Coming soon in IRIS Elements

Learn about new features that we're working on.

Jump to: General IRIS Elements Accounts Production | IRIS Elements Accounts Production Enterprise | IRIS Elements Business Review | IRIS Elements Tax | IRIS Elements Tax Enterprise | IRIS Elements Trust Tax Enterprise | IRIS Elements VAT Filer

General

Client List Refresh

Following customer feedback, we're refreshing0 the client list to allow you to filter the client list as required, then save the view for future use.

Bulk actions and updates will also move out of the Action menu into a dedicated area in the client interface for ease of access.

IRIS Elements Accounts Production

Coming soon for all subscription editions:

  • Accounts Builder improvements
    • Following customer feedback, we are redesigning the navigation of the data screens (currently known as sections). This will speed up access to the specific screen required.
  • FRS 102 s1a improvements — We are also increasing the amount of configurable note disclosure for FRS 102 s1a. A full list will be made available at the time of release.

Product subscription required: IRIS Elements Accounts Production (any level)

Coming soon for IRIS Elements Accounts Production Professional only:

  • Import from Xero — We are expanding the new feature of importing CSV files downloaded from Xero, to include importing directly from Xero itself.
  • Multi-address practices improvements — For practices that have multiple offices, we are adding an option to select the relevant address for a set of accounts.
  • Journals improvements — We are increasing the number of journal adjustments from 50 to 200 entries.

Product subscription required: IRIS Elements Accounts Production Professional

IRIS Elements Accounts Production Enterprise

We are excited to announce we will be launching an Enterprise edition of IRIS Elements Accounts Production. All current features of IRIS Elements Accounts Production will be included as well as the upcoming features mentioned above, along with some exclusive features:

  • Support for farm accounts — Including sole trade, partnership, and limited company accounts, with appropriate dedicated chart of accounts. IRIS Elements Accounts Production Enterprise will also be able to accommodate enterprises for different types of trade. A dedicated posting report will be available in Adjustments & Reports.
  • Support for Community Interest Customers (CIC) accounts — Support for accounts that include the appropriate Companies House CIC34 simplified form.
  • Ability to generate multi-year trial balance reports — Multi-year trial balance reports can be generated using the last five year's data, where available. This report will be available as either a PDF or in Microsoft Excel® format (.xlsx).

Product subscription required: IRIS Elements Accounts Production Enterprise

IRIS Elements Business Review

We are excited to announce we will be launching a new product — the IRIS Elements Business Review. This will help small business owners to improve their client's financial health, and proactively identify issues before they become problematic.

IRIS Elements Business Review takes the form of a dashboard with Key Performance Indicators (KPIs) that can be tailored to your client's requirements:

  • Revenue and Cost (for the current month)
  • Bank Balance (for the current month)
  • Debtors and Creditors (for the current month)
  • Margins and Ratios (for the current month)

These KPIs will display statuses of No Concern in green and Concern in red.

The initial launch will integrate with Xero, with more integrations to come.

IRIS Elements Tax

Coming soon for all subscription editions and IRIS Elements Tax and Accounts:

  • Practice roles integrations — This enhancement will integrate the practice roles functionality, so you'll only see the clients that are assigned to you. This will reduce clutter and improve visibility.
  • Create links between partnerships and trusts when creating SA800 tax returns — When creating a tax return for trusts, the Partnership section will be automatically created and populated.
  • Automatically attach accounts — Customers who also subscribe to IRIS Elements Accounts Production will be able to attach client accounts to relevant tax returns.

Product subscription required: IRIS Elements Tax (any level) or IRIS Elements Tax and Accounts

Coming soon for IRIS Elements Tax Professional only as well as IRIS Elements Tax and Accounts:

  • Automatic AIA calculations — To alleviate the administrative challenges associated with completing a tax return, where assets have been identified as qualifying for AIA, the system will automatically compute the applicable AIA amount and populate the tax return, streamlining the entire process.

Product subscription required: IRIS Elements Tax Professional or IRIS Elements Tax and Accounts.

IRIS Elements Tax Enterprise

We are excited to announce we will be launching an Enterprise edition of IRIS Elements Tax. All current features of IRIS Elements Tax will be included as well as the upcoming features mentioned above, along with some exclusive features:

  • View client accounts for individuals, limited companies, and trusts clients — Enterprise subscribers will be able to track the amounts of tax due and paid by their clients.
  • Automatic calculation of farmer's averaging relief across 5 years as well as 2 years.
  • New section for Limited company tax returns — We're adding a new module to track and calculate research and development (R&D) tax credits for Limited (LTD) companies.
  • New asset register for businesses — A register will be made available to Enterprise subscribers to record all business assets and movements to help with capital allowances calculations.
  • New asset register for individuals and trusts — A register will be made available to Enterprise subscribers to record all capital assets and their movements for capital gains calculations.
  • New corporation tax losses module — Allows Enterprise subscribes to track and claim their corporation tax losses.
  • Support for groups and consortia relief in corporate tax returns
  • Custom mapping between IRIS Elements Accounts Production and IRIS Elements Tax — Enterprise subscribers will be able to map account and sub-account codes in IRIS Elements Accounts Production against their respective data fields in corporation tax returns in IRIS Elements Tax. This is intended to be a one-way mapping.
  • Support for loans to participators in corporate tax returns
  • Ability to declare corporation tax on restitution interest — A new section in the Data Entry tab for corporation tax returns will be made available to Enterprise subscribers to populate the CT600(K) form.
  • Support for residential property developer tax — New supplementary pages will be made available to Enterprise-level subscribers to allow reporting of residential property developer tax.
  • New customer profit allocation module — Allows the distribution of partnership shares by automatically calculating entries using a set profit percentage, salaries, and private expenses.

Product subscription required: IRIS Elements Tax Enterprise

IRIS Elements Trust Tax Enterprise

We are excited to announce we will be launching an Enterprise edition of IRIS Elements Trust Tax. All current features of IRIS Elements Trust Tax will be included, along with some exclusive features:

  • Support for the 50(FS) tax return form

Product subscription required: IRIS Elements Trust Tax Enterprise

IRIS Elements VAT Filer

Allow VAT Returns for a proprietor with multiple sole trades

Subscribers will be able to submit VAT returns where a client operates multiple sole trades.

Product subscription required: IRIS Elements VAT Filer