The accounting process

Use IRIS Elements Tax and Accounts to produce accounts for:

• Trading and dormant periods
• Limited companies
• Micro-entities
• Sole traders
• Partnerships
• Limited Liability Partnerships (LLP)

Prerequisites

Before creating accounting periods, you must;

• Set up online filing passwords — You can enter and store your Companies House Presenter ID and Presenter authentication codes so you don't have to re-enter them for each submission.

You're now ready to start the accounting process.

The process

1. Create accounts for a client in IRIS Elements Tax and Accounts.
2. Complete accounts details.
3. Enter trial balance figures.
4. Choose what to include in the accounts.
5. Review and check accounts.
6. Obtain client approval for the accounts.
7. Finalise the accounts and mark as approved.
8. Submit accounts to Companies House.