What's new in IRIS Elements

Find out about the changes we've made.

You can also check our known issues, fixes and what's coming soon.

2022 | Jan 23| Feb 23| Mar 23| Apr 23| May 23 | Jun 23| Jul 23 | Aug 23 | Sep 23 | Oct 23 | Nov 23 | Dec 23


December 2023

Limited Company Capital Allowance data entry added for IRIS Elements Tax Essentials

We've introduced the ability to enter capital allowances to the tax return to allow for the full financial position to be reflected.

Product subscription required: IRIS Elements Tax Essentials.

Simplified data entry for trades below the VAT threshold

We have reduced the complexity of data entry when adding individual tax returns for trades below the VAT threshold. Now you only need to enter total expenses, not a breakdown of said expenses.

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

AAT Accountants report now available

When preparing accounts, you can now select the Association of Accounting Technicians (AAT) as the practice's default.

Product subscription required: IRIS Elements Accounts Production Essentials, IRIS Elements Accounts Production Professional, or IRIS Elements Accounts.

Help menu update

We've expanded our Help menu to include links to all useful resources and moved it into the main interface header.

Including or excluding clients from AML reporting

The options to include or exclude clients from the AML reports have been moved under a dedicated Bulk update menu:

Product license required:IRIS Elements Anti Money Laundering (AML)

Client Information tab revamp

We have consolidated the various boxes available on the Client Information tab into sub-tabs for easier viewing. Functionality has not been affected.

Manage your Practice Roles

Practice roles are essentially job roles, such as account manager, partner, payroll manager, and so on, used to assign to members of your practice for that client.

You add practice roles in Settings, Configure practice roles.

The roles are assigned to practice contacts on the Information tab of the client record.

Product license required: IRIS Elements Tax Essentials, IRIS Elements Tax Professional or IRIS Elements Tax and Accounts.

Improvements to sole trader tax returns process

Following customer feedback, we are pleased to announce the Self employmentData Input section is now automatically added to new tax returns, speeding up the process.

November 2023

IRIS Elements Tax and Accounts

Following customer feedback, we have updated the Trial Balance tab to allow more information to be visible without scrolling. We've also adapted the screen to respond to changes in the internet browser zoom — reducing the zoom % it allows even more to be included on the screen.

October 2023

IRIS Elements Accounts Production

Accounts and Accounts Production most recent clients widget added to home page

Released on: 31 October 2023

We've introduced a new widget that displays the ten most recently accessed clients for the practice — for Accounts Production or Accounts products. This widget also includes the work-in-progress status for each set of accounts and the year-end date. Once you've started to prepare the accounts, selecting the client name takes you straight into Accounts Production or Accounts.

If you want to view more than ten clients, select View All in the top right to expand, and display a more dedicated view of your client’s compliance work in these products.

Product license required: IRIS Elements Accounts Production Essentials, IRIS Elements Accounts Production Professional, IRIS Elements Tax and Accounts.

Sept 2023

Released on: 14 September 2023

General

We've made the first set of many great changes to the client list. You can now:


Aug 2023

IRIS Elements Accounts Production Essentials and IRIS Elements Accounts Production Professional

Updated FRS 105 Non-Statutory Detail Profit and Loss Account Report

Released on: 25 August 2023

Following a customer request, the non-stat detailed P&L is now aligned with the report produced by standard FRS102 s1a. This is helpful when explaining accounts to clients.

Disable report generation in Accounts Builder tab

Released on: 11 August 2023

The Accounts Builder tab will now remain disabled for a particular year or period until the Entity Setup is tab is completed. This restriction has been introduced to avoid Limited Company accounts being generated without having an appropriate accounting standard applied.


Released on: 11 August 2023

IRIS Elements Accounts Production (any level)

We've made some improvements to the Submissions tab. These improvements make it clearer that you can download the submissions file as an iXBRL or PDF file and simplify the process for submitting the accounts.

Find out more: Submit accounts

IRIS Elements Anti Money Laundering (AML)

You can now run AML checks on non-clients.


July 2023

Released on: 31 July 2023

IRIS Elements Practice Management

Client portal notifications - when a client completes a task, adds a comment or signs a document, adds a comment or question, you will now receive a notification in IRIS Elements, together with an email.

IRIS Elements Anti Money Laundering (AML)

We've introduced an AML audit tab which displays a log of any changes made relating to AML checks including changes to risk level, AML check dates or reasons.

Find out more:


IRIS Elements Tax (any level), IRIS Elements Tax and Accounts, IRIS Elements Trust Tax, or IRIS Elements VAT Filer

We've added the following new features for these products:


Released on: 23 July 2023

New product - IRIS Elements Cashbook

We've just released a new product called IRIS Elements Cashbook which is available for FREE to all subscribers of the following products:

  • IRIS Elements Accounts Production (any level).

  • IRIS Elements Tax (any level)

  • IRIS Elements Tax and Accounts

IRIS Elements Cashbook helps sole traders efficiently record and track their income and expenditure online - without you needing to subscribe to another product. It also includes our market leading payment service IRIS Pay (opens in a new tab) to collect client payments efficiently.

It's used to record key information required to submit self-assessment tax returns directly to HMRC and, you can use your sole trader's trial balance to attach to a tax return in IRIS Elements.

Find out more: IRIS Elements Cashbook


May 2023

Released on: 30 May 2023

General

For any clients imported directly from Xero, you can now view sales ledger information on the Xero sales ledger tab on their client record, including invoices raised, invoices paid, outstanding balance, etc. a copy of their sales ledger in their client record

Find out more: View Xero sales ledger data on a client record

IRIS Elements Proposal Manager

You can now specify an email address to be used for all client replies to automated messages sent via IRIS Elements Proposal Manager. This includes the ability to specify a name for the email account.

Find our more: IRIS Elements Proposal Manager email settings


Released on: 2 May 2023

New products

We've introduced 4 new products - IRIS Elements Tax, IRIS Elements Accounts Production, IRIS Elements Trust Tax and IRIS Elements VAT Filer.

IRIS Elements Tax and Accounts will no longer be available to new customers, but existing subscriptions will continue.

New features

General

IRIS Elements Tax and IRIS Elements Tax and Accounts

We've added the following new features for both products:

New service

We've introduced a new paid service called IRIS Elements Service Plan Essentials Plus.

This service gives you access to friendly and knowledgeable analysts, who will help and guide you with any IRIS Elements queries over the phone. If you subscribe to a Professional level plan for any product, this service is included.

Find out more: IRIS Elements Service Plan Essentials Plus (opens in a new tab)

New Ideas Portal

Do you have an idea for a new feature in Elements?

Our new Ideas Portal is a public forum where you can share ideas for future enhancements to the IRIS Elements platform, as well as interact and vote on ideas submitted by other users.  Loads of great ideas have already been submitted and some have already been implemented.

Get involved now: iris.co.uk/elementsideas (opens in a new tab)


March 2023

General

Released: 7 March 2023

Free introduction webinar

Attend a free, on demand webinar to walk you through the key components of IRIS Elements, and get you up and running as soon as possible.

From uploading client data through to running AML checks, delivering proposals and producing accounts, this webinar takes you through the entire journey.

Find out more: Access our free webinar


February 2023

Released on: 24 February 2023

General

IRIS Elements Practice Management


January 2023

Released on: 30th January 2023

IRIS Elements Company Secretarial

We're delighted to announce the release of IRIS Elements Company Secretarial, which allows you to quickly and easily generate and submit a range of company secretarial forms to Companies House.

Where possible, the process is handled electronically, meaning you can submit vital forms such as confirmation statements in just a few clicks.

A series of triggers are built into the client record, so as you work on updating client records, forms are created and added to your list of company secretarial tasks.

Find out more: Introducing IRIS Elements Company Secretarial