax
      IRIS Anywhere Combining world-class accountancy software and cloud technology
      IRIS Cascade HRi HR software for organisations with 250-10,000 employees
      IRIS Outsourcing Cost-effective and reliable outsourcing of core accounting and payroll processes
      IRIS Practice Engine Gain greater insights of your accountancy firm’s performance
    - Small to medium-sized accountancy practice? IRIS Elements is leading cloud-based accountancy software powering thousands of practices just like yours.
  - More Products
    - More products for all Browse our other software and services which help keep accountancy practices on top of their day-to-day tasks. Find cloud software to help you work remotely, iXBRL tagging, booking software and more.
      IRIS Appliance Boost IRIS Accountancy Suite performance for your customers
      IRIS Charity Formats Boost productivity for accounting & reporting in charities
      IRIS GP Accounts Software for GP accounting and bookkeeping
      IRIS Innervision Corporate lease management and accounting software
      IRIS iXBRL iXBRL compliance for accountants in practice and businesses
      IRIS iXBRL Tagging Service Create fully tagged iXBRL-compliant accounts
      IRIS Keytime Accountancy software for accountants in smaller practices
      IRIS Payroll for Accountants Manage multiple client payrolls
      IRIS Practice Audit Expert auditing and support for your business
      IRIS Practice Dashboards View your business performance for improved management control
      Lease Accounting Software Comply with the latest standards, IFRS 16 and FASB ASC 842
      Lease Management Services Flexible lease management services, tools and expertise
    - Small to medium-sized accountancy practice? IRIS Elements is leading cloud-based accountancy software powering thousands of practices just like yours.
  - Accountant in Business
    - Accountant in Business As an accountant in business you’ll require a variety of tools to get you through any financial year. Here at IRIS we’ve got everything you need from VAT filing software to tax and accounts production.
      IRIS Accounts Production Business accounts software for accountants in business
      IRIS Business Tax Helping in-house accountants complete quality tax returns
      IRIS VAT Filer Enables in-house accountants to make VAT submissions to HMRC
      IRIS Company Secretarial Create reports of client information
      IRIS Outsourcing Cost-effective and reliable outsourcing of core accounting and payroll processes
    - Small to medium-sized accountancy practice? IRIS Elements is leading cloud-based accountancy software powering thousands of practices just like yours.
  - Financial Management
    - Financial Management Staying on top of your business finances is crucial to its success. From analysis to planning, we have all the financial management software you need to thrive!
      IRIS Financials A leading unified ledger accounting system
      IRIS Financials Charity Edition A leading unified ledger accounting system designed for charities
      IRIS Analytics Business intelligence software to combine and analyse your data
      IRIS Assets Centrally manage and track assets and statutory compliance
      IRIS Invoice Matcher Automated reading, matching, & processing of incoming invoices
      IRIS Outsourcing Outsource your reporting, bookkeeping or other finance processes
    - Small to medium-sized accountancy practice? IRIS Elements is leading cloud-based accountancy software powering thousands of practices just like yours.
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Education
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      School Data Analytics Consolidate data from MIS, HR, Finance, Compliance, Engagement and other systems.
      School Data Analytics Consolidate and overlay data from MIS, HR, Finance, Compliance, Engagement and other systems.
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- - Popular solutions
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HR
- - IRIS HR Overview
    - IRIS HR Overview Human Resources teams are the heartbeat of any business big or small. Faced with the pressures of staying up-to-date on fast moving changes in the workforce, HR teams use our software and services to reduce resource-intensive tasks and help them focus on the human side! Find some of our most popular software and services below or use the menu to find exactly what you need.
      IRIS Cascade HRi HR software for organisations with 250-10,000 employees
      Staffology HR Visit our Staffology HR website
      IRIS Recruitment Software Recruitment software to help control and manage your end-to-end recruitment process
      IRIS Recruitment Services Fully managed recruitment services for all businesses
      IRIS HR Consulting & Services Enjoy worry-free HR and benefit compliance from our team of HR experts
      Looking for HR management in Education? Explore our workforce management solutions for schools and trusts.
    - Building winning teams: why equitable hiring fuels success. Join us on November 27th where we'll explore how equitable hiring practices can reduce recruitment costs, foster pay equity, and drive diversity, innovation, and business success.
  - Small Businesses
    - Small Businesses Smaller businesses can easily get bogged down by HR. Find a range of HR software for small businesses that can automate tasks for you and help you avoid wasting valuable resources.
      Staffology HR Visit our Staffology HR website
      IRIS Recruitment Recruitment software to help control and manage your end-to-end recruitment process
      IRIS Recruitment Services Fully managed recruitment services for all businesses
      IRIS HR Professional Cloud HR software developed to simplify HR for SMEs
    - Mission: Possible Configure your employee lifecycle. Deliver the ultimate hire-to-retire journey for your staff.
      Discover Mission Possible today
  - Large Businesses
    - Medium & Large Businesses Don’t let a larger workforce bring your Human Resources team to a standstill. Our HR software can help your HR team thrive no matter how big your business grows.
      IRIS Cascade HRi HR software for organisations with 250-10,000 employees
      Staffology HR Visit our Staffology HR website
      IRIS Recruitment Recruitment software to help control and manage your end-to-end recruitment process
    - Mission: Possible Configure your employee lifecycle. Deliver the ultimate hire-to-retire journey for your staff.
      Discover Mission Possible today
  - Services
    - Services Some compliance and HR tasks are better left to somebody else. Browse our range of HR services to help ease pressures, save time and help offer expert guidance.
      IRIS Recruitment Services Fully managed recruitment services for all businesses
      IRIS HR Consulting & Services Enjoy worry-free HR and benefit compliance from our team of HR experts
    - Mission: Possible Configure your employee lifecycle. Deliver the ultimate hire-to-retire journey for your staff.
      Discover Mission Possible today
  - Recruitment
    - Recruitment Solutions Find a range of recruitment software and services to help you find and attract the best people for your organisation.
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    - Mission: Possible Configure your employee lifecycle. Deliver the ultimate hire-to-retire journey for your staff.
      Discover Mission Possible today
- - All HR Products
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Payroll
- - IRIS Payroll Overview
    - IRIS Payroll Overview Our software and services ensure every pay run is a success and all complexities are taken care of.
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      IRIS Payrite
      Payroll Software for Schools
      Every Payroll
      Payroll Software for GP Practices
      IRIS GP Payroll
      Integrated HR and Payroll
      Intuitive cloud-based HR and Payroll software
      Staffology By IRIS
      Fully integrated HR and Payroll software
      IRIS Cascade
      Payroll Services Outsource your payroll to CIPP-accredited payroll experts.
      Payroll Services
      Let IRIS take care of your payroll
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      IRIS Cascade Payroll Managed Services
      Payroll Services for Schools
      Dataplan Payroll
      Tronc Services
      Troncmasters
      International Payroll Services
      IRIS FMP
      Bureau Payroll Software Payroll platform for payroll bureaus and accountants.
      Bureau Software
      Cloud-based payroll software for modern bureaus
      Staffology Bureau
      Payroll bureau software for complex payroll needs
      IRIS Payroll Professional
      Additional Payroll Offerings Additional products and services designed to streamline your payroll processing.
      Faster Payments
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      IRIS My ePay Window
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    - Building winning teams: why equitable hiring fuels success. Join us on November 27th where we'll explore how equitable hiring practices can reduce recruitment costs, foster pay equity, and drive diversity, innovation, and business success.
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Home | Knowledge Base Articles | Prepayments and accrued income on balance sheet

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Prepayments and accrued income on balance sheet

Article ID

prepayments-and-accrued-income-on-balance-sheet

Article Name

Prepayments and accrued income on balance sheet

Created Date

10th May 2020

Product

IRIS Accounts Production, IRIS Accounts Production

Problem

How to disclose prepayments and accrued income on face of balance sheet

Resolution

Post to nominal code 687

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