IRIS Financials Version 7.0.2422 — January 2026

The following updates were made to IRIS Financials during January 2026:

New Features

Open Banking — Import Bank Statement

If your organisation uses Open Banking, transactions and statements can now be automatically downloaded into IRIS Financials.

To use the Open Banking statement import, Open Banking must be set up with each bank you want to use it with.

To find out more, go to Open Banking — Import Statements and Transactions — January 2026.

New Search Screen

Following customer feedback to have a search screen like the quick search available in Version 6, a new Quick Search screen has been added.

To access search, go to Documents, then select Quick Search.

Add Ledgers to Favourites Menu

Administrators can now mark ledgers as favourites to display in the LINKS section on Account Maintenance. Ledgers marked as favourites can be opened by users from the LINKS section.

To mark legders as favourites:

  1. Go to Enquiries, then select Favourites.
  2. Select Ledger Links.
  3. Select the required ledgers, then SAVE.

Fixes and Updates

  • Security and performance updates and improvements.
  • Accessibility updates to resolve issues with keyboard up and down keys not working for the accounts list.
  • If a start date is not changed when a new currency is added, the date is set as the date it was added.
  • Populate Missing Values for an Index with a large number of values now updates the values successfully.
  • Documents on Hold can no longer be posted to a period where security has been removed.
  • Resolved issues with accounts being selected on document input forms with Discount Due Date or Discount Rate options.
  • Tax country details now save correctly on Accounts.
  • AUTOMATIC ALLOCATION on Allocation is inactive for users who do not have permissions to use it.
  • Exported Document or Detail Worklists no longer display a file in use error message.
  • Security settings applied to a group are also copied when a new group is created by copying an existing group.
  • Previous year option added to enquiry criteria that displays a column alongside the current year one.
  • Resolved issues with creating a user group with the same name as a deleted group.
  • Improvements to help speed up saving of changes to bank statements with a large number of lines.
  • To improve performance and loading, the limit of items that display on the Allocation screen can be set. If an account has more items than the set limit, a warning is displayed to advise only a limited number of items have been displayed for allocation.
  • Resolved issues with Bank Statement Maintenance becoming unresponsive when reconciliation is removed for items on statements with a large number of items.
  • Link added to User Group Maintenance to open the Users screen. If no users have been assigned to the group the link to Users is not displayed.
  • Improved performance for tabbing between lines that have the same nominal details on Document Input Forms.
  • If multiple users are editing draft payment runs, if the same transactions are added by both users, they are no longer duplicated when it is saved.
  • Line colours on the Detail Enquiry and Document Enquiry are now use the same colours for statuses of the documents.

  • To improve performance and loading, the limit of items that display on the Allocation screen can be set. If an account has more items than the set limit, a warning is displayed to advise only a limited number of items have been displayed for allocation.

    To change the limit set: 

    1. In Settings, select Database settings for all users.
    2. Select EDIT.
    3. Change the amount in Allocation Transaction Limit, then SAVE.

New Security

Performance updates made to reduce the time it takes for data to load for Multi-Acadmy Trust (MAT) users or those with multiple locations or entities, and reduce the application freezing:

  • For information displayed for Nominal Group Security.
  • When selecting Select all on columns.

Direct Debit Emailer

  • Prevent user allocation of transactions on payment lists setting added to Database settings for all users that stops open paylist items on older payment runs being displayed on the Allocation screen.
  • Allocation cannot be removed from transactions on completed and posted Direct Debit Emailer payment runs.

Removed Features

  • The settings to switch the new Security feature on or off is no longer available for organisations. If not already switched on, this will be available for organisations in future when IRIS Financials release it for all customers.
  • Export is no longer displayed for empty Document or Detail Worklists.